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Phemex: tokenized stocks next to 13 other exchanges

Every 15 minutes we read Phemex’s order books for tokenized versions of US stocks and ETFs, convert each token to real shares and set it against the real stock at the same minute, next to every other exchange we read. This page shows where Phemex stood on the latest US trading day, stock by stock, and day by day since Fri 2 Oct.

Tue 13 Oct 2026, US hours · updated every morning · measurement, not advice

$293to buy and sell $10,000 of a typical stock, fees included, from the 6% of checks where its books could fill it
79.0%of its token prices were within 0.15% of the real share in US hours
67 bpstypical spread between its best buy and sell price
17of our 20 US stocks and ETFs on Phemex, in 18 markets we read

Against every exchange we read

Tue 13 Oct 2026, US hours (9:30 am to 4 pm New York), the typical check. The same table as on the price page, Phemex marked.

ExchangeDistancefrom the real priceSpreadBuy and sell $10,000spread and depthFeesbuy and sellTotalfees includedCould fill $10,000Stocks
Bitget11 bps7 bps14 bps10 bps$24100% of checks19
Binance11 bps1 bp7 bps20 bps$27100% of checks9
MEXC11 bps4 bps15 bps16 bps$31100% of checks19
OKX7 bps4 bps20 bps20 bps$4096% of checks18
Bybit10 bps4 bps9 bps40 bps$49100% of checks9
Gate9 bps8 bps31 bps20 bps$51100% of checks17
WEEX11 bps20 bps35 bps20 bps$5596% of checks19
LBank12 bps11 bps24 bps40 bps$64100% of checks19
KuCoin11 bps1 bp24 bps40 bps$64100% of checks5
Toobit8 bps19 bps69 bps0 bps$69100% of checks11
BingX10 bps11 bps85 bps20 bps$10593% of checks18
XT10 bps20 bps631 bps40 bps$671100% of checks5
Phemex8 bps67 bps273 bps20 bps$2936% of checks17
Bitrue11 bps46 bps32348 bps20 bps$323684% of checks16

Phemex’s fee: 0.1% a trade, its standard taker fee for a new account. Phemex lists 0.1% for these markets. The ranking counts only exchanges that could fill $10,000 in at least 9 of 10 checks.

Stock by stock on Phemex

Tue 13 Oct 2026, US hours. The last column is the exchange where buying and selling $10,000 of that stock cost least, fees included.

StockWithin 0.15%of the real shareTypical distanceSpreadBuy and sell $10,000fees includedCheapest exchangefor this stock
SPYS&P 500 ETF26.9%30 bps114 bps–filled 0% of checksBitget $16
QQQNasdaq-100 ETF76.9%13 bps67 bps–filled 0% of checksBitget $16
NVDANvidia100%3 bps57 bps–filled 0% of checksBitget $17
TSLATesla100%6 bps68 bps–filled 0% of checksBitget $16
AAPLApple84.6%5 bps71 bps–filled 0% of checksOKX $34
GOOGLAlphabet88.5%3 bps58 bps–filled 0% of checksBitget $16
METAMeta96.2%5 bps74 bps–filled 0% of checksBitget $17
CRCLCircle76.9%12 bps60 bps–filled 0% of checksBitget $26
MSTRStrategy88.5%6 bps59 bps–filled 0% of checksBinance $25
COINCoinbase84.6%11 bps74 bps–filled 0% of checksBitget $21
SPCXSpaceX69.2%12 bps58 bps–filled 0% of checksBitget $21
AMZNAmazon84.6%6 bps67 bps–filled 0% of checksBinance $24
MSFTMicrosoft96.2%3 bps73 bps–filled 0% of checksBitget $17
AVGOBroadcom38.5%19 bps126 bps–filled 0% of checksMEXC $29
PLTRPalantir100%3 bps58 bps–filled 0% of checksBitget $17
AMD65.4%11 bps89 bps–filled 0% of checksMEXC $28
SLVSilver ETF65.4%13 bps73 bps$293MEXC $32

Outside US hours and at the weekend

Before fees. Outside US hours, only the minutes when the real share has a price count; at the weekend, the distance is from Friday’s close.

WhenDistanceSpreadBuy and sell $10,000before feesCould fill $10,000
Outside US hoursTue 13 Oct: before the open, after the close and overnight10 bpsfrom the real price66 bps280 bps6% of checks
At the weekendSat 10 and Sun 11 Oct, while Wall Street was shut22 bpsfrom Friday’s close68 bps279 bps6% of checks

Day by day

US hours, newest first, each day with today’s fees. Place: among the exchanges that could fill $10,000 in 9 of 10 checks that day.

DayBuy and sell $10,000fees includedPlaceWithin 0.15%SpreadStocks
Tue 13 Oct 2026$293not ranked79.0%67 bps17
Mon 12 Oct 2026$289not ranked74.2%66 bps17
Fri 9 Oct 2026$282not ranked83.9%67 bps17
Thu 8 Oct 2026$282not ranked89.1%67 bps17
Wed 7 Oct 2026$278not ranked96.2%67 bps17
Tue 6 Oct 2026$284not ranked94.8%67 bps17
Mon 5 Oct 2026–not ranked99.2%67 bps10
Fri 2 Oct 2026–not ranked94.2%68 bps10

One day can differ from the next: a single wide book or a thin hour moves a typical figure. The days together say more than any one of them.

The tokens behind these figures

We read 18 tokens on Phemex, from Ondo, xStocks. 18 are in our figures.

Tokens quoted per token are converted to real shares with the issuer’s published ratio. Every day we check that each token’s unit fits its prices; a token that fails is left out of every figure on this page.

The data behind this page

Every check behind these figures, for Phemex and every other exchange, every 15 minutes, in daily files and through an API, fingerprinted in Bitcoin every night.

Get the data

Questions or a correction? Write to data@fillable.ai. No exchange can pay for a better place in our numbers.