Phemex Hedge Ratio Calculator
Spot hedge · Perp short · Required margin
Calculate the exact Phemex perpetual futures short position needed to hedge your spot holdings, including required margin and funding cost.
100% = full hedge · 50% = partial
For funding cost estimate
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Hedging spot with a Phemex perp short
To hedge a spot holding on Phemex, you open a short perpetual position sized to your chosen hedge ratio. Opening that short costs Phemex's 0.06% taker fee (or 0.01% maker fee with a limit order), which this calculator factors into the required margin.
Funding on Phemex settles every 8 hours. If the rate is positive while you are short, you receive it: the hedge can be cash-flow positive on top of protecting your spot position from downside moves.
Phemex fee structure
Phemex charges maker fee 0.01% and taker fee 0.06% on perpetual futures. Maximum available leverage is 150×. This calculator pre-fills these defaults so you get accurate results without needing to look up the fee schedule. If you are on a VIP tier with discounted fees, adjust the fee fields accordingly.
Maker orders (limit orders that add liquidity) cost less than taker orders (market orders that remove liquidity). On Phemex, using limit orders for both entry and exit can reduce your total fee cost significantly compared to market orders.
Frequently Asked Questions
What is a hedge ratio in crypto trading?
A hedge ratio is the proportion of your spot position you protect with a short perpetual futures contract. 100% neutralizes price risk; 50% gives partial protection while keeping some upside.
What is the cost of hedging with perpetual futures?
Hedging with a short perp has an ongoing funding cost. When funding is positive, short holders receive it, making the hedge cash-flow positive; when negative, you pay it.
What are Phemex perpetual futures fees?
Phemex charges maker fee 0.01% and taker fee 0.06%. Maximum leverage is 150×. This calculator uses these defaults but you can adjust them for your actual rate tier.
Is this calculator specific to Phemex?
Yes, the exchange is pre-selected to Phemex with live prices pulled from their API. You can switch to any other supported exchange using the instrument selector.