OKXvs
MEXC
Compare OKX vs MEXC perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.
Coinperps score
Four weighted criteria, scored out of 10 by Coinperps Research. How we score ›
OKX8.75/10MEXC7/10Market position
Each venue's share of the perpetual venues Coinperps tracks, live over the last 24 hours.
The same market on each venue
One perpetual, both books: where the liquidity and the crowd actually are right now.
OKXBTC/USDTMEXCWinner marked per row. Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth: order-book liquidity within 1% of mid.
BTC funding over 90 days
Daily funding on each venue's BTC perpetual against the cross-venue median, every venue normalised to an 8-hour equivalent. Persistent gaps are what a carry trade or a long hold actually pays.
OKX vs MEXC: head-to-head
Fees, leverage and regulation from each venue's published terms; volume, open interest and funding live from the Coinperps feed. The better figure is marked where one exists.
| Dimension | OKX | MEXC |
|---|---|---|
| Fees & costs | ||
| Taker fee | 0.05% | 0.02% |
| Maker fee | 0.02% | 0% |
| Volume & liquidity | ||
| Perpetuals volume (24h) | -- | -- |
| Open interest | -- | -- |
| Options volume (24h) | -- | -- |
| Liquidations (24h) | -- | -- |
| Perpetual contracts listed | -- | -- |
| Live funding rates | ||
| BTC funding rate | -- | -- |
| ETH funding rate | -- | -- |
| SOL funding rate | -- | -- |
| XRP funding rate | -- | -- |
| All funding on this page is shown as an 8-hour equivalent. Venues that settle hourly (Hyperliquid, Kraken, Coinbase, dYdX) are scaled by the interval the feed reports, so the figures compare like for like. | ||
| Trading features | ||
| Contract types | USDT and USDC | USDT only |
| Maximum leverage | 100x | 200x |
| Spot assets | 311 | 2900 |
| Platform type | Centralized | Centralized |
| Regulation & trust | ||
| Regulation | Tier-1 Regulators including MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia), SFC (Hong Kong), VARA (UAE), and 4 more | Unlicensed (Previous Licenses revoked in Seychelles & Estonia) |
| Proof of reserves | ✓ Yes | ✓ Yes |
| Supported countries | 100 | 170 |
| Users | 60 Million | 30 Million |
| Headquarters | Dubai, United Arab Emirates | Seychelles |
About OKX
OKX is the third-largest cryptocurrency exchange by trading volume, founded in 2017 by Star Xu and processing roughly $40 billion in daily derivatives turnover across one of the deepest perpetuals order books in the market.
Perpetual swaps run up to 100x leverage in USDT, USDC, and coin-margined variants, backed by a unified account that margins spot, futures, and options from one collateral pool. OKX was also the first global exchange to list perpetuals priced on licensed ICE Brent and WTI oil benchmarks, extending its engine beyond crypto.
Its regulatory footprint is among the broadest in the industry. A MiCA license from Malta's MFSA passports across the EEA alongside a MiFID II derivatives venue, approvals include VARA, MAS, and AUSTRAC, and a compliant US entity relaunched from San Jose after settling with the Department of Justice.
Custody claims are verifiable rather than asserted. More than 40 consecutive monthly Proof of Reserves reports use zk-STARK cryptography to show over $20 billion in primary assets covered above a 1:1 ratio, and the main exchange has no major disclosed hack in its history.
About MEXC
MEXC is the highest-leverage major perpetuals venue, founded in 2018 and now serving more than 40 million users across 170+ countries from its Seychelles base. Its catalog of 3,000+ listed tokens is among the largest in the industry.
The futures platform runs 700+ perpetual pairs at up to 500x leverage with the lowest standard fee schedule of any major exchange, charging nothing on maker orders and 0.02% on takers before MX token discounts.
Its regulatory posture is the trade-off. MEXC holds no license from a major financial regulator and has drawn warnings from authorities including Germany's BaFin, the UK's FCA, and Hong Kong's SFC, so users trade without the consumer protections regulated venues carry.
Security rests on verifiable reserves rather than oversight. Monthly Hacken-audited Proof of Reserves shows major assets backed well above 100%, a $100 million Guardian Fund with public wallet addresses backstops users, and no exchange-level hack has been confirmed since founding.
