Binance vs MEXC Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on Binance Trade on MEXC
24h perp volume · #1 vs #4 of 21 $51.69Bvs$11.08B Open interest · #1 vs #4 of 20 $32.76Bvs$12.17B Liquidations (24h) $66.3Mvs– Perpetual markets 231vs240 162 shared Taker fee 0.05%vs0.02% Max leverage 125xvs200x

Binance or MEXC: the short answer

Binance5 of 10Best for deeper BTC books, more volume and more licencesMEXC5 of 10Best for lower taker fees, cheaper long funding and more markets

Where each coin trades more

The 12 biggest coins listed on both · share of their combined 24h volume

Coin Binance Share of 24h volume50% MEXC
BTC$12.15B82%18%$2.66B
ETH$8.04B84%16%$1.51B
SOXL$2.91B93%7%$230.1M
ZEC$1.39B47%53%$1.59B
SNDK$2.23B87%13%$339.4M
SKHYNIX$2.16B86%14%$354.7M
XAU$1.89B79%21%$513.7M
SOL$1.40B70%30%$601.7M
KORU$1.10B85%15%$194.5M
SKHY$1.18B94%6%$71.7M
XRP$630.0M69%31%$282.7M
MU$634.3M78%22%$176.0M
Binance leads on 11, MEXC on 1 · 81% of these coins' volume is on BinanceHover a row for details

BTC funding on Binance vs MEXC

Last 90 days · 8h equivalent · against the median of every tracked venue

Binance 90d average+0.0051%
MEXC 90d average+0.0050%
$10K long, 90 days$137 vs $136
Days Binance cheaper21 of 90

The same market on each venue

One perpetual, both order books · Binance has the deeper book

BTC/USDT Binance Share or difference50% MEXC
Price$80,9860.000% apart$80,986
24h volume$8.55B79%21%$2.31B
Open interest$7.74B63%37%$4.59B
Depth ±1%$77.4M63%37%$45.9M
Funding (8h)+0.0051%Longs pay less on MEXC+0.0050%
Long / short0.95Shorts lead on Binance1.00
Liquidations 24h$10.6M100%0%$0

Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth is order book liquidity within 1% of the price.

Binance vs MEXC head to head

Fees, leverage and licences from each venue's published terms · volume and funding live · the better figure is ticked

Feature BinanceTrade MEXCTrade
Fees
Maker fee 0.02% 0%
Taker fee 0.05% 0.02%
Taker fee with referral code 0.045% 0.017%
Referral code CPDISCOUNT10% fee rebate · Up to $100 welcome bonus mexc-cpdiscount15% fee rebate · Up to 8,000 USDT welcome bonus
Markets and liquidity · live
Perpetuals volume (24h)$51.69B$11.08B
Open interest$32.76B$12.17B
Liquidations (24h)$66.3M–
Options volume (24h)$979.9MNo options
Perpetual markets231240
Funding now · 8h equivalent
BTC funding rate+0.0100%+0.0100%
ETH funding rate+0.0100%+0.0100%
SOL funding rate+0.0100%+0.0100%
XRP funding rate+0.0100%+0.0100%
Trading
Maximum leverage 125x 200x
Contract types USDT and USDC USDT only
Spot assets 400 2,900
Platform type Centralized Centralized
Trust and access
Licences and registrations 22FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more 1Unlicensed (Previous Licenses revoked in Seychelles & Estonia)
Proof of reserves Yes Check Yes Check
Countries served 160 170
Users 265 Million 30 Million
Headquarters Dubai, United Arab Emirates Seychelles
Coinperps score
Overall 9.3/10 7.3/10
Depth & liquidity 10 8
Trading fees 9.5 10
Assets & features 8 9
Regulation 10 1

Binance or MEXC: which should you choose?

Choose Binance if

  • You place large ordersBTC depth ±1%: $77.4M vs $45.9M
  • You want the busiest books24h volume: $51.69B vs $11.08B
  • Regulation matters to youLicences: 22 vs 1
  • You want deep positioning to trade againstOpen interest: $32.76B vs $12.17B
  • You want the higher-rated venue overallCoinperps score: 9.3 vs 7.3
Binance review Trade on Binance

Choose MEXC if

  • You trade often with market ordersTaker fee: 0.02% vs 0.05%
  • You hold longs for days or weeksBTC funding, 90d avg: +0.0050% vs +0.0051%
  • You trade altcoinsPerpetual markets: 240 vs 231
  • You also buy and hold spotSpot assets: 2,900 vs 400
  • You use high leverageMax leverage: 200x vs 125x
MEXC review Trade on MEXC

Binance vs MEXC right now

Binance traded $51.69B in perpetual futures over the last 24 hours, 4.7× MEXC's $11.08B. Binance also holds more open interest, $32.76B against $12.17B. On BTC, Binance's order book holds $77.4M within 1% of the price against $45.9M on MEXC, so large orders move the price less there. Over the last 90 days BTC funding averaged +0.0051% per 8 hours on Binance and +0.0050% on MEXC: a $10,000 long held throughout paid about $137 on Binance and $136 on MEXC. The two list 162 of the same coins; 14 trade only on Binance and 15 only on MEXC.

Binance vs MEXC: Overall Futures Market Coverage

  • Daily perp volume: Binance typically over $67B vs MEXC typically around $20B
  • Contracts listed: Binance 270+ vs MEXC ~260
  • Liquidity: Binance deeper books on majors; MEXC broader long-tail but thinner on mid and small caps‍

Binance runs higher 24h perp volume and larger open interest, which generally supports tighter spreads on BTC and ETH. MEXC carries many alt perps, useful for niche rotations, but depth can vary outside the top pairs. If any live metric is missing on the pages, check the exchange page for the latest detail.

Fees, Discounts, and VIP Tiers Compared

  • Baseline fees: Binance 0.02% maker / 0.05% taker vs MEXC 0.00% maker / 0.02% taker
  • Binance edge: BNB pay-with-token discount; VIP 9 example shows 0.00% maker and 0.017% taker with large volume and BNB holdings
  • MEXC edge: MX token deductions with 50% base cut plus extra 20% when using MX to offset USDT-margined futures fees
  • Takeaway: Lower sticker fees on MEXC; Binance can undercut at scale through VIP and BNB discounts

For small tickets, MEXC’s headline fees are hard to beat. High-volume traders on Binance can achieve aggressive rates through the VIP ladder and BNB discounts. If only one side shows a concrete VIP example, rely on that and verify the other on its fee page.

Leverage, Position Limits, and Advanced Features

  • Max leverage: Binance up to 125x vs MEXC up to 200x on BTC/ETH
  • Risk tiers: Both exchanges use tiered margin that scales with notional size
  • Extra products: Binance offers USDT and USDC-margined perps and listed options; MEXC lists USDT-margined perps‍

MEXC advertises higher headline leverage, but position size tiers will reduce effective leverage as exposure grows. Binance adds USDC perps and options for broader hedging. Check the exchange page for the latest tier tables.

Regulation, Geographic Access, and Licenses

  • Binance footprint: Multiple registrations and licenses across EU, Middle East, APAC and more
  • MEXC footprint: Operates without major licenses; has been flagged by several regulators
  • Availability: Binance indicates service in ~160 countries; MEXC references access in ~170 countries‍

Binance publishes an extensive list of registrations and licenses and states broad availability. MEXC highlights access but notes warnings from authorities and lack of formal licensing. Always verify eligibility and product scope in your country before onboarding.

Security, Transparency, and Proof-of-Reserves

  • Binance: Public proof-of-reserves with Merkle verification; large cold storage footprint
  • MEXC: Publishes proof-of-reserves disclosures and maintains an insurance fund
  • User takeaway: PoR shows assets held at a point in time; it does not prove full liabilities

Both Binance and MEXC publish reserve attestations and describe wallet segregation. Treat PoR as one signal among many and keep prudent balances, 2FA, withdrawal allowlists, and external cold storage for long-term holdings.‍

Final Takeaway

‍Pick Binance when you prioritize depth on majors, USDC-margined perps, and an extensive licensing footprint; pick MEXC when you want headline-low fees, very high stated leverage, and a wide selection of alt perps. Check each page for live volumes, OI, and any changes to fees, leverage tiers, or availability.

Comparison by Coinperps Research · updated 13 Oct 2026

Binance vs MEXC FAQ

Live answers use both venues' perpetual markets · updated

Is Binance or MEXC better for futures trading?

Binance scores higher, 9.3 against 7.3 out of 10. Binance leads on depth and liquidity (10 vs 8) and regulation (10 vs 1). MEXC leads on trading fees (10 vs 9.5) and assets and features (9 vs 8). The live panels on this page show which one has more volume, deeper books and cheaper funding right now. How we score exchanges.

Which has lower fees, Binance or MEXC?

Binance charges 0.02% maker and 0.05% taker on perpetual futures at the base tier; MEXC charges 0% and 0.02%. Opening and closing a $10,000 position with market orders costs about $10.00 on Binance and $4.00 on MEXC, so MEXC is cheaper for takers. The Binance referral code CPDISCOUNT adds a 10% fee rebate, which brings its taker fee to 0.045%. The MEXC referral code mexc-cpdiscount adds a 15% fee rebate, which brings its taker fee to 0.017%. Both cut fees at higher VIP tiers. Funding payments are separate and go between traders.

Which has more trading volume, Binance or MEXC?

Binance has more perpetual futures volume: $51.69B in the last 24 hours against $11.08B on MEXC, 4.7× as much. Open interest is $32.76B on Binance and $12.17B on MEXC. Compare open interest across exchanges.

Does Binance or MEXC offer higher leverage?

MEXC offers more, up to 200x against 125x on Binance. Smaller markets have lower caps on both, and the limit falls as position size grows. At 200x a move of about 0.5% against you is enough to liquidate a position.

Is Binance or MEXC safer?

Binance lists 22 licences and registrations, including FinCEN (USA), FINMA (Switzerland), FCA (UK). MEXC lists 1, including Unlicensed (Previous Licenses revoked in Seychelles & Estonia). Both publish proof of reserves, so users can check that customer assets are backed. Rules differ by country, so check that the exchange serves yours before you sign up.

Which has lower funding rates, Binance or MEXC?

Over the last 90 days BTC funding averaged +0.0051% per 8 hours on Binance and +0.0050% on MEXC, so longs paid less on MEXC. Binance was cheaper on 21 of 90 days. Funding goes between traders, and when it is negative shorts pay longs instead. Live funding rates on every exchange.

Which lists more perpetual futures, Binance or MEXC?

MEXC lists more: 240 live perpetual markets against 231. 162 coins trade on both; CL, XAG, BZ and 11 more only on Binance; SILVER, PEPE, USOIL and 12 more only on MEXC.

Which has better liquidity, Binance or MEXC?

Binance has the deeper BTC order book: $77.4M of bids and asks within 1% of the price against $45.9M on MEXC. Deeper books mean less slippage on large market orders. Binance also trades 4.7× the 24h volume.

Are there Binance and MEXC referral codes?

Binance: use CPDISCOUNT for a 10% fee rebate · up to $100 welcome bonus (offer and terms). MEXC: use mexc-cpdiscount for a 15% fee rebate · up to 8,000 usdt welcome bonus (offer and terms).

Where are Binance and MEXC based?

Binance is headquartered in Dubai, United Arab Emirates and reports 265 million users. MEXC is headquartered in Seychelles and reports 30 million users.

Compare Binance with other exchanges

Binance vs BingXBinance vs BitgetBinance vs BybitBinance vs Coinbase FuturesBinance vs Gate.ioBinance vs KrakenBinance vs OKXBinance vs Hyperliquid

Compare MEXC with other exchanges

MEXC vs BingXMEXC vs BitgetMEXC vs BybitMEXC vs Coinbase FuturesMEXC vs Gate.ioMEXC vs HyperliquidMEXC vs KrakenMEXC vs OKX

Live data from both venues' perpetual markets, refreshed every few minutes. Fees are base tier and change with VIP level. Ratings are Coinperps' own. Not financial advice. All 45 comparisons · Methodology