BingX vs MEXC Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on BingX Trade on MEXC
24h perp volume · #8 vs #4 of 21 $3.47Bvs$11.08B Open interest · #11 vs #4 of 20 $2.30Bvs$12.17B Liquidations (24h) –vs– Perpetual markets 173vs240 106 shared Taker fee 0.05%vs0.02% Max leverage 125xvs200x

BingX or MEXC: the short answer

BingX0 of 10No clear wins on these measuresMEXC8 of 10Best for lower taker fees, deeper BTC books and more volume

Where each coin trades more

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

Coin BingX Share of 24h volume50% MEXC
BTC$800.4M23%77%$2.66B
ETH$491.0M25%75%$1.51B
ZEC$108.4M6%94%$1.59B
SOL$316.6M34%66%$601.7M
XRP$31.9M10%90%$282.7M
LINK$34.8M21%79%$128.3M
NEAR$68.9M42%58%$93.6M
AVAX$109.0M80%20%$26.7M
ENA$28.3M23%77%$94.5M
DOGE$36.9M32%68%$78.7M
LTC$100.2M93%7%$7.6M
HYPE$63.6M61%39%$40.5M
BingX leads on 3, MEXC on 9 · 24% of these coins' volume is on BingXHover a row for details

BTC funding on BingX vs MEXC

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

BingX 90d average+0.0059%
MEXC 90d average+0.0050%
$10K long, 90 days$158 vs $136
Days BingX cheaper31 of 90

The same market on each venue

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

BTC/USDT BingX Share or difference50% MEXC
Price$80,9860.000% apart$80,986
24h volume$638.9M22%78%$2.31B
Open interest$543.0M11%89%$4.59B
Depth ±1%$5.4M11%89%$45.9M
Funding (8h)+0.0100%Longs pay less on MEXC+0.0050%
Long / short1.00Balanced on both1.00
Liquidations 24h$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.

BingX 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 BingXTrade MEXCTrade
Fees
Maker fee 0.02% 0%
Taker fee 0.05% 0.02%
Taker fee with referral code 0.05% 0.017%
Referral code – mexc-cpdiscount15% fee rebate · Up to 8,000 USDT welcome bonus
Markets and liquidity · live
Perpetuals volume (24h)$3.47B$11.08B
Open interest$2.30B$12.17B
Liquidations (24h)––
Options volume (24h)No optionsNo options
Perpetual markets173240
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 1,000 2,900
Platform type Centralized Centralized
Trust and access
Licences and registrations 1Only regulated by FSIC (Lithuania) 1Unlicensed (Previous Licenses revoked in Seychelles & Estonia)
Proof of reserves Yes Check Yes Check
Countries served 150 170
Users 20 Million 30 Million
Headquarters Singapore Seychelles
Coinperps score
Overall 7.3/10 7.3/10
Depth & liquidity 8 8
Trading fees 9 10
Assets & features 7 9
Regulation 5 1

BingX or MEXC: which should you choose?

Choose BingX if

    BingX review Trade on BingX

    Choose MEXC if

    • You trade often with market ordersTaker fee: 0.02% vs 0.05%
    • You place large ordersBTC depth ±1%: $45.9M vs $5.4M
    • You want the busiest books24h volume: $11.08B vs $3.47B
    • You hold longs for days or weeksBTC funding, 90d avg: +0.0050% vs +0.0059%
    • You trade altcoinsPerpetual markets: 240 vs 173
    • You also buy and hold spotSpot assets: 2,900 vs 1,000
    • You use high leverageMax leverage: 200x vs 125x
    • You want deep positioning to trade againstOpen interest: $12.17B vs $2.30B
    MEXC review Trade on MEXC

    Level on licences (1) and coinperps score (7.3).

    BingX vs MEXC right now

    MEXC traded $11.08B in perpetual futures over the last 24 hours, 3.2× BingX's $3.47B. MEXC also holds more open interest, $12.17B against $2.30B. On BTC, MEXC's order book holds $45.9M within 1% of the price against $5.4M on BingX, so large orders move the price less there. Over the last 90 days BTC funding averaged +0.0059% per 8 hours on BingX and +0.0050% on MEXC: a $10,000 long held throughout paid about $158 on BingX and $136 on MEXC. The two list 106 of the same coins; 4 trade only on BingX and 71 only on MEXC.

    BingX vs MEXC: Perpetual Futures Compared

    Two offshore exchanges, both founded in 2018, both lightly regulated, both competing for traders who care more about low fees and broad access than regulatory protections. MEXC is built around the cheapest futures fees in the industry and the widest token catalog going. BingX is built around copy trading and a more curated derivatives experience with TradFi exposure bolted on.

    In short: MEXC is the cheapest place to trade perps. BingX is the better platform if social trading and traditional market exposure matter to you. Both carry elevated counterparty risk compared to tier-1 venues.

    Fees

    MEXC's fee structure is the most aggressive going: 0% maker and 0.01% taker on futures. BingX charges 0.02% maker and 0.05% taker. Roughly 5x more expensive on taker fills. For high-frequency strategies where execution cost eats into edge, that gap compounds fast.

    Funding rates add another cost layer and diverge between platforms on the same pair in the same session. Our funding rates tracker compares both in real time.

    Asset Coverage and Liquidity

    MEXC lists 2,900+ spot assets, posts roughly 4x BingX's perp volume, and holds double the open interest. If a token is trending, MEXC usually has the perp first. BingX supports around 1,000 spot tokens with a smaller perp catalog that covers majors and mid-caps well but falls behind on long-tail assets.

    On BTC and ETH, MEXC's books are deeper with tighter spreads. BingX's liquidity is fine for retail-sized positions but thins on lower-cap perps. Both carry thinner books than Binance, Bybit, or OKX. Compare depth on our perpetual exchanges overview.

    Copy Trading

    BingX's clear differentiator. 400,000+ elite traders, 1.3 billion cumulative copy orders, AI-powered analytics added in 2026. Copiers filter by ROI, win rate, max drawdown, and P&L curves, then mirror positions on isolated sub-accounts. BingX also extends copy trading into its TradFi markets, which MEXC does not.

    MEXC offers copy trading but it is basic by comparison. If social trading is core to how you engage with perps, BingX is well ahead.

    TradFi Exposure

    BingX offers TradFi perpetual futures covering 50+ assets including gold, oil, forex, US stocks (TSLA, NVDA), and indices (S&P 500, NASDAQ 100), with leverage up to 500x on select forex perps. MEXC does not offer a comparable suite. If you want stocks, commodities, or forex alongside crypto perps, BingX is the only option between the two.

    Leverage

    • MEXC: up to 200x on select crypto pairs
    • BingX: up to 125x on crypto perps, up to 500x on forex TradFi perps

    MEXC's 200x is the highest among major centralized exchanges. In practice, a 0.5% adverse move at that leverage liquidates the position. Track where pressure builds on our BTC and SOL liquidation heatmaps.

    Security

    Both have baggage. BingX suffered a $44-52M hot wallet breach in September 2024 across multiple chains, covered losses from reserves, and resumed withdrawals within 24 hours. MEXC has not disclosed a breach but has drawn persistent complaints about frozen funds and abrupt token delistings. Neither has the crisis-tested track record of a top-tier exchange.

    Regulation

    Neither is well regulated. This is the most important caveat.

    • BingX holds FSIC (Lithuania), FinCEN MSB, and AUSTRAC registrations. Restricts derivatives in 21 jurisdictions. See our BingX restricted countries breakdown.
    • MEXC is effectively unlicensed. Estonian license revoked November 2023. Warnings from Hong Kong's SFC, Germany's BaFin, Japan's FSA, and Canada's BCSC.

    BingX holds a slight edge, but neither offers the protections of a VARA, CySEC, or MAS-licensed exchange. Traders who need that should look at our full exchange comparison.

    The Bottom Line

    Choose MEXC if rock-bottom fees and the widest altcoin perp catalog are your priority, and you accept the risk of an effectively unregulated exchange.

    Choose BingX if copy trading is central to your strategy, you want TradFi perp exposure alongside crypto, and you prefer an exchange with at least some regulatory footing.

    Comparison by Coinperps Research · updated 13 Oct 2026

    BingX vs MEXC FAQ

    Live answers use both venues' perpetual markets · updated

    Is BingX or MEXC better for futures trading?

    Coinperps scores BingX and MEXC the same, 7.3 out of 10, so the better pick depends on what you trade. BingX leads on regulation (5 vs 1). MEXC leads on trading fees (10 vs 9) and assets and features (9 vs 7). 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, BingX or MEXC?

    BingX 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 BingX and $4.00 on MEXC, so MEXC is cheaper for takers. 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, BingX or MEXC?

    MEXC has more perpetual futures volume: $11.08B in the last 24 hours against $3.47B on BingX, 3.2× as much. Open interest is $2.30B on BingX and $12.17B on MEXC. Compare open interest across exchanges.

    Does BingX or MEXC offer higher leverage?

    MEXC offers more, up to 200x against 125x on BingX. 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 BingX or MEXC safer?

    BingX lists 1 licences and registrations, including Only regulated by FSIC (Lithuania). 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, BingX or MEXC?

    Over the last 90 days BTC funding averaged +0.0059% per 8 hours on BingX and +0.0050% on MEXC, so longs paid less on MEXC. BingX was cheaper on 31 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, BingX or MEXC?

    MEXC lists more: 240 live perpetual markets against 173. 106 coins trade on both; 1000PEPE, PUMP, SOON and 1 more only on BingX; XAU, SILVER, SKHYNIX and 68 more only on MEXC.

    Which has better liquidity, BingX or MEXC?

    MEXC has the deeper BTC order book: $45.9M of bids and asks within 1% of the price against $5.4M on BingX. Deeper books mean less slippage on large market orders. MEXC also trades 3.2× the 24h volume.

    Are there BingX and MEXC referral codes?

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

    Where are BingX and MEXC based?

    BingX is headquartered in Singapore and reports 20 million users. MEXC is headquartered in Seychelles and reports 30 million users.

    Compare BingX with other exchanges

    BingX vs BinanceBingX vs Coinbase FuturesBingX vs KrakenBingX vs BitgetBingX vs BybitBingX vs Gate.ioBingX vs HyperliquidBingX vs OKX

    Compare MEXC with other exchanges

    MEXC vs BinanceMEXC 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