MEXC
Hyperliquid
vs
MEXC
MEXC

Compare Hyperliquid vs. MEXC perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.

Data updates automatically every 2 minutes.
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About

Hyperliquid is the largest onchain perp exchange, clearing over $300 billion a month on a custom Layer 1 using HyperBFT for one-block finality and sub-second execution. Its onchain order book processes more than 200,000 orders per second.

Founded in 2023 by former HRT engineer Jeff Yan, it offers 100 plus perp markets with up to 40x leverage, permissionless listings, and USDC-margined contracts. All trading and liquidations settle onchain through HyperCore and HyperEVM.

The network is community owned with no paid market makers or listing fees, secured by a validator set running HyperBFT. Hyperliquid releases verifiable onchain data on funding, open interest, liquidations, and vault activity.

MEXC, founded in 2018 by John Chen, is a major crypto exchange offering perpetual futures with leverage up to 200x and access to over 2,900 cryptocurrencies. 

Serving 30 million traders in 170 countries, MEXC features low futures fees, diverse altcoin markets, and special perks for high-volume users. 

While it provides robust security through Proof of Reserves and cold storage, MEXC remains unlicensed by major regulators and has drawn warnings from several global financial bodies.

Rating

6.5

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    1

  • Features & Supported Assets

    7

  • Trading Fees

    10

  • Depth & Liquidity

    8

7

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    1

  • Features & Supported Assets

    9

  • Trading Fees

    10

  • Depth & Liquidity

    8

Spot Assets

60

2900

Perpetual Contracts

USDC only

USDT only

Spot Volume (24H)

N/A

N/A

Perpetuals Volume (24H)

$7.60B

$24.75B

Crypto Options Volume (24H)

$0

$0

Open Interest (24H)

$7.41B

$9.40B

Live Funding Rates
BTC Funding Rate
ETH Funding Rate
BNB Funding Rate
SOL Funding Rate

undefined%

0.0013%

undefined%

0.0019%

undefined%

0.0013%

undefined%

0.0013%

0.0077%

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USDC

0.0007%

undefined

USDC

0.0017%

undefined

USDC

-0.0125%

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USDC
Taker Fees

0.045

%

0.02

%

Maker Fees

0.015

%

0

%

Perpetual Contract Types

USDC only

USDT only

Available Leverage

40x

200x

Regulation

Decentralized and Unregulated

Unlicensed (Previous Licenses revoked in Seychelles & Estonia)

Proof of Reserves

Yes

No

Yes

No

Supported Countries

195

170

Total Users

404,000

30 Million

Headquarters

Decentralized (HyperEVM)

Seychelles

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