OKX vs MEXC Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on OKX Trade on MEXC
24h perp volume · #2 vs #4 of 21 $19.43Bvs$11.08B Open interest · #6 vs #4 of 20 $7.80Bvs$12.16B Liquidations (24h) $20.7Mvs– Perpetual markets 173vs240 148 shared Taker fee 0.05%vs0.02% Max leverage 100xvs200x

OKX or MEXC: the short answer

OKX3 of 10Best for more volume, more licences and higher scoreMEXC7 of 10Best for lower taker fees, deeper BTC books and cheaper long funding

Where each coin trades more

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

Coin OKX Share of 24h volume50% MEXC
BTC$5.62B68%32%$2.66B
ETH$5.56B79%21%$1.51B
ZEC$864.8M35%65%$1.59B
SOL$750.7M56%44%$601.7M
SNDK$1.00B75%25%$339.4M
XAU$292.7M36%64%$513.7M
SKHYNIX$415.2M54%46%$354.7M
SOXL$537.8M70%30%$230.1M
XRP$195.5M41%59%$282.7M
PEPE$337.2M72%28%$128.9M
MU$136.4M44%56%$176.0M
KORU$102.7M35%65%$194.5M
OKX leads on 7, MEXC on 5 · 65% of these coins' volume is on OKXHover a row for details

BTC funding on OKX vs MEXC

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

OKX 90d average+0.0052%
MEXC 90d average+0.0050%
$10K long, 90 days$139 vs $136
Days OKX cheaper40 of 90

The same market on each venue

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

BTC/USDT OKX Share or difference50% MEXC
Price$80,9880.003% apart$80,986
24h volume$4.80B68%32%$2.31B
Open interest$2.52B35%65%$4.59B
Depth ±1%$25.2M35%65%$45.9M
Funding (8h)+0.0100%Longs pay less on MEXC+0.0050%
Long / short1.02Longs lead on OKX1.00
Liquidations 24h$1.5M100%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.

OKX 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 OKXTrade MEXCTrade
Fees
Maker fee 0.02% 0%
Taker fee 0.05% 0.02%
Taker fee with referral code 0.0425% 0.017%
Referral code CPDISCOUNT15% fee rebate · Up to 5,100 USDT welcome bonus mexc-cpdiscount15% fee rebate · Up to 8,000 USDT welcome bonus
Markets and liquidity · live
Perpetuals volume (24h)$19.43B$11.08B
Open interest$7.80B$12.16B
Liquidations (24h)$20.7M–
Options volume (24h)$751.1MNo 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 100x 200x
Contract types USDT and USDC USDT only
Spot assets 311 2,900
Platform type Centralized Centralized
Trust and access
Licences and registrations 8Tier-1 Regulators including MiCA and MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia), VARA (UAE), and 4 more 1Unlicensed (Previous Licenses revoked in Seychelles & Estonia)
Proof of reserves Yes Check Yes Check
Countries served 100 170
Users 120 Million 30 Million
Headquarters Dubai, United Arab Emirates Seychelles
Coinperps score
Overall 8.6/10 7.3/10
Depth & liquidity 9 8
Trading fees 9.5 10
Assets & features 7 9
Regulation 9.5 1

OKX or MEXC: which should you choose?

Choose OKX if

  • You want the busiest books24h volume: $19.43B vs $11.08B
  • Regulation matters to youLicences: 8 vs 1
  • You want the higher-rated venue overallCoinperps score: 8.6 vs 7.3
OKX review Trade on OKX

Choose MEXC if

  • You trade often with market ordersTaker fee: 0.02% vs 0.05%
  • You place large ordersBTC depth ±1%: $45.9M vs $25.2M
  • You hold longs for days or weeksBTC funding, 90d avg: +0.0050% vs +0.0052%
  • You trade altcoinsPerpetual markets: 240 vs 173
  • You also buy and hold spotSpot assets: 2,900 vs 311
  • You use high leverageMax leverage: 200x vs 100x
  • You want deep positioning to trade againstOpen interest: $12.16B vs $7.80B
MEXC review Trade on MEXC

OKX vs MEXC right now

OKX traded $19.43B in perpetual futures over the last 24 hours, 1.8× MEXC's $11.08B. MEXC holds more open interest, though: $12.16B against $7.80B. On BTC, MEXC's order book holds $45.9M within 1% of the price against $25.2M on OKX, so large orders move the price less there. Over the last 90 days BTC funding averaged +0.0052% per 8 hours on OKX and +0.0050% on MEXC: a $10,000 long held throughout paid about $139 on OKX and $136 on MEXC. The two list 148 of the same coins; 10 trade only on OKX and 29 only on MEXC.

Comparison by Coinperps Research · updated 13 Oct 2026

OKX vs MEXC FAQ

Live answers use both venues' perpetual markets · updated

Is OKX or MEXC better for futures trading?

OKX scores higher, 8.6 against 7.3 out of 10. OKX leads on depth and liquidity (9 vs 8) and regulation (9.5 vs 1). MEXC leads on trading fees (10 vs 9.5) 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, OKX or MEXC?

OKX 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 OKX and $4.00 on MEXC, so MEXC is cheaper for takers. The OKX referral code CPDISCOUNT adds a 15% fee rebate, which brings its taker fee to 0.0425%. 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, OKX or MEXC?

OKX has more perpetual futures volume: $19.43B in the last 24 hours against $11.08B on MEXC, 1.8× as much. Open interest is $7.80B on OKX and $12.16B on MEXC. Compare open interest across exchanges.

Does OKX or MEXC offer higher leverage?

MEXC offers more, up to 200x against 100x on OKX. 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 OKX or MEXC safer?

OKX lists 8 licences and registrations, including Tier-1 Regulators including MiCA and MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia). 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, OKX or MEXC?

Over the last 90 days BTC funding averaged +0.0052% per 8 hours on OKX and +0.0050% on MEXC, so longs paid less on MEXC. OKX was cheaper on 40 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, OKX or MEXC?

MEXC lists more: 240 live perpetual markets against 173. 148 coins trade on both; CL, XAG, PUMP and 7 more only on OKX; SILVER, XAUT, USOIL and 26 more only on MEXC.

Which has better liquidity, OKX or MEXC?

MEXC has the deeper BTC order book: $45.9M of bids and asks within 1% of the price against $25.2M on OKX. Deeper books mean less slippage on large market orders. OKX also trades 1.8× the 24h volume.

Are there OKX and MEXC referral codes?

OKX: use CPDISCOUNT for a 15% fee rebate · up to 5,100 usdt 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 OKX and MEXC based?

OKX is headquartered in Dubai, United Arab Emirates and reports 120 million users. MEXC is headquartered in Seychelles and reports 30 million users.

Compare OKX with other exchanges

OKX vs BinanceOKX vs BybitOKX vs HyperliquidOKX vs BingXOKX vs BitgetOKX vs Coinbase FuturesOKX vs Gate.ioOKX vs Kraken

Compare MEXC with other exchanges

MEXC vs BinanceMEXC vs BingXMEXC vs BitgetMEXC vs BybitMEXC vs Coinbase FuturesMEXC vs Gate.ioMEXC vs HyperliquidMEXC vs Kraken

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