Hotcoinvs
MEXC
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 167 liquid markets shared by Hotcoin and MEXC, the best funding setup over the past 7 days is $SIREN (long Hotcoin, short MEXC): it paid 110.9% APR, 102.5% after costs, and held 37% of the time.
167 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
β7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Hotcoin | MEXC | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.06% | 0.02%β |
| Maker fee | 0.02% | 0%β |
| Open Interest | $2.16B | $12.00Bβ |
| 24h Volume | $6.80B | $11.05Bβ |
| Avg Funding APR | 1.93% | 2.47% |
| Markets | 536 | 732β |
| Airdrop / token | Listed | Listed |
Hotcoin and MEXC are both perpetual-futures venues tracked on ORBIT. On fees, MEXC is cheaper (0.02% vs 0.06% taker). On liquidity, MEXC is deeper with $12.00B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Hotcoin and MEXC diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Hotcoin and MEXC pays most?
- Across 167 liquid markets shared by Hotcoin and MEXC, the best funding setup over the past 7 days is $SIREN (long Hotcoin, short MEXC): it paid 110.9% APR, 102.5% after costs, and held 37% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Hotcoin or MEXC cheaper?
- Hotcoin charges 0.06% taker / 0.02% maker; MEXC charges 0.02% taker / 0% maker. MEXC has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Hotcoin or MEXC?
- Hotcoin has $2.16B open interest across 536 markets; MEXC has $12.00B across 732. MEXC is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Hotcoin and MEXC?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.