MEXCvs
Bybit
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 370 liquid markets shared by Bybit and MEXC, the best funding setup over the past 7 days is $STONK (long Bybit, short MEXC): it paid 161.9% APR, 154.0% after costs, and held 71% of the time.
370 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.
| MEXC | Bybit | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.02%β | 0.055% |
| Maker fee | 0%β | 0.02% |
| Open Interest | $11.72B | $12.38Bβ |
| 24h Volume | $6.54Bβ | $6.24B |
| Avg Funding APR | 6.30% | 6.55% |
| Markets | 733 | 771β |
| Airdrop / token | Listed | Listed |
MEXC and Bybit are both perpetual-futures venues tracked on ORBIT. On fees, MEXC is cheaper (0.02% vs 0.055% taker). On liquidity, Bybit is deeper with $12.38B 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 MEXC and Bybit diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between MEXC and Bybit pays most?
- Across 370 liquid markets shared by Bybit and MEXC, the best funding setup over the past 7 days is $STONK (long Bybit, short MEXC): it paid 161.9% APR, 154.0% after costs, and held 71% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is MEXC or Bybit cheaper?
- MEXC charges 0.02% taker / 0% maker; Bybit charges 0.055% taker / 0.02% maker. MEXC has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, MEXC or Bybit?
- MEXC has $11.72B open interest across 733 markets; Bybit has $12.38B across 771. Bybit is deeper, which means lower slippage at size.
- Can I run funding arbitrage between MEXC and Bybit?
- 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.