MEXCvs
OKX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 269 liquid markets shared by MEXC and OKX, the best funding setup over the past 7 days is $LIGHT (long OKX, short MEXC): it paid 42.8% APR, 35.5% after costs, and held 92% of the time.
269 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| MEXC | OKX | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.02%✓ | 0.05% |
| Maker fee | 0%✓ | 0.02% |
| Open Interest | $13.55B✓ | $6.98B |
| 24h Volume | $7.55B | $14.21B✓ |
| Avg Funding APR | 12.59% | 7.29% |
| Markets | 735✓ | 456 |
| Airdrop / token | Listed | Listed |
MEXC and OKX are both perpetual-futures venues tracked on ORBIT. On fees, MEXC is cheaper (0.02% vs 0.05% taker). On liquidity, MEXC is deeper with $13.55B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — 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 OKX diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between MEXC and OKX pays most?
- Across 269 liquid markets shared by MEXC and OKX, the best funding setup over the past 7 days is $LIGHT (long OKX, short MEXC): it paid 42.8% APR, 35.5% after costs, and held 92% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is MEXC or OKX cheaper?
- MEXC charges 0.02% taker / 0% maker; OKX charges 0.05% 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 OKX?
- MEXC has $13.55B open interest across 735 markets; OKX has $6.98B across 456. MEXC is deeper, which means lower slippage at size.
- Can I run funding arbitrage between MEXC and OKX?
- Yes — 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.