Measured cost of a market buy
| Order | OKX | MEXC |
|---|---|---|
| BTC $10,000 | 5.01 bps ($5.01)Rank 17 of 38 | 2.01 bps ($2.01)Rank 3 of 38✓ |
| BTC $100,000 | 5.01 bps ($50.06)Rank 14 of 37 | 2.01 bps ($20.06)Rank 3 of 37✓ |
| BTC $1,000,000 | 5.27 bps ($527.40)Rank 10 of 33 | 2.06 bps ($205.81)Rank 2 of 33✓ |
| ETH $10,000 | 5.02 bps ($5.02)Rank 16 of 39 | 2.02 bps ($2.02)Rank 3 of 39✓ |
| ETH $100,000 | 5.92 bps ($59.23)Rank 17 of 38 | 2.02 bps ($20.20)Rank 3 of 38✓ |
| ETH $1,000,000 | 6.95 bps ($695.25)Rank 16 of 33 | 2.06 bps ($206.40)Rank 2 of 33✓ |
MEXC charges 3 basis points less than OKX per taker order on BTC at the base tier.
The measured rows show how spread and price impact change that gap at each size.
Fees, funding and market data
| Item | OKX | MEXC |
|---|---|---|
| Taker fee, base tier | 0.050% | 0.020%✓ |
| Maker fee, base tier | 0.020% | 0%✓ |
| Maximum leverage | 100x on BTC | 500x on BTC |
| Chain and settlement | Off-chain ledgerCEX | Off-chain ledgerCEX |
| Custody of funds | Exchange holds depositsCEX | Exchange holds depositsCEX |
| Taker fee on a $100,000 order | $50 | $20✓ |
| Fee schedule scope | Global ladder; regional companies can differ | Set for each pair |
| Local licensed company | EEA (Malta), Australia, Dubai✓ | None named |
| Identity check (KYC) | Required | Not stated |
| EU and EEA | Available | Not named |
| United Kingdom | Limited | Not available |
| BTC funding rate | 0.0100% per 8hOctober 16, 2026, 07:52 UTC | Not collected |
| ETH funding rate | 0.0007% per 8hOctober 16, 2026, 07:52 UTC | Not collected |
| BTC perp open interest | Not collected | Not collected |
| ETH perp open interest | Not collected | Not collected |
| Reported 24h volume | $33.90bOct 16, 2026 | $14.81bOct 16, 2026 |
Each fee, leverage, settlement and custody value comes from the official page named here. The date is the day PerpFinder read the page.
Fees for a regular account
MEXC charges 0.02% taker on BTCUSDT, and OKX charges 0.05% on its regular futures tier. The gap is 3 basis points: $3 on a $10,000 market order and $30 on a $100,000 order.
Makers pay 0% on MEXC and 0.02% on OKX. OKX set one global futures ladder on August 14, 2026, per its notice. Regional OKX companies can use another schedule.
Regional products at OKX
OKX runs local companies with their own rules. In supported EEA countries, a MiFID II investment firm in Malta sells X-Perps, which are expiry futures that use a funding rate. In Australia, retail clients can trade USDT-margined perpetual swaps with leverage up to 2:1.
In Dubai, OKX Middle East Fintech FZE holds a VARA licence that includes derivatives trading. MEXC names no legal entity in its User Agreement.
Leverage caps
OKX lists 100x at the first BTC-USDT position tier, per its position tiers API. The cap falls as the position grows. MEXC lists 500x for BTC_USDT.
Reserve reports
OKX publishes a Proof of Reserves that uses zk-STARK proofs. MEXC links a reserve report that Hacken audited. Both reports show assets on one snapshot date.
Funding
Both exchanges settle BTC funding every 8 hours. Our funding sweep reads OKX but not MEXC, so only the OKX funding rows have a reading.
OKX and MEXC book depth
The MEXC BTC book held a $1,000,000 buy better. The order paid 0.06 bps above the fee on MEXC and 0.27 bps on OKX. The ETH result at $1,000,000 was 0.06 bps on MEXC and 1.95 bps on OKX. The book cost rose by 0.27 bps on OKX and by 0.05 bps on MEXC when the BTC order grew from $10,000 to $1,000,000.
Who can open an account
Both venues bar persons in Canada. Only MEXC also bars the United States and the United Kingdom.
| Jurisdiction | OKX | MEXC |
|---|---|---|
| United States | Limited | Not available |
| United Kingdom | Limited | Not available |
| EU and EEA | Available | Not named |
| Canada | Not available | Not available |
| Identity documents | Required | Not stated |
The OKX terms require a government-issued photo ID and evidence of residency for identity verification. The MEXC User Agreement states that MEXC may terminate an account when its identity-verification procedure is not completed. No MEXC page states that verification is a specific condition of futures trading.
A country that the terms do not name is not a permission. Check your local law before you open an account.
OKX vs MEXC FAQ
Is MEXC cheaper than OKX?
Yes, at the base tier for BTC: MEXC charges 0.02% taker and OKX charges 0.05% to regular users.
The measured table shows the full cost with spread and price impact.
Can EEA residents trade perps on OKX?
Yes, in supported countries: OKX sells X-Perps through a MiFID II investment firm in Malta.
X-Perps are expiry futures that use a funding rate.
Which has higher leverage, OKX or MEXC?
MEXC lists 500x for BTC.
OKX lists 100x at the first BTC-USDT position tier, and the cap falls for larger positions.
Does PerpFinder collect funding for both?
No.
Our funding sweep reads OKX, and it does not read MEXC yet.