Head to head
the arrow points to the better figure| GMX | MEXC | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $4.01 |
| — | BTC trade, $1M | $472 |
| — | BTC book depth | $203.6M |
| 0.060%/0.040% | Taker / maker▶ | 0.020%/0.000% |
| 100x | Max leverage▶ | 1000x |
| Size | ||
| $68.6M | Volume 24h▶ | $16.47B |
| $62.5M | Volume, 7-day average▶ | $11.58B |
| $48.7Mlongs + shorts | Open interest | $13.03Bone side |
| $203.8M | TVL | — |
| Markets | ||
| 124 | Markets▶ | 1213 |
| 8 | Stocks & RWA▶ | 469 |
| 1h | Funding paid every | 1h or 4h or 8h or 24h |
| L +0.0192% / S −0.0170% | BTC funding /8h | +0.0100% |
| +1.294% | BTC longs paid, 30d | +0.487% |
| Access | ||
| No ID | ◀KYC | Required |
| $GMX | Token | $MX |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | GMX | MEXC |
|---|---|---|
| $1k | — | $0.404.0 bp |
| $10k | — | $4.014.0 bp |
| $100k | — | $41.794.2 bp |
| $1M | — | $4724.7 bp |
| $5M | — | $2,5585.1 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 101
funding /8h · Net 7d at $10k| Asset | GMX | MEXC | Spread | Net 7d |
|---|---|---|---|---|
| BTC | L +0.0192% / S −0.0170% | +0.0100% | +0.0070% | — |
| ETH | L +0.0225% / S −0.0204% | +0.0100% | +0.0104% | — |
| SOL | L +0.0130% / S −0.0122% | +0.0075% | +0.0047% | — |
| LINK | L +0.0192% / S −0.0146% | +0.0100% | +0.0046% | — |
| SUI | L +0.0491% / S −0.0193% | +0.0025% | +0.0168% | — |
| XRP | L +0.0336% / S −0.0214% | +0.0100% | +0.0114% | — |
| ONDO | L +0.0429% / S −0.0145% | +0.0100% | +0.0045% | — |
| VVV | L +0.0328% / S −0.0154% | −0.0222% | +0.0376% | — |
| XMR | L +0.0848% / S −0.0758% | +0.0376% | +0.0382% | — |
| ZEC | L −0.0140% / S +0.0166% | +0.0100% | +0.0240% | — |
| ARB | L +0.0074% / S +0.0018% | −0.0041% | +0.0023% | — |
| DOGE | L +0.0196% / S −0.0117% | +0.0100% | +0.0017% | — |
| GMX | L +0.0345% / S −0.0135% | +0.0100% | +0.0035% | — |
| AVAX | L +0.0368% / S −0.0084% | +0.0026% | +0.0058% | — |
| HYPE | L +0.0121% / S −0.0097% | +0.0100% | −0.0003% | — |
| NEAR | L +0.0385% / S −0.0052% | +0.0100% | −0.0048% | — |
| ADA | L +0.0535% / S −0.0248% | +0.0071% | +0.0177% | — |
| TAO | L +0.0331% / S −0.0184% | +0.0100% | +0.0084% | — |
| AAVE | L +0.0312% / S −0.0149% | +0.0100% | +0.0049% | — |
| CVX | L +0.0113% / S +0.0105% | −0.0030% | −0.0075% | — |
Only on GMX: 1
Only on MEXC: 984
XAUT · SP500 · SKHYNIX · AAPL · INTC · NAS100 · RBLX · CRCL · SOXL · MU · NVDA · XPT · CAD · GBP · SNDK · GOOGL · PAXG · QNT · ANTHROPIC · BEAT · MSFT · CHF · COPPER · XPD · JPY · SOXS · MSTR · LUNC · TRB · COST · VET · AKT · COIN · BRKB · SUN · NBIS · KIOXIA · KORU · USDC · MA · WDC · SNXX · IDOL · BAT · TRY · BLESS · HNT · INTW · MAGMA · MUU · FF · TWT · CT · SIGN · AUD · SKHY · ACE · AMZU · ZK · LLY · and 924 more
Questions
Which has more markets, GMX or MEXC?
GMX lists 124 active markets and MEXC 1213; 101 assets trade on both, 8 of them stocks, commodities or other real-world assets.
Does GMX or MEXC require KYC?
GMX: No ID. MEXC: KYC before trading since Feb 2026; unverified accounts see market data only.
Can you arbitrage funding between GMX and MEXC?
Not profitably right now: none of the 101 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, GMX or MEXC?
24-hour volume: GMX $68.6M, MEXC $16.47B. Open interest as each reports it: $48.7M and $13.03B. GMX reports open interest as the sum of its traders' longs and shorts; MEXC reports one side. For the same positions GMX's figure reads about twice as large. TVL: $203.8M and none published.