Kalshi vs MEXC
MEXC traded 12× Kalshi's 24-hour volume ($16.39B vs $1.34B) and holds 147× its open interest.
Head to head
the arrow points to the better figure| Kalshi | MEXC | |
|---|---|---|
| Trading | ||
| $12.26 | BTC trade, $10k▶ | $4.01 |
| $1,717 | BTC trade, $1M▶ | $401 |
| $5.9M | BTC book depth▶ | $294.4M |
| 0.040%/0.020% | Taker / maker▶ | 0.020%/0.000% |
| 15x | Max leverage▶ | 1000x |
| Size | ||
| $1.34B | Volume 24h▶ | $16.39B |
| $1.06B | Volume, 7-day average▶ | $11.58B |
| $88.0M | Open interest▶ | $12.98B |
| — | TVL | — |
| Markets | ||
| 71 | Markets▶ | 1213 |
| 67 | Stocks & RWA▶ | 469 |
| 8h or 24h | Funding paid every | 1h or 4h or 8h or 24h |
| +0.0297% | BTC funding /8h | +0.0100% |
| +1.464% | BTC longs paid, 30d | +0.487% |
| Access | ||
| Required | KYC | Required |
| none yet | Token | $MX |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | Kalshi | MEXC |
|---|---|---|
| $1k | $0.878.7 bp | $0.404.0 bp |
| $10k | $12.2612.3 bp | $4.014.0 bp |
| $100k | $14314.3 bp | $40.144.0 bp |
| $1M | $1,71717.2 bp | $4014.0 bp |
| $5M | $17,48835.0 bp | $2,0644.1 bp |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 77
funding /8h · Net 7d at $10k| Asset | Kalshi | MEXC | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0297% | +0.0100% | +0.0197% | −$16 |
| ETH | +0.0171% | +0.0100% | +0.0071% | −$20 |
| SOL | 0.0000% | +0.0078% | +0.0078% | +$6 |
| HYPE | 0.0000% | +0.0100% | +0.0100% | −$33 |
| XRP | +0.0336% | +0.0100% | +0.0236% | +$5 |
| ZEC | −0.0236% | +0.0100% | +0.0336% | −$1 |
| NEAR | +0.0175% | +0.0100% | +0.0075% | −$68 |
| BCH | 0.0000% | +0.0100% | +0.0100% | −$9 |
| BNB | +0.0398% | +0.0145% | +0.0253% | −$20 |
| SUI | 0.0000% | +0.0030% | +0.0030% | −$20 |
| DOGE | 0.0000% | +0.0100% | +0.0100% | −$13 |
| LINK | +0.0225% | +0.0100% | +0.0125% | +$131 |
| LTC | −0.0220% | +0.0100% | +0.0320% | −$11 |
| WLD | −0.0110% | −0.0439% | +0.0329% | −$28 |
| ADA | 0.0000% | +0.0076% | +0.0076% | +$14 |
| UNI | 0.0000% | +0.0100% | +0.0100% | −$140 |
| AAVE | 0.0000% | +0.0100% | +0.0100% | −$11 |
| SHIB | −0.0143% | +0.0098% | +0.0241% | +$2 |
| VVV | 0.0000% | −0.0266% | +0.0266% | −$63 |
Only on MEXC: 1008
XAUT · PEPE · BZ · TAO · SKHYNIX · SP500 · CL · ENA · ONDO · NAS100 · RBLX · CRCL · AVAX · SOXL · CAD · GBP · HBAR · ASTER · ARB · PAXG · INJ · ANTHROPIC · QNT · XLM · FARTCOIN · XMR · DOT · BEAT · SKHY · CHF · WIF · ZRO · FET · CAKE · PUMP · JPY · POL · MSTR · LUNC · TRB · SOXS · MORPHO · VET · AKT · COIN · SUN · PENDLE · APT · NBIS · XPL · KIOXIA · TRUMP · USDC · KORU · WDC · SNXX · KAS · IDOL · ICP · ALGO · and 948 more
Questions
Is Kalshi or MEXC cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $12.26 on Kalshi and $4.01 on MEXC right now, taker fee and order-book slippage together, so MEXC is cheaper. Taker fees: 0.04% and 0.02%.
Which has more markets, Kalshi or MEXC?
Kalshi lists 71 active markets and MEXC 1213; 77 assets trade on both, 58 of them stocks, commodities or other real-world assets.
Does Kalshi or MEXC require KYC?
Kalshi: A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade. MEXC: KYC before trading since Feb 2026; unverified accounts see market data only.
Can you arbitrage funding between Kalshi and MEXC?
Yes: 7 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was LINK, long on MEXC and short on Kalshi, with $131 left after costs.
Which is bigger, Kalshi or MEXC?
24-hour volume: Kalshi $1.34B, MEXC $16.39B. Open interest as each reports it: $88.0M and $12.98B.