Head to head
the arrow points to the better figure| Paragon | MEXC | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $4.01 |
| — | BTC trade, $1M | $401 |
| — | BTC book depth | $294.4M |
| 0.009%/0.003% | ◀Taker / maker | 0.020%/0.000% |
| 20x | Max leverage▶ | 1000x |
| Size | ||
| $9.7M | Volume 24h▶ | $16.39B |
| $5.0M | Volume, 7-day average▶ | $11.58B |
| $15.1Mlongs + shorts | Open interest | $12.98Bone side |
| — | TVL | — |
| Markets | ||
| 33 | Markets▶ | 1213 |
| 32 | Stocks & RWA▶ | 469 |
| 1h | Funding paid every | 1h or 4h or 8h or 24h |
| — | BTC funding /8h | +0.0100% |
| — | BTC longs paid, 30d | +0.487% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | $MX |
| — | Airdrop | — |
Size
daily, last 90 daysVolume by asset class
last 90 daysOn both: 24
funding /8h · Net 7d at $10kOnly on MEXC: 1061
BTC · ETH · XAUT · XAU · SOL · XRP · XAG · ZEC · PEPE · HYPE · SUI · BZ · TAO · SKHYNIX · DOGE · NEAR · SP500 · BNB · CL · SPCX · ENA · WLD · LINK · AAPL · ONDO · INTC · LTC · ADA · NAS100 · RBLX · MU · CRCL · UNI · AVAX · BCH · SOXL · CAD · XPT · QQQ · GBP · HBAR · NVDA · GOOGL · SPY · ASTER · ARB · SNDK · PAXG · INJ · ANTHROPIC · QNT · XLM · FARTCOIN · XMR · AAVE · DOT · BEAT · SKHY · MSFT · CHF · and 1001 more
Questions
Which has more markets, Paragon or MEXC?
Paragon lists 33 active markets and MEXC 1213; 24 assets trade on both, 24 of them stocks, commodities or other real-world assets.
Does Paragon or MEXC require KYC?
Paragon: No ID, traded through Hyperliquid front ends; not for US persons or a long list of restricted countries, VPNs forbidden. MEXC: KYC before trading since Feb 2026; unverified accounts see market data only.
Can you arbitrage funding between Paragon and MEXC?
Yes: 3 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 IGV, long on MEXC and short on Paragon, with $39 left after costs.
Which is bigger, Paragon or MEXC?
24-hour volume: Paragon $9.7M, MEXC $16.39B. Open interest as each reports it: $15.1M and $12.98B. Paragon reports open interest as longs plus shorts, both sides of every position; MEXC reports one side. For the same positions Paragon's figure reads about twice as large.