Phoenix vs MEXC
MEXC traded 444× Phoenix's 24-hour volume ($16.47B vs $37.1M) and holds 641× its open interest.
Head to head
the arrow points to the better figure| Phoenix | MEXC | |
|---|---|---|
| Trading | ||
| $8.30 | BTC trade, $10k▶ | $4.01 |
| $2,255 | BTC trade, $1M▶ | $472 |
| $4.5M | BTC book depth▶ | $203.6M |
| 0.035%/0.005% | Taker / maker▶ | 0.020%/0.000% |
| 40x | Max leverage▶ | 1000x |
| Size | ||
| $37.1M | Volume 24h▶ | $16.47B |
| $50.8M | Volume, 7-day average▶ | $11.58B |
| $20.3M | Open interest▶ | $13.03B |
| — | TVL | — |
| Markets | ||
| 104 | Markets▶ | 1213 |
| 50 | Stocks & RWA▶ | 469 |
| 1h | Funding paid every | 1h or 4h or 8h or 24h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +1.354% | BTC longs paid, 30d | +0.487% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | $MX |
| — | Airdrop | — |
Cost to trade BTC
| Size | Phoenix | MEXC |
|---|---|---|
| $1k | $0.727.2 bp | $0.404.0 bp |
| $10k | $8.308.3 bp | $4.014.0 bp |
| $100k | $13013.0 bp | $41.794.2 bp |
| $1M | $2,25522.6 bp | $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: 100
funding /8h · Net 7d at $10k| Asset | Phoenix | MEXC | Spread | Net 7d |
|---|---|---|---|---|
| SOL | +0.0053% | +0.0075% | +0.0023% | −$20 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$15 |
| BTC | +0.0100% | +0.0100% | 0.0000% | −$19 |
| NEAR | +0.0099% | +0.0100% | +0.0001% | −$61 |
| ETH | +0.0099% | +0.0100% | +0.0001% | −$19 |
| HYPE | +0.0102% | +0.0100% | +0.0002% | −$1 |
| LIT | −0.0552% | −0.0042% | +0.0514% | −$61 |
| BNB | +0.0100% | +0.0142% | +0.0042% | −$11 |
| PUMP | +0.0101% | +0.0058% | +0.0043% | −$23 |
| CHIP | 0.0000% | +0.0100% | +0.0100% | −$78 |
| XPL | −0.0546% | +0.0100% | +0.0646% | −$39 |
| RENDER | −0.0161% | +0.0100% | +0.0261% | — |
| ZRO | −0.0246% | +0.0100% | +0.0346% | — |
| BONK | −0.0029% | +0.0100% | +0.0129% | — |
| MON | −0.0955% | −0.0158% | +0.0787% | — |
| PEPE | +0.0102% | +0.0100% | — | — |
| XRP | 0.0000% | +0.0100% | — | — |
| SHIB | −0.0197% | +0.0093% | — | — |
| VVV | 0.0000% | −0.0222% | +0.0238% | −$19 |
| MEGA | 0.0000% | +0.0100% | — | — |
Only on MEXC: 985
XAUT · BZ · SP500 · SKHYNIX · NAS100 · RBLX · BCH · SOXL · XPT · CAD · GBP · HBAR · ASTER · PAXG · INJ · QNT · XMR · DOT · BEAT · CHF · WIF · XPD · CAKE · JPY · SOXS · LUNC · POL · TRB · COST · VET · AKT · BRKB · SUN · PENDLE · APT · KIOXIA · KORU · TRUMP · USDC · MA · WDC · SNXX · IDOL · KAS · ICP · BAT · ALGO · TRY · BLESS · TIA · HNT · INTW · MAGMA · MUU · FF · TWT · CT · SIGN · DASH · OP · and 925 more
Questions
Is Phoenix or MEXC cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.30 on Phoenix and $4.01 on MEXC right now, taker fee and order-book slippage together, so MEXC is cheaper. Taker fees: 0.035% and 0.02%.
Which has more markets, Phoenix or MEXC?
Phoenix lists 104 active markets and MEXC 1213; 100 assets trade on both, 50 of them stocks, commodities or other real-world assets.
Does Phoenix or MEXC require KYC?
Phoenix: No ID; not available in the US or sanctioned countries. MEXC: KYC before trading since Feb 2026; unverified accounts see market data only.
Can you arbitrage funding between Phoenix and MEXC?
Yes: 2 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 XAG, long on MEXC and short on Phoenix, with $2 left after costs.
Which is bigger, Phoenix or MEXC?
24-hour volume: Phoenix $37.1M, MEXC $16.47B. Open interest as each reports it: $20.3M and $13.03B.