Head to head
the arrow points to the better figure| QFEX | MEXC | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $4.12 |
| — | BTC trade, $1M | $491 |
| — | BTC book depth | $209.0M |
| 0.050%/0.020% | Taker / maker▶ | 0.020%/0.000% |
| 30x | Max leverage▶ | 1000x |
| Size | ||
| $540.2M | Volume 24h▶ | $16.21B |
| $400.0M | Volume, 7-day average▶ | $11.58B |
| $356.2Mlongs + shorts | Open interest | $12.97Bone side |
| — | TVL | — |
| Markets | ||
| 236 | Markets▶ | 1213 |
| 225 | Stocks & RWA▶ | 469 |
| 1h | Funding paid every | 1h or 4h or 8h or 24h |
| — | BTC funding /8h | +0.0100% |
| — | BTC longs paid, 30d | +0.479% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | $MX |
| — | Airdrop | — |
Size
daily, last 90 daysVolume by asset class
last 90 daysOn both: 137
funding /8h · Net 7d at $10kOnly on QFEX: 88
NIKKEI · IBIT · RSP · XLF · ICE · ABVX · DLR · TAIEX · BUG · EQIX · ZBRA · DUOL · RVMD · MXL · FXF · HUBS · NOC · BITU · XMTR · COPX · NCLD · LSCC · CVNA · ZROZ · HSAI · IMTX · ASST · GNRC · USDE · B · WPM · URANIUM · MTCH · DXYZ · CCJ · SECZ · NVTS · WULF · CGNX · WOLF · CHYM · ABSI · CRON · GRND · VCX · NBR · IBRX · ADEA · SBET · UUUU · MMED · DFTX · GD · SPCE · SKM · PSNL · QURE · RDCM · MITK · IOVA · and 28 more
Only on MEXC: 948
BTC · ETH · XAUT · SOL · XRP · ZEC · PEPE · HYPE · SUI · TAO · NEAR · DOGE · BNB · SKHYNIX · ENA · WLD · LINK · ONDO · LTC · ADA · RBLX · UNI · BCH · AVAX · CAD · XPT · GBP · SPY · HBAR · ASTER · ARB · PAXG · INJ · QNT · XLM · XMR · FARTCOIN · AAVE · DOT · BEAT · CHF · WIF · XPD · ZRO · PUMP · FET · QQQ · CAKE · JPY · POL · LUNC · TRB · MORPHO · VET · AKT · SUN · PENDLE · APT · XPL · KIOXIA · and 888 more
Questions
Which has more markets, QFEX or MEXC?
QFEX lists 236 active markets and MEXC 1213; 137 assets trade on both, 137 of them stocks, commodities or other real-world assets.
Does QFEX or MEXC require KYC?
QFEX: No KYC to trade; access is by invite code. MEXC: KYC before trading since Feb 2026; unverified accounts see market data only.
Can you arbitrage funding between QFEX and MEXC?
Yes: 6 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 CAT, long on MEXC and short on QFEX, with $233 left after costs.
Which is bigger, QFEX or MEXC?
24-hour volume: QFEX $540.2M, MEXC $16.21B. Open interest as each reports it: $356.2M and $12.97B. QFEX reports open interest as longs plus shorts, both sides of every position; MEXC reports one side. For the same positions QFEX's figure reads about twice as large.