Updated Rules checked 2026-10-17
How to start trading futures on MEXC: complete identity verification, transfer USDT from your spot account to your futures account, then set the position mode, margin mode and leverage on the futures page, and you can place orders on USDT-M perpetual futures. Neither MEXC’s official web tutorial nor its app tutorial for futures mentions having to pass a quiz or fill in a questionnaire first.
On cost, regular users pay USDT-M futures fees of 0% Maker and 0.02% Taker, calculated on position value, not on margin. Precisely because the Taker fee is only 0.02%, the funding fee can easily become the main cost: at 0.01% per settlement, once you hold a position for more than 2 days, funding exceeds the opening and closing fees, and nearly half of USDT perpetual contracts settle funding every 4 hours. Leverage varies by trading pair: BTC and ETH go up to 500x, while the cap that applies to the most pairs is 20x.
Leverage magnifies both profits and losses. If the price moves against you, your position may be forcibly liquidated and you lose all the margin you put in. This guide brings together the setup steps, cross vs isolated margin, position modes, worked examples of fees and funding, liquidation prices, and take-profit and stop-loss orders, each with an official MEXC source.
Key points
The process listed in MEXC’s official web and app futures tutorials (updated 2026-09-29) is to transfer USDT from your spot account to your futures account, then set the position mode, margin mode and leverage and place an order. They don’t mention a quiz or questionnaire.
MEXC’s standard USDT-M futures fees are 0% Maker and 0.02% Taker. Opening a 10x position with 1,000 USDT of margin and opening and closing it with Taker orders costs 4 USDT in total fees.
MEXC’s official futures API, read on 2026-10-17, listed 1,085 USDT perpetual contracts. Among crypto-based contracts, only BTC and ETH reached the maximum of 500x, and 631 trading pairs were capped at 20x.
The same official data showed 508 USDT perpetual contracts settling funding every 4 hours. Holding a 10,000 USDT position for 3 days at 0.01% per settlement costs 9 to 18 USDT in funding, more than the 4 USDT in opening and closing fees.
Tier 1 of the BTC contract has a maintenance margin rate of 0.1%. Under MEXC’s official isolated margin formula, a 500x position is liquidated after a move of about 0.1% against you.
The information below was checked against official pages on 2026-10-17 (data check date) and is provided for reference.
If you don’t have a MEXC account yet, sign up with the referral code mexc-KEVINWU and MEXC automatically refunds 20% of your net trading fees, paid directly by the exchange. This rate syncs with the exchange every day, and every change is recorded in the rebate rate report.
How do I enable futures trading on MEXC?
Check two things before you start. The first is identity verification: Why MEXC requires identity verification (2025-06-20) states that “users must complete identity verification to access the relevant products and services provided by MEXC”, and in the benefits table of the MEXC KYC FAQ, both Primary and Advanced KYC allow spot and futures trading. The steps are in the MEXC identity verification guide. The second is where you are: the MEXC User Agreement (the page says it was updated 2026-10-13) lists regions where MEXC does not provide services, including North Korea, Cuba, Sudan, Iran, mainland China, Singapore, Malaysia, the United States, the United Kingdom, Hong Kong, Kazakhstan, Canada and the Russian-controlled regions of Ukraine. If you misrepresent your location, MEXC can terminate your account and close your positions. A comparison across exchanges is in exchange restricted countries.
Steps on the website
- Log in to the MEXC website, click “Futures” in the top navigation bar, choose “USDT-M Perpetual Futures”, then switch to the trading pair you want, such as BTC/USDT.
- In the order panel, click “Transfer”, set the direction from “Spot Account” to “Futures Account”, choose USDT, enter the amount and click “Transfer Now”. MEXC’s tutorials (updated 2026-09-29) don’t mention a transfer fee.
- Click the settings icon (⚙️) at the top right to open “Preferences”, and under “Trading Settings” choose a “Position Mode” (Hedge Mode or One-Way Mode).
- In the order panel, click “Isolated” or “Cross” to choose the margin mode, then click the number next to it to set the leverage.
- Choose an order type (limit, market, trigger order and so on), enter the price and quantity, and click “Open Long” or “Open Short”.
- Unfilled orders appear under “Open Orders” and filled positions under “Open Positions”, which shows the average entry price, unrealized PNL and estimated liquidation price.
Steps in the app
- Tap “Assets” at the bottom, choose “Transfer”, transfer from your spot account to your futures account, select USDT, enter the amount and tap “Transfer”.
- Tap “Futures” on the home page to open the trading page, then tap “…” at the top right → “Preferences” → “Position Mode” and choose Hedge Mode or One-Way Mode.
- Tap “Isolated” or “Cross” on the trading page to switch the margin mode, then tap the number next to it to set the leverage and tap “Confirm”.
- Choose an order type, enter the price and quantity, and tap “Open Long” or “Open Short”.
- Under “Open Positions”, you can close a position manually, use “Flash Close”, or add take-profit and stop-loss orders.
The steps are based on How to trade futures on MEXC Web, How to trade futures on the MEXC App (both updated 2026-09-29) and the MEXC web futures trading tutorial (2026-09-21).
If you want to practice first, you can use futures demo trading. On the website, choose “Futures Demo Trading” under “Futures” and claim demo funds at the bottom right of the page; in the app, tap “…” at the top right of the futures page to find the “Demo Trading” entry. MEXC states that all demo trades are trial trades that produce no real profit or loss, and that funding fees and the liquidation mechanism work the same as in live trading (MEXC futures demo trading guide, 2026-09-22).
Cross vs isolated margin: what’s the difference, and which should you choose?
| Item | Isolated | Cross |
|---|---|---|
| How margin is allocated | Each position’s margin is calculated separately | The entire available balance in the same settlement currency is used as margin |
| Maximum loss on liquidation | That position’s margin | MEXC states you lose all assets in the corresponding currency |
| When more margin is needed | Not added automatically; you add it manually (or turn on auto-add margin) | Supported automatically by the account balance |
| When one position takes a big loss | Other positions are not affected | Other cross positions may be liquidated along with it |
| Multi-Asset Margin | Not supported | Cross only |
The definitions follow MEXC’s official web and app futures tutorials and the MEXC margin calculation guide (2026-02-25). The example in the app tutorial: you have 1,000 USDT in your futures account and use only 200 USDT as initial margin to open a BTC long. If it is liquidated in isolated mode, you lose only those 200 USDT; if the same order is in cross mode, liquidation costs you all the USDT in the account. In other words, cross margin puts the liquidation price further away, but when liquidation does happen, you lose the whole account. Which one to choose depends on how much money you are willing to put at risk on this position.
Changing the margin mode does not apply to contracts that already have open positions or open orders. There is also “Multi-Asset Margin”, which converts several coins into their USD value and uses them together as margin. It supports cross mode only, and on liquidation you may lose collateral in several currencies.
One-way or hedge mode: which should you choose?
Hedge mode lets you hold a long and a short on the same trading pair at the same time; one-way mode allows only one direction. The example in the MEXC web tutorial: you open a 5 BTC long, then a 3 BTC short. In hedge mode, you end up with two positions, a 5 BTC long and a 3 BTC short. In one-way mode, the short first offsets the long, leaving only a 2 BTC long.
- Switching restrictions: you can’t change the position mode while any contract still has open positions or open orders, and the change applies to all contracts at once.
- Leverage mode: MEXC also has a “Simple Mode” and an “Advanced Mode”. In Simple Mode, longs and shorts use the same leverage and margin mode; in Advanced Mode you can set them separately, for example 25x isolated on longs and 20x cross on shorts. Here too, you can switch only when you have no open positions or open orders.
How do I set leverage, and what is the maximum?
Leverage is set with the number next to the margin mode in the order panel. The cap differs from pair to pair. On 2026-10-17 I read MEXC’s official contract information API and grouped the 1,085 USDT-settled perpetual contracts by maximum leverage:
| Maximum leverage | Number of trading pairs | Examples |
|---|---|---|
| 1,000x | 3 | XAU, XAUT (gold), SILVER (silver) |
| 500x | 2 | BTC_USDT, ETH_USDT |
| 300x | 16 | SOL, XRP, DOGE, LINK and others |
| 200x | 49 | — |
| 100x–150x | 131 | — |
| 50x–75x | 225 | — |
| 25x | 25 | — |
| 20x | 631 | — |
| 10x | 3 | — |
High leverage applies to only a few trading pairs: 58% of USDT perpetual contracts (631 of them) are capped at 20x. This is public data read without logging in; the leverage you can actually use is whatever the leverage setting on the futures page shows.
The larger the position, the lower the leverage you can use. MEXC’s risk limit explanation (2026-09-09) states that MEXC uses tiered margin to control risk: the higher the leverage, the smaller the maximum position you can open, and the maintenance margin rate depends on position size and is not affected by leverage. On the website, go to “Risk Limit” on the futures page and choose “View all futures risk limits”; in the app, go to “…” on the futures page → “Contract Info” → “Risk Limit”. Here are the BTC_USDT tiers from the same API (each contract is 0.0001 BTC; converted to BTC for readability):
| Tier | Position limit (BTC) | Maximum leverage | Maintenance margin rate |
|---|---|---|---|
| 1 | 12 | 500x | 0.1% |
| 2 | 31 | 200x | 0.4% |
| 3 | 48 | 100x | 0.5% |
| 4 | 280 | 50x | 1% |
| 5 | 1,750 | 20x | 2% |
| 6 | 1,900 | 10x | 5% |
At a BTC price of 80,000 USDT, tier 1 works out to a position of roughly 960,000 USDT. Altcoins are different: on the same day, SOL_USDT tier 1 allowed up to 300x with a maintenance margin rate of 0.23%, and by tier 3 the cap had already dropped to 20x. MEXC also states that it may adjust these tiers in extreme market conditions.
How are futures fees calculated?
The formula in the MEXC futures calculation guide (2026-02-25) is: fee = average fill price × number of contracts × contract size × fee rate, in other words position value × fee rate, charged once when you open and once when you close. The MEXC futures trading FAQ gives the rates as 0% Maker and 0.02% Taker. Rates are set separately for each trading pair. In the official API on 2026-10-17, the fee rates of the 1,085 USDT perpetual contracts were distributed as follows:
| Maker / Taker | Number of trading pairs | 10,000 USDT, Taker open + close |
|---|---|---|
| 0% / 0.02% | 896 | 4 USDT |
| 0% / 0% | 103 | 0 |
| 0.01% / 0.04% | 62 | 8 USDT |
| 0.04% / 0.1% | 20 | 20 USDT |
| 0% / 0.01% | 4 | 2 USDT |
There is one exception for users in Taiwan. MEXC’s announcement on futures fee rates for new users (2026-06-04) states that new users in Chinese-speaking regions and Malaysia who complete Advanced KYC get a zero-fee trading allowance on BTC, ETH and GOLD futures of up to 3 million USD in total. Once it is used up, the standard BTC and ETH rates for users in Taiwan are 0% Maker and 0.02% Taker, and MEXC reserves the right to change or end the offer at any time. Separately, if you turn on the MX deduction and transfer MX into your futures account, you get 20% off fees (MEXC MX fee discount announcement, 2026-02-04); the 50% discount for holding 500 MX is currently suspended.
Worked example assumptions: 1,000 USDT of margin at 10x, a position value of 10,000 USDT, a funding rate of +0.01% per settlement, held for 3 days. When MEXC’s official funding rate API was read on 2026-10-17, BTC_USDT’s rate was 0.0072%, settled every 8 hours, with a cap and floor of ±0.18%.
| Item | Calculation | Amount (USDT) |
|---|---|---|
| Opening fee (Taker) | 10,000 × 0.02% | 2 |
| Closing fee (Taker) | 10,000 × 0.02% | 2 |
| Maker for both opening and closing | 10,000 × 0% × 2 | 0 |
| Taker in and out, MX deduction on | 4 × 0.8 | 3.2 |
| Funding, settled every 8 hours, 3 days | 10,000 × 0.01% × 9 settlements | 9 |
| Funding, settled every 4 hours, 3 days | 10,000 × 0.01% × 18 settlements | 18 |
| Taker in and out + 8-hour contract | 4 + 9 | 13 (1.3% of margin) |
| Taker in and out + 4-hour contract | 4 + 18 | 22 (2.2% of margin) |
The line to watch in this table is funding: after 3 days, funding comes to 2 to 4 times the trading fees. MEXC’s funding rate explanation (2026-06-01) states that when the rate is positive, longs pay shorts, and when it is negative, the reverse; the platform does not collect it. Funding is usually settled every 8 hours (UTC 00:00, 08:00, 16:00), and if you close before settlement you don’t pay. But batch processing can be delayed by up to about 15 seconds, so a position opened just after the settlement time may still be included in that settlement. Official data on 2026-10-17 showed that of the 1,085 USDT perpetual contracts, 572 settle every 8 hours, 508 every 4 hours, 4 every hour and 1 every 24 hours. The futures page shows the rate “per settlement”: at the same 0.01%, a contract that settles every 4 hours charges it 6 times a day. At BTC’s cap of 0.18%, a 10,000 USDT position pays 18 USDT in a single settlement.
Comparing VIP 0 futures fees across several large exchanges, MEXC has the lowest Taker fee, and the gap is most noticeable for people who often use market orders:
| Exchange | Futures Maker | Futures Taker | 10,000 USDT, Taker in and out | Rebate channel |
|---|---|---|---|---|
| MEXC | 0% | 0.02% | 4 USDT | Automatic exchange rebate, see MEXC referral code |
| Binance | 0.02% | 0.05% | 10 USDT | Automatic exchange rebate, see Binance referral code |
| OKX | 0.02% | 0.05% | 10 USDT | Automatic exchange rebate, see OKX referral code |
| Bybit | 0.02% | 0.055% | 11 USDT | Fee Otter, see Bybit fee rebate |
| Bitget | 0.02% | 0.06% | 12 USDT | Automatic exchange rebate, see Bitget referral code |
Sources: MEXC futures calculation guide, Binance fee page, OKX fee page, Bybit trading fee structure, Bitget trading fee FAQ. How to get started on the other four exchanges is covered in the Binance futures guide, OKX futures guide, Bybit futures guide and Bitget futures guide.
How does the referral rebate apply to futures?
MEXC’s referral rules (2025-09-12) state that rebates are calculated on net trading fees (net fees = fees − bonuses − discounts and so on), and futures rebates are paid at 09:00 (UTC+8) the day after the trade. Fees paid with futures bonuses, deposit and withdrawal fees, and fees from abnormal trading don’t count toward rebates. The MEXC affiliate FAQ (2026-07-20) also states that zero-fee trading pairs generate no commission, and trades placed through the API no longer count toward rebates. The share that affiliates pass on to invitees arrives before 9:00 (UTC+8) each day, according to the MEXC commission-sharing announcement, with the spot and futures percentages set separately.
Applied to MEXC’s fees: Maker orders are fee-free, so there is nothing to refund, and rebates appear only on Taker orders. BTC and ETH futures traded within the new-user zero-fee allowance likewise earn no rebate. Funding is paid between longs and shorts and is not a fee charged by MEXC, so it doesn’t generate a rebate either.
| Monthly volume | Fees (0.02%) | Auto rebate (20%) | Net fees |
|---|---|---|---|
| 20,000 USDT | 4 USDT | 0.8 USDT | 3.2 USDT |
| 300,000 USDT | 60 USDT | 12 USDT | 48 USDT |
| 1,000,000 USDT | 200 USDT | 40 USDT | 160 USDT |
Example at a futures fee rate of 0.02% and the current 20% automatic rebate (rate updated 2026-10-24). Your exchange statement prevails.
The first amount above, 20,000 USDT, is the traded volume of opening and closing the 10,000 USDT position from the worked example. Other exchanges’ rules vary; for example, the Binance Referral Pro FAQ states that USDT-M futures rebates apply only to regular users and VIP 1–2. Bybit has no automatic exchange rebate on this site; its rebate channel is Fee Otter. The extra rebate is paid by Fee Otter, not by the exchange and not by Kevin Wu, and the rate is whatever Fee Otter’s page shows at the time. For the steps, see Bybit fee rebate.

How is the liquidation price calculated?
MEXC triggers liquidation with the “Fair Price” (mark price), not the last traded price. The MEXC futures liquidation FAQ (2026-02-11) states: margin ratio = (maintenance margin + liquidation fee) ÷ (position margin + unrealized PNL), and the position is forcibly liquidated when it reaches 100%. MEXC’s official formula for the isolated liquidation price is as follows (to keep the explanation simple, the official example ignores the liquidation fee):
- Long: liquidation price = (maintenance margin − position margin + average entry price × quantity × contract size) ÷ (quantity × contract size)
- Short: liquidation price = (average entry price × quantity × contract size − maintenance margin + position margin) ÷ (quantity × contract size)
Maintenance margin = average entry price × quantity × contract size × maintenance margin rate, so the formula simplifies to: long liquidation price = entry price × (1 + maintenance margin rate − 1 ÷ leverage). The table below uses a BTC entry price of 80,000 USDT (an assumption for easy calculation), 1,000 USDT of margin and the BTC_USDT tier 1 maintenance margin rate of 0.1%. All positions are within tier 1’s 12 BTC:
| Leverage | Position value (USDT) | Long liquidation price | Drop that triggers liquidation | Short liquidation price | Rise that triggers liquidation |
|---|---|---|---|---|---|
| 2x | 2,000 | 40,080 | 49.9% | 119,920 | 49.9% |
| 5x | 5,000 | 64,080 | 19.9% | 95,920 | 19.9% |
| 10x | 10,000 | 72,080 | 9.9% | 87,920 | 9.9% |
| 20x | 20,000 | 76,080 | 4.9% | 83,920 | 4.9% |
| 50x | 50,000 | 78,480 | 1.9% | 81,520 | 1.9% |
| 100x | 100,000 | 79,280 | 0.9% | 80,720 | 0.9% |
| 200x | 200,000 | 79,680 | 0.4% | 80,320 | 0.4% |
| 500x | 500,000 | 79,920 | 0.1% | 80,080 | 0.1% |
For mental math, use “1 ÷ leverage − maintenance margin rate”: at 10x that is 10% − 0.1% = 9.9%. The official formula leaves out the liquidation fee, so the actual liquidation price sits a little closer to the entry price, and funding fees and manually adjusted margin also move it. For cross margin, you also have to include the account balance and the profit and loss of your other positions. To plug in your own numbers, use the liquidation price calculator.
Once liquidation is triggered, according to the same FAQ, open orders are canceled first, and in cross mode long and short positions in the same contract are matched against each other to reduce the position. Positions in tier 2 or above are liquidated in steps down the tiers, and whatever remains is taken over by the liquidation engine at the bankruptcy price. This part doesn’t go through the matching system, so the bankruptcy price doesn’t appear on the candlestick chart. If the position can be closed at a better price than the bankruptcy price, the remaining margin goes into the insurance fund. Losses beyond the margin are covered by the insurance fund, and only when the insurance fund is insufficient does auto-deleveraging (ADL) come in.
The MEXC insurance fund FAQ (2026-10-06) states that losses beyond a position’s margin are covered by the insurance fund and “users do not need to bear any additional debt”; you can check the balance on the website under “Futures” → “Contract Info” → “Insurance Fund Account”. The MEXC auto-deleveraging FAQ (2026-09-09) explains that ADL first targets counterparties with high leverage and high profits, reducing their positions directly at the bankruptcy price; the more bars lit on the ADL indicator, the higher the priority.
How do I set take-profit and stop-loss?
The MEXC take-profit and stop-loss FAQ (2026-10-08) lists two ways to do it, the same on the website and in the app:
- When opening a position: after choosing an order type and entering the price and quantity, check “TP/SL” → click “Advanced” → set a limit or market take-profit and stop-loss → confirm and open the position.
- On an open position: find the position under “Open Positions” and click “Add” next to TP/SL. You can set it for the “Entire Position” (the quantity adjusts as you add to or reduce the position, and the trigger price stays the same), or for a “Partial Position” to take profit in stages.
- Limit or market: a limit take-profit or stop-loss specifies the fill price, but may not fill if the price jumps past it; a market one is almost certain to fill, but may suffer slippage.
- Execution is not guaranteed: MEXC states that take-profit and stop-loss orders are “not 100% guaranteed to execute”. They can fail if a limit price is skipped, liquidity is insufficient, the margin isn’t enough to pay the fee, or the contract is suspended from trading. Once triggered, they are always charged the normal trading fee.
- Reset after adding to a position: adding to a position changes the average entry price, but trigger prices you’ve already set don’t move with it.
Your stop-loss has to sit before the liquidation price, or the position will be liquidated first. Take the 10x long in the table above: the liquidation price is 72,080, so the stop-loss must be set above that price to have a chance of triggering first. If you’re worried about being wicked out, MEXC suggests triggering on the Fair Price instead of the last price. MEXC also offers a paid “Guaranteed Stop-Loss” (GSL), which guarantees execution at the trigger price, but it is available only on some trading pairs, can be triggered only by the last price, and charges a separate guaranteed stop-loss fee when filled (MEXC guaranteed stop-loss explanation, 2026-09-09). In the futures preferences you can also turn on “Liquidation Alert” notifications, which alert you when the margin ratio reaches a value you set, at most once every 30 minutes per position.
The most common beginner mistakes
- Thinking fees are charged on margin: fees are charged on position value. Open 20x with 1,000 USDT, and Taker in and out costs 20,000 × 0.02% × 2 = 8 USDT, which is 0.8% of your margin.
- Looking only at trading fees and ignoring funding: after a few days, funding is the bigger cost, and 508 USDT perpetual contracts settle every 4 hours.
- Pressing “Open Short” in hedge mode to close a long: in hedge mode this opens a separate short and does not close the original long. To close it, use “Close”, or switch to one-way mode.
- Using cross margin without knowing it affects the whole account: MEXC states that when a cross position is liquidated, you lose all assets in the corresponding currency, not just the amount you put in when opening.
- Treating the maximum leverage as usable leverage: at 500x on BTC, a move of about 0.1% against you gets you liquidated.
- Assuming zero-fee trades also earn rebates: rebates are based on the fees you actually pay, so Maker orders, zero-fee contracts and trades within the new-user zero-fee allowance earn no rebate.
What are the risks of MEXC futures?
Futures are not a principal-protected product. These are the risks stated on MEXC’s official pages:
- Losing all your margin: when an isolated position is liquidated, you lose that position’s margin; when a cross position is liquidated, you lose all assets in the corresponding currency; with Multi-Asset Margin, you may lose collateral in several currencies (MEXC web and app futures tutorials).
- Losing most of it before liquidation: the maintenance margin and liquidation fee are “locked” first. MEXC’s example: with a 1% maintenance margin rate and 100 USDT of margin, the position is liquidated once the loss reaches 99 USDT. If any margin remains after the liquidation engine takes over, it goes into the insurance fund (futures liquidation FAQ).
- Auto-deleveraging: in extreme markets, when the insurance fund is insufficient, profitable counterparty positions may be forcibly closed.
- Take-profit and stop-loss orders are not guaranteed to fill: in violent markets or when liquidity is thin, they may fail or slip.
- The rules change: maximum leverage, tiers, maintenance margin rates, fee rates and funding settlement frequency may all be adjusted.
You should also weigh the risks of the exchange itself. MEXC’s proof of reserves and past incidents are covered in the MEXC review, the exchange proof of reserves comparison and the exchange safety record.
FAQ
Do I have to pass a quiz to enable MEXC futures?
The official MEXC futures tutorials I found don’t say you need to pass a quiz or fill in a questionnaire. The process they list is to complete identity verification, transfer funds to your futures account, then set the modes and leverage and place an order. If your account shows an extra confirmation or questionnaire, follow what the screen asks for.
Do I have to complete identity verification for MEXC futures?
Yes. MEXC officially states that you must complete identity verification to use its services, and both Primary and Advanced KYC can trade futures. The zero-fee allowance on BTC and ETH futures for new users in Chinese-speaking regions requires Advanced KYC. The steps are in the MEXC identity verification guide.
What is the minimum amount for MEXC futures?
The minimum order size for BTC_USDT is 1 contract, or 0.0001 BTC. At a price of about 81,565 USDT on 2026-10-17, that is a position value of roughly 8.2 USDT. This is the floor for position value, not margin: at 10x, less than 1 USDT of margin is enough for the minimum order, but fees and the distance to liquidation are still calculated on the position.
What are MEXC’s futures fees?
Regular users pay 0% Maker and 0.02% Taker on USDT-M futures, charged on position value, once when opening and once when closing. Some small-cap contracts charge 0.01% / 0.04% or more, and there are also 103 zero-fee contracts; turning on the MX deduction gives 20% off. Full rates are in MEXC fees.
What is MEXC’s maximum leverage?
Crypto contracts go up to 500x, and only BTC_USDT and ETH_USDT do; gold and silver contracts reach 1,000x. In the official API on 2026-10-17, 631 USDT perpetual contracts were capped at 20x, and once a BTC position exceeds 12 BTC, the maximum leverage drops to 200x.
How often is the MEXC funding rate charged?
MEXC says it’s usually every 8 hours (UTC 00:00, 08:00, 16:00), but it varies by contract: on 2026-10-17, 508 USDT perpetual contracts settled every 4 hours. If you close before settlement, you don’t pay; go by the countdown on the futures page for the settlement time. How it works, compared across exchanges, is in what is the funding rate.
Can I end up owing money after a MEXC liquidation?
Not according to MEXC. The MEXC insurance fund FAQ states that losses beyond a position’s margin are covered by the insurance fund, users don’t have to bear any additional debt, and the maximum loss is limited to your margin. But in cross mode, “margin” means the entire available balance in the corresponding currency, and any margin left after liquidation is not returned to you.
Do MEXC futures trades earn rebates?
Yes, but only on Taker orders that pay a fee. Rebates are calculated on net fees, and the futures portion is paid at 09:00 (UTC+8) the day after the trade; Maker orders, zero-fee contracts, API orders and funding fees earn no rebate. The referral code should be entered at sign-up; you can add one within 30 days of registering, and once bound it can’t be changed. See the MEXC referral switch guide for how, and how to check whether your referral code is bound to check your binding status.
The full method for calculating futures fees and funding is in how futures fees are calculated, and you can run your own position through the perpetual futures cost calculator. MEXC’s fees, identity verification and overall review are in MEXC fees, the MEXC identity verification guide and the MEXC review; for comparisons with other exchanges, see OKX vs MEXC, Bitget vs MEXC and MEXC vs Gate. The referral code and how to sign up are in MEXC referral code, and every exchange’s referral code is collected in the crypto exchange referral codes roundup.
