You’ve heard about crypto futures trading, and MEXC keeps popping up as a popular exchange. But when you look at the fee schedule, those numbers — 0.02% maker, 0.06% taker — might seem small. Here’s the thing: fees can eat up 30% or more of your potential profits if you don’t understand how they work. This guide breaks down MEXC futures fees in plain English, so you can trade with your eyes open.
Key Takeaways
- MEXC charges 0.02% maker fees and 0.06% taker fees for futures trading — among the lowest in the industry.
- Your fee tier depends on your 30-day trading volume and MEXC token holdings, which can drop your rate by up to 50%.
- Funding rates and liquidation fees add hidden costs that many beginners miss, potentially adding 0.1% to 0.5% per trade.
What Are MEXC Futures Fees?
MEXC Futures fees are the costs you pay to open and close leveraged positions. Unlike spot trading where you just pay once, futures trading involves two transactions: opening a position and closing it. Each transaction has its own fee, so a round trip costs double the listed rate.
The base fee structure is simple. If you place a limit order that adds liquidity to the order book (a maker order), you pay 0.02% of the position value. If you use a market order that removes liquidity (a taker order), you pay 0.06%. For a $1,000 position, that’s $0.20 for maker trades and $0.60 for taker trades. Doesn’t sound like much, right? But if you’re scalping with 20 trades a day, those fees add up fast.
MEXC also charges a settlement fee when your perpetual contract expires, though that’s typically rolled into the daily funding rate. And there’s a liquidation fee if your position gets closed by the exchange — usually 0.5% of the position value, which can be a nasty surprise.
How Do MEXC Fee Tiers Work?
MEXC uses a tiered fee system based on two factors: your 30-day futures trading volume and how many MX tokens you hold in your account. The better your tier, the lower your fees. Here’s how it breaks down:
| VIP Tier | 30-Day Volume (USDT) | MX Holdings | Maker Fee | Taker Fee |
|---|---|---|---|---|
| VIP 0 | Below 1M | 0 | 0.02% | 0.06% |
| VIP 1 | 1M – 5M | 1,000 MX | 0.018% | 0.054% |
| VIP 2 | 5M – 20M | 10,000 MX | 0.016% | 0.048% |
| VIP 3 | 20M – 100M | 50,000 MX | 0.014% | 0.042% |
Most beginners start at VIP 0. But if you’re trading regularly, even holding 1,000 MX (roughly $100-200 depending on market price) can drop your taker fee by 10%. That’s $10 saved per $10,000 in taker trades — not huge, but it adds up over hundreds of trades.
To check your current tier, go to your MEXC account dashboard and look for the “VIP Level” section. The exchange recalculates your tier daily based on the previous 30 days of activity.
What Hidden Fees Should Beginners Watch For?
Beyond the basic maker/taker fees, MEXC futures have several costs that catch new traders off guard. Let’s break them down.
Funding Rates
Perpetual futures contracts use a funding rate mechanism to keep the contract price close to the spot price. Every 8 hours, long traders pay short traders (or vice versa) based on market conditions. Funding rates typically range from 0.01% to 0.1% per payment. If you hold a position for 3 days, you’ll pay 9 funding fees — that’s 0.09% to 0.9% extra on top of your trading fees.
During volatile markets, funding rates can spike. In May 2021, Bitcoin funding rates hit 0.2% per 8 hours during the bull run. That meant traders holding long positions for a week paid over 4% in funding alone. Always check the current funding rate before opening a leveraged position.
Liquidation Fees
If your position gets liquidated, MEXC charges a 0.5% liquidation fee. This is separate from the loss on your position. For example, if you have a $500 position with 10x leverage (so $5,000 in buying power), a liquidation costs $25 in fees — plus you lose your entire margin. That’s a painful double hit.
Withdrawal Fees
While not directly a futures fee, many beginners forget that getting money onto and off the exchange costs money. MEXC charges withdrawal fees based on the network — Ethereum withdrawals run about $2-5, while Solana withdrawals are under $0.01. If you’re moving funds between exchanges frequently, those costs eat into your bottom line.
For a deeper look at how fees impact overall trading costs, check out our guide on Sui Futures Stop Loss: Strategy vs Execution.
How Can Beginners Reduce MEXC Futures Fees?
You don’t have to accept the default fee structure. Here are practical ways to lower your costs.
- Use limit orders whenever possible. Market orders (taker) cost 3x more than limit orders (maker). If you’re not in a hurry, set a limit order and wait for it to fill. Over 100 trades, that’s the difference between $60 in fees and $20.
- Hold MX tokens. Even 1,000 MX gets you a small discount. If you’re trading $50,000 monthly, that discount saves you $15-30 per month.
- Trade during low funding rate periods. Funding rates tend to be lower during Asian trading hours (UTC 0-8) and higher during US hours (UTC 14-22). Check the funding rate history on MEXC’s futures page before opening a position.
- Use the fee calculator. MEXC has a built-in fee calculator in the futures trading interface. Before you hit “buy,” check what your total costs will be including funding rates.
And here’s a pro tip: If you’re testing strategies, use MEXC’s testnet first. It simulates real trading with zero fees. You can try Changelly Instant Exchange Review 2026 – Complete Guide 2026 without risking real money.
How Do MEXC Fees Compare to Other Exchanges?
MEXC is known for having some of the lowest fees in the industry. Binance charges 0.04% maker and 0.10% taker for standard users — about double MEXC’s rates. Bybit charges 0.01% maker and 0.06% taker, similar to MEXC but with a different tier structure. OKX falls in between at 0.02% maker and 0.08% taker.
But fees aren’t everything. MEXC has fewer trading pairs than Binance and lower liquidity on some altcoins. That means you might get worse prices (slippage) on large orders, which can offset the fee savings. For small trades under $1,000, MEXC’s fee advantage is real. For large trades over $10,000, you need to consider both fees and liquidity.
According to Investopedia’s guide to crypto futures, exchange fees are just one factor — slippage, leverage costs, and market depth matter more for active traders.
Frequently Asked Questions
Does MEXC charge fees for futures trading?
Yes. MEXC charges maker fees (0.02%) and taker fees (0.06%) for futures trading. You also pay funding rates every 8 hours and a 0.5% liquidation fee if your position gets closed.
How are MEXC futures fees calculated?
Fees are calculated as a percentage of your position’s total value, not just your margin. For a $1,000 position with 10x leverage, your position value is $10,000. A 0.06% taker fee costs $6.
Can I get zero fees on MEXC futures?
No. The lowest possible maker fee is 0.01% for VIP 5+ traders with high volume and large MX holdings. Zero-fee promotions exist for limited time periods, but they’re not permanent.
What is the MEXC futures fee for US users?
MEXC does not serve US users due to regulatory restrictions. If you’re in the US, you cannot legally open an account. Check local regulations before signing up.
Do MEXC futures fees apply to both opening and closing positions?
Yes. You pay a fee when you open a position and another fee when you close it. Both transactions are charged at the same rate based on your current VIP tier.
Key Risks to Consider
Fees are just one part of the risk equation. MEXC futures trading carries significant risk, especially for beginners. The leverage amplifies both gains and losses — a 10x leveraged position can lose 100% of your margin with a 10% price move in the wrong direction. That’s before fees.
Liquidation risk is real. If the market moves against you, MEXC will close your position automatically. The 0.5% liquidation fee adds insult to injury. And during high volatility, slippage can make your actual exit price worse than expected. A market order during a flash crash might fill at 5-10% below the current price.
Funding rate risk is another hidden danger. If you hold a position through a funding rate spike, you could pay 1-2% of your position value in just a few days. This content is for educational and informational purposes only and does not constitute financial advice. Always start with small positions and understand all costs before trading.
Sources & References
- Crypto Futures Explained – Investopedia
- What Are Perpetual Futures? – CoinDesk
- Futures Trading Investor Alert – SEC
- Learn more about 7 Solana Transfer Tips to Keep Your Crypto Safe in our complete guide.
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