The difference in one sentence
MEXC is a zero maker fee and an enormous spot list. LBank is early listings and open futures data — but it serves its order book in a way that makes an honest comparison of its spot prices impossible.
Fees
MEXC charges 0.05% taker and zero maker. That is unusual: most venues charge 0.1% on both sides. For routes it changes the arithmetic entirely — a limit order can cover half the route for free.
LBank’s rates are ordinary, tenths of a percent, falling with volume and with LBK holdings. Exact figures sit in a help section rather than a machine-readable directory.
Why LBank is absent from our spot arbitrage
Comparing prices needs the best bid and best ask — the prices a trade would actually fill at. LBank serves its book one symbol per request: covering every pair would take over a thousand calls per refresh cycle.
That leaves the last-trade price, which it does serve as a list. But you cannot buy at a last trade: with a wide book it differs from the fillable price by a percent or more. Such "spreads" would look convincing and never fill, so LBank stays out of the spot tables. In funding, P2P and the crypto-rally section it is present like everyone else.
Early listings and what they cost
Both take coins before the large exchanges, and both pay for it the same way: in book depth. Alongside normal coins sit pairs whose daily turnover runs to a few thousand dollars, where one order moves the price by tens of percent.
One rule covers both: check the pair’s turnover before you count the spread.
P2P
LBank’s section is noticeably better developed than at most venues its size — around fifty currencies. MEXC’s is broad too. Both flow into our rate tables automatically, so compare them on live numbers rather than claims.
Who each suits
MEXC if you trade with limit orders and value a zero maker fee, and if you want its prices inside our spot routes. LBank if you hunt early listings of small coins or work with funding, where it publishes everything openly.
