BinanceVariational
Trading fees (base tier)
Spot maker0.1%—
Spot taker0.1%—
Futures maker0.02%0%
Futures taker0.05%0%
Markets (live)
Coins listed1,189565
Coins with perpetuals744565
Coins with spot pairs8120
24h volume$73.52B—
Coins only here505 coins trade on both68460
New listings (detected live)
Last 30 days8—
Last 90 days8—
Perpetuals listed on both
Cheaper on more coinsof 497 shared perps, by mid price110 coins378 coins
Average funding (24h)positive = longs pay shorts+0.017%+0.008%
Typical price gapmedian between the two venues0.084%0.084%
Safety and access
Proof of reservesYes · monthlyYes · real-time
Licenses2Abu Dhabi (ADGM) authorisation to operate (December 2025), Japan: re-entered via acquisition of Sakura Exchange (November 2022)None listed
Restricted regions7 regionsUnited States (served by separate Binance.US), Canada, Netherlands, United Kingdom (new sign-ups closed), European Union (no MiCA licence since July 2026)…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersNo official headquarters; operates through regional entities (e.g. Abu Dhabi, Japan)—
Exchange tokenBNBVAR
Incidents on record40
Binance or Variational?
Binance and Variational are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Binance lists 1,189 coins and Variational 565. 505 coins trade on both, 684 only on Binance and 60 only on Variational. In the last 30 days Binance added 8 new coins and Variational —.
On the 497 perpetual contracts listed on both exchanges, Binance was cheaper on 110 and Variational on 378, with a typical gap of 0.084%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.017% on Binance and +0.008% on Variational.
Fees above are base-tier rates before VIP levels and token discounts; Binance offers 2 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.