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Gate vs Variational

Fees, coins, new listings, perp prices and safety of Gate and Variational, side by side.

Gate logo

Gate

Centralized exchange · since 2013

Global centralized exchange operating since 2013 (formerly Gate.io), offering spot, derivatives, options and a large altcoin selection.

New users: Welcome rewards up to 135 USDT for new users

Claim on Gate ↗
Variational logo

Variational

Perp DEX · since 2021

Peer-to-peer RFQ derivatives protocol on Arbitrum; its Omni app offers zero-fee perpetuals on 500+ crypto and traditional markets.

New users: Weekly points toward the VAR genesis airdrop, plus loss refunds

Claim on Variational ↗
GateVariational
Trading fees (base tier)
Spot maker——
Spot taker0.1%—
Futures maker0.02%0%
Futures taker0.05%0%
Markets (live)
Coins listed2,556565
Coins with perpetuals1,028565
Coins with spot pairs2,0530
24h volume$17.56B—
Coins only here515 coins trade on both2,04150
New listings (detected live)
Last 30 days4—
Last 90 days4—
Perpetuals listed on both
Cheaper on more coinsof 499 shared perps, by mid price202 coins287 coins
Average funding (24h)positive = longs pay shorts+0.002%-0.000%
Typical price gapmedian between the two venues0.082%0.082%
Safety and access
Proof of reservesYes · periodic reports (several per year) · Hacken (audit dated 2024-01-03, as shown on the PoR page)Yes · real-time
Licenses5Malta: Crypto-asset service provider (MiCA) and financial institution licences, MFSA (Gate Technology Ltd), Dubai: Virtual Asset Service Provider licence, VARA (Gate Technology FZE), Bahamas: Digital asset business registration, SCB (Gate Global Limited)None listed
Restricted regions18 regionsUnited States, Mainland China, Canada, United Kingdom, Japan…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersNo single official HQ disclosed; group entities licensed or registered in Malta, Dubai, the Bahamas, Australia, the US and other jurisdictions—
Exchange tokenGTVAR
Incidents on record20
Highlighted = better on that line. Fees are base-tier rates before VIP and token discounts. Markets and listings are counted live from exchange APIs.

Top coins only on Gate

Top coins only on Variational

Biggest perp price gaps right now

Liquid perpetuals listed on both exchanges, by mid price. Open a coin to see every route after fees.

Gate or Variational?

Gate 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.

Gate lists 2,556 coins and Variational 565. 515 coins trade on both, 2,041 only on Gate and 50 only on Variational. In the last 30 days Gate added 4 new coins and Variational —.

On the 499 perpetual contracts listed on both exchanges, Gate was cheaper on 202 and Variational on 287, with a typical gap of 0.082%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.002% on Gate and -0.000% on Variational.

Fees above are base-tier rates before VIP levels and token discounts; Gate offers 2 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.

Which lists more coins, Gate or Variational?

Gate lists 2,556 coins and Variational 565. 515 coins trade on both exchanges.

Do Gate and Variational publish proof of reserves?

Gate: yes. Variational: yes.

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