Centralized exchange · since 2013 Centralized exchange founded in 2013 as Huobi and renamed HTX in 2023, offering spot, futures, earn and copy-trading products.
New users: Task-based new-user campaigns (June 2026 campaign: 100,000 USDT prize pool plus device prizes)
Claim on HTX ↗
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 ↗
HTXVariational
Trading fees (base tier)
Spot maker0.2%—
Spot taker0.2%—
Futures maker0.02%0%
Futures taker0.06%0%
Markets (live)
Coins listed889565
Coins with perpetuals391565
Coins with spot pairs5840
24h volume$2.25B—
Coins only here424 coins trade on both465141
New listings (detected live)
Last 30 days2—
Last 90 days2—
Perpetuals listed on both
Cheaper on more coinsof 187 shared perps, by mid price56 coins130 coins
Average funding (24h)positive = longs pay shorts+0.019%+0.014%
Typical price gapmedian between the two venues0.116%0.116%
Safety and access
Proof of reservesYes · monthlyYes · real-time
LicensesNone listedNone listed
Restricted regions12 regionsUnited States, Canada, Mainland China, Hong Kong, Singapore…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersNo official HQ disclosed; described in press coverage as Seychelles-based—
Exchange tokenHTXVAR
Incidents on record50
HTX or Variational?
HTX 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.
HTX lists 889 coins and Variational 565. 424 coins trade on both, 465 only on HTX and 141 only on Variational. In the last 30 days HTX added 2 new coins and Variational —.
On the 187 perpetual contracts listed on both exchanges, HTX was cheaper on 56 and Variational on 130, with a typical gap of 0.116%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.019% on HTX and +0.014% on Variational.
Fees above are base-tier rates before VIP levels and token discounts; HTX offers 2 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.