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MEXC vs Variational

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

MEXC logo

MEXC

Centralized exchange · since 2018

Global centralized exchange founded in 2018, known for a large token selection and low or zero-fee trading promotions.

New users: Welcome rewards advertised up to 10,000 USDT for new users

Claim on MEXC ↗
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 ↗
MEXCVariational
Trading fees (base tier)
Spot maker0%—
Spot taker0.05%—
Futures maker0.01%0%
Futures taker0.04%0%
Markets (live)
Coins listed2,016565
Coins with perpetuals1,083565
Coins with spot pairs1,5110
24h volume$13.04B—
Coins only here434 coins trade on both1,582131
New listings (detected live)
Last 30 days10—
Last 90 days10—
Perpetuals listed on both
Cheaper on more coinsof 424 shared perps, by mid price180 coins233 coins
Average funding (24h)positive = longs pay shorts+0.008%+0.001%
Typical price gapmedian between the two venues0.083%0.083%
Safety and access
Proof of reservesYes · monthly · HackenYes · real-time
LicensesNone listedNone listed
Restricted regions11 regionsUnited States, Mainland China, Canada, United Kingdom, Singapore…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersNo official HQ disclosed; recent press releases are datelined Mutsamudu, Comoros—
Exchange tokenMXVAR
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 MEXC

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.

MEXC or Variational?

MEXC 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.

MEXC lists 2,016 coins and Variational 565. 434 coins trade on both, 1,582 only on MEXC and 131 only on Variational. In the last 30 days MEXC added 10 new coins and Variational —.

On the 424 perpetual contracts listed on both exchanges, MEXC was cheaper on 180 and Variational on 233, with a typical gap of 0.083%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.008% on MEXC and +0.001% on Variational.

Fees above are base-tier rates before VIP levels and token discounts; MEXC offers 3 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, MEXC or Variational?

MEXC lists 2,016 coins and Variational 565. 434 coins trade on both exchanges.

Do MEXC and Variational publish proof of reserves?

MEXC: yes. Variational: yes.

Compare MEXC with

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