Centralized exchange · since 2022 Cayman Islands-registered crypto derivatives exchange offering perpetuals, spot, copy trading and TradFi derivatives.
New users: Register and get 20 USDT bonus
Claim on Toobit ↗
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 ↗
ToobitVariational
Trading fees (base tier)
Spot maker0.075%—
Spot taker0.1%—
Futures maker0.02%0%
Futures taker0.06%0%
Markets (live)
Coins listed2,327565
Coins with perpetuals1,751565
Coins with spot pairs1,0790
24h volume$48.19B—
Coins only here511 coins trade on both1,81654
New listings (detected live)
Last 30 days0—
Last 90 days0—
Safety and access
Proof of reservesYes · HackenYes · real-time
Licenses4US FinCEN MSB registration, Poland: KNF/VASP register entry, Australia: AUSTRAC registrationNone listed
Restricted regions14 regionsUnited States, Singapore, Hong Kong, China, Belarus…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersGeorge Town, Cayman Islands—
Exchange token—VAR
Incidents on record10
Toobit or Variational?
Toobit 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.
Toobit lists 2,327 coins and Variational 565. 511 coins trade on both, 1,816 only on Toobit and 54 only on Variational. In the last 30 days Toobit added 0 new coins and Variational —.
Fees above are base-tier rates before VIP levels and token discounts; Toobit offers 3 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.