Variational

Variational is an Arbitrum-based protocol for peer-to-peer trading, clearing and settlement of perpetuals, with Omni as its consumer perps app and Pro for institutional derivatives. Omni offers hundreds of crypto, stock and commodity markets with up to 50x leverage and no maker or taker fees.

Variational fees

Variational charges about 0 bps maker and 0 bps taker (a basis point is 0.01%). As with any perp venue, the funding rate often matters more than the headline fee: it is a recurring payment between longs and shorts that can quietly run for or against your position. See how this stacks up on the lowest-fee perp DEX ranking.

Variational leverage & markets

Variational offers up to 50x leverage across crypto, stocks, commodities markets on Arbitrum. Higher leverage magnifies both gains and liquidation risk, so size positions carefully. For the most aggressive limits, see the highest-leverage perp DEX ranking.

Is Variational safe and is there KYC?

Variational is non-custodial: your funds stay in your own wallet and you sign each trade, so there is no company holding your balance and typically no KYC. The trade-off is smart-contract and liquidation risk, so prefer venues with a solid track record and verify contracts yourself.

Variational airdrop & points

Variational has not launched a token, so active trading now may position you for a potential future airdrop. Estimate what your points could be worth with MoonMath, and remember an airdrop is never guaranteed.

Who is behind Variational?

Variational was built by A team with backgrounds at Google, Meta, Virtu, IMC and Jane Street.

Backers: Dragonfly Capital, Coinbase Ventures, Bain Capital Crypto and others.

Variational milestones

• 2025Omni mainnet private beta launches
• 2025Raises a 10.3M USD seed round
• 2026Raises a 50M USD Series A led by Dragonfly

Variational FAQ

What is Variational?

Variational is a peer-to-peer perpetuals and derivatives protocol with hundreds of markets and zero trading fees. It runs on Arbitrum using a pool model, offering up to 50x leverage on crypto, stocks, commodities markets.

What are Variational's fees?

Variational charges roughly 0 bps maker and 0 bps taker (1 bp = 0.01%). Funding is paid periodically between longs and shorts.

Does Variational require KYC?

No. Variational is a decentralized exchange: you connect a self-custody wallet and trade permissionlessly, with no signup or KYC on the protocol.

Does Variational have a token?

Not yet. Variational has no token, so trading now may position you for a potential future airdrop (never guaranteed).