Variationalvariational.io · perp DEX

7 Best Variational Alternatives

Variational lists 559 perp markets on Arbitrum. Below, 7 perp DEXes with fees, leverage and sign-up side by side, Canborsa first: one venue for stocks, gold, pre-IPO names and crypto.

Canborsa

One account for stocks, gold, pre-IPO names, crypto and indices: 86 perp markets on a single venue, deposits from six networks (Canton, Robinhood Chain, Ethereum, Base, BNB Chain and Arbitrum), a flat 0.07% per side, and sign-up with an email, an X account or a wallet. The referral program shares up to 50% of fees with partners.

Aster

Aster lists 563 perp markets on BNB Chain. Fees: maker 0% / taker 0.04%; funding 1h. Sign-up is a browser wallet, and the venue is non-custodial.

Hyperliquid

Hyperliquid lists 318 perp markets on Hyperliquid L1. Fees: maker 0.015% / taker 0.045%; funding 1h. Sign-up is a browser wallet, and the venue is non-custodial.

Extended0.025% · 100x

292 perp markets on Starknet · Crypto · Stocks · Gold & commodities · Indices · Pre-IPO · FX · funding 1h · browser wallet sign-up, non-custodial.

Helix0.0001% · 100x

285 perp markets on Injective · Crypto · Stocks · Gold & commodities · Indices · Pre-IPO · FX · funding 1h · browser wallet sign-up, non-custodial.

Lighter0% · 50x

212 perp markets on Lighter L2 · Crypto · Stocks · Gold & commodities · Indices · Pre-IPO · FX · Bonds · funding 1h · browser wallet sign-up, non-custodial.

GRVT0.045% · 50x

185 perp markets on GRVT L2 · Crypto · Stocks · Gold & commodities · Indices · Pre-IPO · funding 8h · browser wallet sign-up, non-custodial.

Variational charges 0% maker and 0% taker fees. Liquidated positions are force-closed at the ask price plus 0.5% for a short position, or the bid price minus 0.5% for a long position.

Variational offers up to 50x leverage.

Variational lists 559 perpetual markets across crypto, US equities, commodities, and indices.

Funding is charged on a variable interval from 1 to 8 hours, at a rate equal to the average premium index plus a clamped adjustment toward the interest rate, bounded between -0.05% and 0.05%.

Yes, referrers earn a flat 5% of all spread paid by their referrals in USDC, plus 1 point for every 10 points their referrals earn. The first referral code unlocks at $1M in trading volume.

Yes, Omni Points, launched December 17, 2025, with an airdrop expected.