Variational is a perpetual futures exchange that runs on Arbitrum. It lists 559 perpetual markets across crypto, US equities, commodities, and indices.
Maker and taker fees are both 0%, under a flat fee model. Liquidations are penalized by force-closing the position at the ask price plus 0.5% for a short position, or the bid price minus 0.5% for a long position. Leverage on Variational reaches up to 50x. Funding is charged on a variable interval, from 1 hour to 8 hours, with the rate equal to the average premium index plus a clamped adjustment toward the interest rate, bounded between -0.05% and 0.05%.
Variational runs Omni Points, a rewards program launched December 17, 2025, with an airdrop expected. Its referral program pays a flat 5% of all spread paid by referrals, settled in USDC, plus 1 point for every 10 points a referral earns; the first referral code unlocks at $1M in trading volume, with one more slot per additional $1M in trading and/or referral volume, and an ambassador program is open by application.
Variationalmaker 0% · funding variable, 1h to 8h0%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.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
