Variational
Onchain peer-to-peer derivatives protocol; its Omni app on Arbitrum offers zero-fee perpetuals on crypto and traditional markets.
- Omni runs on Arbitrum: one cross-margined account for 500+ crypto, stock, commodity and pre-IPO markets
- Zero maker and taker fees; Omni earns from the spread through its liquidity provider (OLP)
- Up to 50x leverage
- RFQ model that aggregates liquidity from CEXs, DEXs and TradFi dealers instead of an order book
- Gasless deposits, withdrawals and login, with a flat 0.1 USDC fee per transfer
Seven criteria on a scale of 10, the fee and market numbers computed from the data. Compare it with other perp DEXs only. How we score
- Taker
- 0%
- Maker
- 0%
- Volume a day
- $2.4B
- Open interest
- $910M
- Rewards 8.0
- Weekly Omni Points ahead of the VAR token due in Q4 2026
- Taker fee 7.0
- No taker fee is a 10, 0.07% or more is a 1. A venue that earns from the spread tops out at 7.
- Volume 9.0
- Average a day: $5M is a 1, $5B is a 10, on a log scale. Volume past ten times open interest does not count.
- Safety 8.0
- Live since Q1 2025, audited by Zellic and Spearbit, settles on Arbitrum
- Open interest 9.9
- $1M is a 1, $1B is a 10, on a log scale. Harder to farm than volume.
- Ease 10.0
- Gasless, mobile web sign-in by QR, 500+ markets incl. stocks
- Access 4.0
- Private beta: needs an access code; closed to US, Canada, Taiwan
- Implied FDV, median
- $1.1B
- Middle half of bets
- $758M to $1.9B
A rough estimate from prediction market prices for the FDV one day after launch, if the token launches. Not a promise and not financial advice. See the market
Cost to start: 0.1 USDC fee per deposit or withdrawal
- Open omni.variational.io and click Connect Wallet
- Enter an access code from the Variational Discord or X
- Accept the Terms of Use and sign the login message
- Click Deposit and add USDC on Arbitrum
- Pick a market and open a position
- Omni Points (until end of Q4 2026 at the latest)
- On-Chain Trader Rewards20 to 3,000 points by your on-chain trader rank
Omni is in private beta and needs an access code. Liquidations close positions at the bid or ask with a 0.5% penalty. Variational can change the points program at its discretion, and weekly points end no later than the end of Q4 2026.
No security incidents found in our check of Oct 30, 2026.
