Variational
dexMaker 0 bps · Taker 0 bps
Markets
| Asset | Mark Price ↕ | Funding APR ↕ | Interval ↕ | Open Interest ↓ | 24h Volume ↕ |
|---|---|---|---|---|---|
 BTC | $63,272.2376 | +7.27% | 8h | $163.2M | $462.2M |
 ETH | $1,777.4419 | +1.02% | 8h | $97.8M | $159.4M |
| 🥇XAU | $4,126.1974 | +3.27% | 4h | $50.3M | $73.5M |
| 🥇XAU | $4,116.9181 | +4.22% | 4h | $35.9M | $1.2M |
 HYPE | $70.9808 | +10.95% | 8h | $30.2M | $49.3M |
 SOL | $81.4349 | +3.74% | 8h | $24.0M | $32.3M |
| 🛢️WTI | $69.4223 | +23.21% | 4h | $18.9M | $21.1M |
| 🥇XAU | $4,118.9169 | +10.95% | 4h | $13.7M | $914K |
| QQQQQ | $716.6043 | +0.00% | 8h | $9.3M | $7.2M |
| 🚀SPACEX | $158.5475 | +0.00% | 8h | $7.9M | $9.1M |
| 🥈XAG | $61.0175 | +0.00% | 4h | $7.3M | $12.2M |
 ZEC | $452.3668 | +1.01% | 8h | $5.8M | $2.9M |
 MU | $945.8333 | +47.48% | 8h | $5.5M | $36.3M |
 BNB | $578.9939 | +10.95% | 8h | $4.7M | $2.3M |
 XMR | $325.3049 | +39.99% | 8h | $3.0M | $1.1M |
 ADA | $0.1805 | +10.95% | 8h | $2.6M | $594K |
 LINK | $7.9216 | +10.95% | 8h | $2.4M | $290K |
 XRP | $1.1303 | -2.11% | 8h | $2.2M | $2.5M |
| SOSOXL | $181.7782 | +38.51% | 8h | $2.0M | $20.8M |
 AAVE | $92.9678 | -0.43% | 8h | $1.9M | $1.8M |
 WLD | $0.3989 | -19.27% | 8h | $1.9M | $417K |
 ASTER | $0.6371 | +10.95% | 4h | $1.6M | $43K |
 NVDA | $194.3055 | +0.00% | 8h | $1.5M | $2.0M |
 NEAR | $2.0241 | -8.24% | 8h | $1.5M | $2.6M |
| 💾DRAM | $61.6271 | +49.88% | 8h | $1.5M | $3.5M |
 SNDK | $1,674.775 | +53.11% | 8h | $1.4M | $5.0M |
 INTC | $118.9319 | +0.00% | 8h | $1.4M | $1.7M |
 MSTR | $100.2034 | +0.00% | 8h | $1.4M | $4.1M |
 ENA | $0.0766 | -37.48% | 4h | $1.3M | $491K |
 PUMP | $0.0017 | +10.95% | 4h | $1.3M | $998K |
 LTC | $44.0579 | -20.65% | 8h | $1.2M | $66K |
 GOOGL | $365.4003 | +0.00% | 8h | $1.2M | $617K |
 TRUMP | $1.6655 | +10.95% | 4h | $1.2M | $105K |
 CRCL | $68.1631 | +0.00% | 8h | $1.2M | $1.4M |
| NBNBIS | $208.162 | +0.00% | 8h | $1.2M | $916K |
 AVAX | $6.7723 | -20.66% | 8h | $1.0M | $446K |
 ATOM | $1.5903 | +10.95% | 8h | $993K | $128K |
 LAB | $14.3307 | -21900.00% | 1h | $978K | $4.6M |
 TAO | $213.1839 | +10.95% | 4h | $978K | $764K |
 ZRO | $1.0071 | +10.95% | 4h | $931K | $255K |
 TSLA | $414.645 | +0.00% | 8h | $930K | $2.0M |
 SUI | $0.7397 | +4.67% | 8h | $902K | $463K |
| 🤖ANTHROPIC | $1,626.045 | +5.47% | 8h | $863K | $82K |
| 🟠XCU | $6.2137 | +0.00% | 4h | $817K | $831K |
 GRASS | $0.5336 | +5.34% | 4h | $811K | $252K |
 MON | $0.0249 | +10.95% | 8h | $773K | $671K |
 MRVL | $241.7363 | +6.11% | 8h | $772K | $843K |
 XPL | $0.1066 | +10.95% | 4h | $727K | $476K |
 VVV | $10.9413 | -24.20% | 4h | $709K | $421K |
| 🇰🇷EWY | $183.752 | +63.71% | 8h | $622K | $1.6M |
Click an asset to view market overview · Funding rates update every 60s
About Variational funding & fees
Variational is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 50 perpetual markets, $522.5M total open interest, $934.5M in 24h volume. Average funding across its markets is -430.65% annualized. ORBIT compares Variational's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Variational charges 0 bps taker and 0 bps maker fees on perpetuals. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Variational currently runs an active points program with no token live yet — every trade accrues points toward a future airdrop. That makes it a prime venue for the long leg of a delta-neutral funding trade: you farm points on the position you are holding anyway. Estimate what those points could be worth with the [Points Calculator](/tools/points-calculator).
To run funding arbitrage with Variational, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include BTC (+7.27%), ETH (+1.02%), XAU (+3.27%).
Frequently asked questions
- What are Variational trading fees?
- Variational charges 0 bps taker and 0 bps maker on perpetual futures. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Variational a CEX or DEX?
- Variational is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Variational have an airdrop or points program?
- Yes — Variational is actively distributing points with no token live yet. Trading volume accrues points that may convert to a future airdrop. Stack them on a funding-arbitrage long leg and value them with the ORBIT Points Calculator.
- How do I arbitrage funding rates on Variational?
- Open the ORBIT Funding Screener, find an asset where Variational's funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.
- How much open interest does Variational have?
- Variational currently has $522.5M in total open interest across 50 perpetual markets, with $934.5M traded in the last 24 hours.