Peer-to-peer RFQ derivatives protocol on Arbitrum; its Omni app offers zero-fee perpetuals on 500+ crypto and traditional markets.
New users: Weekly points toward the VAR genesis airdrop, plus loss refunds
Claim on Variational ↗
Self-custodial exchange for stock tokens and perpetual futures on Robinhood Chain, built by the team behind dYdX in partnership with Robinhood. Trades 24/7.
New users: Perps access via invite code or waitlist, plus Arcus Points (Season 1)
Claim on Arcus ↗
VariationalArcus
Trading fees (base tier)
Spot maker—0%
Spot taker—0%
Futures maker0%0%
Futures taker0%—
Markets (live)
Coins listed56560
Coins with perpetuals56560
Coins with spot pairs00
24h volume—$654.4M
Coins only here52 coins trade on both5138
New listings (detected live)
Last 30 days—0
Last 90 days—0
Safety and access
Proof of reservesYes · real-timeYes · real-time
LicensesNone listedNone listed
Restricted regions10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…3 regionsUnited States, United Kingdom, Canada
Headquarters——
Exchange tokenVAR[object Object]
Incidents on record02
Variational or Arcus?
Variational and Arcus are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Variational lists 565 coins and Arcus 60. 52 coins trade on both, 513 only on Variational and 8 only on Arcus. In the last 30 days Variational added — new coins and Arcus 0.
Fees above are base-tier rates before VIP levels and token discounts; Variational offers 3 discount options and Arcus offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.