Variational
Peer-to-peer RFQ derivatives protocol on Arbitrum; its Omni app offers zero-fee perpetuals on 500+ crypto and traditional markets.
Volume (24h)$1.03BUSDT markets tracked live
Coins558with USDT pairs
Spot / Perp markets0 / 558tracked by ArbiLayer
Base fees0% / 0%maker / taker, perp
About Variational
Peer-to-peer RFQ derivatives protocol on Arbitrum; its Omni app offers zero-fee perpetuals on 500+ crypto and traditional markets.
Trading fees
Official fee schedule ↗PerpetualsBase tier
Maker0%
Taker0%
- No trading fees on Omni; revenue comes from the bid-ask spread quoted by the Omni Liquidity Provider (OLP)
- Liquidations execute at bid/ask with a 0.5% penalty
- Loss refunds: part of spread revenue refunds traders' losses via a lottery-style draw, with odds rising by reward tier
Withdrawals: Flat $0.1 per deposit or withdrawal
New users
Weekly points toward the VAR genesis airdrop, plus loss refunds
- Points programme (since 17 Dec 2025): weekly distribution every Friday, ending no later than end of Q4 2026
- VAR genesis airdrop: 32% of supply to points holders, unlocked at TGE (planned Q4 2026)
- Loss refunds funded from spread revenue, with better odds at higher reward tiers
- Referrers earn 5% of referees' spread in USDC plus 1 point per 10 points referees earn (code unlocks at $1M volume)
- On-Chain Trader Rewards Campaign (from 12 Aug 2026) for invited on-chain traders
Claim on Variational ↗Terms and regional eligibility vary. Check the offer page before signing up.
Omni reward tiers
VIP program ↗Tier is based on 30-day volume = personal volume + 0.2 x referred volume; tiers boost points (trading fees are zero at all tiers).
TierRequirementPerp makerPerp taker
Iron$0 30d volume, +0% points0%0%
Bronze$1M 30d volume, +0.5% points0%0%
Silver$5M 30d volume, +1% points0%0%
Gold$25M 30d volume, +2% points0%0%
Platinum$100M 30d volume, +3% points0%0%
Diamond$750M 30d volume, +4% points0%0%
Infinity$2.5B 30d volume, +5% points0%0%
- User funds sit on Arbitrum in segregated settlement-pool smart contracts and are not sent to external exchanges
- OLP market-making capital is seeded by the Variational team; only OLP capital is used to hedge on external venues
- Protocol treasury (receives a share of spreads) is public on Arbitrum: 0x5e91b40467fb8902c46a7b6cb90482363188d645
- DefiLlama lists Variational but currently shows no TVL figure
Company
Founders
LSLucas SchuermannCo-founder, CEO
EYEdward YuCo-founder
Leadership
LSLucas SchuermannCEO
Products
Omni (retail perpetuals, 500+ markets)Crypto perpsEquity, commodity and FX perpsVariational Pro (institutional OTC derivatives)Points and loss refunds
Not available in
United States and US territories (incl. Puerto Rico, Guam, US Virgin Islands)CanadaTaiwanCubaIranNorth KoreaSudanSyriaCrimea, Donetsk, Luhansk and Sevastopol regions of UkraineSanctioned persons
Volume, last 7 days
7 days agonow
Top markets
MarketPriceVolume (24h)