Variational
dexMaker 0% · Taker 0%
Best pair here now
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RiseXPer-asset breakdown
Daily average of the venue rolling 24h figures, through the last complete day — so these totals sit close to, but not exactly on, the live numbers above. Hover a chart for the per-asset split · hover or click an asset to spotlight it · click a legend chip to hide it.
Markets
| Asset | Mark Price ↕ | 24h % ↕ | Funding APR ↕ | Open Interest ↓ | 24h Volume ↕ | ||
|---|---|---|---|---|---|---|---|
 BTC | $83,383.915 | +0.47% | +8.57% | +7.23% | 8h | $192.9M | $508.7M |
 ETH | $2,685.61 | +0.84% | +10.96% | +9.02% | 8h | $147.1M | $254.1M |
| 📊USTECH | $30,567.61 | +0.57% | +0.00% | +0.00% | 8h | $74.4M | $1.26B |
| 🥇XAU | $4,160.07 | -0.99% | +0.00% | +10.71% | 4h | $48.3M | $23.2M |
| 🥇XAU | $4,157.02 | -1.02% | +0.00% | +0.00% | 4h | $46.8M | $140.5M |
| 📈SP500 | $7,655.58 | -0.47% | +0.00% | +0.00% | 8h | $40.3M | $506.3M |
 ZEC | $1,407.55 | +0.85% | +10.96% | +10.68% | 8h | $38.7M | $42.3M |
 HYPE | $88.8417 | +3.51% | +10.96% | +7.40% | 8h | $33.7M | $96.1M |
 SOL | $117.667 | -0.08% | +9.84% | +6.10% | 8h | $32.1M | $57.0M |
 XAUT | $4,154.715 | -0.92% | +10.96% | +6.71% | 4h | $28.2M | $358K |
Click an asset to view market overview · Funding rates update every 60s
Best exchange pairs for Variational
Head-to-head pages with the funding setups between the two venues, ranked by what they paid after costs.
About Variational funding & fees
Variational is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 525 perpetual markets, $1.02B total open interest, $3.19B in 24h volume. Average funding across its markets is +9.12% 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% taker and 0% 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.
To run funding arbitrage with Variational, find an asset whose funding here diverges from another venue on the Funding Screener, then verify the pair in the backtester. Its most active markets right now include BTC (+8.57%), ETH (+10.96%), USTECH (+0.00%).
Frequently asked questions
- What are Variational trading fees?
- Variational charges 0% taker and 0% 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 $1.02B in total open interest across 525 perpetual markets, with $3.19B traded in the last 24 hours.