Variational
dexMaker 0% · Taker 0%
Per-asset breakdown
Daily average of the venue's 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 | $62,698.93 | -0.51% | +5.12% | +6.27% | 8h | $205.6M | $207.9M |
 ETH | $1,871.6 | -0.47% | +3.46% | +4.03% | 8h | $143.9M | $78.8M |
| 🥇XAU | $4,390.285 | +0.17% | +0.00% | +0.06% | 4h | $56.3M | $46.4M |
 XAUT | $4,364.755 | +0.21% | +10.95% | +1.73% | 4h | $34.8M | $1.7M |
 SOL | $74.371 | -1.16% | -5.38% | +1.21% | 8h | $24.3M | $43.7M |
 HYPE | $57.2025 | +0.61% | +10.20% | +9.23% | 8h | $23.8M | $20.2M |
| QQQQQ | $732.555 | +0.15% | +0.00% | +0.45% | 8h | $23.0M | $4.1M |
| 🛢️WTI | $81.4505 | +0.43% | +0.00% | -52.52% | 4h | $18.2M | $10.0M |
 PAXG | $4,379.15 | +0.16% | -3.06% | +1.95% | 4h | $13.7M | $216K |
| 🛢️BRENT | $86.5059 | +0.36% | +0.00% | +0.64% | 4h | $11.4M | $4.4M |
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, $674.5M total open interest, $469.3M in 24h volume. Average funding across its markets is -0.52% 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](/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 (+5.12%), ETH (+3.46%), XAU (+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?