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One Account. Every Market.

Access 550+ crypto, stock, and commodity markets with zero trading fees and on-chain settlement.

Start Trading

Read Docs

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

BTC

$82,960.57

ETH

$2,505.51

NVIDIA

$230.61

GOLD

$4,193.19

ANTHROPIC

$2,039.02

OPENAI

$1,685.39

SPACEX

$163.71

SANDISK

$1,597.72

550+ Markets. 0% Trading Fees.

Trade crypto, stocks, commodities and indices from one account.

500+ Markets

Variational supports hundreds of markets, from cryptocurrencies like Bitcoin and Solana to stocks like Nvidia and SpaceX.

Deep Liquidity

Liquidity is aggregated from crypto exchanges and traditional financial institutions to bring depth to all listings.

Zero Trading Fees

Whether you're opening a $100 or $1,000,000 position, your trading fees on Variational Omni are always the same: 0%.

Protocol Stats

Total Volume: $350B+
Open Interest: $2B+
Markets: 550+

A Universal Protocol
for On-Chain Derivatives

The Variational Protocol powers peer-to-peer trading, clearing and settlement of derivatives on-chain.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Settled On-Chain

All trades are settled and cleared on-chain in isolated escrow smart contracts.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

One Protocol, Many Apps

Omni is the first app. Pro, offering customizable OTC derivatives for institutions, is next.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

Request-For-Quote

Get the best all-in price for every trade without touching an order book.

Customizable

Customizable derivatives like expiries, options and structures agreed directly between counterparties.

Isolated Risk

A liquidation between two counterparties never touches anyone else's margin.

Peer-to-Peer

Trades are always settled between two counterparties that agree to the rules of each trade.

Team & Investors

Variational is led by Lucas Schuermann and Edward Yu. Our team brings experience from Google, Meta, Virtu, IMC, Jane Street and more. Learn more about our team.

Join the Community

Discord

Read release notes and see major announcements first.

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Stay up-to-date on all things Variational.

The future of derivatives settles on-chain.

Start Trading

Read Docs

The Variational Protocol powers peer-to-peer trading, clearing, and settlement on-chain.

Trade perps and swaps on Omni or customizable OTC derivatives on Pro, both built on the same protocol.

Company

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Community

Discord

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One Account. Every Market.

550+ Markets. 0% Trading Fees.

500+ Markets

Deep Liquidity

Zero Trading Fees

Protocol Stats

A Universal Protocolfor On-Chain Derivatives

Team & Investors

Join the Community

Discord

X/Twitter

The future of derivatives settles on-chain.

A Universal Protocol
for On-Chain Derivatives