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One Account. Every Market.

500+ crypto, stock and commodity markets with up to 50x leverage, zero fees, and on-chain settlement.

Start Trading

Read Docs

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

BTC

$85,587.15

ETH

$2,697.56

NVIDIA

$239.77

GOLD

$4,168.15

ANTHROPIC

$2,083.16

OPENAI

$1,687.41

SPACEX

$171.67

SANDISK

$1,664.72

500+ Markets. 50x Leverage. 0 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 centralized exchanges, DEXs, and OTC dealers to offer deeper markets than any single venue.

Zero Fees

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

Protocol Stats

Total Volume: $275B+
Open Interest: $1B+
Markets: 500+

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

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One Account. Every Market.

500+ Markets. 50x Leverage. 0 Fees.

500+ Markets

Deep Liquidity

Zero 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