Ask about VariationalKey Metrics
Perp Volume 30d$22.355b
Perp Volume 30d by chain
Arbitrum$22.355b
Perp Volume 7d$7.214b
Arbitrum$7.214b
Perp Volume 24h$1.217b
Arbitrum$1.217b
Cumulative Perp Volume$137.72b
Arbitrum$137.72b
Open Interest$976.99m
Total Raised$61.8m
Oct 23, 2024$10.3mRound: SeedInvestors: Bain Capital Crypto, Peak XV Partners, Coinbase Ventures, Hack VC, Dragonfly Capital, North Island Ventures
Jun 4, 2025$1.5mRound: Investors: Mirana Ventures, Caladan, Zoku Ventures
May 20, 2026$50mRound: Series AInvestors: Dragonfly Capital, Coinbase Ventures, Bain Capital Crypto
Protocol Information
Variational is a protocol that provides infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The Variational Protocol enables safe and efficient bilateral trading of options, futures, perpetuals, exotics, and more. Multiple apps have been built on the Variational Protocol, including Omni for perpetuals trading and Pro for institutions to trade customizable OTC derivatives.