Ask about VariationalKey Metrics
Perp Volume 30d$26.473b
Perp Volume 30d by chain
Arbitrum$26.473b
Perp Volume 7d$6.293b
Arbitrum$6.293b
Perp Volume 24h$876.43m
Arbitrum$876.43m
Cumulative Perp Volume$165.026b
Arbitrum$165.026b
Open Interest$1.092b
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.