Variational
@variational_io
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The most rewarding place to trade perps. Enjoy zero fees on 500+ listings while earning loss refunds and rebates.
Private Beta on Arbitrum
Joined January 2024
Biweekly Update 11/28/25 PRODUCT ➡️ The most recent mainnet releases were v0.3.4 and v0.4.2 ➡️ Referral rewards are now live. ➡️ Setting for “privacy mode” that hides $ values. ➡️ Setting to “play sound on order fill.” ➡️ Rate limits have been made more forgiving. ➡️ Each
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Today's mainnet release: ➡️ Re-enabled referral reward claims. ➡️ Now shows UPnL in both % and $. ➡️ Added faster quoting and trigger checking for limit, trigger, and TP/SL orders. ➡️ & more. See Discord for the full release notes.
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To find which tokens to put in the retail sentiment index, we take all tokens with $800k+ in retail (non-OLP) open interest, and find the three with the highest % of OI that is long and the three with the highest % of OI that is short.
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Weekly Omni Retail Sentiment Index: This week, traders on Omni are long $ETHFI, $PENDLE, & $MNT, and short $WLFI, $SOL, & $SUI.
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See the on-chain loss refunds data for yourself via the @EntropyAdvisors Dune Dashboard:
dune.com
Dune is the all-in-one crypto data platform — query with SQL, stream data via APIs & DataShare, and publish interactive dashboards across 100+ blockchains.
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Omni has now processed over $2M in loss refunds for losing trades. ➡️ 2%+ of total losses on Omni have been refunded ➡️ 70,000+ unique loss refund transactions ➡️ 6,500+ unique loss refund recipients ➡️ #1 recipient has received $100k+ in refunds Only on Omni.
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To find which tokens to put in the retail sentiment index, we take all tokens with $800k+ in retail (non-OLP) open interest, and find the three with the highest percent of non-OLP OI that is long and the three with the highest percent of non-OLP OI that is short.
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Introducing the Omni Retail Sentiment Index 📊 Here are the tokens Omni traders are most bullish and bearish on right now 👇
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3/5 revenue sharing mechanisms with users have now been implemented. ✅ lower spreads (up to -90% with olp v2) ✅ loss refunds ✅ referral rewards 🔜 points 🔜 open olp deposits When all are implemented a majority of gross revenue will go directly back to users.
Referral rewards are now live on Omni! Over $1M in retroactive referral rewards have been distributed, and new referral rewards can be claimed from the rewards page at any time going forward.
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This release also brought some other new features, including: ➡️ Setting for “privacy mode” that hides $ values. ➡️ Setting to “play sound on order fill.” ➡️ Each address is now limited to three loss refunds per day. ➡️ Referral code anti-botting has been adjusted to give users 1
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Referral rewards are now live on Omni! Over $1M in retroactive referral rewards have been distributed, and new referral rewards can be claimed from the rewards page at any time going forward.
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Biweekly update time ⏰ PRODUCT ➡️ The most recent mainnet release was v0.3.0 ➡️ Implemented trigger orders (market orders that submit when mark price crosses set trigger price). ➡️ Fix for referral code botting: if a referral doesn’t trade on Omni within 24h of using the code,
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Over the past month, over $2.75B of Omni's volume came from "long-tail" markets. Majors (BTC/ETH/XRP/SOL): ~89% of volume Alts (BNB/TRX/DOGE/ADA/LINK/HYPE): ~3% of volume Long-tail (Others): ~8% of volume
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Today, Omni has crossed a new milestone of $40B in lifetime trading volume. $0 ➡️ $1B: ~6 months $1B ➡️ $40B: ~3 months Thanks to everyone trading on Omni!
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Another release was pushed to mainnet: ➡️ Added trigger orders (that submit a market order when mark price crosses a set trigger price). ➡️ Fix for referral code botting: if a referral doesn’t deposit within 24h of using the code, they will be removed. ➡️ Added rate limits.
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Thanks to translators from the community, the new Variational website is now available in 9 different languages.
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Biweekly update (Halloween edition 🎃): PRODUCT ➡️ The most recent mainnet release was v0.2.5. This was mostly a behind-the-scenes release focusing on scaling the platform to accommodate drastically increased load. ➡️ Added setting to cancel orders without a confirmation popup
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