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Variational

Updated Aug 19, 2026  |  Affiliate Disclosure

What Is Variational?

Variational is a zero-fee perp DEX built to beat “faster/cheaper than Hyperliquid” by using a one-account cross-margin system, broader market coverage, and market-maker liquidity; it launched private mainnet in early 2025, later added points/rewards, and now claims 450+ markets, $200B+ lifetime volume, and #4 by open interest

Fees & Volume

24H Volume

$905.09M

Updated daily at 1:00AM UTC

30D Volume

$23.63B

Updated daily at 1:00AM UTC

Trading Fees (Maker / Taker)

0% / 0%

Features

Assets Supported

430+

Max Leverage

50x

Supported Chains (ARB)

1

More Info

Year Founded

2024

Website

Documentation

X Profile

Variational Compared

Compare Variational against other leading Perp DEXs:

Crypto Table
Name Coins Max Leverage Maker Fee Taker Fee # Chains Chains 24H Volume 30D Volume Website

Variational Alternatives

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