Variational Omni vs Bullet
Variational Omni traded 186× Bullet's 24-hour volume ($2.76B vs $14.8M) and holds 200× its open interest.
Head to head
the arrow points to the better figure| Variational Omni | Bullet | |
|---|---|---|
| Trading | ||
| $1.00 | ◀BTC trade, $10k | $3.69 |
| $453 | ◀BTC trade, $1M | $21,991 |
| — | BTC book depth | $1.6M |
| 0.000%/0.000% | Taker / maker≈ | 0.000%/0.000% |
| 50x | ◀Max leverage | 20x |
| Size | ||
| $2.76B | ◀Volume 24h | $14.8M |
| $2.02B | ◀Volume, 7-day average | $28.0M |
| $837.5M | ◀Open interest | $4.2M |
| — | TVL | — |
| Markets | ||
| 587 | ◀Markets | 30 |
| 157 | ◀Stocks & RWA | 14 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.711% | BTC longs paid, 30d | +0.392% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | Active |
Cost to trade BTC
| Size | Variational Omni | Bullet |
|---|---|---|
| $1k | $0.101.0 bp | $0.222.2 bp |
| $10k | $1.001.0 bp | $3.693.7 bp |
| $100k | $10.001.0 bp | $12312.3 bp |
| $1M | $4534.5 bp | $21,991219.9 bp |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 27
funding /8h · Net 7d at $10k| Asset | Variational Omni | Bullet | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$5 |
| SOL | +0.0100% | −0.0153% | +0.0253% | −$3 |
| ETH | +0.0100% | +0.0056% | +0.0044% | $0 |
| LIT | +0.0100% | −0.0873% | +0.0973% | +$3 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$13 |
| RAY | +0.0100% | +0.0100% | 0.0000% | −$102 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$21 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$7 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$17 |
| UNI | +0.0100% | +0.0100% | 0.0000% | — |
| DOGE | +0.0100% | +0.0100% | 0.0000% | −$20 |
| PUMP | −0.0129% | +0.0070% | +0.0199% | — |
| ONDO | +0.0004% | −0.0084% | — | — |
| TAO | +0.0100% | +0.0099% | — | — |
| TIA | +0.0100% | −0.0445% | — | — |
| ENA | +0.0100% | +0.0100% | 0.0000% | — |
Only on Variational Omni: 543
XAUT · QQQ · PAXG · GOOGL · BNB · XMR · ANTHROPIC · SOXL · ZRO · AAVE · ADA · ASTER · META · LTC · MSTR · AAPL · STRC · INTC · COPPER · AMZN · SOXS · LINK · AVAX · NBIS · EWY · MSFT · DRAM · WLD · CRCL · GRASS · SKHY · VVV · XPL · WLFI · NATGAS · AERO · SUI · COIN · ICP · CRWV · TRUMP · HOOD · ARB · AMD · ORCL · CRV · BRKB · MON · OPENAI · PONS · PLTR · ATOM · APT · HBAR · PEPE · DOT · STRK · QNT · LLY · TRX · and 483 more
Questions
Is Variational Omni or Bullet cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.00 on Variational Omni and $3.69 on Bullet right now, taker fee and order-book slippage together, so Variational Omni is cheaper. Taker fees: 0% and 0%.
Which has more markets, Variational Omni or Bullet?
Variational Omni lists 587 active markets and Bullet 30; 27 assets trade on both, 11 of them stocks, commodities or other real-world assets.
Does Variational Omni or Bullet require KYC?
Variational Omni: No ID; not for US or Canadian persons, Taiwan or sanctioned regions. Bullet: No ID (the terms keep a right to ask); not for US or Singapore residents or sanctioned countries.
Can you arbitrage funding between Variational Omni and Bullet?
Yes: 6 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was MU, long on Variational Omni and short on Bullet, with $92 left after costs.
Which is bigger, Variational Omni or Bullet?
24-hour volume: Variational Omni $2.76B, Bullet $14.8M. Open interest as each reports it: $837.5M and $4.2M.