Variational Omni vs Ondo Perps
Variational Omni traded 6.2× Ondo Perps's 24-hour volume ($2.75B vs $442.0M).
Head to head
the arrow points to the better figure| Variational Omni | Ondo Perps | |
|---|---|---|
| Trading | ||
| $1.00 | ◀BTC trade, $10k | $8.03 |
| $646 | BTC trade, $1M | — |
| — | BTC book depth | $589K |
| 0.000%/0.000% | ◀Taker / maker | 0.025%/0.010% |
| 50x | ◀Max leverage | 40x |
| Size | ||
| $2.75B | ◀Volume 24h | $442.0M |
| $2.02B | ◀Volume, 7-day average | $283.3M |
| $841.0Mlongs + shorts | Open interest | $83.3Mone side |
| — | TVL | — |
| Markets | ||
| 587 | ◀Markets | 77 |
| 157 | ◀Stocks & RWA | 65 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.711% | BTC longs paid, 30d | +0.693% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | Active |
Cost to trade BTC
| Size | Variational Omni | Ondo Perps |
|---|---|---|
| $1k | $0.101.0 bp | $0.808.0 bp |
| $10k | $1.001.0 bp | $8.038.0 bp |
| $100k | $10.021.0 bp | $14014.0 bp |
| $1M | $6466.5 bp | — |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 62
funding /8h · Net 7d at $10k| Asset | Variational Omni | Ondo Perps | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$4 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$34 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$75 |
| XRP | +0.0100% | +0.0100% | 0.0000% | — |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$81 |
| SOL | +0.0100% | +0.0100% | 0.0000% | −$44 |
| LIT | +0.0100% | +0.0100% | 0.0000% | — |
| ONDO | +0.0044% | +0.0100% | +0.0056% | −$43 |
| ENA | +0.0100% | +0.0100% | 0.0000% | — |
| PUMP | −0.0087% | +0.0100% | +0.0187% | −$127 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$67 |
Only on Variational Omni: 508
XAUT · PAXG · BNB · XMR · ANTHROPIC · ZRO · AAVE · ADA · ASTER · STRC · UNI · LTC · SOXS · LINK · AVAX · WLD · GRASS · VVV · XPL · WLFI · AERO · SUI · DOGE · TAO · ICP · TRUMP · ARB · CRV · BRKB · MON · PONS · ATOM · APT · HBAR · PEPE · DOT · QNT · STRK · LLY · VIRTUAL · TRX · IRYS · ETHFI · NOW · SKY · XPD · MORPHO · PENDLE · XPT · JUP · FARTCOIN · CASHCAT · CHIP · SPX · MEGA · INJ · LSK · GRVT · BCH · BAT · and 448 more
Questions
Is Variational Omni or Ondo Perps cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.00 on Variational Omni and $8.03 on Ondo Perps right now, taker fee and order-book slippage together, so Variational Omni is cheaper. Taker fees: 0% and 0.025%.
Which has more markets, Variational Omni or Ondo Perps?
Variational Omni lists 587 active markets and Ondo Perps 77; 62 assets trade on both, 51 of them stocks, commodities or other real-world assets.
Does Variational Omni or Ondo Perps require KYC?
Variational Omni: No ID; not for US or Canadian persons, Taiwan or sanctioned regions. Ondo Perps: No ID (only third-party fiat on-ramps check identity); not for the US, Canada, Panama, Russia, Ukraine or sanctioned countries.
Can you arbitrage funding between Variational Omni and Ondo Perps?
Yes: 1 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 CL, long on Variational Omni and short on Ondo Perps, with $8 left after costs.
Which is bigger, Variational Omni or Ondo Perps?
24-hour volume: Variational Omni $2.75B, Ondo Perps $442.0M. Open interest as each reports it: $841.0M and $83.3M. Variational Omni reports open interest as the sum of its traders' longs and shorts; Ondo Perps reports one side. For the same positions Variational Omni's figure reads about twice as large.