Variational Omni vs Orderly
Variational Omni traded 32× Orderly's 24-hour volume ($2.75B vs $85.4M).
Head to head
the arrow points to the better figure| Variational Omni | Orderly | |
|---|---|---|
| Trading | ||
| $1.00 | BTC trade, $10k | — |
| $646 | BTC trade, $1M | — |
| 0.000%/0.000% | ◀Taker / maker | 0.030%/0.000% |
| 50x | Max leverage▶ | 100x |
| Size | ||
| $2.75B | ◀Volume 24h | $85.4M |
| $2.02B | ◀Volume, 7-day average | $89.9M |
| $841.0Mlongs + shorts | Open interest | $46.8Mone side |
| — | TVL | $25.9M |
| Markets | ||
| 587 | ◀Markets | 159 |
| 157 | ◀Stocks & RWA | 57 |
| 1h or 4h or 8h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.711% | BTC longs paid, 30d | +0.554% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | $ORDER |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Variational Omni | Orderly |
|---|---|---|
| $1k | $0.101.0 bp | — |
| $10k | $1.001.0 bp | — |
| $100k | $10.021.0 bp | — |
| $1M | $6466.5 bp | — |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 128
funding /8h · Net 7d at $10k| Asset | Variational Omni | Orderly | Spread | Net 7d |
|---|---|---|---|---|
| ETH | +0.0100% | +0.0100% | 0.0000% | — |
| BTC | +0.0100% | +0.0100% | 0.0000% | — |
| SOL | +0.0100% | +0.0034% | +0.0066% | — |
| ZEC | +0.0100% | +0.0026% | +0.0074% | — |
| BNB | +0.0100% | +0.0100% | 0.0000% | — |
| RAY | +0.0100% | −0.0179% | +0.0279% | — |
| HYPE | +0.0100% | +0.0100% | 0.0000% | — |
| TRX | −0.0253% | +0.0100% | +0.0353% | — |
| S | +0.0100% | −0.0324% | +0.0424% | — |
| XRP | +0.0100% | +0.0100% | 0.0000% | — |
| DOGE | +0.0100% | +0.0078% | +0.0022% | — |
| PUMP | −0.0087% | +0.0007% | — | — |
| ENA | +0.0100% | +0.0093% | +0.0007% | — |
| SUI | +0.0100% | +0.0061% | +0.0039% | — |
| ZRO | +0.0100% | −0.0038% | +0.0138% | — |
| WLD | −0.0335% | −0.0246% | — | — |
| NEAR | +0.0100% | +0.0100% | 0.0000% | — |
| LIT | +0.0100% | −0.0177% | +0.0277% | — |
| HBAR | +0.0066% | +0.0090% | — | — |
| ASTER | +0.0100% | +0.0099% | — | — |
Only on Variational Omni: 442
ANTHROPIC · STRC · GRASS · AERO · CRWV · BRKB · OPENAI · ATOM · QNT · LLY · IRYS · NOW · XPD · MORPHO · XPT · CASHCAT · CHIP · MEGA · LSK · GRVT · BAT · CC · RENDER · BEAM · QCOM · BMT · BMNR · TZA · LDO · ETC · BLUR · MRNA · ERA · UVXY · URNM · AMAT · KSM · ASML · ZAMA · CRWD · IREN · IOST · MANA · KMNO · OKB · IWM · AKE · IMX · EWJ · SYRUP · HUMA · PHA · EWZ · NFLX · USAR · SOFI · CRO · BBX · ALGO · THETA · and 382 more
Questions
Which has more markets, Variational Omni or Orderly?
Variational Omni lists 587 active markets and Orderly 159; 128 assets trade on both, 42 of them stocks, commodities or other real-world assets.
Does Variational Omni or Orderly require KYC?
Variational Omni: No ID; not for US or Canadian persons, Taiwan or sanctioned regions. Orderly: No ID (the terms allow checks where applicable); not for US persons or sanctioned countries, and each front end can add rules.
Can you arbitrage funding between Variational Omni and Orderly?
Not profitably right now: none of the 128 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Variational Omni or Orderly?
24-hour volume: Variational Omni $2.75B, Orderly $85.4M. Open interest as each reports it: $841.0M and $46.8M. Variational Omni reports open interest as the sum of its traders' longs and shorts; Orderly reports one side. For the same positions Variational Omni's figure reads about twice as large. TVL: none published and $25.9M.