Variational Omni vs Phoenix
Variational Omni traded 74× Phoenix's 24-hour volume ($2.76B vs $37.1M).
Head to head
the arrow points to the better figure| Variational Omni | Phoenix | |
|---|---|---|
| Trading | ||
| $1.00 | ◀BTC trade, $10k | $8.30 |
| $453 | ◀BTC trade, $1M | $2,255 |
| — | BTC book depth | $4.5M |
| 0.000%/0.000% | ◀Taker / maker | 0.035%/0.005% |
| 50x | ◀Max leverage | 40x |
| Size | ||
| $2.76B | ◀Volume 24h | $37.1M |
| $2.02B | ◀Volume, 7-day average | $50.8M |
| $837.5Mlongs + shorts | Open interest | $20.3Mone side |
| — | TVL | — |
| Markets | ||
| 587 | ◀Markets | 104 |
| 157 | ◀Stocks & RWA | 50 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.711% | BTC longs paid, 30d | +1.354% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Variational Omni | Phoenix |
|---|---|---|
| $1k | $0.101.0 bp | $0.727.2 bp |
| $10k | $1.001.0 bp | $8.308.3 bp |
| $100k | $10.001.0 bp | $13013.0 bp |
| $1M | $4534.5 bp | $2,25522.6 bp |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 94
funding /8h · Net 7d at $10k| Asset | Variational Omni | Phoenix | Spread | Net 7d |
|---|---|---|---|---|
| SOL | +0.0100% | +0.0053% | +0.0047% | −$17 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$19 |
| BTC | +0.0100% | +0.0100% | 0.0000% | −$14 |
| NEAR | +0.0100% | +0.0099% | +0.0001% | −$84 |
| ETH | +0.0100% | +0.0099% | +0.0001% | −$11 |
| HYPE | +0.0100% | +0.0102% | +0.0002% | −$6 |
| LIT | +0.0100% | −0.0552% | +0.0652% | −$123 |
| BNB | +0.0100% | +0.0100% | 0.0000% | −$40 |
| PUMP | −0.0129% | +0.0101% | +0.0230% | −$35 |
| CHIP | +0.0100% | 0.0000% | +0.0100% | −$151 |
| XPL | +0.0100% | −0.0546% | +0.0646% | −$196 |
| RENDER | −0.0154% | −0.0161% | +0.0007% | — |
| ZRO | +0.0100% | −0.0246% | +0.0346% | — |
| BONK | −0.0055% | −0.0029% | +0.0026% | — |
| MON | +0.0100% | −0.0955% | +0.1055% | — |
| PEPE | +0.0100% | +0.0102% | — | — |
| XRP | +0.0100% | 0.0000% | — | — |
| VVV | +0.0100% | 0.0000% | +0.0100% | −$123 |
| MEGA | +0.0100% | 0.0000% | — | — |
| UNI | +0.0100% | +0.0094% | +0.0006% | −$78 |
Only on Variational Omni: 476
XAUT · SP500 · PAXG · BZ · XMR · SOXL · ASTER · STRC · SOXS · EWY · DRAM · GRASS · WLFI · NATGAS · ICP · TRUMP · BRKB · OPENAI · ATOM · APT · HBAR · DOT · STRK · QNT · IRYS · ETHFI · SKY · NOW · XPD · PENDLE · XPT · CASHCAT · INJ · SPX · LSK · GRVT · OP · BCH · BAT · CC · BEAM · POL · BMT · MNT · BMNR · TZA · SEI · TIA · LDO · BLUR · ETC · ERA · USELESS · UVXY · CAP · URNM · KSM · ZAMA · PENGU · IOST · and 416 more
Questions
Is Variational Omni or Phoenix cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.00 on Variational Omni and $8.30 on Phoenix right now, taker fee and order-book slippage together, so Variational Omni is cheaper. Taker fees: 0% and 0.035%.
Which has more markets, Variational Omni or Phoenix?
Variational Omni lists 587 active markets and Phoenix 104; 94 assets trade on both, 45 of them stocks, commodities or other real-world assets.
Does Variational Omni or Phoenix require KYC?
Variational Omni: No ID; not for US or Canadian persons, Taiwan or sanctioned regions. Phoenix: No ID; not available in the US or sanctioned countries.
Can you arbitrage funding between Variational Omni and Phoenix?
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 XAG, long on Variational Omni and short on Phoenix, with $1 left after costs.
Which is bigger, Variational Omni or Phoenix?
24-hour volume: Variational Omni $2.76B, Phoenix $37.1M. Open interest as each reports it: $837.5M and $20.3M. Variational Omni reports open interest as the sum of its traders' longs and shorts; Phoenix reports one side. For the same positions Variational Omni's figure reads about twice as large.