Variational Omni vs Polymarket Perps
Variational Omni traded 20× Polymarket Perps's 24-hour volume ($2.75B vs $138.7M).
Head to head
the arrow points to the better figure| Variational Omni | Polymarket Perps | |
|---|---|---|
| Trading | ||
| $1.00 | ◀BTC trade, $10k | $9.96 |
| $646 | ◀BTC trade, $1M | $1,904 |
| — | BTC book depth | $2.7M |
| 0.000%/0.000% | ◀Taker / maker | 0.040%/0.013% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $2.75B | ◀Volume 24h | $138.7M |
| $2.02B | ◀Volume, 7-day average | $76.6M |
| $841.0Mlongs + shorts | Open interest | $108.4Mone side |
| — | TVL | — |
| Markets | ||
| 587 | ◀Markets | 90 |
| 157 | ◀Stocks & RWA | 49 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.711% | BTC longs paid, 30d | +0.677% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | Not active |
Cost to trade BTC
| Size | Variational Omni | Polymarket Perps |
|---|---|---|
| $1k | $0.101.0 bp | $0.878.7 bp |
| $10k | $1.001.0 bp | $9.9610.0 bp |
| $100k | $10.021.0 bp | $13113.1 bp |
| $1M | $6466.5 bp | $1,90419.0 bp |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 82
funding /8h · Net 7d at $10k| Asset | Variational Omni | Polymarket Perps | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$11 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$2 |
| SOL | +0.0100% | +0.0073% | +0.0027% | −$12 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$64 |
| XRP | +0.0100% | −0.0034% | +0.0134% | +$3 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$22 |
| XPL | +0.0100% | +0.0001% | +0.0099% | −$174 |
| ENA | +0.0100% | +0.0100% | 0.0000% | −$42 |
| PEPE | +0.0100% | +0.0100% | 0.0000% | −$60 |
| PUMP | −0.0087% | +0.0100% | +0.0187% | −$59 |
| DOGE | +0.0100% | +0.0100% | 0.0000% | −$38 |
| AAVE | +0.0034% | +0.0100% | +0.0066% | −$14 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$10 |
| ADA | +0.0100% | −0.0377% | +0.0477% | −$33 |
| SUI | +0.0100% | −0.0318% | +0.0418% | −$32 |
| ZRO | +0.0100% | +0.0002% | +0.0098% | −$73 |
| FARTCOIN | +0.0100% | −0.0248% | +0.0348% | −$68 |
| LTC | −0.0032% | +0.0100% | +0.0132% | −$45 |
| LINK | +0.0100% | +0.0100% | 0.0000% | −$6 |
| ARB | −0.0025% | −0.0101% | +0.0077% | −$22 |
Only on Variational Omni: 488
XAUT · QQQ · PAXG · ASTER · SOXS · COPPER · GRASS · NATGAS · WLFI · AERO · ICP · TRUMP · CRV · BRKB · MON · OPENAI · ATOM · APT · HBAR · DOT · QNT · STRK · LLY · TRX · IRYS · NOW · SKY · XPD · XPT · CHIP · SPX · MEGA · INJ · LSK · GRVT · BCH · BAT · OP · CC · RENDER · RAY · FET · BEAM · POL · BMT · BMNR · JTO · MNT · MET · TZA · TIA · SEI · ETC · BLUR · MRNA · ERA · XLM · FIL · CAP · UVXY · and 428 more
Questions
Is Variational Omni or Polymarket Perps cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.00 on Variational Omni and $9.96 on Polymarket Perps right now, taker fee and order-book slippage together, so Variational Omni is cheaper. Taker fees: 0% and 0.04%.
Which has more markets, Variational Omni or Polymarket Perps?
Variational Omni lists 587 active markets and Polymarket Perps 90; 82 assets trade on both, 43 of them stocks, commodities or other real-world assets.
Does Variational Omni or Polymarket Perps require KYC?
Variational Omni: No ID; not for US or Canadian persons, Taiwan or sanctioned regions. Polymarket Perps: No ID for Perps since the beta ended in Sep 2026; orders cannot be placed from the US, Canada or sanctioned countries.
Can you arbitrage funding between Variational Omni and Polymarket Perps?
Yes: 7 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 STRC, long on Variational Omni and short on Polymarket Perps, with $21 left after costs.
Which is bigger, Variational Omni or Polymarket Perps?
24-hour volume: Variational Omni $2.75B, Polymarket Perps $138.7M. Open interest as each reports it: $841.0M and $108.4M. Variational Omni reports open interest as the sum of its traders' longs and shorts; Polymarket Perps reports one side. For the same positions Variational Omni's figure reads about twice as large.

