Safely trade bilateral derivatives on any token

Safely trade bilateral

derivatives

futures

options

perps

derivatives

on

any

token

Safely trade bilateral derivatives on any underlying market

Decentralized, non-custodial RFQ platform to trade and clear bilateral derivatives.
Built on Arbitrum.
Decentralized, non-custodial RFQ platform to trade and clear bilateral derivatives. Built on Arbitrum.

Decentralized, non-custodial RFQ platform to trade and clear bilateral derivatives.
Built on Arbitrum.

Decentralized, non-custodial RFQ platform to trade and clear bilateral derivatives.
Built on Arbitrum.

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Benefits

Mitigate counterparty risk

Face your counterparty directly instead of pooling risk on an exchange, where the entire platform may become insolvent. Protect against counterparty default with our configurable real-time margin and liquidation engine.

Trade unlisted & custom derivatives

Go long/short tokens before they are listed on a centralized exchange. Build custom futures and options—as long as there is a price feed for the underlying, you can trade it.

Modernize OTC flows

Centralize your OTC trading on Variational to access aggregated liquidity and fully automate clearing, settlement, risk management, and reporting.

Trade peer to peer.
Variational automates the rest.

Customizable

Source liquidity on futures, options, and other payoff structures for any token. Define your own liquidation rules and margin requirements.

Non-custodial

Collateral is securely locked in escrow contracts on-chain where it is observable and segregated. No third party, including Variational, has access to your assets.

Bilateral

Face your counterparty directly—no worrying about commingling risk with other users or exchange/ platform bankruptcy.

How It Works

RFQ platform

Access liquidity on thousands of derivatives markets and get the best price from a global network of market makers.

Bilateral settlement pools

Create bilateral settlement pools using escrow smart contracts with customizable margin rules.

Real-time liquidation

Set custom parameters per counterparty with our advanced portfolio margin engine. Variational monitors collateral and performs liquidations in real-time.

Automated settlement

Upon expiry, assets are allocated within the settlement pools according to realized profits. Excess collateral can be withdrawn at any time.

Portfolio management

Manage your portfolio and view consolidated risk metrics in one place.

Start Trading

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Start Trading

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