Variational vs Bybit
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 19 differences
| Line | Variational | Bybit |
|---|---|---|
| 30-day volume | Edge#04 · $50,872.0M | #14 · Not tracked |
| Trading fees | Edge0% trading feesOmni charges no trading fee: the venue keeps the market-making spread instead. Deposits and withdrawals cost a flat $0.10 in USDC, and a forced liquidation is executed 0.5% away from the bid or ask. | 0.055% taker · 0.02% makerNon-VIP rate on perpetual and futures contracts: 0.055% taker and 0.02% maker. VIP tiers lower both, based on 30-day derivatives volume or assets held on the account. Funding is charged on top while a position stays open. |
| New-user perk | 1 point for every 10 points earned | Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days |
| Max leverage | Not documented | Edgeup to 150× |
| Perp markets | 500 | Edge846 |
| Identity check (KYC) | EdgeNo KYC | KYC required |
| Custody | Non-custodial, EVM wallet, gasless deposits | Custodial: your balances sit on the exchange |
| Settles on | Arbitrum (Variational settlement pools) | Bybit (centralised matching) |
| Collateral | USDC | USDT, USDC |
| Where it runs | Web | Web, iOS, Android |
| Chains | EdgeEVMArbitrum | — |
| Documented features | 4 of 10 | Edge7 of 10 |
| Order book | No | Yes |
| Cross margin | Yes | Yes |
| Spot trading | No | Yes |
| Vaults / copy vaults | Yes | Not documented |
| Copy trading | Not documented | Yes |
| Stocks, gold or forex | Yes | Yes |
| Points program | Yes | Not documented |
| API | Not documented | Yes |
| Mobile app | Not documented | Yes |
| Telegram bot | No | Not documented |
Which one should you pick?
Pick Variational if
You want one cross-margined account for crypto, equities, commodities and forex with no visible trading fee.
A zero-fee venue built on RFQ rather than an order book: the platform earns the spread it quotes, so your real cost is the price you accept, not a line on a fee schedule.
Read the Variational reviewomni.variational.io
Pick Bybit if
You want the widest choice of altcoin perps, copy trading and a mobile app, and accept KYC and custody.
The biggest menu of the series: 846 USDT and USDC perpetuals, up to 150x on BTC, 0.055% taker, copy trading and mobile apps. It is a centralised exchange: identity verified, balances held by Bybit. The referral pays new users up to 25 USDT, but EEA residents, France included, are being moved to Bybit EU.
Read the Bybit reviewSign up through this link: Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days.
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