Variational vs Extended
A side-by-side comparison of two perpetual DEXs using the same sources and capture time. Larger is not automatically better: check fees, markets, collateral and access rules for your own use.
- Variational holds 11.5× the open interest of Extended ($1.11B vs $96.78M).
- Variational’s average open interest moved +27.2% over 30 days.
- Extended’s average open interest moved +5.7% over 30 days.
 Variational |  Extended | |
|---|---|---|
| Open interest | $1.11B | $96.78M |
| OI rank (of 91) | 3 | 11 |
| OI change · 30d | +27.2% | +5.7% |
| Volume · 24h | $3.81B | $556.67M |
| User fees · 30d | — | $1.55M |
| Fees change · 30d | — | -6.7% |
| Trend | Growing | Stable |
| Chains | Arbitrum | Ethereum, Starknet |
| Model | RFQ with a liquidity provider vault | Order book |
| RWA markets | Yes | Yes |
| Token | VAR | None verified |
Open interest over time
- Variational $1.11B
- Extended $96.78M
DefiLlama daily open interest. Missing days are left as gaps. The scale starts at zero.
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗