Getting Started with Omni
Creating an Account & Depositing Funds
Omni is deployed on Arbitrum One. You will need an EVM-compatible wallet and USDC on Arbitrum One to deposit funds into your portfolio and trade. You do not need any Ethereum on Arbitrum One – Omni offers a gasless experience.
To create an account:
Visit the Omni Mainnet app at https://omni.variational.io/.
“Connect Wallet” (we recommend using Metamask or Rabby on a Chrome browser).
If you are not on the whitelist, you will see a screen requesting an referral code — you can look for a referral code from another user in the Variational Discord. If you are on the whitelist, this step will be bypassed.
Accept the terms of service. If you are a Restricted Person, you are not allowed to access the app. If you see an “Access Restricted” screen, you are attempting to access the platform from a Restricted Country.
Wait for portfolio creation (a bilateral settlement pool is automatically deployed between you and OLP).
Click “Authenticate” and sign the login message.
To deposit funds:
Obtain USDC on Arbitrum One (we recommend withdrawing Arbitrum USDC from an exchange. For bridging, we like Stargate. DYOR.)
Click “Deposit Funds”. If you initially skipped the first “deposit funds” button during the onboarding flow, it can be found by clicking the “Transfer” button in the top right.
Enter the quantity of Arbitrum USDC you wish to deposit. There is a flat $0.1 fee for each deposit and withdrawal to prevent spam.
Click “Deposit”.
Sign the (gasless) allowance allowing the platform to transfer the specified amount of USDC to your portfolio.
Your funds will be credited within a few seconds, after the transaction is confirmed on chain.
You’re now ready to trade on Omni!
Trading: The Interface Explained

Order Entry Form: This is where you will input all information about the position(s) you wish to open.
Market Selector: Located in the top left of the page, the market selector defines which chart you see and which market you are trading in the order entry form.
Leverage: By clicking this button, you can open a slider that modifies the leverage of your position from a minimum of 1x to a maximum of 5x, 20x, or 50x (depending on the market you are trading).
Margin Mode: By clicking this button, you can switch between cross and isolated margin mode. Currently, only cross margin is supported; isolated margin is coming soon.
Order Type: Here, you can choose which type of order you want to submit: market, limit, or TP/SL.
Directional Toggle: Select "buy" if you wish to go long, and "sell" if you wish to go short. The current bid and ask quotes (explained further in #12) for your inputted position size are displayed within this toggle.
Quantity: The amount you wish to buy/sell in the selected market, in either USD or or the underlying asset. Keep in mind that the quantity you are inputting is the after leverage sizing.
Sizing Slider: The sizing slider functions as an alternative to inputting a quantity. The slider goes between using 0% and 100% of your initial margin.
Reduce Only: Sets whether or not the order should be rejected if it would not decrease your position. For example, if you have a long position open and wish to submit a sell order to close it out, you can check Reduce Only to ensure you don’t accidentally end up with an open short position due to a quantity mismatch or race with another limit.
Take Profit / Stop Loss: Extra settings to input associated take profit and stop loss orders for the position you are about to open. Take profits and stop losses are executed based on quoted prices, not mark or index prices. Read more about take profit and stop loss orders in the docs.
Order Execution Button: Submit the order currently in the Order Entry Form.
Quote: Omni does not have an orderbook. Instead, once an order is entered into the Order Entry Form, the platform’s liquidity provider (OLP) will offer you a quote. This quote is an estimate of the price at which the trade would be executed. Read more about the quoted price in the docs.
Est. Slippage and Slippage Limit: Estimated slippage displays the difference between the mark price and the current quoted price. Slippage limits instruct the platform to reject your order if the difference between the mark and final entry price is greater than your set threshold. Read more about slippage in the docs.
Mark Price: the calculated “fair value” of the market, based on the index price (shown on the chart), funding rates, and more. Margin requirements are calculated based on this price. Read more about the mark price in the docs.
Market Information: This section above the chart shows the market’s FDV, long open interest, short open interest, hourly funding rate, and time until the next funding payment, respectively. Note both Omni's unique funding windows, and that funding rates on low-FDV/illiquid assets will likely be higher than funding rates on majors. Read more about open interest and funding rates in the docs.
Open Positions Table: This table shows all of your positions, displaying the market, quantity, current mark price, total notional value of the position, entry price, estimated liquidation price, cumulative funding payments made/received, UPnL, and RPnL, respectively.
Add TP/SL Button: This button allows you to add take profit/stop loss orders to a position that does not already have them, or modify existing take profit/stop loss orders on a position that already has them. Read more about take profit and stop loss orders in the docs.
Close Position Button: This button will open a modal that allows you to close a percentage (up to 100%) of your position at the current quoted price. Orders submitted with the Close Position Button will bypass certain restrictions (for example, try this if you are hitting risk limits when attempting to close a position through Order Entry).
Position / Order Lines Toggle: This setting enables and disables lines showing your entry price(s) and TP/SL orders on the chart. Note that because the chart displays index prices and TP/SL orders execute based on quoted prices by default, it is possible to see the chart breach a TP/SL line without the order triggering (and vice versa, the chart not quite hitting a TP/SL line and it triggering).
Portfolio / Initial Margin / Maintenance Margin Display: These show, respectively, your total portfolio value, your current initial margin usage, and your current maintenance margin usage. Read more about initial and maintenance margin in the docs.
Transfer Button: This button will open a modal that allows you to deposit more funds to your portfolio or withdraw funds back to your wallet.
Help & Support: Click this to open an in-app channel with our support team. See the Getting Help page of the docs for more info.
Feedback
The primary purpose of the Omni Mainnet Private Beta to collect feedback on the platform from users. If you have feedback (bug reports, feature suggestions, UI/UX recommendations, etc.) please contact us through the relevant channel(s) in our Discord.
We hope you enjoy trading on Omni!
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