LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BloFinLIT-USDT	2.7036	+0.0400	pay 0.0200% / 4h	2h 11m	$2.8M	$1.7M	75x	Long BloFin
SHORT	Variational OmniLIGHTER	2.6960	+0.0100	get 0.0050% / 4h	2h 11m	$4.7M	$4.9M	50x	Short Variational Omni+15% pts

Price gap−0.281%

Funding gap−0.0300% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.153% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$5−0.0300% /8h now · paid +0.054% over the last 7D

Price−$15spread −0.281% now, avg −0.129% → −0.153% if it goes back

Costs−$760.762% of $10k · taker + slippage, in and out

Result−$86−0.86%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.054% in total, about +0.0026%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.281%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

LIT on 46 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size14.3 / 24.6 bp
At $10k entering Variational Omni costs 24.6 bp, fee and slippage, 1.7× BloFin’s.
Note: Margin at max leverage$133 + $200
BloFin 75x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$9.00Long BloFin: 6 payments, −$12.00; short Variational Omni: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.281% vs −0.129%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Long leg is thinner$2.8M vs $4.7M OI
Both legs are deep; BloFin is the smaller one.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCBloFin Limited · Variational Omni No
No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0026%/8h × 21 periods+$5.42

Price spread−0.281% → −0.129% (7d avg)−$15.28

Slippage, 4 orderslive order books−$64.19

Fee BloFin bp × 2 orders−$12.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$86.05

Costs to cover0.762%Break-even118.1 days

Slippage: BloFin: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBloFin0.5514.3 bp−$14doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTVariational Omni2.8924.6 bp−$2544.5 bp−$445doesn’t fitdoesn’t fit

Closing costs about the same again.

LIT news

posts that mention LIT, from every exchangeSearch all news →

10-30 14:20	Derive	Listing	LIT is now live as collateral on Derive 🕯️ Deposit LIT and put it to work without selling it: • Margin LIT options and LIT-PERP • Sell covered calls against your LIT • Use it as cross-margin for BTC, ETH, HYPE and alts Keep your exposure to @Lighter_xyz while making your holdings productive. @DeriveXYZ on X ↗
10-29 18:30	OKX	Other	A fresh X Drops Club just landed in Europe: @CetusProtocol Trade CETUS, HYPE, ENA, LIT, GRASS, GRVT, FET, HUMA or LINK for a share of 4.5M $CETUS, with CETUS trades counting 5×. This one moves fast. Get in before Nov 1. @okx on X ↗
10-28 14:18	Derive	Other	V3 is running smoothly, and our team keeps shipping improvements. Here are three updates traders can expect this week: • Lower options margin. You can trade BTC, ETH, and other supported options with less collateral in standard-margin accounts, leaving more available for your next trade. • More capital-efficient collateral. You can borrow more against $HYPE and $kHYPE in eligible accounts. • More collateral types. We'll add $LIT as collateral to back supported altcoin markets. @DeriveXYZ on X ↗
10-28 13:48	Derive	Other	V3 is running smoothly, and our team keeps shipping improvements. Here are three features going into effect for traders soon: • Lower options margin. You can trade BTC, ETH, and other supported options with less collateral in standard-margin accounts, leaving more available for your next trade. • $DRV perps. You can trade DRV with up to 3x leverage and use your DRV holdings as collateral in supported accounts. • More collateral options. You can borrow more against HYPE and kHYPE in eligible accounts, and use $LIT to back supported altcoin trades. @DeriveXYZ on X ↗
10-23 16:16	Derive	Other	Big LIT options flow on Derive 🕯️ A trader sold $330k notional of LIT calls expiring 25 December, collecting $31k in premium upfront. TL;DR: they’re selling upside roughly ~36% above spot into year-end. @DeriveXYZ on X ↗
10-23 09:05	Reya	Listing	new market LITRUSDPERP ($LIT) seen by our collector

LIT