LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitLIT_USDC-PERPETUAL	3.0932	−0.0147	get 0.0018% / 1h	15m 42s	$87K	$243K	10x	Long Deribit
SHORT	Variational OmniLIGHTER	3.0756	+0.0100	get 0.0050% / 4h	15m 42s	$4.8M	$3.0M	50x	Short Variational Omni+15% pts

Price gap−0.567%

Funding gap+0.0247% /8h

Funding pays +$7 a day on $10k, but the gap is 0.456% under its 7d average: −$46 if it goes back, about 6.1 days of funding.

If you open now and hold

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

Funding+$28+0.0247% /8h now · paid +0.285% over the last 7D

Price−$46spread −0.567% now, avg −0.110% → −0.456% if it goes back

Costs−$900.895% of $10k · taker + slippage, in and out

Result−$107−1.07%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.567%

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 47 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

Watch: Thin at this size9.1 / 29.4 bp
At $10k entering Variational Omni costs 29.4 bp, fee and slippage, 3.2× Deribit’s.
Note: Margin at max leverage$1,000 + $200
Deribit 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$7.42Long Deribit: 24 payments, +$4.42; short Variational Omni: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.567% vs −0.110%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$87K vs $4.8M OI
Deribit sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCDeribit Yes · Variational Omni No
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0136%/8h × 21 periods+$28.48

Price spread−0.567% → −0.110% (7d avg)−$45.64

Slippage, 4 orderslive order books−$82.52

Fee Deribit bp × 2 orders−$7.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$106.67

Costs to cover0.895%Break-even33.2 days

Slippage: Deribit: live order book, 18 min ago; Variational Omni: RFQ quote, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit5.609.1 bp−$9doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTVariational Omni2.8829.4 bp−$2953.5 bp−$535doesn’t fitdoesn’t fit

Closing costs about the same again.

LIT news

posts that mention LIT, from every exchangeSearch all news →

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
10-21 18:34	Polymarket Perps	Other	Go long or short LIT on Polymarket Perps👇 @Poly_Perps on X ↗
10-21 12:23	OKX	Other	ZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗
10-16 18:52	Ondo Perps	Listing	New perps across FX, equities, & crypto: ▸ EUR/USD - Euro / US Dollar ▸ DKNG - DraftKings ▸ SKHYNIX - SK hynix (KRX) ▸ LIT - Lighter ▸ NEAR - NEAR Protocol Trade now → @OndoPerps on X ↗
10-16 11:32	Ondo Perps	Listing	new market LIT-USD.P ($LIT) seen by our collector

LIT