LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GMXLIT/USD [ETH-USDC]	3.0934	L +0.0408S −0.0185	pay 0.0051% / 1h	11m 50s	$55K	$109K	45x	Long GMX5% off
SHORT	Variational OmniLIGHTER	3.0786	+0.0100	get 0.0050% / 4h	2h 11m	$4.7M	$3.0M	50x	Short Variational Omni+15% pts

Price gap−0.480%

Funding gap−0.0308% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.385% 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−$59−0.0308% /8h now · paid −0.590% over the last 7D

Price−$39spread −0.480% now, avg −0.095% → −0.385% if it goes back

Costsno datano order book for GMX

Result, before costs−$98−0.98%+ Points / potential airdropVariational Omni: points · farm boardcosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now−0.480%

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

2 ok · 3 to watch

Note: Order book unknown—
No order-book sample for GMX: its slippage is not counted.
Note: Margin at max leverage$222 + $200
GMX 45x, 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: −$9.23Long GMX: 24 payments, −$12.23; short Variational Omni: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.480% vs −0.095%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$55K vs $4.7M OI
GMX sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legGMX No · Variational Omni No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0281%/8h × 21 periods−$58.96

Price spread−0.480% → −0.095% (7d avg)−$38.55

Slippage, 4 ordersno data for GMX—

Fee GMX bp × 2 orders−$12.00

Fee Variational Omni bp × 2 orders$0.00

Net, fees only · 7 days · $10k−$109.51

Costs to cover0.120%Break-evennever at this rate

Slippage: GMX: no order-book sample; Variational Omni: RFQ quote, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGMX—————

SELL · SHORTVariational Omni3.2117.6 bp−$1829.1 bp−$291doesn’t fitdoesn’t fit

Closing costs about the same again.
GMX: no data.

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