LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixLIT	3.0983	−0.0129	get 0.0016% / 1h	14m 19s	$152K	$47K	5x	Long Phoenix
SHORT	Variational OmniLIGHTER	3.0902	+0.0100	get 0.0050% / 4h	1h 14m	$4.8M	$3.0M	50x	Short Variational Omni+15% pts

Price gap−0.261%89s

Funding gap+0.0229% /8h

Funding pays +$7 a day on $10k, but the gap is 0.080% under its 7d average: −$8 if it goes back, about 28 hours of funding.

If you open now and hold

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

Funding+$34+0.0229% /8h now · paid +0.343% over the last 7D

Price—spread −0.261%89s now · prices read too far apart to compare

Costs−$870.873% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

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−0.261%

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 · 4 to watch

Watch: Thin at this size19.7 / 25.5 bp
At $10k entering Variational Omni costs 25.5 bp, fee and slippage, 1.3× Phoenix’s.
Note: Margin at max leverage$2,000 + $200
Phoenix 5x, 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: +$6.86Long Phoenix: 24 payments, +$3.86; short Variational Omni: 6 payments, +$3.00.
Watch: Prices read 89 s apart−0.261% vs −0.182%
Part of this gap may be the market moving.
Watch: Long leg is thinner$152K vs $4.8M OI
Phoenix 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 legPhoenix 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+0.0163%/8h × 21 periods+$34.33

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$80.33

Fee Phoenix bp × 2 orders−$7.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$53.00

price spread not counted: prices read too far apart

Costs to cover0.873%Break-even17.8 days

Slippage: Phoenix: live order book, 23 min ago; Variational Omni: RFQ quote, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.8919.7 bp−$2065.3 bp−$653doesn’t fitdoesn’t fit

SELL · SHORTVariational Omni2.8825.5 bp−$2644.0 bp−$440doesn’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