LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniLIGHTER	3.0890	+0.0100	pay 0.0050% / 4h	3h 20m	$4.8M	$2.8M	50x	Long Variational Omni+15% pts
SHORT	BackpackLIT_USDC_PERP	3.0933	−0.0088	pay 0.0011% / 1h	20m 10s	$444K	$68K	5x	Short Backpack

Price gap+0.138%

Funding gap−0.0188% /8h

The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 25 hours.

If you open now and hold

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

Funding−$22−0.0188% /8h now · paid −0.216% over the last 7D

Price+$6spread +0.138% now, avg +0.080% → +0.058% if it goes back

Costs−$700.699% 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

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+0.138%

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 size25.9 / 9.6 bp
At $10k entering Variational Omni costs 25.9 bp, fee and slippage, 2.7× Backpack’s.
Note: Margin at max leverage$200 + $2,000
Variational Omni 50x, Backpack 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$5.63Long Variational Omni: 6 payments, −$3.00; short Backpack: 24 payments, −$2.63.
OK: Entry gap works for you+0.138% vs +0.080%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$444K vs $4.8M OI
Backpack sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · Backpack Yes
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0103%/8h × 21 periods−$21.57

Price spread+0.138% → +0.080% (7d avg)+$5.79

Slippage, 4 orderslive order books−$59.90

Fee Variational Omni bp × 2 orders$0.00

Fee Backpack bp × 2 orders−$10.00

Net · 7 days · $10k−$85.69

Costs to cover0.699%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 1 min ago; Backpack: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni2.8825.9 bp−$2644.3 bp−$443doesn’t fitdoesn’t fit

SELL · SHORTBackpack0.819.6 bp−$1049.9 bp−$499doesn’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