LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniLIGHTER	3.0031	+0.0100	pay 0.0050% / 4h	2m 14s	$4.5M	$2.7M	50x	Long Variational Omni+15% pts
SHORT	BulletLIT-USD	3.0244	−0.0485	pay 0.0061% / 1h	2m 14s	$76K	$429K	20x	Short Bullet

Price gap+0.710%

Funding gap−0.0585% /8h

The gap pays +$58 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 3.3 days.

If you open now and hold

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

Funding−$118−0.0585% /8h now · paid −1.181% over the last 7D

Price+$58spread +0.710% now, avg +0.128% → +0.582% if it goes back

Costs−$540.535% of $10k · taker + slippage, in and out

Result−$113−1.13%+ 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+0.710%

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

3 ok · 3 to watch

Watch: Thin at this size24.5 / 1.8 bp
At $10k entering Variational Omni costs 24.5 bp, fee and slippage, 13.8× Bullet’s.
Note: Margin at max leverage$200 + $500
Variational Omni 50x, Bullet 20x. 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: −$17.54Long Variational Omni: 6 payments, −$3.00; short Bullet: 24 payments, −$14.54.
OK: Entry gap works for you+0.710% vs +0.128%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$76K vs $4.5M OI
Bullet 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 legVariational Omni No · Bullet 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−0.0563%/8h × 21 periods−$118.14

Price spread+0.710% → +0.128% (7d avg)+$58.18

Slippage, 4 orderslive order books−$53.52

Fee Variational Omni bp × 2 orders$0.00

Fee Bullet bp × 2 orders$0.00

Net · 7 days · $10k−$113.49

Costs to cover0.535%Break-evenfrom the start

Slippage: Variational Omni: RFQ quote, 1 min ago; Bullet: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni2.8824.5 bp−$2542.5 bp−$425doesn’t fitdoesn’t fit

SELL · SHORTBullet0.331.8 bp−$26.0 bp−$60doesn’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