LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniLIGHTER	3.0902	+0.0100	pay 0.0050% / 4h	1h 10m	$4.8M	$3.0M	50x	Long Variational Omni+15% pts
SHORT	DeribitLIT_USDC-PERPETUAL	3.0882	−0.0520	pay 0.0065% / 1h	10m 02s	$87K	$245K	10x	Short Deribit

Price gap−0.065%

Funding gap−0.0620% /8h

Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.175% 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−$28−0.0620% /8h now · paid −0.279% over the last 7D

Price−$17spread −0.065% now, avg +0.110% → −0.175% if it goes back

Costs−$640.638% of $10k · taker + slippage, in and out

Result−$109−1.09%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.279% in total, about −0.0133%/8h on average.

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−0.065%

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 size24.1 / 9.7 bp
At $10k entering Variational Omni costs 24.1 bp, fee and slippage, 2.5× Deribit’s.
Note: Margin at max leverage$200 + $1,000
Variational Omni 50x, Deribit 10x. 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: −$18.60Long Variational Omni: 6 payments, −$3.00; short Deribit: 24 payments, −$15.60.
Watch: Gap narrower than usual−0.065% vs +0.110%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short 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: KYCVariational Omni No · Deribit Yes
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−0.0133%/8h × 21 periods−$27.90

Price spread−0.065% → +0.110% (7d avg)−$17.47

Slippage, 4 orderslive order books−$56.84

Fee Variational Omni bp × 2 orders$0.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k−$109.21

Costs to cover0.638%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, just now; Deribit: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni2.8824.1 bp−$2443.6 bp−$436doesn’t fitdoesn’t fit

SELL · SHORTDeribit5.539.7 bp−$1030.7 bp−$307doesn’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