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 50s	$4.5M	$2.7M	50x	Long Variational Omni+15% pts
SHORT	HyperliquidLIT	3.0263	+0.0100	get 0.0013% / 1h	2m 50s	$107.8M	$11.4M	5x	Short Hyperliquid4% off

Price gap+0.774%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$62 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding−$150.0000% /8h now · paid −0.145% over the last 7D

Price+$62spread +0.774% now, avg +0.150% → +0.624% if it goes back

Costs−$630.628% of $10k · taker + slippage, in and out

Result−$15−0.15%+ Points / potential airdropVariational Omni: points · Hyperliquid: Season 2 · 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+0.774%

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 / 7.9 bp
At $10k entering Variational Omni costs 24.5 bp, fee and slippage, 3.1× Hyperliquid’s.
Note: Margin at max leverage$200 + $2,000
Variational Omni 50x, Hyperliquid 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: $0.00Long Variational Omni: 6 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
OK: Entry gap works for you+0.774% vs +0.150%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$4.5M vs $107.8M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points · Hyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni No · Hyperliquid 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−0.0069%/8h × 21 periods−$14.53

Price spread+0.774% → +0.150% (7d avg)+$62.37

Slippage, 4 orderslive order books−$53.85

Fee Variational Omni bp × 2 orders$0.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k−$15.00

Costs to cover0.628%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 1 min ago; Hyperliquid: live order book, 5 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 · SHORTHyperliquid0.507.9 bp−$819.6 bp−$19680.7 bp−$8,073doesn’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