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 12s	$4.5M	$2.7M	50x	Long Variational Omni+15% pts
SHORT	LighterLIT	3.0202	−0.0296	pay 0.0037% / 1h	2m 12s	$30.4M	$13.4M	5x	Short Lighter7d free

Price gap+0.571%

Funding gap−0.0396% /8h

The gap pays +$40 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 3.3 days. At the last 7 days' pace that is about 21 days.

If you open now and hold

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

Funding−$13−0.0396% /8h now · paid −0.133% over the last 7D

Price+$40spread +0.571% now, avg +0.174% → +0.398% if it goes back

Costs−$600.596% of $10k · taker + slippage, in and out

Result−$33−0.33%+ Points / potential airdropVariational Omni: points · Lighter: Season 3 · 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 −0.133% in total, about −0.0063%/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+0.571%

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 / 8.0 bp
At $10k entering Variational Omni costs 24.5 bp, fee and slippage, 3.1× Lighter’s.
Note: Margin at max leverage$200 + $2,000
Variational Omni 50x, Lighter 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: −$11.88Long Variational Omni: 6 payments, −$3.00; short Lighter: 24 payments, −$8.88.
OK: Entry gap works for you+0.571% vs +0.174%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$4.5M vs $30.4M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points · Lighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni No · Lighter 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−0.0063%/8h × 21 periods−$13.26

Price spread+0.571% → +0.174% (7d avg)+$39.75

Slippage, 4 orderslive order books−$59.62

Fee Variational Omni bp × 2 orders$0.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$33.12

Costs to cover0.596%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 1 min ago; Lighter: 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 · SHORTLighter1.508.0 bp−$826.0 bp−$260107.3 bp−$10.7Kdoesn’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