LIT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniLIGHTER	3.0411	+0.0100	pay 0.0050% / 4h	3h 12m	$4.6M	$2.9M	50x	Long Variational Omni+15% pts
SHORT	OrderlyPERP_LIT_USDC	3.0511	−0.0075	pay 0.0038% / 4h	3h 12m	$26K	$577K	10x	Short Orderly

Price gap+0.330%

Funding gap−0.0175% /8h

The gap pays +$30 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 5.7 days. At the last 7 days' pace that is about 2.4 days.

If you open now and hold

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

Funding−$88−0.0175% /8h now · paid −0.875% over the last 7D

Price+$30spread +0.330% now, avg +0.028% → +0.302% if it goes back

Costsno datano order book for Orderly

Result, before costs−$57−0.57%+ Points / potential airdropVariational Omni: points · farm boardcosts unknown: no order book for Orderly · What 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+0.330%

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

4 ok · 1 to watch

Note: Order book unknown—
No order-book sample for Orderly: its slippage is not counted.
Note: Margin at max leverage$200 + $1,000
Variational Omni 50x, Orderly 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$5.26Long Variational Omni: 6 payments, −$3.00; short Orderly: 6 payments, −$2.26.
OK: Entry gap works for you+0.330% vs +0.028%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$26K vs $4.6M OI
Orderly 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 · Orderly 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−0.0417%/8h × 21 periods−$87.53

Price spread+0.330% → +0.028% (7d avg)+$30.18

Slippage, 4 ordersno data for Orderly—

Fee Variational Omni bp × 2 orders$0.00

Fee Orderly bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$63.35

Costs to cover0.060%Break-evenfrom the start

Slippage: Variational Omni: RFQ quote, 1 min ago; Orderly: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni2.8824.1 bp−$2442.5 bp−$425doesn’t fitdoesn’t fit

SELL · SHORTOrderly—————

Closing costs about the same again.
Orderly: no data.

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