Lighter vs Aevo
Lighter traded 354× Aevo's 24-hour volume ($2.68B vs $7.6M) and holds 49× its open interest.
Head to head
the arrow points to the better figure| Lighter | Aevo | |
|---|---|---|
| Trading | ||
| $1.18 | ◀BTC trade, $10k | $55.89 |
| $277 | BTC trade, $1M | — |
| $14.8M | ◀BTC book depth | $451K |
| 0.000%/0.000% | ◀Taker / maker | 0.080%/0.050% |
| 50x | ◀Max leverage | 20x |
| Size | ||
| $2.68B | ◀Volume 24h | $7.6M |
| $2.15B | ◀Volume, 7-day average | $3.0M |
| $510.2M | ◀Open interest | $10.5M |
| $579.7M | ◀TVL | $15.3M |
| Markets | ||
| 201 | ◀Markets | 88 |
| 96 | ◀Stocks & RWA | 47 |
| 1h | Funding paid every | 1h |
| +0.0096% | BTC funding /8h | +0.0096% |
| +0.682% | BTC longs paid, 30d | +0.472% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $AEVO |
| Season 3 | Airdrop | — |
Cost to trade BTC
| Size | Lighter | Aevo |
|---|---|---|
| $1k | $0.101.0 bp | $5.5855.8 bp |
| $10k | $1.181.2 bp | $55.8955.9 bp |
| $100k | $15.611.6 bp | $62162.1 bp |
| $1M | $2772.8 bp | — |
| $5M | $4,3438.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 96
funding /8h · Net 7d at $10k| Asset | Lighter | Aevo | Spread | Net 7d |
|---|---|---|---|---|
| ETH | +0.0096% | +0.0096% | 0.0000% | −$67 |
| BTC | +0.0096% | +0.0096% | 0.0000% | −$59 |
| LINK | +0.0096% | +0.0104% | +0.0008% | −$87 |
| LTC | +0.0096% | +0.0104% | +0.0008% | −$221 |
| HYPE | +0.0096% | +0.0104% | +0.0008% | — |
| BNB | +0.0096% | +0.0104% | +0.0008% | −$125 |
| SOL | +0.0096% | +0.0080% | +0.0016% | −$28 |
| AVAX | 0.0000% | +0.0088% | +0.0088% | −$1,061 |
| PEPE | +0.0096% | +0.0096% | 0.0000% | −$1,192 |
| TAO | −0.0024% | +0.0104% | +0.0128% | −$119 |
| NEAR | 0.0000% | +0.0104% | +0.0104% | −$93 |
| AAVE | +0.0096% | +0.0104% | +0.0008% | −$94 |
| PENGU | +0.0096% | +0.0080% | +0.0016% | −$108 |
| ARB | −0.0312% | +0.0072% | +0.0384% | — |
| LIT | +0.0088% | +0.0008% | +0.0080% | — |
| TRX | −0.0640% | +0.0056% | +0.0696% | — |
| WIF | +0.0096% | +0.0104% | +0.0008% | — |
| XRP | +0.0096% | +0.0104% | +0.0008% | — |
| POL | +0.0096% | +0.0104% | +0.0008% | — |
| ENA | −0.0096% | +0.0104% | +0.0200% | — |
Only on Lighter: 115
NAS100 · NATGAS · BZ · PAXG · ADA · SP500 · GRAM · SKHY · UNITREE · STRC · WLFI · GRASS · BMNR · ASTER · BCH · USDCHF · SKY · US10Y · XPD · BABA · EIGEN · CC · STABLECOINX · ORCL · MORPHO · CASHCAT · DRV · HBAR · DELL · MEGA · EWY · CAP · STONK · STRK · SPX · XLM · MRNA · XTEN · MET · SEI · NOW · CRWV · OURA · CHIP · DOT · SYRUP · BB · LINEA · IBM · GMX · MNT · FOLKS · S · FIL · SHIB · ICP · TENCENT · AI · IWM · CXMT · and 55 more
Questions
Is Lighter or Aevo cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.18 on Lighter and $55.89 on Aevo right now, taker fee and order-book slippage together, so Lighter is cheaper. Taker fees: 0% and 0.08%. Lighter: 0 / 0 is the default Standard account, whose taker orders wait 300 ms; a Premium account (140 ms) pays 0.4 bp maker, 2.8 bp taker.
Which has more markets, Lighter or Aevo?
Lighter lists 201 active markets and Aevo 88; 96 assets trade on both, 45 of them stocks, commodities or other real-world assets.
Does Lighter or Aevo require KYC?
Lighter: No ID (the card deposit on-ramp is optional); not for the US, Canada, the UK, China, Russia, Ukraine or sanctioned countries. Aevo: No ID (the terms keep a right to check); not for the UK, Canada, Singapore, China, Russia or sanctioned countries.
Can you arbitrage funding between Lighter and Aevo?
Not profitably right now: none of the 96 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Lighter or Aevo?
24-hour volume: Lighter $2.68B, Aevo $7.6M. Open interest as each reports it: $510.2M and $10.5M. TVL: $579.7M and $15.3M.