Head to head
the arrow points to the better figure| Lighter | ApeX Omni | |
|---|---|---|
| Trading | ||
| $0.77 | ◀BTC trade, $10k | $10.40 |
| $266 | ◀BTC trade, $1M | $2,633 |
| $13.5M | BTC book depth≈ | $13.2M |
| 0.000%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 50x | Max leverage▶ | 100x |
| Size | ||
| $531.0M | ◀Volume 24h | $428.6M |
| $1.39B | ◀Volume, 7-day average | $415.3M |
| $591.1Mone side | Open interest | $153.8Mlongs + shorts |
| $663.6M | ◀TVL | $31.3M |
| Markets | ||
| 196 | ◀Markets | 126 |
| 90 | ◀Stocks & RWA | 40 |
| 1h | Funding paid every | 1h |
| +0.0096% | BTC funding /8h | +0.0045% |
| +0.677% | BTC longs paid, 30d | +0.329% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $APEX |
| Season 3 | Airdrop | Not active |
Cost to trade ETH
| Size | Lighter | ApeX Omni |
|---|---|---|
| $1k | $0.060.6 bp | $1.0110.1 bp |
| $10k | $0.720.7 bp | $10.1710.2 bp |
| $100k | $10.411.0 bp | $12012.0 bp |
| $1M | $2422.4 bp | $2,48624.9 bp |
| $5M | $3,3386.7 bp | $54,115108.2 bp |
LIT funding per day
Size
daily, last yearVolume by asset class
last yearOn both: 107
funding /8h · Net 7d at $10k| Asset | Lighter | ApeX Omni | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | +0.0045% | +0.0051% | −$11 |
| ETH | +0.0080% | +0.0088% | +0.0008% | −$17 |
| SOL | +0.0048% | −0.0133% | +0.0181% | +$17 |
| XRP | +0.0056% | +0.0100% | +0.0044% | −$10 |
| LTC | +0.0096% | +0.0383% | +0.0287% | −$15 |
| HYPE | +0.0096% | +0.0100% | +0.0004% | −$18 |
| ZEC | +0.0336% | +0.0100% | +0.0236% | −$11 |
| NEAR | +0.0152% | +0.0100% | +0.0052% | −$12 |
| PAXG | +0.0096% | +0.0100% | +0.0004% | +$8 |
| ADA | −0.0112% | +0.0100% | +0.0212% | −$24 |
| BCH | +0.0096% | −0.0045% | +0.0141% | −$29 |
| DOGE | +0.0096% | +0.0100% | +0.0004% | −$38 |
| BNB | +0.0096% | +0.0100% | +0.0004% | −$15 |
| XLM | +0.0096% | −0.0020% | +0.0116% | −$55 |
| TRX | +0.0072% | +0.0100% | +0.0028% | +$15 |
| POL | +0.0096% | +0.0089% | +0.0007% | −$50 |
| AAVE | +0.0096% | +0.0100% | +0.0004% | −$41 |
| PUMP | +0.0096% | +0.0072% | +0.0024% | −$32 |
| HBAR | −0.0032% | +0.0100% | +0.0132% | −$31 |
| JUP | +0.0096% | +0.0100% | +0.0004% | −$88 |
Only on Lighter: 101
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Questions
Is Lighter or ApeX Omni cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $0.77 on Lighter and $10.40 on ApeX Omni right now, taker fee and order-book slippage together, so Lighter is cheaper. Taker fees: 0% and 0.05%. 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 ApeX Omni?
Lighter lists 196 active markets and ApeX Omni 126; 107 assets trade on both, 37 of them stocks, commodities or other real-world assets.
Does Lighter or ApeX Omni 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. ApeX Omni: No ID; not for the US or sanctioned countries.
Can you arbitrage funding between Lighter and ApeX Omni?
Yes: 3 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was SOL, long on ApeX Omni and short on Lighter, with $17 left after costs.
Which is bigger, Lighter or ApeX Omni?
24-hour volume: Lighter $531.0M, ApeX Omni $428.6M. Open interest as each reports it: $591.1M and $153.8M. ApeX Omni reports open interest as longs plus shorts, both sides of every position; Lighter reports one side. For the same positions ApeX Omni's figure reads about twice as large. TVL: $663.6M and $31.3M.