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 |
BTC funding per day
pair pageSize
daily, last 30 daysVolume by asset class
last 30 daysOn both: 107
funding /8h · Net 7d at $10k| Asset | Lighter | ApeX Omni | Spread | Net 7d |
|---|---|---|---|---|
| AAPL | +0.0032% | +0.0100% | +0.0068% | $0 |
| NATGAS | +0.0032% | +0.0100% | +0.0068% | −$287 |
| SPY | +0.0032% | +0.0100% | +0.0068% | −$28 |
| AMZN | +0.0032% | +0.0100% | +0.0068% | −$36 |
| XAU | +0.0032% | +0.0100% | +0.0068% | −$38 |
| CL | +0.0032% | +0.0100% | +0.0068% | −$14 |
| XAG | +0.0032% | +0.0100% | +0.0068% | −$37 |
| MSTR | −0.0064% | +0.0100% | +0.0164% | −$130 |
| COIN | −0.0408% | +0.0100% | +0.0508% | −$4 |
| ORCL | +0.0032% | +0.0100% | +0.0068% | −$64 |
| MU | +0.0032% | +0.0100% | +0.0068% | −$26 |
| SNDK | +0.0032% | +0.0100% | +0.0068% | −$16 |
| CRCL | −0.0176% | +0.0100% | +0.0276% | — |
| INTC | +0.0032% | +0.0100% | +0.0068% | −$29 |
| MRVL | +0.0032% | +0.0100% | +0.0068% | — |
| SPCX | +0.0032% | +0.0100% | +0.0068% | −$21 |
| SOXL | +0.0168% | +0.0100% | +0.0068% | −$91 |
| META | +0.0032% | +0.0100% | — | — |
| GOOGL | +0.0032% | +0.0100% | — | — |
| BMNR | +0.0032% | +0.0100% | — | — |
Only on Lighter: 101
NAS100 · SKHYNIXUSD · XMR · EUR · SAMSUNGUSD · VVV · ANTHROPIC · SP500 · AERO · USDCAD · ETHFI · OPENAI · GRASS · USDCHF · SKHY · STRC · STABLECOINX · NBIS · USDKRW · US10Y · STONK · TRUMP · MORPHO · AUD · COPPER · NZDUSD · AI · USDJPY · XPD · CRWV · BB · GBP · BABA · XPT · DOT · ICP · CC · STRK · ANSEM · SYRUP · RIVER · SHIB · PYTH · TSM · JTO · RAY · STABLE · ZHIPU · IBM · DYDX · GMX · FOLKS · STBL · BOT · DASH · NMR · AZTEC · TENCENT · FF · SKR · and 41 more
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.