Head to head
the arrow points to the better figure| Lighter | ApeX Omni | |
|---|---|---|
| Trading | ||
| $0.83 | ◀BTC trade, $10k | $10.86 |
| $278 | ◀BTC trade, $1M | $1,577 |
| $12.2M | BTC book depth≈ | $13.3M |
| 0.000%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 50x | Max leverage▶ | 100x |
| Size | ||
| $544.4M | ◀Volume 24h | $429.4M |
| $1.39B | ◀Volume, 7-day average | $415.3M |
| $591.9Mone side | Open interest | $153.9Mlongs + shorts |
| $663.6M | ◀TVL | $31.3M |
| Markets | ||
| 196 | ◀Markets | 126 |
| 90 | ◀Stocks & RWA | 40 |
| 1h | Funding paid every | 1h |
| +0.0088% | BTC funding /8h | +0.0034% |
| +0.676% | BTC longs paid, 30d | +0.326% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $APEX |
| Season 3 | Airdrop | Not active |
Cost to trade BTC
| Size | Lighter | ApeX Omni |
|---|---|---|
| $1k | $0.060.6 bp | $1.0910.9 bp |
| $10k | $0.830.8 bp | $10.8610.9 bp |
| $100k | $13.441.3 bp | $10910.9 bp |
| $1M | $2782.8 bp | $1,57715.8 bp |
| $5M | $3,3786.8 bp | $36,96273.9 bp |
ETH funding per day
pair pageSize
daily, last yearVolume by asset class
last yearOn 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% | −$250 |
| SPY | +0.0032% | +0.0100% | +0.0068% | −$30 |
| AMZN | +0.0032% | +0.0100% | +0.0068% | −$40 |
| MSTR | +0.0280% | +0.0100% | +0.0180% | −$102 |
| XAU | +0.0032% | +0.0100% | +0.0068% | −$37 |
| CL | +0.0032% | +0.0100% | +0.0068% | −$21 |
| XAG | +0.0032% | +0.0100% | +0.0068% | −$34 |
| ORCL | +0.0032% | +0.0100% | +0.0068% | −$65 |
| COIN | +0.0104% | +0.0100% | +0.0004% | — |
| MU | +0.0032% | +0.0100% | +0.0068% | −$29 |
| SNDK | +0.0032% | +0.0100% | +0.0068% | −$15 |
| CRCL | +0.0464% | +0.0100% | +0.0372% | — |
| INTC | +0.0032% | +0.0100% | +0.0068% | −$28 |
| MRVL | +0.0032% | +0.0100% | +0.0068% | — |
| SPCX | +0.0032% | +0.0100% | +0.0068% | −$21 |
| SOXL | +0.0032% | +0.0100% | +0.0068% | −$69 |
| META | +0.0032% | +0.0100% | — | — |
| GOOGL | +0.0032% | +0.0100% | — | — |
| BMNR | +0.0032% | +0.0100% | — | — |
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 $0.83 on Lighter and $10.86 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: 4 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 $16 left after costs.
Which is bigger, Lighter or ApeX Omni?
24-hour volume: Lighter $544.4M, ApeX Omni $429.4M. Open interest as each reports it: $591.9M and $153.9M. 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.