Lighter vs Arcus
Lighter traded 3.9× Arcus's 24-hour volume ($942.0M vs $241.3M) and holds 5.7× its open interest.
Head to head
the arrow points to the better figure| Lighter | Arcus | |
|---|---|---|
| Trading | ||
| $0.69 | ◀BTC trade, $10k | $4.51 |
| $216 | ◀BTC trade, $1M | $609 |
| $12.9M | ◀BTC book depth | $3.5M |
| 0.000%/0.000% | ◀Taker / maker | 0.022%/0.000% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $942.0M | ◀Volume 24h | $241.3M |
| $1.66B | ◀Volume, 7-day average | $458.2M |
| $562.9M | ◀Open interest | $99.6M |
| $636.8M | ◀TVL | $48.9M |
| Markets | ||
| 197 | ◀Markets | 60 |
| 95 | ◀Stocks & RWA | 36 |
| 1h | Funding paid every | 1h |
| +0.0024% | BTC funding /8h | +0.0100% |
| +0.592% | BTC longs paid, 30d | — |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | none yet |
| Season 3 | Airdrop | Active |
Cost to trade ETH
| Size | Lighter | Arcus |
|---|---|---|
| $1k | $0.060.6 bp | $0.454.5 bp |
| $10k | $0.660.7 bp | $5.215.2 bp |
| $100k | $15.561.6 bp | $62.226.2 bp |
| $1M | $3683.7 bp | $9789.8 bp |
| $5M | $4,2428.5 bp | — |
BTC funding per day
pair pageSize
daily, last yearVolume by asset class
last yearOn both: 54
funding /8h · Net 7d at $10k| Asset | Lighter | Arcus | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0024% | +0.0100% | +0.0076% | +$4 |
| ETH | +0.0024% | −0.0147% | +0.0171% | −$27 |
| HYPE | +0.0096% | +0.0100% | +0.0004% | $0 |
| SOL | +0.0096% | +0.0100% | +0.0004% | +$39 |
| LIT | +0.0096% | +0.0100% | +0.0004% | $0 |
| ZEC | +0.0096% | +0.0100% | +0.0004% | +$9 |
| NEAR | +0.0096% | +0.0100% | +0.0004% | −$4 |
| ENA | +0.0096% | +0.0108% | +0.0012% | +$9 |
| BNB | +0.0088% | +0.0100% | +0.0012% | −$2 |
| FARTCOIN | +0.0096% | +0.0100% | +0.0004% | +$28 |
| XRP | −0.0080% | +0.0100% | +0.0180% | +$24 |
| PUMP | +0.0096% | +0.0100% | +0.0004% | −$10 |
| UNI | +0.0096% | +0.0100% | +0.0004% | −$13 |
| LINK | +0.0072% | +0.0100% | +0.0028% | −$8 |
| CASHCAT | +0.8072% | +0.0100% | +0.7972% | −$213 |
| PONS | +0.0096% | +0.0100% | +0.0004% | −$26 |
| AAVE | +0.0096% | +0.0100% | +0.0004% | −$21 |
| SUI | +0.0096% | +0.0100% | +0.0004% | −$18 |
| USELESS | +0.0096% | +0.0100% | +0.0004% | −$12 |
| DOGE | +0.0096% | +0.0100% | +0.0004% | −$8 |
Only on Lighter: 156
XAU · ZRO · WLD · XPL · XAG · CL · SP500 · SKHYNIX · NAS100 · GRAM · BZ · ADA · EUR · XMR · PAXG · ANTHROPIC · SAMSUNG · OPENAI · AERO · AVAX · USDCAD · VVV · NATGAS · GRASS · USDCHF · ETHFI · LTC · LDO · SOXL · ASTER · USDKRW · ARB · ONDO · STRC · STABLECOINX · US10Y · JUP · HBAR · STRK · COPPER · BMNR · BCH · APT · TIA · EIGEN · VIRTUAL · MEGA · AI · MORPHO · PEPE · XPD · TRUMP · USDJPY · SKY · MON · PENDLE · AUD · CHIP · GBP · STONK · and 96 more
Questions
Is Lighter or Arcus cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $0.69 on Lighter and $4.51 on Arcus right now, taker fee and order-book slippage together, so Lighter is cheaper. Taker fees: 0% and 0.0225%. 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 Arcus?
Lighter lists 197 active markets and Arcus 60; 54 assets trade on both, 30 of them stocks, commodities or other real-world assets.
Does Lighter or Arcus 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. Arcus: No ID; not available in the US, Canada, the UK or sanctioned regions.
Can you arbitrage funding between Lighter and Arcus?
Yes: 14 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 Lighter and short on Arcus, with $39 left after costs.
Which is bigger, Lighter or Arcus?
24-hour volume: Lighter $942.0M, Arcus $241.3M. Open interest as each reports it: $562.9M and $99.6M. TVL: $636.8M and $48.9M.