Lighter vs Arcus
Lighter traded 4.1× Arcus's 24-hour volume ($2.40B vs $584.3M) and holds 8.0× its open interest.
Head to head
the arrow points to the better figure| Lighter | Arcus | |
|---|---|---|
| Trading | ||
| $0.34 | ◀BTC trade, $10k | $4.51 |
| $244 | ◀BTC trade, $1M | $643 |
| $13.9M | ◀BTC book depth | $3.3M |
| 0.000%/0.000% | ◀Taker / maker | 0.022%/0.000% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $2.40B | ◀Volume 24h | $584.3M |
| $1.61B | ◀Volume, 7-day average | $460.8M |
| $599.7M | ◀Open interest | $74.9M |
| $649.2M | ◀TVL | $43.8M |
| Markets | ||
| 197 | ◀Markets | 60 |
| 95 | ◀Stocks & RWA | 36 |
| 1h | Funding paid every | 1h |
| 0.0000% | BTC funding /8h | +0.0100% |
| +0.646% | BTC longs paid, 30d | — |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | none yet |
| Season 3 | Airdrop | Active |
Cost to trade BTC
| Size | Lighter | Arcus |
|---|---|---|
| $1k | $0.020.2 bp | $0.454.5 bp |
| $10k | $0.340.3 bp | $4.514.5 bp |
| $100k | $7.910.8 bp | $48.204.8 bp |
| $1M | $2442.4 bp | $6436.4 bp |
| $5M | $3,3416.7 bp | — |
ZEC 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 |
|---|---|---|---|---|
| SPY | +0.0032% | +0.0038% | +0.0006% | −$12 |
| QQQ | +0.0032% | +0.0038% | +0.0006% | −$3 |
| NVDA | +0.0032% | +0.0038% | +0.0006% | +$12 |
| SNDK | +0.0032% | +0.0038% | +0.0006% | +$10 |
| HOOD | +0.0032% | +0.0038% | +0.0006% | −$10 |
| GOOGL | +0.0032% | +0.0038% | +0.0006% | +$15 |
| AAPL | +0.0032% | +0.0038% | +0.0006% | −$7 |
| MU | +0.0032% | +0.0038% | +0.0006% | +$20 |
| AMZN | +0.0032% | +0.0038% | +0.0006% | +$3 |
| META | +0.0032% | +0.0038% | +0.0006% | +$3 |
| DRAM | +0.0240% | +0.0038% | +0.0202% | −$41 |
| SPCX | +0.0032% | +0.0038% | +0.0006% | −$11 |
| TSLA | +0.0032% | +0.0038% | +0.0006% | −$6 |
| CRCL | +0.0032% | +0.0038% | +0.0006% | −$15 |
| MSFT | +0.0032% | +0.0038% | +0.0006% | −$9 |
| INTC | +0.0192% | +0.0038% | +0.0154% | −$34 |
| AMD | +0.0032% | +0.0038% | +0.0006% | −$19 |
| MSTR | +0.0032% | +0.0038% | +0.0006% | −$8 |
| NBIS | +0.0176% | +0.0038% | +0.0138% | −$33 |
| BABA | +0.0032% | +0.0038% | +0.0006% | −$42 |
Only on Lighter: 156
XAU · ZRO · WLD · XPL · XAG · CL · SKHYNIX · BZ · SP500 · NAS100 · PAXG · XMR · ADA · EUR · GRAM · ANTHROPIC · SAMSUNG · OPENAI · USDCAD · AERO · NATGAS · AVAX · VVV · ETHFI · USDCHF · LTC · LDO · GRASS · ARB · USDKRW · ASTER · STABLECOINX · STRC · SOXL · ONDO · US10Y · HBAR · JUP · COPPER · BCH · BMNR · PEPE · APT · VIRTUAL · EIGEN · MEGA · MORPHO · XPD · MON · SKY · AUD · STRK · TRUMP · USDJPY · GBP · PENDLE · TRX · TIA · STONK · XPT · and 96 more
Questions
Is Lighter or Arcus cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $0.34 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: 13 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 CASHCAT, long on Lighter and short on Arcus, with $34 left after costs.
Which is bigger, Lighter or Arcus?
24-hour volume: Lighter $2.40B, Arcus $584.3M. Open interest as each reports it: $599.7M and $74.9M. TVL: $649.2M and $43.8M.