Lighter RH vs Binance
Binance traded 137× Lighter RH's 24-hour volume ($88.48B vs $645.5M) and holds 170× its open interest.
Head to head
the arrow points to the better figure| Lighter RH | Binance | |
|---|---|---|
| Trading | ||
| $1.72 | ◀BTC trade, $10k | $10.01 |
| $1,066 | BTC trade, $1M≈ | $1,159 |
| $3.7M | BTC book depth▶ | $14.5M |
| 0.000%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $645.5M | Volume 24h▶ | $88.48B |
| $654.5M | Volume, 7-day average▶ | $60.90B |
| $169.1M | Open interest▶ | $28.82B |
| $112.4M | TVL | — |
| Markets | ||
| 67 | Markets▶ | 800 |
| 48 | Stocks & RWA▶ | 235 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0096% | BTC funding /8h | +0.0100% |
| +0.612% | BTC longs paid, 30d | +0.488% |
| Access | ||
| No ID | ◀KYC | Required |
| $LIT | Token | $BNB |
| Points live | Airdrop | — |
Cost to trade BTC
| Size | Lighter RH | Binance |
|---|---|---|
| $1k | $0.161.6 bp | $1.0010.0 bp |
| $10k | $1.721.7 bp | $10.0110.0 bp |
| $100k | $20.002.0 bp | $10010.0 bp |
| $1M | $1,06610.7 bp | $1,15911.6 bp |
| $5M | — | $7,82715.7 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 55
funding /8h · Net 7d at $10k| Asset | Lighter RH | Binance | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | +0.0100% | +0.0004% | −$12 |
| ETH | +0.0096% | +0.0100% | +0.0004% | −$19 |
| HYPE | +0.0096% | +0.0100% | +0.0004% | −$15 |
| SOL | +0.0032% | +0.0078% | +0.0046% | −$10 |
| LIT | +0.0072% | −0.0030% | +0.0102% | −$38 |
| NEAR | +0.0096% | +0.0100% | +0.0004% | −$5 |
| ZEC | +0.0096% | +0.0100% | +0.0004% | −$30 |
| XRP | +0.0096% | +0.0100% | +0.0004% | −$5 |
| SUI | −0.0048% | +0.0030% | +0.0078% | −$3 |
| VVV | +0.0080% | −0.0267% | +0.0347% | −$37 |
| UNI | +0.0096% | +0.0100% | +0.0004% | −$29 |
| XMR | +0.1184% | +0.0366% | +0.0818% | +$2 |
| AAVE | −0.0248% | +0.0100% | +0.0348% | −$17 |
| TRX | −0.0472% | −0.0117% | +0.0355% | −$2 |
| PONS | +0.0096% | +0.0100% | +0.0004% | −$55 |
| LINK | +0.0032% | +0.0100% | +0.0068% | −$19 |
| ZRO | +0.0096% | +0.0100% | +0.0004% | — |
| USELESS | +0.0096% | +0.0100% | — | — |
Only on Lighter RH: 12
USO · SGOV · SLV · CASHCAT · WULF · AI · SHEIN · LUNR · RGTI · ANSEM · QBTS · CLSK
Only on Binance: 701
BNB · SKHYNIX · CL · DOGE · BZ · WLFI · PAXG · PEPE · KORU · ASTER · MSTR · ENA · BCH · AVAX · ADA · WLD · LTC · PUMP · XAUT · AIN · SOXS · TAO · ONDO · FIL · TRUMP · DRAM · BIANRENSHENG · TQQQ · NBIS · CAP · ARB · FF · XPL · XLM · INJ · EWY · DOT · PENGU · SNXX · SAMSUNG · AERO · HBAR · NATGAS · QNT · FET · ICP · ETHFI · KITE · MRVL · SHIB · ARIA · AVGO · IDOL · CRV · BEAM · MON · BTW · ETC · BTCDOM · UNITREE · and 641 more
Questions
Is Lighter RH or Binance cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.72 on Lighter RH and $10.01 on Binance right now, taker fee and order-book slippage together, so Lighter RH is cheaper. Taker fees: 0% and 0.05%. Lighter RH: 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 RH or Binance?
Lighter RH lists 67 active markets and Binance 800; 55 assets trade on both, 37 of them stocks, commodities or other real-world assets.
Does Lighter RH or Binance require KYC?
Lighter RH: No ID, wallet connect only; closed to 18 regions including the US, UK, Canada, China, Russia, Switzerland, Singapore and the UAE. Binance: Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Can you arbitrage funding between Lighter RH and Binance?
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 SNDK, long on Lighter RH and short on Binance, with $5 left after costs.
Which is bigger, Lighter RH or Binance?
24-hour volume: Lighter RH $645.5M, Binance $88.48B. Open interest as each reports it: $169.1M and $28.82B. TVL: $112.4M and none published.