Lighter vs Derive
Head to head
the arrow points to the better figure| Lighter | Derive | |
|---|---|---|
| Trading | ||
| $1.18 | BTC trade, $10k | — |
| $277 | BTC trade, $1M | — |
| $14.8M | BTC book depth | — |
| 0.000%/0.000% | ◀Taker / maker | 0.030%/0.010% |
| 50x | ◀Max leverage | 15x |
| Size | ||
| $2.68B | ◀Volume 24h | — |
| $2.15B | Volume, 7-day average | — |
| $510.2M | ◀Open interest | $84.6M |
| $579.7M | ◀TVL | $295K |
| Markets | ||
| 201 | ◀Markets | 15 |
| 96 | ◀Stocks & RWA | 0 |
| 1h | Funding paid every | — |
| +0.0096% | BTC funding /8h | +0.0100% |
| +0.682% | BTC longs paid, 30d | +0.212% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | none yet |
| Season 3 | Airdrop | — |
Volume by asset class
last 90 daysOn both: 0
funding /8h · Net 7d at $10kOnly on Lighter: 211
BTC · ETH · LIT · ZEC · SOL · HYPE · XAU · QQQ · AAPL · SKHYNIX · NEAR · GOOGL · ZRO · BNB · AAVE · SPY · MU · NVDA · XAG · NAS100 · XMR · CL · SNDK · XRP · WLD · CRCL · META · ANTHROPIC · PUMP · AMD · SOXL · EUR · ENA · NATGAS · TSLA · MSFT · BZ · AMZN · INTC · MSTR · SPCX · SAMSUNG · PAXG · ADA · LINK · OPENAI · XPL · VVV · SP500 · GRAM · SKHY · USDKRW · UNITREE · UNI · STRC · SUI · WLFI · LTC · AERO · AVAX · and 151 more
Only on Derive: 0
Questions
Which has more markets, Lighter or Derive?
Lighter lists 201 active markets and Derive 15; 0 assets trade on both.
Does Lighter or Derive 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. Derive: No ID, the account is created by your first deposit; not for US persons, Australian tax residents, Ontario or sanctioned countries.
Can you arbitrage funding between Lighter and Derive?
Not profitably right now: none of the 0 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Lighter or Derive?
24-hour volume: Lighter $2.68B, Derive {vb}. Open interest as each reports it: $510.2M and $84.6M. TVL: $579.7M and $295K.