Lighter vs gTrade (Gains Network)
Lighter traded 206× gTrade (Gains Network)'s 24-hour volume ($2.72B vs $13.2M).
Head to head
the arrow points to the better figure| Lighter | gTrade (Gains Network) | |
|---|---|---|
| Trading | ||
| $1.18 | ◀BTC trade, $10k | $8.04 |
| $277 | ◀BTC trade, $1M | $893 |
| $14.8M | BTC book depth▶ | $50.0M |
| 0.000%/0.000% | ◀Taker / maker | 0.035%/0.035% |
| 50x | Max leverage▶ | 1000x |
| Size | ||
| $2.72B | ◀Volume 24h | $13.2M |
| $2.15B | ◀Volume, 7-day average | $13.7M |
| $517.3Mone side | Open interest | $1.8Mlongs + shorts |
| $579.7M | ◀TVL | $6.6M |
| Markets | ||
| 201 | ◀Markets | 134 |
| 96 | ◀Stocks & RWA | 43 |
| 1h | Funding paid every | 1h |
| +0.0096% | BTC funding /8h | L +0.0131% / S −0.0121% |
| +0.682% | BTC longs paid, 30d | +0.675% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $GNS |
| Season 3 | Airdrop | Not active |
Cost to trade BTC
| Size | Lighter | gTrade (Gains Network) |
|---|---|---|
| $1k | $0.101.0 bp | $0.808.0 bp |
| $10k | $1.181.2 bp | $8.048.0 bp |
| $100k | $15.611.6 bp | $81.108.1 bp |
| $1M | $2772.8 bp | $8938.9 bp |
| $5M | $4,3438.7 bp | $6,37512.8 bp |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 60
funding /8h · Net 7d at $10k| Asset | Lighter | gTrade (Gains Network) | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | L +0.0131% / S −0.0121% | +0.0025% | −$3 |
| WLFI | +0.0096% | L −0.1380% / S +0.0930% | +0.1476% | −$985 |
| ETH | +0.0096% | L +0.0066% / S 0.0000% | +0.0030% | −$18 |
| XRP | +0.0096% | L +0.0191% / S −0.0268% | +0.0172% | — |
| NEAR | +0.0096% | L +0.0364% / S −0.0501% | +0.0405% | −$241 |
| ZEC | +0.0192% | L +0.0249% / S −0.0698% | +0.0506% | −$234 |
| HYPE | +0.0096% | L +0.0140% / S −0.1499% | +0.1403% | −$225 |
| SOL | +0.0096% | L +0.0126% / S −0.0087% | −0.0009% | −$265 |
| ONDO | +0.0096% | L +0.0411% / S −0.0233% | — | — |
| HBAR | −0.0504% | L +0.0652% / S −0.0709% | — | — |
| FARTCOIN | +0.0096% | L +0.0357% / S −0.0820% | +0.0724% | — |
| PEPE | +0.0096% | L +0.0353% / S +0.0046% | −0.0142% | −$230 |
| LIT | +0.0016% | L +0.0400% / S −0.0520% | — | — |
| ARB | −0.0144% | L +0.0175% / S −0.0041% | — | — |
| AAVE | +0.0096% | L +0.0378% / S −0.0170% | +0.0074% | −$357 |
| LINK | +0.0096% | L +0.0192% / S +0.0030% | — | — |
| POL | +0.0096% | L +0.0402% / S +0.0001% | — | — |
| DOGE | +0.0096% | L +0.0312% / S −0.0259% | — | — |
| SUI | +0.0064% | L +0.0246% / S −0.0183% | — | — |
| UNI | +0.0096% | L +0.0367% / S −0.0103% | — | — |
Only on Lighter: 151
QQQ · AAPL · SKHYNIX · GOOGL · ZRO · SPY · MU · NVDA · NAS100 · SNDK · CRCL · SOXL · META · ANTHROPIC · AMD · EUR · NATGAS · TSLA · MSFT · BZ · INTC · AMZN · MSTR · SPCX · SAMSUNG · PAXG · SP500 · OPENAI · SKHY · USDKRW · UNITREE · STRC · AERO · DRAM · USDJPY · COIN · GRASS · BMNR · HOOD · LDO · USELESS · NBIS · LITE · PLTR · ETHFI · USDCHF · SKY · MON · PONS · US10Y · XPD · CRV · BABA · MRVL · EIGEN · CC · ORCL · STABLECOINX · CASHCAT · MORPHO · and 91 more
Questions
Is Lighter or gTrade (Gains Network) cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.18 on Lighter and $8.04 on gTrade (Gains Network) right now, taker fee and order-book slippage together, so Lighter is cheaper. Taker fees: 0% and 0.035%. 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 gTrade (Gains Network)?
Lighter lists 201 active markets and gTrade (Gains Network) 134; 60 assets trade on both, 5 of them stocks, commodities or other real-world assets.
Does Lighter or gTrade (Gains Network) 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. gTrade (Gains Network): No ID; not for US persons or residents (whatever the IP) or sanctioned persons, VPNs forbidden.
Can you arbitrage funding between Lighter and gTrade (Gains Network)?
Not profitably right now: none of the 60 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Lighter or gTrade (Gains Network)?
24-hour volume: Lighter $2.72B, gTrade (Gains Network) $13.2M. Open interest as each reports it: $517.3M and $1.8M. gTrade (Gains Network) reports open interest as the sum of its traders' longs and shorts; Lighter reports one side. For the same positions gTrade (Gains Network)'s figure reads about twice as large. TVL: $579.7M and $6.6M.