Head to head
the arrow points to the better figure| Lighter RH | Gate | |
|---|---|---|
| Trading | ||
| $1.72 | ◀BTC trade, $10k | $15.01 |
| $1,066 | ◀BTC trade, $1M | $1,888 |
| $3.7M | BTC book depth▶ | $4.3M |
| 0.000%/0.000% | ◀Taker / maker | 0.075%/-0.010% |
| 50x | Max leverage▶ | 200x |
| Size | ||
| $644.6M | Volume 24h▶ | $21.06B |
| $654.5M | Volume, 7-day average▶ | $14.37B |
| $169.2Mone side | Open interest | $12.30Blongs + shorts |
| $112.4M | TVL | — |
| Markets | ||
| 67 | Markets▶ | 1080 |
| 48 | Stocks & RWA▶ | 466 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0096% | BTC funding /8h | +0.0043% |
| +0.612% | BTC longs paid, 30d | +0.467% |
| Access | ||
| No ID | ◀KYC | Required |
| $LIT | Token | $GT |
| Points live | Airdrop | — |
Cost to trade BTC
| Size | Lighter RH | Gate |
|---|---|---|
| $1k | $0.161.6 bp | $1.5015.0 bp |
| $10k | $1.721.7 bp | $15.0115.0 bp |
| $100k | $20.002.0 bp | $15315.3 bp |
| $1M | $1,06610.7 bp | $1,88818.9 bp |
| $5M | — | — |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 60
funding /8h · Net 7d at $10k| Asset | Lighter RH | Gate | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | +0.0043% | +0.0053% | −$15 |
| ETH | +0.0096% | −0.0058% | +0.0154% | −$17 |
| HYPE | +0.0096% | +0.0100% | +0.0004% | −$30 |
| SOL | +0.0032% | −0.0410% | +0.0442% | −$13 |
| LIT | +0.0072% | −0.0414% | +0.0486% | −$73 |
| NEAR | +0.0096% | +0.0100% | +0.0004% | −$26 |
| ZEC | +0.0096% | +0.0100% | +0.0004% | −$34 |
| XRP | +0.0096% | −0.0186% | +0.0282% | −$25 |
| SUI | −0.0048% | −0.0366% | +0.0318% | −$40 |
| VVV | +0.0080% | +0.0100% | +0.0020% | −$75 |
| UNI | +0.0096% | −0.0060% | +0.0156% | −$43 |
| XMR | +0.1184% | +0.1353% | +0.0169% | −$62 |
| AAVE | −0.0248% | −0.0310% | +0.0062% | −$52 |
| TRX | −0.0472% | −0.0188% | +0.0284% | −$32 |
| PONS | +0.0096% | +0.1316% | +0.1220% | −$177 |
| CASHCAT | +0.0096% | −0.0018% | +0.0114% | −$203 |
| LINK | +0.0032% | +0.0051% | +0.0019% | −$36 |
| ZRO | +0.0096% | −0.0856% | +0.0952% | — |
| USELESS | +0.0096% | +0.0100% | — | — |
Only on Gate: 1010
XAUT · DOGE · BNB · CL · SKHYNIX · ENA · LTC · PEPE · ADA · TRUMP · BCH · AVAX · WLD · XLM · ONDO · ASTER · FARTCOIN · MSTR · DOT · PAXG · TAO · INJ · FIL · ARB · BTW · WLFI · FF · SOXS · GRAM · HBAR · ETC · XPL · PENGU · KORU · APT · VIRTUAL · CRV · BZ · AKE · ICP · ETHFI · LDO · POL · MUBARAK · OP · KAS · TIA · ATOM · PIEVERSE · SAMSUNG · LITE · AERO · UNITREE · EWY · DASH · PYTH · INTW · TQQQ · KSTR · SNXX · and 950 more
Questions
Is Lighter RH or Gate cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.72 on Lighter RH and $15.01 on Gate right now, taker fee and order-book slippage together, so Lighter RH is cheaper. Taker fees: 0% and 0.075%. 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 Gate?
Lighter RH lists 67 active markets and Gate 1080; 60 assets trade on both, 41 of them stocks, commodities or other real-world assets.
Does Lighter RH or Gate 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. Gate: KYC before the futures account opens; unverified accounts can only withdraw and close positions.
Can you arbitrage funding between Lighter RH and Gate?
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 RH or Gate?
24-hour volume: Lighter RH $644.6M, Gate $21.06B. Open interest as each reports it: $169.2M and $12.30B. Gate reports open interest as longs plus shorts, both sides of every position; Lighter RH reports one side. For the same positions Gate's figure reads about twice as large. TVL: $112.4M and none published.