Lighter vs GRVT
Lighter traded 1.2× GRVT's 24-hour volume ($521.0M vs $429.1M) and holds 1.2× its open interest.
Head to head
the arrow points to the better figure| Lighter | GRVT | |
|---|---|---|
| Trading | ||
| $0.36 | ◀BTC trade, $10k | $9.65 |
| $295 | ◀BTC trade, $1M | $1,101 |
| $13.6M | ◀BTC book depth | $4.4M |
| 0.000%/0.000% | ◀Taker / maker | 0.045%/0.000% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $521.0M | ◀Volume 24h | $429.1M |
| $1.39B | ◀Volume, 7-day average | $480.8M |
| $592.2M | ◀Open interest | $474.5M |
| $663.6M | ◀TVL | $34.2M |
| Markets | ||
| 196 | Markets≈ | 184 |
| 90 | Stocks & RWA▶ | 105 |
| 1h | Funding paid every | 4h or 8h |
| +0.0096% | BTC funding /8h | +0.0100% |
| +0.678% | BTC longs paid, 30d | +0.703% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $GRVT |
| Season 3 | Airdrop | Active |
Cost to trade SOL
| Size | Lighter | GRVT |
|---|---|---|
| $1k | $0.131.3 bp | $1.0510.5 bp |
| $10k | $1.551.6 bp | $10.6610.7 bp |
| $100k | $30.343.0 bp | $11011.0 bp |
| $1M | $1,10511.1 bp | $1,95019.5 bp |
| $5M | $19,12838.3 bp | — |
ZEC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 120
funding /8h · Net 7d at $10k| Asset | Lighter | GRVT | Spread | Net 7d |
|---|---|---|---|---|
| XAU | +0.0032% | 0.0000% | +0.0032% | −$14 |
| INTC | +0.0032% | 0.0000% | +0.0032% | +$4 |
| TSLA | +0.0032% | 0.0000% | +0.0032% | −$40 |
| HOOD | +0.0032% | 0.0000% | +0.0032% | −$2 |
| XAG | +0.0032% | 0.0000% | +0.0032% | −$48 |
| QQQ | +0.0032% | 0.0000% | +0.0032% | −$15 |
| XPD | +0.0032% | 0.0000% | +0.0032% | −$28 |
| XPT | +0.0032% | 0.0000% | +0.0032% | −$45 |
| EWY | +0.0032% | 0.0000% | +0.0032% | −$20 |
| SPY | +0.0032% | 0.0000% | +0.0032% | −$8 |
| STRC | 0.0000% | 0.0000% | 0.0000% | −$30 |
| COPPER | +0.0032% | 0.0000% | +0.0032% | −$50 |
| MSTR | +0.0032% | 0.0000% | +0.0032% | −$22 |
| SOXL | +0.0032% | 0.0000% | +0.0032% | −$4 |
| DRAM | +0.0032% | 0.0000% | +0.0032% | +$14 |
| CRCL | +0.0032% | 0.0000% | +0.0032% | +$17 |
| CL | +0.0032% | 0.0000% | +0.0032% | −$9 |
| NVDA | +0.0032% | 0.0000% | +0.0032% | −$10 |
| MU | +0.0032% | 0.0000% | +0.0032% | −$14 |
| SNDK | +0.0032% | 0.0000% | +0.0032% | −$7 |
Only on Lighter: 88
ZRO · NAS100 · GRAM · SKHYNIXUSD · EUR · SAMSUNGUSD · VVV · SP500 · AERO · PONS · SPCX · USDCAD · ETHFI · GRASS · USDCHF · PEPE · USELESS · CASHCAT · SKY · STABLECOINX · USDKRW · US10Y · STONK · AUD · APT · BB · NZDUSD · AI · USDJPY · GBP · TRX · TIA · BONK · ANSEM · SYRUP · SHIB · PYTH · JTO · SPX · RAY · MNT · UNITREE · MET · CHIP · STABLE · ZHIPU · S · DYDX · GMX · FOLKS · 0G · CXMT · OURA · STBL · BOT · DASH · NMR · AZTEC · TENCENT · FF · and 28 more
Only on GRVT: 64
H · KPEPE · ATOM · EWJ · ZEN · CFX · KSHIB · KAIA · MOODENG · GRVT · KBONK · GIGGLE · W · BARD · SAHARA · SKHYNIX · PAYP · BASED · LA · SAMSUNG · FLNC · SPACEX · XLE · V · UVXY · IREN · BRKB · TQQQ · JPM · EWT · CRWD · UBER · COHR · ONDS · BBX · LLY · DIS · NFLX · HANMI · BX · LGELECTRONICS · USAR · WMT · HYUNDAI · NAVER · HD · GS · STXX · XAUT · NVO · CSCO · SAMSUNGEM · QNTX · URNM · KODEX200 · AMAT · KSTR · CRDO · GLW · ASTS · and 4 more
Questions
Is Lighter or GRVT cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $0.36 on Lighter and $9.65 on GRVT right now, taker fee and order-book slippage together, so Lighter is cheaper. Taker fees: 0% and 0.045%. 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 GRVT?
Lighter lists 196 active markets and GRVT 184; 120 assets trade on both, 59 of them stocks, commodities or other real-world assets.
Does Lighter or GRVT 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. GRVT: No ID since Aug 2025 (AML reviews can still ask for documents); not for the US, Canada, Singapore, Hong Kong, Russia or sanctioned countries.
Can you arbitrage funding between Lighter and GRVT?
Yes: 7 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 CRCL, long on GRVT and short on Lighter, with $17 left after costs.
Which is bigger, Lighter or GRVT?
24-hour volume: Lighter $521.0M, GRVT $429.1M. Open interest as each reports it: $592.2M and $474.5M. TVL: $663.6M and $34.2M.