Head to head
the arrow points to the better figure| Lighter | Injective | |
|---|---|---|
| Trading | ||
| $1.18 | BTC trade, $10k | — |
| $277 | BTC trade, $1M | — |
| $14.8M | BTC book depth | — |
| 0.000%/0.000% | ◀Taker / maker | 0.000%/0.000% |
| 50x | Max leverage▶ | 100x |
| Size | ||
| $2.68B | ◀Volume 24h | $34.1M |
| $2.15B | ◀Volume, 7-day average | $48.7M |
| $510.2Mone side | Open interest | $3.3Mlongs + shorts |
| $579.7M | TVL | — |
| Markets | ||
| 201 | Markets▶ | 297 |
| 96 | Stocks & RWA▶ | 123 |
| 1h | Funding paid every | — |
| +0.0096% | BTC funding /8h | −0.0025% |
| +0.682% | BTC longs paid, 30d | +1.261% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $INJ |
| 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 Injective: 0
Questions
Which has more markets, Lighter or Injective?
Lighter lists 201 active markets and Injective 297; 0 assets trade on both.
Does Lighter or Injective 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. Injective: No ID on Helix (email, Google or a wallet); Injective's terms block the UK, Canada, Russia, Belarus and sanctioned countries.
Can you arbitrage funding between Lighter and Injective?
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 Injective?
24-hour volume: Lighter $2.68B, Injective $34.1M. Open interest as each reports it: $510.2M and $3.3M. Injective reports open interest as longs plus shorts, both sides of every position; Lighter reports one side. For the same positions Injective's figure reads about twice as large. TVL: $579.7M and none published.