Lighter vs Lighter RH
Lighter traded 4.2× Lighter RH's 24-hour volume ($2.69B vs $646.3M) and holds 3.0× its open interest.
Head to head
the arrow points to the better figure| Lighter | Lighter RH | |
|---|---|---|
| Trading | ||
| $1.18 | ◀BTC trade, $10k | $1.72 |
| $277 | ◀BTC trade, $1M | $1,066 |
| $14.8M | ◀BTC book depth | $3.7M |
| 0.000%/0.000% | Taker / maker≈ | 0.000%/0.000% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $2.69B | ◀Volume 24h | $646.3M |
| $2.15B | ◀Volume, 7-day average | $654.5M |
| $512.3M | ◀Open interest | $169.3M |
| $579.7M | ◀TVL | $112.4M |
| Markets | ||
| 201 | ◀Markets | 67 |
| 96 | ◀Stocks & RWA | 48 |
| 1h | Funding paid every | 1h |
| +0.0096% | BTC funding /8h | +0.0096% |
| +0.682% | BTC longs paid, 30d | +0.612% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | $LIT |
| Season 3 | Airdrop | Points live |
Cost to trade BTC
| Size | Lighter | Lighter RH |
|---|---|---|
| $1k | $0.101.0 bp | $0.161.6 bp |
| $10k | $1.181.2 bp | $1.721.7 bp |
| $100k | $15.611.6 bp | $20.002.0 bp |
| $1M | $2772.8 bp | $1,06610.7 bp |
| $5M | $4,3438.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 52
funding /8h · Net 7d at $10k| Asset | Lighter | Lighter RH | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | +0.0096% | 0.0000% | −$4 |
| ETH | +0.0096% | +0.0096% | 0.0000% | −$6 |
| HYPE | +0.0096% | +0.0096% | 0.0000% | −$10 |
| SOL | +0.0096% | +0.0080% | +0.0064% | +$3 |
| LIT | +0.0088% | +0.0072% | +0.0016% | −$16 |
| NEAR | +0.0056% | +0.0096% | +0.0096% | −$18 |
| ZEC | +0.0216% | +0.0096% | +0.0032% | −$16 |
| XRP | +0.0096% | +0.0096% | 0.0000% | −$5 |
| SUI | +0.0056% | −0.0008% | +0.0048% | −$3 |
| VVV | +0.0072% | +0.0080% | +0.0016% | −$27 |
| UNI | +0.0096% | +0.0096% | 0.0000% | −$20 |
| XMR | +0.1512% | +0.1200% | +0.0336% | −$56 |
| AAVE | +0.0096% | −0.0232% | +0.0344% | −$37 |
| TRX | −0.0592% | −0.0448% | +0.0168% | +$1 |
| PONS | +0.0096% | +0.0096% | 0.0000% | −$95 |
| CASHCAT | +0.0096% | +0.0096% | 0.0000% | −$92 |
| LINK | +0.0096% | +0.0088% | +0.0064% | −$33 |
| ZRO | −0.1112% | +0.0096% | +0.1296% | — |
| USELESS | +0.0096% | +0.0096% | — | — |
Only on Lighter: 159
SKHYNIX · BNB · NAS100 · CL · WLD · PUMP · EUR · ENA · NATGAS · BZ · MSTR · SAMSUNG · PAXG · ADA · XPL · SP500 · GRAM · USDKRW · UNITREE · STRC · WLFI · LTC · AERO · AVAX · DRAM · USDJPY · GRASS · HOOD · LDO · ASTER · DOGE · TAO · NBIS · ARB · LITE · ETHFI · BCH · USDCHF · SKY · ONDO · MON · US10Y · XPD · CRV · MRVL · POL · JUP · XPT · EIGEN · CC · STABLECOINX · PEPE · VIRTUAL · MORPHO · DRV · PENDLE · HBAR · APT · FARTCOIN · COPPER · and 99 more
Questions
Is Lighter or Lighter RH cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.18 on Lighter and $1.72 on Lighter RH right now, taker fee and order-book slippage together, so Lighter is cheaper. Taker fees: 0% and 0%. 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. 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 or Lighter RH?
Lighter lists 201 active markets and Lighter RH 67; 52 assets trade on both, 33 of them stocks, commodities or other real-world assets.
Does Lighter or Lighter RH 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. Lighter RH: No ID, wallet connect only; closed to 18 regions including the US, UK, Canada, China, Russia, Switzerland, Singapore and the UAE.
Can you arbitrage funding between Lighter and Lighter RH?
Yes: 5 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 SNDK, long on Lighter RH and short on Lighter, with $9 left after costs.
Which is bigger, Lighter or Lighter RH?
24-hour volume: Lighter $2.69B, Lighter RH $646.3M. Open interest as each reports it: $512.3M and $169.3M. TVL: $579.7M and $112.4M.