Lighter vs Perpl
Lighter traded 134× Perpl's 24-hour volume ($2.71B vs $20.3M) and holds 455× its open interest.
Head to head
the arrow points to the better figure| Lighter | Perpl | |
|---|---|---|
| Trading | ||
| $1.18 | BTC trade, $10k | — |
| $277 | BTC trade, $1M | — |
| $14.8M | BTC book depth | — |
| 0.000%/0.000% | ◀Taker / maker | 0.035%/0.005% |
| 50x | ◀Max leverage | 15x |
| Size | ||
| $2.71B | ◀Volume 24h | $20.3M |
| $2.15B | ◀Volume, 7-day average | $18.9M |
| $516.7M | ◀Open interest | $1.1M |
| $579.7M | ◀TVL | $3.2M |
| Markets | ||
| 201 | ◀Markets | 11 |
| 96 | ◀Stocks & RWA | 0 |
| 1h | Funding paid every | 43m |
| +0.0096% | BTC funding /8h | +0.0223% |
| +0.682% | BTC longs paid, 30d | +0.728% |
| Access | ||
| No ID | KYC | No ID |
| $LIT | Token | none yet |
| Season 3 | Airdrop | Active |
Cost to trade BTC
| Size | Lighter | Perpl |
|---|---|---|
| $1k | $0.101.0 bp | — |
| $10k | $1.181.2 bp | — |
| $100k | $15.611.6 bp | — |
| $1M | $2772.8 bp | — |
| $5M | $4,3438.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 11
funding /8h · Net 7d at $10k| Asset | Lighter | Perpl | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | +0.0223% | +0.0127% | — |
| ETH | +0.0096% | −0.0447% | +0.0543% | — |
| MON | +0.0096% | 0.0000% | +0.0096% | — |
| SOL | +0.0096% | +0.0447% | +0.0351% | — |
| ZEC | +0.0192% | 0.0000% | +0.0192% | — |
| HYPE | +0.0096% | +0.0335% | +0.0239% | — |
| PUMP | +0.0096% | +0.0447% | +0.0351% | — |
| VVV | +0.0096% | +0.0447% | +0.0351% | — |
| NEAR | +0.0096% | +0.0447% | +0.0351% | — |
| LIT | +0.0016% | −0.0112% | +0.0128% | — |
| UNI | +0.0096% | 0.0000% | +0.0096% | — |
Only on Lighter: 200
XAU · QQQ · AAPL · SKHYNIX · GOOGL · ZRO · BNB · AAVE · SPY · MU · NVDA · XAG · NAS100 · CL · XMR · SNDK · XRP · WLD · CRCL · META · SOXL · ANTHROPIC · AMD · EUR · ENA · NATGAS · TSLA · MSFT · BZ · AMZN · INTC · MSTR · SPCX · SAMSUNG · PAXG · ADA · LINK · SP500 · XPL · OPENAI · GRAM · SKHY · USDKRW · UNITREE · STRC · SUI · WLFI · LTC · AERO · AVAX · DRAM · USDJPY · COIN · GRASS · BMNR · HOOD · LDO · ASTER · DOGE · USELESS · and 140 more
Only on Perpl: 0
Questions
Which has more markets, Lighter or Perpl?
Lighter lists 201 active markets and Perpl 11; 11 assets trade on both.
Does Lighter or Perpl 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. Perpl: No ID; the app blocks the US, UK, Russia, Ukraine, Belarus and sanctioned countries.
Can you arbitrage funding between Lighter and Perpl?
Not profitably right now: none of the 11 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Lighter or Perpl?
24-hour volume: Lighter $2.71B, Perpl $20.3M. Open interest as each reports it: $516.7M and $1.1M. TVL: $579.7M and $3.2M.