Head to head
the arrow points to the better figure| tradeXYZ | Lighter | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $1.18 |
| — | BTC trade, $1M | $277 |
| — | BTC book depth | $14.8M |
| 0.009%/0.003% | Taker / maker▶ | 0.000%/0.000% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $6.42B | ◀Volume 24h | $2.69B |
| $3.59B | ◀Volume, 7-day average | $2.15B |
| $4.28Blongs + shorts | Open interest | $512.3Mone side |
| — | TVL | $579.7M |
| Markets | ||
| 120 | Markets▶ | 201 |
| 120 | ◀Stocks & RWA | 96 |
| 1h | Funding paid every | 1h |
| — | BTC funding /8h | +0.0096% |
| — | BTC longs paid, 30d | +0.682% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | $LIT |
| Active | Airdrop | Season 3 |
Volume by asset class
last 90 daysOn both: 72
funding /8h · Net 7d at $10kOnly on tradeXYZ: 48
XYZ100 · ANT · PURRDAT · TLT · LLY · NFLX · EWZ · SNXX · JP225 · SMH · NET · HIMS · RIVN · EWJ · URNM · KSTR · KR200 · USAR · SOFTBANK · GIGADEV · JIO · RDDT · SHAZ · XLE · QNT · EWT · CRWD · COST · AMAT · BX · DKNG · GLW · ZM · NCLD · LRCX · MAGS · EBAY · LYTE · HO · XBI · CVX · NIFTY · ICE · UMC · TWST · BIRD · RELIANCE · CAMBRICON
Only on Lighter: 139
BTC · ETH · LIT · ZEC · SOL · HYPE · QQQ · NEAR · ZRO · BNB · AAVE · SPY · NAS100 · XMR · XRP · WLD · ANTHROPIC · PUMP · ENA · PAXG · ADA · LINK · OPENAI · XPL · VVV · GRAM · USDKRW · UNI · SUI · WLFI · LTC · AERO · AVAX · GRASS · LDO · ASTER · DOGE · USELESS · TAO · ARB · ETHFI · BCH · USDCHF · SKY · ONDO · MON · PONS · US10Y · CRV · POL · JUP · EIGEN · CC · TRX · STABLECOINX · PEPE · VIRTUAL · MORPHO · CASHCAT · DRV · and 79 more
Questions
Which has more markets, tradeXYZ or Lighter?
tradeXYZ lists 120 active markets and Lighter 201; 72 assets trade on both, 72 of them stocks, commodities or other real-world assets.
Does tradeXYZ or Lighter require KYC?
tradeXYZ: No ID; not for the US, Canada, the UK or sanctioned countries, and a VPN around the block is forbidden. Lighter: No ID (the card deposit on-ramp is optional); not for the US, Canada, the UK, China, Russia, Ukraine or sanctioned countries.
Can you arbitrage funding between tradeXYZ and Lighter?
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 UNITREE, long on tradeXYZ and short on Lighter, with $37 left after costs.
Which is bigger, tradeXYZ or Lighter?
24-hour volume: tradeXYZ $6.42B, Lighter $2.69B. Open interest as each reports it: $4.28B and $512.3M. tradeXYZ reports open interest as longs plus shorts, both sides of every position; Lighter reports one side. For the same positions tradeXYZ's figure reads about twice as large. TVL: none published and $579.7M.