Lighter RH vs MEXC
MEXC traded 25× Lighter RH's 24-hour volume ($16.39B vs $646.3M) and holds 77× its open interest.
Head to head
the arrow points to the better figure| Lighter RH | MEXC | |
|---|---|---|
| Trading | ||
| $1.72 | ◀BTC trade, $10k | $4.01 |
| $1,066 | BTC trade, $1M▶ | $401 |
| $3.7M | BTC book depth▶ | $294.4M |
| 0.000%/0.000% | ◀Taker / maker | 0.020%/0.000% |
| 50x | Max leverage▶ | 1000x |
| Size | ||
| $646.3M | Volume 24h▶ | $16.39B |
| $654.5M | Volume, 7-day average▶ | $11.58B |
| $169.3M | Open interest▶ | $12.98B |
| $112.4M | TVL | — |
| Markets | ||
| 67 | Markets▶ | 1213 |
| 48 | Stocks & RWA▶ | 469 |
| 1h | Funding paid every | 1h or 4h or 8h or 24h |
| +0.0096% | BTC funding /8h | +0.0100% |
| +0.612% | BTC longs paid, 30d | +0.487% |
| Access | ||
| No ID | ◀KYC | Required |
| $LIT | Token | $MX |
| Points live | Airdrop | — |
Cost to trade BTC
| Size | Lighter RH | MEXC |
|---|---|---|
| $1k | $0.161.6 bp | $0.404.0 bp |
| $10k | $1.721.7 bp | $4.014.0 bp |
| $100k | $20.002.0 bp | $40.144.0 bp |
| $1M | $1,06610.7 bp | $4014.0 bp |
| $5M | — | $2,0644.1 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 63
funding /8h · Net 7d at $10k| Asset | Lighter RH | MEXC | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0096% | +0.0100% | +0.0004% | −$6 |
| ETH | +0.0096% | +0.0100% | +0.0004% | −$13 |
| HYPE | +0.0096% | +0.0100% | +0.0004% | −$8 |
| SOL | +0.0080% | +0.0078% | +0.0046% | −$4 |
| LIT | +0.0072% | −0.0030% | +0.0102% | −$19 |
| NEAR | +0.0096% | +0.0100% | +0.0004% | +$1 |
| ZEC | +0.0096% | +0.0100% | +0.0004% | −$19 |
| XRP | +0.0096% | +0.0100% | +0.0004% | +$1 |
| SUI | −0.0008% | +0.0030% | +0.0078% | +$3 |
| VVV | +0.0080% | −0.0266% | +0.0346% | −$16 |
| UNI | +0.0096% | +0.0100% | +0.0004% | −$17 |
| XMR | +0.1200% | +0.0365% | +0.0819% | +$9 |
| AAVE | −0.0232% | +0.0100% | +0.0348% | −$4 |
| TRX | −0.0448% | −0.0117% | +0.0355% | +$5 |
| PONS | +0.0096% | +0.0100% | +0.0004% | −$24 |
| CASHCAT | +0.0096% | +0.0100% | +0.0004% | −$121 |
| LINK | +0.0088% | +0.0100% | +0.0068% | −$12 |
| ZRO | +0.0096% | +0.0100% | +0.0004% | — |
| USELESS | +0.0096% | +0.0100% | — | — |
Only on MEXC: 1022
XAUT · PEPE · BZ · TAO · SKHYNIX · DOGE · SP500 · BNB · CL · ENA · WLD · ONDO · LTC · ADA · NAS100 · RBLX · AVAX · BCH · CAD · XPT · GBP · HBAR · ASTER · ARB · PAXG · INJ · QNT · XLM · FARTCOIN · DOT · BEAT · CHF · COPPER · WIF · XPD · FET · CAKE · PUMP · JPY · POL · MSTR · LUNC · AVGO · TRB · SOXS · COST · MORPHO · VET · AKT · BRKB · SUN · PENDLE · APT · NBIS · XPL · KIOXIA · TRUMP · USDC · KORU · MA · and 962 more
Questions
Is Lighter RH or MEXC cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.72 on Lighter RH and $4.01 on MEXC right now, taker fee and order-book slippage together, so Lighter RH is cheaper. Taker fees: 0% and 0.02%. 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 RH or MEXC?
Lighter RH lists 67 active markets and MEXC 1213; 63 assets trade on both, 44 of them stocks, commodities or other real-world assets.
Does Lighter RH or MEXC require KYC?
Lighter RH: No ID, wallet connect only; closed to 18 regions including the US, UK, Canada, China, Russia, Switzerland, Singapore and the UAE. MEXC: KYC before trading since Feb 2026; unverified accounts see market data only.
Can you arbitrage funding between Lighter RH and MEXC?
Yes: 9 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 MEXC, with $11 left after costs.
Which is bigger, Lighter RH or MEXC?
24-hour volume: Lighter RH $646.3M, MEXC $16.39B. Open interest as each reports it: $169.3M and $12.98B. TVL: $112.4M and none published.