Variational Omni vs Lighter RH
Variational Omni traded 4.3× Lighter RH's 24-hour volume ($2.75B vs $645.5M).
Head to head
the arrow points to the better figure| Variational Omni | Lighter RH | |
|---|---|---|
| Trading | ||
| $1.00 | ◀BTC trade, $10k | $1.72 |
| $646 | ◀BTC trade, $1M | $1,066 |
| — | BTC book depth | $3.7M |
| 0.000%/0.000% | Taker / maker≈ | 0.000%/0.000% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $2.75B | ◀Volume 24h | $645.5M |
| $2.02B | ◀Volume, 7-day average | $654.5M |
| $841.0Mlongs + shorts | Open interest | $169.1Mone side |
| — | TVL | $112.4M |
| Markets | ||
| 587 | ◀Markets | 67 |
| 157 | ◀Stocks & RWA | 48 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0096% |
| +0.711% | BTC longs paid, 30d | +0.612% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | $LIT |
| Active | Airdrop | Points live |
Cost to trade BTC
| Size | Variational Omni | Lighter RH |
|---|---|---|
| $1k | $0.101.0 bp | $0.161.6 bp |
| $10k | $1.001.0 bp | $1.721.7 bp |
| $100k | $10.021.0 bp | $20.002.0 bp |
| $1M | $6466.5 bp | $1,06610.7 bp |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 55
funding /8h · Net 7d at $10k| Asset | Variational Omni | Lighter RH | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0096% | +0.0004% | −$2 |
| ETH | +0.0100% | +0.0096% | +0.0004% | −$5 |
| HYPE | +0.0100% | +0.0096% | +0.0004% | −$12 |
| SOL | +0.0100% | +0.0032% | +0.0068% | −$1 |
| LIT | +0.0100% | +0.0072% | +0.0028% | −$60 |
| NEAR | +0.0100% | +0.0096% | +0.0004% | −$22 |
| ZEC | +0.0100% | +0.0096% | +0.0004% | −$21 |
| XRP | +0.0100% | +0.0096% | +0.0004% | −$1 |
| SUI | +0.0100% | −0.0048% | +0.0148% | −$22 |
| VVV | +0.0100% | +0.0080% | +0.0020% | −$78 |
| UNI | +0.0100% | +0.0096% | +0.0004% | −$49 |
| XMR | +0.0727% | +0.1184% | +0.0457% | −$46 |
| AAVE | +0.0034% | −0.0248% | +0.0282% | −$37 |
| TRX | −0.0253% | −0.0472% | +0.0219% | +$6 |
| PONS | +0.0100% | +0.0096% | +0.0004% | −$109 |
| CASHCAT | +0.0100% | +0.0096% | +0.0004% | −$278 |
| LINK | +0.0100% | +0.0032% | +0.0068% | −$39 |
| ZRO | +0.0100% | +0.0096% | +0.0004% | — |
| USELESS | +0.0100% | +0.0096% | — | — |
Only on Variational Omni: 515
XAUT · SP500 · CL · PAXG · BZ · BNB · PUMP · ENA · ADA · ASTER · STRC · LTC · MSTR · SOXS · COPPER · AVAX · NBIS · EWY · DRAM · WLD · GRASS · XPL · NATGAS · WLFI · AERO · DOGE · TAO · ICP · TRUMP · HOOD · ARB · CRV · BRKB · MON · ATOM · APT · HBAR · PEPE · DOT · QNT · STRK · LLY · ONDO · VIRTUAL · IRYS · ETHFI · NOW · SKY · XPD · MORPHO · PENDLE · XPT · JUP · FARTCOIN · MRVL · CHIP · SPX · MEGA · INJ · LSK · and 455 more
Questions
Is Variational Omni or Lighter RH cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $1.00 on Variational Omni and $1.72 on Lighter RH right now, taker fee and order-book slippage together, so Variational Omni is cheaper. Taker fees: 0% and 0%. 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, Variational Omni or Lighter RH?
Variational Omni lists 587 active markets and Lighter RH 67; 55 assets trade on both, 36 of them stocks, commodities or other real-world assets.
Does Variational Omni or Lighter RH require KYC?
Variational Omni: No ID; not for US or Canadian persons, Taiwan or sanctioned regions. 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 Variational Omni and Lighter RH?
Yes: 2 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 TRX, long on Lighter RH and short on Variational Omni, with $6 left after costs.
Which is bigger, Variational Omni or Lighter RH?
24-hour volume: Variational Omni $2.75B, Lighter RH $645.5M. Open interest as each reports it: $841.0M and $169.1M. Variational Omni reports open interest as the sum of its traders' longs and shorts; Lighter RH reports one side. For the same positions Variational Omni's figure reads about twice as large. TVL: none published and $112.4M.