Bybit vs Lighter

Side by side OpenChainBench measurements. Identical layout, no editorial verdict, the live data leads. Each panel surfaces the aggregate plus the chain and region breakdowns when the underlying bench exposes them, straight from the Prometheus queries that drive the parent benchmark pages.

Read methodology Last measured Wed, 01 Jul 2026 15:07:55 UTCWindow: rolling 24h1 shared benchmark

Bybit

Bybit is one of the largest centralized derivatives exchanges, with USDT-margined linear perpetuals on hundreds of pairs and funding settled on 8 hour (some pairs 4 hour) periods.

Lighter

Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.

Side by side measurements

Perp DEX funding stability, 24h stddev of ETH funding ranked

Trading

Bybit

Trails

0.022 %

p99: 0.0060%
rank: #11
samples: 2,878

Lighter

Leads

0.0058 %

p99: 0.015%
rank: #7
samples: 3,646

How this pair was selected

A pair is published when all four conditions hold. Both providers run in the same OpenChainBench benchmark for at least seven consecutive days. Each provider has at least 1000 samples in the measurement window. The head to head query has observable third party search demand. Both providers have a public /products/[slug] page on OCB. The full pair ledger is versioned in the public repo so the methodology is externally verifiable.