Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in cost | All-in at $100k | All-in at $1M |
|---|---|---|---|
| edgeX | 0.038% | 0.047% | 0.049% |
| Lighter | 0.0013% | 0.0074% | 0.029% |
View
edgeXn/aLightern/a
edgeX vs Lighter
edgeX leads on 5 of 6 shared benchmarks, Lighter on 1. edgeX wins on Best DEX for a $BOT market order, live slippage ranked (0.00063% vs 0.0034%), Most tradable markets on a perp DEX, live count per venue (284 vs 213), Perp DEX cost invariance (1.055x vs 8.21x), Perp DEX capital efficiency (4 vs 0.290). Lighter wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.0013% vs 0.038%).
edgeX
zkSync-based perp DEX with low taker fees and a documented public REST API.
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
Best DEX for a $BOT market order, live slippage ranked
TradingedgeX
Leads0.00063 %
- p99
- 0.0052%
- rank
- —
- samples
- 196
Lighter
Trails0.0034 %
- p99
- 0.012%
- rank
- #3
- samples
- 2,880
Slippage at $100k
edgeXn/aLightern/a
Most tradable markets on a perp DEX, live count per venue
TradingedgeX
Leads284
- p99
- 292
- rank
- #4
- samples
- 2,880
Lighter
Trails213
- p99
- 214
- rank
- #6
- samples
- 2,880
Active markets
edgeXn/aLightern/a
Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
Trading| Provider | Cost slope ($1M / $1k) | $1M fill rate |
|---|---|---|
| edgeX | 1.055x | 100.0% |
| Lighter | 8.21x | 100.0% |
View
edgeXn/aLightern/a
Perp DEX capital efficiency: active markets per $M TVL, live
TradingedgeX
Leads4
- p99
- 4
- rank
- #5
- samples
- 2,880
Lighter
Trails0.290
- p99
- 0.291
- rank
- #11
- samples
- 2,880
Markets per $M TVL
edgeXn/aLightern/a
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | P/F ratio | FDV / fees | P/S | Fees 30d | Revenue 30d | Float | Open interest | Fees / OI |
|---|---|---|---|---|---|---|---|---|
| edgeX | 3.50x | 10.0x | 4.85x | $5.02M | $3.63M | 35.0% | $639.17M | 0.096x |
| Lighter | 18.7x | 74.8x | 21.7x | $5.31M | $4.57M | 25.0% | $623.05M | 0.104x |
View
edgeXn/aLightern/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Frequently asked questions
edgeX vs Lighter: which one is better?
edgeX and Lighter are compared on 6 shared OpenChainBench benchmarks. edgeX leads on Best DEX for a $BOT market order, live slippage ranked. Lighter leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. See the live table on this page for every metric.
Which is cheaper on slippage at $100k, edgeX or Lighter?
On the Best DEX for a $BOT market order, live slippage ranked benchmark, edgeX leads at 0.00063% versus Lighter at 0.0034%. Live measurement is updated continuously by the OpenChainBench harness.
Which is cheaper on all-in cost, edgeX or Lighter?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Lighter leads at 0.0013% versus edgeX at 0.038%. Live measurement is updated continuously by the OpenChainBench harness.
How is the edgeX vs Lighter comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.