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 |
|---|---|---|---|
| gains.trade | 0.040% | 0.043% | 0.043% |
| Lighter | 0.0022% | 0.0081% | 0.033% |
gains.trade vs Lighter
gains.trade leads on 4 of 7 shared benchmarks, Lighter on 3. gains.trade wins on Most tradable markets on a perp DEX, live count across 14 venues (360 vs 212), Perp DEX cost invariance (1.000x vs 9.25x), Perp DEX security track record (1,725 vs 1,148), Perp DEX asset breadth (110 vs 40). Lighter wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.0022% vs 0.040%), Perp DEX volume share, live 24h notional ranked ($2.52B vs $45.99M), Perp DEX mark price fidelity (0.031% vs 0.037%).
gains.trade
Perp DEX on Polygon, Arbitrum, Base and Solana. Pool-based execution against the gToken vaults, oracle-priced trades with synthetic leverage.
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 volume share, live 24h notional ranked
Tradinggains.trade
Trails$45.99M
- p99
- $55.97M
- rank
- #12
- samples
- 2,880
Lighter
Leads$2.52B
- p99
- $2.82B
- rank
- #3
- samples
- 2,880
Most tradable markets on a perp DEX, live count across 14 venues
Tradinggains.trade
Leads360
- p99
- 360
- rank
- #2
- samples
- 2,880
Lighter
Trails212
- p99
- 212
- rank
- #6
- samples
- 2,880
Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
Trading| Provider | Cost slope ($1M / $1k) | $1M fill rate |
|---|---|---|
| gains.trade | 1.000x | 100.0% |
| Lighter | 9.25x | 99.5% |
Perp DEX mark price fidelity: deviation from CEX spot reference, live
Tradinggains.trade
Trails0.037 %
- p99
- 0.10%
- rank
- #5
- samples
- 2,880
Lighter
Leads0.031 %
- p99
- 0.078%
- rank
- #2
- samples
- 2,880
Per chain
| Chain | gains.trade | Lighter |
|---|---|---|
| ETH | 0.036% | 0.015% |
| BTC | 0.037% | 0.032% |
| SOL | 0.035% | 0.035% |
Perp DEX security track record: days without a recorded exploit, live
Tradinggains.trade
Leads1,725
- p99
- 1,725
- rank
- #1
- samples
- 2,880
Lighter
Trails1,148
- p99
- 1,148
- rank
- #2
- samples
- 2,880
This benchmark counts recorded incidents only. Absence from the registry does not prove a protocol is exploit-free: it means no incident matching the criteria (direct theft or loss of user funds via a security vulnerability) has been documented in the tracked sources as of the registry timestamp shown on each row. The registry is human-curated and updated when a new incident is confirmed. The registry date and source links are embedded in the harness.
Perp DEX asset breadth: non-crypto markets live, forex + stocks + indices + commodities
Tradinggains.trade
Leads110
- rank
- #1
Lighter
Trails40
- rank
- #2
Market count reflects the Mobula perp pairs catalog at query time. Only mainnet markets are counted (testnets excluded). Asset class tags (forex, stocks, indices, commodities) are assigned by Mobula's editorial taxonomy and updated when new pairs are listed. Venues not in the Mobula catalog (Hyperliquid, GMX, dYdX, Ostium, Vertex, Paradex, Aster) are monitored separately: their catalogs are crypto-only or verified crypto-only by native API.
Perp DEX liquidation rate: 24h liquidated notional as % of open interest, live
Tradinggains.trade
No data in window
Lighter
Trails0.011 %
- p99
- 0.017%
- rank
- #1
- samples
- 2,880
Frequently asked questions
gains.trade vs Lighter: which one is better?
gains.trade and Lighter are compared on 8 shared OpenChainBench benchmarks. gains.trade leads on Most tradable markets on a perp DEX, live count across 14 venues. 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 more active, gains.trade or Lighter?
On the Most tradable markets on a perp DEX, live count across 14 venues benchmark, gains.trade leads at 360 versus Lighter at 212. Live measurement is updated continuously by the OpenChainBench harness.
Which is cheaper, gains.trade or Lighter?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Lighter leads at 0.0022% versus gains.trade at 0.040%. Live measurement is updated continuously by the OpenChainBench harness.
How is the gains.trade 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.