Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in at $100k | All-in at $1M |
|---|---|---|
| GMX | 0.060% | 0.060% |
| Lighter | 0.011% | 0.031% |
GMX vs Lighter
GMX leads on 1 of 4 shared benchmarks, Lighter on 3. GMX wins on Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked (1.000x vs 5.91x). Lighter wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.0027% vs 0.060%), Perp DEX mark price fidelity: deviation from CEX spot reference, live (0.046% vs 0.065%), Perp DEX security track record: days without a recorded exploit, live (1,134 vs 395).
GMX
Perp DEX on Arbitrum and Avalanche. Pool-based execution against GLP and GM vaults, oracle-priced trades with no orderbook.
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 cost invariance: all-in bps at $1M vs $1k, live slope ranked
Trading| Provider | $1M fill rate |
|---|---|
| GMX | 100.0% |
| Lighter | 99.7% |
Perp DEX mark price fidelity: deviation from CEX spot reference, live
TradingGMX
Trails0.065 %
- p99
- 0.094%
- rank
- #5
- samples
- 5,756
Lighter
Leads0.046 %
- p99
- 0.069%
- rank
- #1
- samples
- 5,756
Per chain
| Chain | GMX | Lighter |
|---|---|---|
| ETH | 0.058% | 0.046% |
| BTC | 0.065% | 0.046% |
| SOL | 0.062% | 0.038% |
Perp DEX security track record: days without a recorded exploit, live
TradingGMX
Trails395
- p99
- 395
- rank
- #6
- samples
- 5,757
Lighter
Leads1,134
- p99
- 1,134
- rank
- #2
- samples
- 5,757
Perp DEX asset breadth: non-crypto markets live, forex + stocks + indices + commodities
TradingGMX
No data in window
Lighter
Leads40
- p99
- 40
- rank
- #2
Frequently asked questions
GMX vs Lighter: which one is better?
GMX and Lighter are compared on 5 shared OpenChainBench benchmarks. GMX leads on Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope 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 faster on perp dex cost invariance: all-in bps at $1m vs $1k, live slope ranked, GMX or Lighter?
On the Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked benchmark, GMX leads at 1.000x versus Lighter at 5.91x. Live measurement is updated continuously by the OpenChainBench harness.
Which is faster on cheapest perp dex, live all-in cost from $1k to $1m on eth, btc and sol, GMX or Lighter?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Lighter leads at 0.0027% versus GMX at 0.060%. Live measurement is updated continuously by the OpenChainBench harness.
How is the GMX 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.
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.