OpenChainBench

Lighter RH vs Ondo Perps

Split decision: Lighter RH leads on Cheapest perp venue to hold a position, live funding normalized (2.88 bps vs 3.00 bps) and Perp DEX volume share, live 24h notional ranked ($541.73M vs $178.69M); Ondo Perps leads on Most tradable markets on a perp DEX, live count per venue (65 vs 57) and Perp DEX asset breadth (56 vs 43).

Read methodology Last measured Window: rolling 24h4 shared benchmarks
LR
Lighter RH
Ondo Perps logo
Ondo Perps

Ondo Perps is Ondo Finance's perpetuals exchange (live since June 2026): an off-chain matching engine running in Intel SGX enclaves with on-chain custody on Ethereum and Arbitrum, USDC and Ondo tokenized stocks as collateral, and 60+ markets across US equities, ETFs, commodities, indices, FX and crypto.

Side by side measurements

Cheapest perp venue to hold a position, live funding normalized

Trading

Lighter RH

Leads

2.88 bps

p99
-2.86 bps
rank
#8
samples
369

Ondo Perps

Trails

3.00 bps

p99
3.00 bps
rank
#10
samples
2,875
Funding cost to hold a long 24h
Lighter RHn/aOndo Perpsn/a

Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (1h for Hyperliquid and dYdX, 4h or 8h elsewhere); every figure is normalized from the venue's own quoted rate and interval before ranking. Funding is only the holding cost. Opening costs (taker fee, spread, impact) are the companion bench perp-fees.

Rolling 24h · Funding cost to hold a long 24hRaw JSON

Perp DEX asset breadth: non-crypto markets live, forex + stocks + indices + commodities

Trading

Lighter RH

Trails

43

p99
43
rank
#9
samples
2,243

Ondo Perps

Leads

56

p99
56
rank
#8
samples
2,343
Non-crypto markets
Lighter RHn/aOndo Perpsn/a

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.

Rolling 24h · Non-crypto marketsRaw JSON

Frequently asked questions

Lighter RH vs Ondo Perps: which one is better?

Lighter RH and Ondo Perps are compared on 4 shared OpenChainBench benchmarks. Lighter RH leads on Cheapest perp venue to hold a position, live funding normalized. Ondo Perps leads on Most tradable markets on a perp DEX, live count per venue. See the live table on this page for every metric.

Which is cheaper, Lighter RH or Ondo Perps?

On the Cheapest perp venue to hold a position, live funding normalized benchmark, Lighter RH leads at 2.88 bps versus Ondo Perps at 3.00 bps. Live measurement is updated continuously by the OpenChainBench harness.

Which has the higher active markets, Lighter RH or Ondo Perps?

On the Most tradable markets on a perp DEX, live count per venue benchmark, Ondo Perps leads at 65 versus Lighter RH at 57. Live measurement is updated continuously by the OpenChainBench harness.

How is the Lighter RH vs Ondo Perps 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

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.

Live data refreshes via ISR within 60 seconds of a new run. Sources are the same Prometheus queries surfaced on the parent benchmark pages.