Lighter RH leads on 1 of 5 shared benchmarks, Vest on 4. Lighter RH wins on Perp DEX volume share, live 24h notional ranked ($567.04M vs $136.52M). Vest wins on Cheapest perp venue to hold a position, live funding normalized (1.65 bps vs 2.57 bps), Most tradable markets on a perp DEX, live count per venue (88 vs 58), Perp DEX asset breadth (75 vs 43), Funding paid to hold an ETH perp long for 30 days, per venue, live (64.4 bps vs 69.1 bps). Data as of 2026-10-10 UTC.
Read methodology Last measured Window: rolling 24h5 shared benchmarks
Lighter's Robinhood deployment: the same zk order-book engine as Lighter mainnet on a separate host (api.rh.lighter.xyz) with its own books, listing US equities next to crypto perps.
Vest is a zk-settled perpetuals exchange listing crypto next to US equities, indices and FX perps under a {TICKER}-USD-PERP convention, with a public REST API (ticker, funding, order book) and no open-interest feed.
Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (hourly on Hyperliquid, dYdX, Lighter, Extended, Pacifica, Ondo, Vest, StandX and ApeX, every 4h on edgeX, every 8h on Kalshi, Aster and the CEX books); 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.
Counts reflect each venue's live market catalog at query time, mainnet
only. The asset class comes from the venue's own metadata where it
publishes one; Hyperliquid HIP-3 dexes and dYdX publish none, so their
symbols are matched against the crypto markets the other venues list
and a fixed table of forex, commodity and index names. Tokenized gold
(PAXG, XAUT) is a crypto token and is not counted. A market counts once
whether it trades 24/7 or only during exchange hours.
Every row is a month of funding at the venue's average daily cost over
the hours measured in the trailing 30 days (average x 30). A venue
ranks only with 576 of the 720 hours (24 days) behind that average;
under the floor the row is provisional, unranked, and shows its day
count (the venues added on 2026-09-22 and 2026-09-23 start there).
Funding is signed: on a month where shorts paid longs the figure is
negative and "cheapest" means "was paid the most".
Frequently asked questions
Lighter RH vs Vest: which one is better?
Lighter RH and Vest are compared on 5 shared OpenChainBench benchmarks. Lighter RH leads on Perp DEX volume share, live 24h notional ranked. Vest leads on Cheapest perp venue to hold a position, live funding normalized. See the live table on this page for every metric.
Which has the higher 24h perp volume, Lighter RH or Vest?
On the Perp DEX volume share, live 24h notional ranked benchmark, Lighter RH leads at $567.04M versus Vest at $136.52M. Live measurement is updated continuously by the OpenChainBench harness.
Which is cheaper, Lighter RH or Vest?
On the Cheapest perp venue to hold a position, live funding normalized benchmark, Vest leads at 1.65 bps versus Lighter RH at 2.57 bps. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter RH vs Vest 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.
