Lighter vs MEXC 2026: 2 live benchmarks compared

Name: Lighter vs MEXC OpenChainBench measurements
Creator: OpenChainBench
License: https://creativecommons.org/licenses/by/4.0/

OpenChainBench

Lighter vs MEXC

Split decision: Lighter leads on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0029% vs 0.0083%); MEXC leads on Funding paid to hold an ETH perp long for 30 days, per venue, live (30.7 bps vs 46.9 bps). Data as of 2026-11-07 UTC.

Read methodology Last measured Sat, 07 Nov 2026 10:00:09 UTCWindow: rolling 24h2 shared benchmarks

Lighter

Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.

MEXC

Centralised exchange with a perpetual futures book (MEXC Futures). On OpenChainBench as a reference row: volume, open interest and market count as reported to CoinGecko, funding from the Mobula feed.

Side by side measurements

Perp DEX funding stability, 24h stddev of ETH funding ranked

Trading

Lighter

Leads

0.0029 %

p99: 0.0046%
rank: #4
samples: 2,880

MEXC

Trails

0.0083 %

p99: 0.0075%
rank: #10
samples: 2,880

24h ETH funding stddev

Lightern/aMEXCn/a

Ranked only with 24 hours of funding history (288 samples) and a stddev above zero: a young listing, or a venue whose rate has not moved since listing (Ondo Perps at launch, Polymarket in July), reads artificially stable and shows as Provisional, never as the leader. Stability is not directionality: a persistently positive but tight band ranks above a rate that flips every settlement.

Funding paid to hold an ETH perp long for 30 days, per venue, live

Trading

Lighter

Trails

46.9 bps

p99: 45.9 bps
rank: #13
samples: 720

MEXC

Leads

30.7 bps

p99: 46.9 bps
rank: #4
samples: 720

Funding paid, 30d ETH long

Lightern/aMEXCn/a

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 vs MEXC: which one is better?

Lighter and MEXC are compared on 2 shared OpenChainBench benchmarks. Lighter leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. MEXC leads on Funding paid to hold an ETH perp long for 30 days, per venue, live. See the live table on this page for every metric.

Which is cheaper on 24h eth funding stddev, Lighter or MEXC?

On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, Lighter leads at 0.0029% versus MEXC at 0.0083%. Live measurement is updated continuously by the OpenChainBench harness.

Which is cheaper on funding paid, 30d eth long, Lighter or MEXC?

On the Funding paid to hold an ETH perp long for 30 days, per venue, live benchmark, MEXC leads at 30.7 bps versus Lighter at 46.9 bps. Live measurement is updated continuously by the OpenChainBench harness.

How is the Lighter vs MEXC 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.