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 |
|---|---|---|---|
| Lighter | 0.0011% | 0.0093% | 0.029% |
| Ondo Perps | 0.035% | 0.068% | 0.34% |
View
Lightern/aOndo Perpsn/a
Lighter vs Ondo Perps
Lighter leads on all 3 live benchmarks. Lighter wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.0011% vs 0.035%), Perp DEX volume share, live 24h notional ranked ($1.53B vs $146.53M), Most tradable markets on a perp DEX, live count per venue (214 vs 65).
Lighter
Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.
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
Perp DEX volume share, live 24h notional ranked
TradingLighter
Leads$1.53B
- p99
- $2.21B
- rank
- #3
- samples
- 2,880
Ondo Perps
Trails$146.53M
- p99
- $184.86M
- rank
- #9
- samples
- 1,345
24h perp volume
Lightern/aOndo Perpsn/a
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingLighter
No data in window
Ondo Perps
Trails0.0054 %
- p99
- 0%
- rank
- #4
- samples
- 1,344
24h ETH funding stddev
Lightern/aOndo Perpsn/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.
Most tradable markets on a perp DEX, live count per venue
TradingLighter
Leads214
- p99
- 214
- rank
- #5
- samples
- 2,880
Ondo Perps
Trails65
- p99
- 65
- rank
- #13
- samples
- 1,344
Active markets
Lightern/aOndo Perpsn/a
Frequently asked questions
Lighter vs Ondo Perps: which one is better?
Lighter and Ondo Perps are compared on 4 shared OpenChainBench benchmarks. 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 cheaper, Lighter or Ondo Perps?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Lighter leads at 0.0011% versus Ondo Perps at 0.035%. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter 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.
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.