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 |
|---|---|---|
| Lighter | 0.010% | 0.040% |
| Paradex | 0.49% | 1.74% |
Lighter vs Paradex
Lighter leads on 5 of 6 shared benchmarks, Paradex on 1. Lighter wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.0027% vs 0.037%), Perp DEX volume share, live 24h notional ranked ($977.61M vs $6.72M), Most tradable markets on a perp DEX, live count across 14 venues (205 vs 62), Perp DEX mark price fidelity: deviation from CEX spot reference, live (0.046% vs 0.068%). Paradex wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0054% vs 0.011%).
Lighter
Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.
Paradex
Paradex is a perps-focused L2 exchange built on Starknet tech, with USD-settled perpetuals and funding accrued continuously over an 8 hour period.
Side by side measurements
Perp DEX volume share, live 24h notional ranked
TradingLighter
Leads$977.61M
- p99
- $1.15B
- rank
- #3
- samples
- 5,757
Paradex
Trails$6.72M
- p99
- $7.66M
- rank
- #10
- samples
- 5,757
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingLighter
Trails0.011 %
- p99
- 0.0062%
- rank
- #11
- samples
- 5,756
Paradex
Leads0.0054 %
- p99
- 0.0032%
- rank
- #5
- samples
- 2,877
Most tradable markets on a perp DEX, live count across 14 venues
TradingLighter
Leads205
- p99
- 205
- rank
- #5
- samples
- 5,757
Paradex
Trails62
- p99
- 62
- rank
- #11
- samples
- 5,757
Perp DEX mark price fidelity: deviation from CEX spot reference, live
TradingLighter
Leads0.046 %
- p99
- 0.063%
- rank
- #1
- samples
- 5,756
Paradex
Trails0.068 %
- p99
- 0.091%
- rank
- #6
- samples
- 5,756
Per chain
| Chain | Lighter | Paradex |
|---|---|---|
| ETH | 0.047% | 0.029% |
| BTC | 0.046% | 0.068% |
| SOL | 0.033% | 0.050% |
Perp DEX security track record: days without a recorded exploit, live
TradingLighter
Leads1,135
- p99
- 1,135
- rank
- #2
- samples
- 5,757
Paradex
Trails1,043
- p99
- 1,043
- rank
- #4
- samples
- 5,757
Frequently asked questions
Lighter vs Paradex: which one is better?
Lighter and Paradex are compared on 6 shared OpenChainBench benchmarks. Lighter leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. Paradex leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.
Which is faster on cheapest perp dex, live all-in cost from $1k to $1m on eth, btc and sol, Lighter or Paradex?
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 Paradex at 0.037%. Live measurement is updated continuously by the OpenChainBench harness.
Which is faster on perp dex funding stability, 24h stddev of eth funding ranked, Lighter or Paradex?
On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, Paradex leads at 0.0054% versus Lighter at 0.011%. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter vs Paradex 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.