Cheapest perp DEX, live all-in fee on a $1000 ETH 10x long
TradingLighter
Leads0.0025 %
- p99
- 0.015%
- rank
- #1
- samples
- 5,760
Polymarket
Trails0.041 %
- p99
- 0.041%
- rank
- #3
- samples
- 399
Per chain
| Chain | Lighter | Polymarket |
|---|---|---|
| ETH | 0.0042% | 0.043% |
Lighter vs Polymarket
Lighter leads on 4 of 4 shared benchmarks, Polymarket on 0. Lighter wins on Cheapest perp DEX, live all-in fee on a $1000 ETH 10x long (0.0025% vs 0.041%), Perp DEX volume share, live 24h notional ranked ($1.12B vs $48.85M), Perp DEX open interest, live USD notional ranked ($420.68M vs $21.89M), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0059% 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.
Polymarket
The largest crypto prediction market, settled on Polygon via UMA optimistic oracle. CLOB-style order book hosted on the Polymarket gateway with sub-second publish latency for live odds.
Side by side measurements
Perp DEX volume share, live 24h notional ranked
TradingLighter
Leads$1.12B
- p99
- $1.32B
- rank
- #4
- samples
- 5,759
Polymarket
Trails$48.85M
- p99
- $49.52M
- rank
- #9
- samples
- 399
Perp DEX open interest, live USD notional ranked
TradingLighter
Leads$420.68M
- p99
- $428.62M
- rank
- #3
- samples
- 5,759
Polymarket
Trails$21.89M
- p99
- $21.99M
- rank
- #10
- samples
- 399
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingLighter
Leads0.0059 %
- p99
- 0.012%
- rank
- #9
- samples
- 5,759
Polymarket
Trails0.011 %
- p99
- 0%
- rank
- #12
- samples
- 206
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.