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 | 0.0020% | 0.0064% | 0.024% |
| Polymarket | 0.041% | 0.052% | 0.061% |
Lighter vs Polymarket
Lighter leads on all 4 live benchmarks. Lighter wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.0020% vs 0.041%), Perp DEX volume share, live 24h notional ranked ($970.76M vs $71.67M), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0079% vs 0.020%), Most tradable markets on a perp DEX, live count across 14 venues (210 vs 45).
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$970.76M
- p99
- $1.07B
- rank
- #3
- samples
- 2,383
Polymarket
Trails$71.67M
- p99
- $77.10M
- rank
- #10
- samples
- 2,383
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingLighter
Leads0.0079 %
- p99
- 0.012%
- rank
- #8
- samples
- 2,383
Polymarket
Trails0.020 %
- p99
- 0.018%
- rank
- #13
- samples
- 2,384
Stability is not directionality. A venue with persistently positive but tight-banded funding ranks better here than one that flips between positive and negative every settlement, even if the second venue offers better average carry. Read alongside perp-funding for direction and average level.
Most tradable markets on a perp DEX, live count across 14 venues
TradingLighter
Leads210
- p99
- 210
- rank
- #6
- samples
- 2,383
Polymarket
Trails45
- p99
- 45
- rank
- #14
- samples
- 2,383
Frequently asked questions
Lighter vs Polymarket: which one is better?
Lighter and Polymarket 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 Polymarket?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Lighter leads at 0.0020% versus Polymarket at 0.041%. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter vs Polymarket 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.