Lighter Benchmark
Lighter is measured across 17 live OpenChainBench benchmarks, with 3 #1 finishes: Cheapest perp DEX (ranks #1 of 11, 0.0025% p50), Perp DEX daily volume 2026 (ranks #2 of 11, $2.13B p50), Perp DEX security track record (ranks #2 of 6, 1,193 p50), Perp DEX volume share (ranks #3 of 23, $1.29B p50). Data as of 2026-10-06 UTC.
17 benchmarks · 3 #1 finishes · View on /perps
Lighter
Lighter L2Perpetual DEX tracked by OpenChainBenchLive KPIs
Volume 30d, OpenChainBench total
$41.26B
Open interest, perps only
$604.79M
Fees 30d
$3.08M
All-in fee (ETH 10x)
0.2 bps
Funding 24h (ETH)
+1.3 bps
Tradable markets
211
Venue data
Volume 24h, venue snapshot
$1.50B
Trades 24h
1.85M
Historical
Daily perp volume (UTC days, bench 266)
All-time
Total Volume
$1830.10B
Total Fees
$37.0M
Total Trades
1.30B
OpenChainBench measurements
Other perp venues on the same benchmarks
Hyperliquid
9 shared benchmarks
dYdX v4
9 shared benchmarks
Paradex
8 shared benchmarks
Aster
7 shared benchmarks
Gains
6 shared benchmarks
Extended
6 shared benchmarks
Polymarket
6 shared benchmarks
Ondo Perps
6 shared benchmarks
EdgeX
5 shared benchmarks
Kalshi
4 shared benchmarks
Vest
4 shared benchmarks
StandX
4 shared benchmarks
ApeX Omni
4 shared benchmarks
Pacifica
3 shared benchmarks
Lighter RH
3 shared benchmarks
Nado
2 shared benchmarks
Aevo
2 shared benchmarks
GRVT
2 shared benchmarks
Jupiter Perps
2 shared benchmarks
trade.xyz
2 shared benchmarks
- G
GMX v2
1 shared benchmark
Ostium
1 shared benchmark
Orderly
1 shared benchmark
Backpack
1 shared benchmark
Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.
Last measured
Live benchmark results
- #1of 11
Trading
Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
All-in cost
#1 of 11 on ETH#1 of 11 on BTC#1 of 11 on SOL
0.0025%
p50 · 24h
- #2of 11
Trading
Perp DEX daily volume 2026: Hyperliquid, Aster, Lighter, GMX, Gains, dYdX by UTC day, backfilled
Daily perp volume
$2.13B
p50 · 24h
- #2of 6
Trading
Perp DEX security track record: days without a recorded exploit, live
Days since last exploit
1,193
p50 · 24h
- #3of 23
Trading
Perp DEX volume share, live 24h notional ranked
24h perp volume
$1.29B
p50 · 24h
- #4of 9
Trading
Perp DEX execution quality: slippage on a $100k market order, live across orderbook venues
Slippage at $100k
0.0069%
p50 · 24h
- #5of 22
Trading
Most tradable markets on a perp DEX, live count per venue
Active markets
211
p50 · 24h
- #5of 18
Trading
Cheapest perp venue to hold a position, live funding normalized
Funding cost to hold a long 24h
1.26 bps
p50 · 24h
- #5of 6
Trading
Perp DEX mark price fidelity: deviation from CEX spot reference, live
Mark price deviation
0.050%
p50 · 24h
- #7of 9
Trading
Perp DEX token P/E ratio 2026: Hyperliquid, Lighter, GMX, dYdX, GNS live
P/E ratio
76.7x
p50 · 24h
- #8of 8
Trading
Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
Cost slope ($1M / $1k)
5.15x
p50 · 24h
- #9of 13
Trading
Perp DEX price to fees: what the market pays per dollar of trading fees
P/F ratio
16.2x
p50 · 24h
- #10of 12
Trading
Funding paid to hold an ETH perp long for 30 days, per venue, live
Funding paid, 30d ETH long
66.1 bps
p50 · 24h
- #11of 15
Trading
Perp DEX asset breadth: non-crypto markets live, stocks + indices + forex + commodities
Non-crypto markets
38
p50 · 24h
- #11of 14
Trading
Perp DEX funding stability, 24h stddev of ETH funding ranked
24h ETH funding stddev
0.015%
p50 · 24h
- #11of 12
Trading
Perp DEX capital efficiency: active markets per $M TVL, live
Markets per $M TVL
0.275
p50 · 24h
- #15of 22
Trading
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
Volume / OI (24h)
2.13x
p50 · 24h
- #58of 65
Trading
Price to fees across DeFi: what the market pays per dollar of protocol fees
P/F ratio
16.3x
p50 · 24h
Compare Lighter to alternatives
Pick a head to head pair to see Lighter and a competitor side by side across every benchmark they share.
Hyperliquid
17 shared benchmarks
dYdX
15 shared benchmarks
Aster
14 shared benchmarks
Paradex
13 shared benchmarks
Extended
12 shared benchmarks
Gains
12 shared benchmarks
GMX
11 shared benchmarks
edgeX
10 shared benchmarks
ApeX Omni
9 shared benchmarks
Ondo Perps
9 shared benchmarks
Polymarket
8 shared benchmarks
Kalshi
7 shared benchmarks
Alternatives lists featuring Lighter
Embeddable badges
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Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
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<a href="https://openchainbench.com/benchmarks/perp-fees"><img src="https://openchainbench.com/api/badge/perp-fees/lighter" alt="Ranked #1 on OpenChainBench: Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL" height="44" /></a>
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Raw figures /api/citable