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Lighter
Supported DEXZK-native on-chain CLOB exchange for perpetuals and spot trading across crypto, stocks, forex, and commodities with zero gas fees.
Credits
4
per $10k volume
Points Bonus
+10.0%
on Lighter Points
- Volume 24h
- $969M▼12.53%
- Open Interest
- $1.7B
- Fees 24h
- $106K
- Pairs
- 208
- Max Leverage
- 50x
Asset Categories
- Crypto
- Forex
- Stocks
- Real World Assets
- Pre Launch Tokens
- Commodities
- Metals
- Indices
- Indexes
- etf
Deposit Networks
lighter
lighterAccepted Collateral
ETH
USDC
ETHUSDCProtocol Info
Launch Date
Oct 2, 2025
Raised
$68.0M
Open Source
Partially
Last Audit
Nov 24, 2025
Supported Wallets
Coinbase Wallet
MetaMask
W
WalletConnectSupported Languages
English
Restricted Regions
No Restrictions
Trading and orders
Markets, leverage and the controls available before you enter a position.
- Order Matching Model
- Off-chain Clob
- Margin Modes
- Isolated Cross
- Supported Order Types
- Limit Orders, Market Orders, Stop Orders, Trailing Stop, Post-Only, IOC, FOK
- Position Hedge Mode + Isolation Level
- No
- Subaccount Support
- Yes
Costs and funding
Trading charges, discounts and the cost of keeping a position open.
- Trading fee model
- No/Fee
- Maker Fee (Base)
- 0.002%
- Taker Fee (Base)
- 0.020%
- Funding Rate Interval
- Hourly
- Liquidation Fee / Penalty
- 0.0100%
- Fee Discount Mechanism
- Token Staking
More about costs and funding
- Variable Pair-Fee Schedule
- Yes
- Funding Rate Calculation
- Dynamic
- Gas Fees — Order Management
- Gasless trading via zk-rollup.
- Fee Inclusion Notes
- Two tiers (Standard vs Premium) with different fee/latency tradeoffs.
- Zero-Fee Promotion
- Yes
Collateral and exits
What you can deposit, where funds are held and how you get them back.
- Account Model
- Wallet-Based
- Withdrawal Settlement Time Median
- 1-10 Min
- Yield on Idle Collateral / Equity
- No Yield
Security and risk
Audits, liquidation rules and who can change the system.
- Most Recent Audit Date
- Nov 24, 2025
- Oracle Provider(s)
- Pyth Network, Chainlink, Pyth Lazer, Stork Network
- Open Source Code
- Partially
Token and rewards
Token utility, points and referral programmes available to traders.
- Has Points Program
- Yes
- Points System Name
- Lighter Points
- Points Earning Mechanism
- Trading volume, referrals, LIT staking, providing liquidity
- Rewards Programs
- Airdrop Point Program, Trading Rewards, Liquidity Mining, Referrals, Token Staking
- Token Use Cases
- N/A (no native protocol token publicly documented).
Access and experience
Regional restrictions, wallet requirements and ways to use the venue.
- Mobile App
- Mobile Optimized Web, Browser App
- Gas Abstraction
- Fully Sponsored Gasless
- Trading surfaces and pre-trade views
- Web App, API Access, Sdks
Trading pairs
Fee tiers
Fee Model
No/Fee
Fee Discounts
Token Staking
Zero Fee Trading
Yes
Variable Pair Fees
Yes
Withdrawal Fee
$0
Withdrawal Delay
1-10 Min
Funding Interval
Hourly
Funding Mechanism
Dynamic
Flat Fee Structure
| Maker Fee | Taker Fee |
|---|---|
| 0.0000% | 0.0000% |
Trading Incentive
Fee Discount
