Volume Monitor
Live crypto data · 10 exchanges

Binance vs Lighter

Binance and Lighter side by side from their public APIs: open interest, 24h perp volume, 24h liquidations, number of markets, the coins both list and funding on those coins, with the spread between the two. Each exchange also has its own page with its largest markets.

Binance has more perpetual open interest: $30.18B, 60.3× Lighter's $500.81M. The two list 104 coins in common, out of 526 on Binance and 112 on Lighter. Funding on the shared coins averages 0.0066% per 8h on Binance and 0.0099% on Lighter; of 104 coins, Lighter's rate is higher on 29, Binance's on 75. The widest funding gap is on NMR: 0.2766% per 8h higher on Lighter (≈303% APR).

104 shared coins696 perpsAs of 08:53 UTC

Binance open interest#1 of 10
$30.18B
98.4% of the pair
Lighter open interest#10 of 10
$500.81M
1.6% of the pair
Shared coins
104
422 only on Binance · 8 only on Lighter

Binance vs Lighter head to head

MetricBinanceLighter
Open interest$30.18B$500.81M
Share of all exchanges tracked40.5%0.7%
Perp volume, 24h$54.83B$1.43B
Perpetual markets584112
OI on the 104 shared coins$21.17B$498.43M
Avg funding on shared coins / 8h0.0066%0.0099%
Higher funding on75 coins29 coins
OI-weighted funding, all perps / 8h0.0079%0.0054%
Liquidations, last 24 hours$166.51M$19K
Long share of liquidations63.4%18.6%

Funding and open interest on shared coins

top 20 of 104 by combined OI
# Coin Binance funding Lighter funding Spread / 8h Binance OI Lighter OI
1BTC0.0061%-0.0016%0.0077%$7.79B$181.58M
2ETH0.0100%0.0096%0.0004%$6.31B$114.07M
3SOL0.0062%0.0064%-0.0002%$981.57M$13.79M
4ZEC0.0100%0.0096%0.0004%$641.57M$19.38M
5XRP0.0100%0.0096%0.0004%$476.40M$2.05M
6BNB0.0000%0.0096%-0.0096%$443.29M$3.04M
7HYPE0.0028%0.0008%0.0020%$374.01M$13.06M
8DOGE0.0100%0.0096%0.0004%$289.50M$624K
9NEAR0.0089%0.0096%-0.0007%$247.67M$22.27M
10UNI0.0032%0.0096%-0.0064%$246.50M$3.73M
11LINK-0.0035%0.0096%-0.0131%$157.38M$2.32M
12SUI0.0027%0.0096%-0.0069%$157.41M$1.09M
13ENA0.0100%0.0096%0.0004%$140.36M$4.54M
14WLFI0.0229%0.0096%0.0133%$137.14M$949K
15AVAX0.0100%0.0096%0.0004%$125.53M$1.30M
16LIT0.0100%0.0096%0.0004%$70.17M$49.17M
17BCH0.0044%0.0096%-0.0052%$115.48M$528K
18WLD0.0069%0.0096%-0.0027%$101.60M$6.14M
19PAXG0.0034%-0.0128%0.0162%$106.19M$1.46M
20LTC0.0062%0.0096%-0.0034%$103.01M$1.33M

Coverage. Binance: USDⓈ-M perps and, from 2026-09-28, COIN-M (inverse) perps; liquidations sampled: Binance publishes at most one per symbol per second. Lighter: Every liquidation on crypto perps (liquidation fills on the public trade stream); OI, volume and funding polled every 60s; added 2026-09-28.

How it's counted. Open interest is the USD value of open perpetual positions (one side) at the mark price, summed over the markets this site tracks; stablecoin pairs are left out. Shared coins are coins with a perpetual on both exchanges (Hyperliquid HIP-3 markets excluded); where an exchange lists several perps for a coin, the one with the most open interest is used. Funding is the 8-hour equivalent; the spread is Binance minus Lighter.

Binance vs Lighter FAQ

Which has more open interest, Binance or Lighter?

The open interest cards at the top compare the USD value of open perpetual futures positions on each exchange, summed over every market this site tracks there and valued at the mark price. They update with every page load.

Is funding higher on Binance or Lighter?

The average funding figures cover only the coins both exchanges list, as 8-hour equivalents, so venues with 1-hour and 8-hour funding compare directly. The table shows each coin's rate on both and the spread; a wide spread is what a funding arbitrage trade collects.

How many coins do Binance and Lighter both list?

The shared coins count is the number of coins with a perpetual future on both exchanges right now. Stablecoin pairs and Hyperliquid HIP-3 markets are left out.

Where does the data come from?

Each exchange's public market-data API, read live by this site. Nothing here comes from paid data vendors.