Gate vs Lighter head to head
| Metric | Gate | Lighter |
|---|---|---|
| Open interest | $5.41B | $502.51M |
| Share of all exchanges tracked | 7.2% | 0.7% |
| Perp volume, 24h | $13.07B | $1.40B |
| Perpetual markets | 581 | 112 |
| OI on the 109 shared coins | $5.28B | $500.97M |
| Avg funding on shared coins / 8h | 0.0080% | 0.0138% |
| Higher funding on | 80 coins | 29 coins |
| OI-weighted funding, all perps / 8h | 0.0051% | 0.0093% |
| Liquidations, last 24 hours | $23.21M | $19K |
| Long share of liquidations | 57.1% | 18.5% |
Funding and open interest on shared coins
top 20 of 109 by combined OI| # | Coin | Gate funding | Lighter funding | Spread / 8h | Gate OI | Lighter OI |
|---|---|---|---|---|---|---|
| 1 | BTC | 0.0005% | 0.0080% | -0.0075% | $2.21B | $181.19M |
| 2 | ETH | 0.0100% | 0.0096% | 0.0004% | $1.16B | $115.52M |
| 3 | SOL | 0.0024% | 0.0096% | -0.0072% | $421.11M | $13.82M |
| 4 | ZEC | 0.0100% | 0.0096% | 0.0004% | $163.33M | $19.28M |
| 5 | XRP | 0.0100% | 0.0096% | 0.0004% | $180.46M | $2.02M |
| 6 | HYPE | 0.0100% | 0.0096% | 0.0004% | $111.72M | $12.90M |
| 7 | DOGE | 0.0100% | 0.0096% | 0.0004% | $120.90M | $634K |
| 8 | NEAR | -0.0020% | 0.0096% | -0.0116% | $98.14M | $22.38M |
| 9 | BNB | 0.0100% | 0.0096% | 0.0004% | $107.39M | $3.02M |
| 10 | SUI | 0.0100% | 0.0096% | 0.0004% | $89.25M | $1.10M |
| 11 | LINK | 0.0050% | 0.0096% | -0.0046% | $81.80M | $2.30M |
| 12 | UNI | 0.0099% | 0.0096% | 0.0003% | $75.21M | $3.72M |
| 13 | PEPE | 0.0100% | 0.0096% | 0.0004% | $53.07M | $1.06M |
| 14 | ADA | 0.0100% | 0.0096% | 0.0004% | $49.24M | $2.24M |
| 15 | LTC | 0.0100% | 0.0096% | 0.0004% | $49.94M | $1.34M |
| 16 | LIT | 0.0100% | 0.0096% | 0.0004% | $1.40M | $49.33M |
| 17 | TAO | 0.0020% | 0.0096% | -0.0076% | $45.41M | $1.10M |
| 18 | ONDO | -0.0004% | 0.0096% | -0.0100% | $44.60M | $1.19M |
| 19 | ENA | 0.0100% | 0.0104% | -0.0004% | $40.99M | $4.73M |
| 20 | AVAX | 0.0100% | 0.0096% | 0.0004% | $41.14M | $1.34M |
Coverage. Gate: Every liquidation on USDT perps (futures.public_liquidates, batched each second); OI and funding polled every 30s; BTC-settled inverse perp not covered (under $50M OI). 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 Gate minus Lighter.