Volume Monitor
Live crypto data · 10 exchanges

KuCoin vs Lighter

KuCoin and Lighter side by side from their public APIs: open interest, 24h perp volume, 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.

KuCoin has more perpetual open interest: $3.18B, 6.3× Lighter's $501.88M. The two list 108 coins in common, out of 526 on KuCoin and 112 on Lighter. Funding on the shared coins averages 0.0093% per 8h on KuCoin and 0.0077% on Lighter; of 108 coins, KuCoin's rate is higher on 86, Lighter's on 22. The widest funding gap is on NMR: 0.1540% per 8h higher on Lighter (≈169% APR).

108 shared coins642 perpsAs of 08:12 UTC

KuCoin open interest#8 of 10
$3.18B
86.4% of the pair
Lighter open interest#10 of 10
$501.88M
13.6% of the pair
Shared coins
108
418 only on KuCoin · 4 only on Lighter

KuCoin vs Lighter head to head

MetricKuCoinLighter
Open interest$3.18B$501.88M
Share of all exchanges tracked4.3%0.7%
Perp volume, 24h$3.70B$1.39B
Perpetual markets530112
OI on the 108 shared coins$2.63B$501.16M
Avg funding on shared coins / 8h0.0093%0.0077%
Higher funding on86 coins22 coins
OI-weighted funding, all perps / 8h0.0069%0.0037%
Liquidations, 24h—$4,366

Liquidations are compared only when both exchanges publish a liquidation feed this site reads.

Funding and open interest on shared coins

top 20 of 108 by combined OI
# Coin KuCoin funding Lighter funding Spread / 8h KuCoin OI Lighter OI
1BTC0.0026%-0.0048%0.0074%$990.60M$182.24M
2ETH0.0025%0.0096%-0.0071%$468.11M$114.36M
3SOL0.0019%0.0024%-0.0005%$136.25M$13.88M
4ZEC0.0100%0.0096%0.0004%$97.19M$19.20M
5XRP0.0066%0.0096%-0.0030%$100.45M$2.06M
6NEAR0.0100%0.0096%0.0004%$64.73M$22.05M
7DOGE0.0100%0.0096%0.0004%$59.72M$617K
8SUI0.0100%0.0096%0.0004%$57.55M$1.10M
9HYPE0.0100%-0.0008%0.0108%$41.47M$13.22M
10LIT0.0100%0.0096%0.0004%$5.20M$49.20M
11XMR0.0049%0.0096%-0.0047%$38.97M$2.30M
12PAXG0.0100%-0.0144%0.0244%$32.02M$1.45M
13ENA0.0100%0.0096%0.0004%$27.50M$4.54M
14ADA0.0100%0.0096%0.0004%$28.44M$2.22M
15PUMP0.0100%0.0096%0.0004%$27.97M$2.56M
16LINK0.0077%0.0048%0.0029%$25.94M$2.32M
17BNB0.0025%0.0096%-0.0071%$24.33M$3.09M
18LTC0.0100%0.0096%0.0004%$23.17M$1.33M
19PEPE0.0100%0.0096%0.0004%$19.62M$1.13M
20TAO0.0100%0.0096%0.0004%$17.58M$1.10M

Coverage. KuCoin: USDT and inverse perps: open interest and funding polled over REST every 60s; KuCoin publishes no liquidation feed. 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 KuCoin minus Lighter.

KuCoin vs Lighter FAQ

Which has more open interest, KuCoin 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 KuCoin 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 KuCoin 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.