Lighter vs MEXC head to head
| Metric | Lighter | MEXC |
|---|---|---|
| Open interest | $496.16M | $12.15B |
| Share of all exchanges tracked | 0.7% | 16.3% |
| Perp volume, 24h | $1.42B | $11.23B |
| Perpetual markets | 112 | 651 |
| OI on the 105 shared coins | $492.23M | $9.75B |
| Avg funding on shared coins / 8h | 0.0100% | 0.0061% |
| Higher funding on | 31 coins | 74 coins |
| OI-weighted funding, all perps / 8h | 0.0093% | 0.0066% |
| Liquidations, 24h | $19K | — |
Liquidations are compared only when both exchanges publish a liquidation feed this site reads.
Funding and open interest on shared coins
top 20 of 105 by combined OI| # | Coin | Lighter funding | MEXC funding | Spread / 8h | Lighter OI | MEXC OI |
|---|---|---|---|---|---|---|
| 1 | BTC | 0.0080% | 0.0057% | 0.0023% | $176.01M | $4.45B |
| 2 | ETH | 0.0096% | 0.0100% | -0.0004% | $115.51M | $2.28B |
| 3 | SOL | 0.0080% | 0.0063% | 0.0017% | $13.78M | $387.68M |
| 4 | XRP | 0.0096% | 0.0100% | -0.0004% | $2.01M | $334.22M |
| 5 | ZEC | 0.0096% | 0.0100% | -0.0004% | $19.18M | $185.71M |
| 6 | HYPE | 0.0096% | 0.0100% | -0.0004% | $12.80M | $121.58M |
| 7 | TAO | 0.0096% | 0.0100% | -0.0004% | $1.09M | $128.79M |
| 8 | DOGE | 0.0096% | 0.0100% | -0.0004% | $630K | $123.61M |
| 9 | NEAR | 0.0216% | 0.0010% | 0.0206% | $22.37M | $90.99M |
| 10 | SUI | 0.0096% | 0.0000% | 0.0096% | $1.11M | $104.34M |
| 11 | PEPE | 0.0096% | 0.0100% | -0.0004% | $1.04M | $97.90M |
| 12 | LTC | 0.0096% | 0.0044% | 0.0052% | $1.34M | $81.29M |
| 13 | BNB | 0.0096% | 0.0000% | 0.0096% | $3.02M | $79.60M |
| 14 | HBAR | 0.0096% | 0.0100% | -0.0004% | $750K | $60.62M |
| 15 | UNI | 0.0096% | 0.0050% | 0.0046% | $3.59M | $57.21M |
| 16 | LIT | 0.0096% | 0.0100% | -0.0004% | $48.96M | $9.44M |
| 17 | AVAX | 0.0096% | 0.0100% | -0.0004% | $1.30M | $56.12M |
| 18 | ONDO | 0.0096% | 0.0100% | -0.0004% | $1.17M | $56.19M |
| 19 | WLD | 0.0096% | 0.0048% | 0.0048% | $6.11M | $49.08M |
| 20 | LINK | 0.0096% | 0.0046% | 0.0050% | $2.36M | $51.40M |
Coverage. Lighter: Every liquidation on crypto perps (liquidation fills on the public trade stream); OI, volume and funding polled every 60s; added 2026-09-28. MEXC: USDT perps: open interest and funding polled over REST every 60s; MEXC publishes no liquidation feed.
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 Lighter minus MEXC.