Lighter Robinhoodvs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Lighter Robinhood | Hyperliquid | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0%✓ | 0.045% |
| Maker fee | 0%✓ | 0.015% |
| Open Interest | $191.1M | $10.19B✓ |
| 24h Volume | $360.7M | $4.05B✓ |
| Avg Funding APR | 5.84% | 12.77% |
| Markets | 50 | 50 |
| Airdrop / token | Points Active | Listed |
Lighter Robinhood and Hyperliquid are both perpetual-futures venues tracked on ORBIT. On fees, Lighter Robinhood is cheaper (0% vs 0.045% taker). On liquidity, Hyperliquid is deeper with $10.19B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Lighter Robinhood and Hyperliquid diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Lighter Robinhood or Hyperliquid cheaper?
- Lighter Robinhood charges 0% taker / 0% maker; Hyperliquid charges 0.045% taker / 0.015% maker. Lighter Robinhood has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Lighter Robinhood or Hyperliquid?
- Lighter Robinhood has $191.1M open interest across 50 markets; Hyperliquid has $10.19B across 50. Hyperliquid is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Lighter Robinhood and Hyperliquid?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.