Lightervs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 42 liquid markets shared by Binance Futures and Lighter, the best funding setup over the past 7 days is $SOL (long Lighter, short Binance Futures): it paid 21.7% APR, 16.5% after costs, and held 49% of the time.
42 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
LighterBinance Futuresβ7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Lighter | Binance Futures | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 0%β | 0.05% |
| Maker fee | 0%β | 0.02% |
| Open Interest | $555.4M | $26.81Bβ |
| 24h Volume | $969.4M | $19.02Bβ |
| Avg Funding APR | 6.30% | 7.00% |
| Markets | 184 | 538β |
| Airdrop / token | Listed | Listed |
Lighter and Binance Futures are both perpetual-futures venues tracked on ORBIT. On fees, Lighter is cheaper (0% vs 0.05% taker). On liquidity, Binance Futures is deeper with $26.81B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β 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 and Binance Futures diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Lighter and Binance Futures pays most?
- Across 42 liquid markets shared by Binance Futures and Lighter, the best funding setup over the past 7 days is $SOL (long Lighter, short Binance Futures): it paid 21.7% APR, 16.5% after costs, and held 49% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Lighter or Binance Futures cheaper?
- Lighter charges 0% taker / 0% maker; Binance Futures charges 0.05% taker / 0.02% maker. Lighter has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Lighter or Binance Futures?
- Lighter has $555.4M open interest across 184 markets; Binance Futures has $26.81B across 538. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Lighter and Binance Futures?
- Yes β 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.