TxFlowvs
Lighter
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 10 liquid markets shared by Lighter and TxFlow, the best funding setup over the past 7 days is $PUMP (long TxFlow, short Lighter): it paid 18.8% APR, 14.1% after costs, and held 98% of the time.
10 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
β7d 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.
| TxFlow | Lighter | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.045% | 0%β |
| Maker fee | 0.015% | 0%β |
| Open Interest | $33.2M | $561.6Mβ |
| 24h Volume | $132.5M | $964.2Mβ |
| Avg Funding APR | -0.39% | 6.67% |
| Markets | 226β | 184 |
| Airdrop / token | Pre-TGE | Listed |
TxFlow and Lighter are both perpetual-futures venues tracked on ORBIT. On fees, Lighter is cheaper (0% vs 0.045% taker). On liquidity, Lighter is deeper with $561.6M 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 TxFlow and Lighter diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between TxFlow and Lighter pays most?
- Across 10 liquid markets shared by Lighter and TxFlow, the best funding setup over the past 7 days is $PUMP (long TxFlow, short Lighter): it paid 18.8% APR, 14.1% after costs, and held 98% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is TxFlow or Lighter cheaper?
- TxFlow charges 0.045% taker / 0.015% maker; Lighter charges 0% taker / 0% maker. Lighter has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, TxFlow or Lighter?
- TxFlow has $33.2M open interest across 226 markets; Lighter has $561.6M across 184. Lighter is deeper, which means lower slippage at size.
- Can I run funding arbitrage between TxFlow and Lighter?
- 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.