Lighter vs Bybit
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 15 differences
| Line | Lighter | Bybit |
|---|---|---|
| 30-day volume | Edge#03 · $52,570.0M | #14 · Not tracked |
| Trading fees | Edge0% maker · 0% takerStandard accounts, the default, pay no maker or taker fee on regular perp and spot orders, at the cost of slower matching (300ms taker latency), but 1 bp (0.01%) on TWAP/advanced orders and RFQ. Premium/Advanced accounts are opt-in and get faster matching: 0.0040% maker and 0.0280% taker with no LIT staked, reduced by staking LIT. | 0.055% taker · 0.02% makerNon-VIP rate on perpetual and futures contracts: 0.055% taker and 0.02% maker. VIP tiers lower both, based on 30-day derivatives volume or assets held on the account. Funding is charged on top while a position stays open. |
| New-user perk | A 10% discount on the fees you pay, rebated every Monday | Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days |
| Max leverage | up to 50× | Edgeup to 150× |
| Perp markets | 210 | Edge846 |
| Identity check (KYC) | EdgeNo KYC | KYC required |
| Custody | Non-custodial: Ethereum contracts hold the state root, escape hatch available | Custodial: your balances sit on the exchange |
| Settles on | Lighter Core (ZK rollup anchored on Ethereum) | Bybit (centralised matching) |
| Collateral | USDC | USDT, USDC |
| Where it runs | Web | Web, iOS, Android |
| Chains | EdgeEVMEthereum | — |
| Documented features | Edge8 of 10 | 7 of 10 |
| Order book | Yes | Yes |
| Cross margin | Yes | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Not documented |
| Copy trading | Not documented | Yes |
| Stocks, gold or forex | Yes | Yes |
| Points program | Yes | Not documented |
| API | Yes | Yes |
| Mobile app | Yes | Yes |
| Telegram bot | No | Not documented |
Which one should you pick?
Pick Lighter if
Fees are your main cost and you accept slightly slower fills to keep them at zero.
Regular orders are free by default on Lighter, and the venue anchors its state root on Ethereum with a documented escape hatch. The catch is that free matching is slower, and the paid Premium tier exists above it.
Read the Lighter reviewSign up through this link: A 10% discount on the fees you pay, rebated every Monday.
Affiliate link
Pick Bybit if
You want the widest choice of altcoin perps, copy trading and a mobile app, and accept KYC and custody.
The biggest menu of the series: 846 USDT and USDC perpetuals, up to 150x on BTC, 0.055% taker, copy trading and mobile apps. It is a centralised exchange: identity verified, balances held by Bybit. The referral pays new users up to 25 USDT, but EEA residents, France included, are being moved to Bybit EU.
Read the Bybit reviewSign up through this link: Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days.
Affiliate link
