Volume Monitor
Live crypto data · 10 exchanges

Bybit vs Lighter

Bybit and Lighter side by side from their public APIs: open interest, 24h perp volume, 24h liquidations, number of markets, the coins both list and funding on those coins, with the spread between the two. Each exchange also has its own page with its largest markets.

Bybit has more perpetual open interest: $6.93B, 13.8× Lighter's $501.88M. The two list 109 coins in common, out of 774 on Bybit and 112 on Lighter. Funding on the shared coins averages 0.0026% per 8h on Bybit and 0.0087% on Lighter; of 109 coins, Lighter's rate is higher on 30, Bybit's on 79. The widest funding gap is on RIVER: 0.1120% per 8h higher on Lighter (≈123% APR).

109 shared coins908 perpsAs of 08:12 UTC

Bybit open interest#4 of 10
$6.93B
93.2% of the pair
Lighter open interest#10 of 10
$501.88M
6.8% of the pair
Shared coins
109
665 only on Bybit · 3 only on Lighter

Bybit vs Lighter head to head

MetricBybitLighter
Open interest$6.93B$501.88M
Share of all exchanges tracked9.3%0.7%
Perp volume, 24h$16.45B$1.39B
Perpetual markets796112
OI on the 109 shared coins$5.70B$499.09M
Avg funding on shared coins / 8h0.0026%0.0087%
Higher funding on79 coins30 coins
OI-weighted funding, all perps / 8h0.0067%0.0037%
Liquidations, last 24 hours$34.96M$4,366
Long share of liquidations71.1%0.0%

Funding and open interest on shared coins

top 20 of 109 by combined OI
# Coin Bybit funding Lighter funding Spread / 8h Bybit OI Lighter OI
1BTC0.0092%-0.0048%0.0140%$2.37B$182.24M
2ETH0.0100%0.0096%0.0004%$1.12B$114.36M
3SOL0.0100%0.0024%0.0076%$407.75M$13.88M
4XRP0.0100%0.0096%0.0004%$160.15M$2.06M
5HYPE-0.0219%-0.0008%-0.0211%$131.38M$13.22M
6ZEC0.0071%0.0096%-0.0025%$117.56M$19.20M
7NEAR-0.0326%0.0096%-0.0422%$87.25M$22.05M
8DOGE0.0100%0.0096%0.0004%$71.64M$617K
9LIT0.0100%0.0096%0.0004%$16.57M$49.20M
10BNB0.0100%0.0096%0.0004%$59.51M$3.09M
11ENA0.0100%0.0096%0.0004%$56.37M$4.54M
12LINK-0.0052%0.0048%-0.0100%$53.92M$2.32M
13UNI-0.0132%0.0096%-0.0228%$44.70M$3.68M
14WLD0.0100%0.0096%0.0004%$41.91M$6.18M
15SUI-0.0310%0.0096%-0.0406%$46.91M$1.10M
16LTC0.0039%0.0096%-0.0057%$45.82M$1.33M
17ONDO-0.0346%0.0096%-0.0442%$44.82M$1.19M
18AVAX0.0100%0.0096%0.0004%$41.68M$1.33M
19AAVE0.0100%0.0096%0.0004%$35.08M$5.04M
20ADA0.0100%0.0096%0.0004%$35.27M$2.22M

Coverage. Bybit: Every liquidation (allLiquidation stream); OI and funding polled every 30s; USDT and inverse perps. Lighter: Every liquidation on crypto perps (liquidation fills on the public trade stream); OI, volume and funding polled every 60s; added 2026-09-28.

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 Bybit minus Lighter.

Bybit vs Lighter FAQ

Which has more open interest, Bybit or Lighter?

The open interest cards at the top compare the USD value of open perpetual futures positions on each exchange, summed over every market this site tracks there and valued at the mark price. They update with every page load.

Is funding higher on Bybit or Lighter?

The average funding figures cover only the coins both exchanges list, as 8-hour equivalents, so venues with 1-hour and 8-hour funding compare directly. The table shows each coin's rate on both and the spread; a wide spread is what a funding arbitrage trade collects.

How many coins do Bybit and Lighter both list?

The shared coins count is the number of coins with a perpetual future on both exchanges right now. Stablecoin pairs and Hyperliquid HIP-3 markets are left out.

Where does the data come from?

Each exchange's public market-data API, read live by this site. Nothing here comes from paid data vendors.