Gate vs Lighter head to head
| Metric | Gate | Lighter |
|---|---|---|
| Open interest | $5.48B | $501.36M |
| Share of all exchanges tracked | 8.7% | 0.8% |
| Perp volume, 24h | $12.40B | $1.38B |
| Perpetual markets | 581 | 112 |
| OI on the 109 shared coins | $5.35B | $499.73M |
| Avg funding on shared coins / 8h | 0.0027% | 0.0060% |
| Higher funding on | 82 coins | 27 coins |
| OI-weighted funding, all perps / 8h | 0.0037% | 0.0058% |
| Liquidations, last 24 hours | $23.57M | $46K |
| Long share of liquidations | 54.5% | 18.3% |
Funding and open interest on shared coins
top 20 of 109 by combined OI| # | Coin | Gate funding | Lighter funding | Spread / 8h | Gate OI | Lighter OI |
|---|---|---|---|---|---|---|
| 1 | BTC | -0.0004% | 0.0032% | -0.0036% | $2.25B | $175.34M |
| 2 | ETH | 0.0062% | 0.0096% | -0.0034% | $1.18B | $117.52M |
| 3 | SOL | 0.0009% | -0.0128% | 0.0137% | $419.29M | $14.17M |
| 4 | ZEC | 0.0097% | 0.0096% | 0.0001% | $167.21M | $19.39M |
| 5 | XRP | 0.0100% | 0.0016% | 0.0084% | $183.66M | $2.31M |
| 6 | HYPE | 0.0100% | 0.0096% | 0.0004% | $111.01M | $13.04M |
| 7 | NEAR | 0.0016% | 0.0096% | -0.0080% | $100.78M | $22.75M |
| 8 | DOGE | 0.0100% | 0.0096% | 0.0004% | $120.31M | $741K |
| 9 | BNB | 0.0100% | 0.0096% | 0.0004% | $106.75M | $3.09M |
| 10 | SUI | 0.0100% | 0.0096% | 0.0004% | $88.97M | $1.11M |
| 11 | LINK | 0.0064% | 0.0096% | -0.0032% | $81.70M | $2.30M |
| 12 | UNI | 0.0083% | 0.0096% | -0.0013% | $75.16M | $3.46M |
| 13 | PEPE | 0.0100% | 0.0104% | -0.0004% | $53.10M | $1.19M |
| 14 | ADA | 0.0100% | 0.0016% | 0.0084% | $50.73M | $2.23M |
| 15 | LIT | 0.0100% | 0.0096% | 0.0004% | $1.41M | $49.69M |
| 16 | LTC | 0.0100% | 0.0096% | 0.0004% | $49.39M | $1.34M |
| 17 | ONDO | 0.0100% | 0.0096% | 0.0004% | $45.27M | $1.15M |
| 18 | TAO | -0.0256% | 0.0096% | -0.0352% | $45.07M | $1.09M |
| 19 | ENA | 0.0100% | 0.0096% | 0.0004% | $40.97M | $5.04M |
| 20 | AVAX | 0.0100% | 0.0096% | 0.0004% | $41.46M | $1.32M |
Coverage. Gate: Every liquidation on USDT perps (futures.public_liquidates, batched each second); OI and funding polled every 30s; BTC-settled inverse perp not covered (under $50M OI). 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 Gate minus Lighter.