Volume Monitor
Live crypto data · 10 exchanges

Lighter vs MEXC

Lighter and MEXC side by side from their public APIs: open interest, 24h perp volume, 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.

MEXC has more perpetual open interest: $12.06B, 24.0× Lighter's $501.93M. The two list 105 coins in common, out of 112 on Lighter and 651 on MEXC. Funding on the shared coins averages 0.0089% per 8h on Lighter and 0.0094% on MEXC; of 105 coins, MEXC's rate is higher on 78, Lighter's on 27. The widest funding gap is on STONK: 0.4180% per 8h higher on MEXC (≈458% APR).

105 shared coins763 perpsAs of 08:13 UTC

Lighter open interest#10 of 10
$501.93M
4.0% of the pair
MEXC open interest#2 of 10
$12.06B
96.0% of the pair
Shared coins
105
7 only on Lighter · 546 only on MEXC

Lighter vs MEXC head to head

MetricLighterMEXC
Open interest$501.93M$12.06B
Share of all exchanges tracked0.7%16.2%
Perp volume, 24h$1.39B$11.19B
Perpetual markets112651
OI on the 105 shared coins$498.11M$9.67B
Avg funding on shared coins / 8h0.0089%0.0094%
Higher funding on27 coins78 coins
OI-weighted funding, all perps / 8h0.0036%0.0067%
Liquidations, 24h$4,366—

Liquidations are compared only when both exchanges publish a liquidation feed this site reads.

Funding and open interest on shared coins

top 20 of 105 by combined OI
# Coin Lighter funding MEXC funding Spread / 8h Lighter OI MEXC OI
1BTC-0.0048%0.0070%-0.0118%$182.29M$4.44B
2ETH0.0096%0.0100%-0.0004%$114.30M$2.26B
3SOL0.0032%0.0049%-0.0017%$13.89M$385.73M
4XRP0.0096%0.0095%0.0001%$2.07M$331.22M
5ZEC0.0096%0.0100%-0.0004%$19.22M$182.57M
6HYPE-0.0016%0.0016%-0.0032%$13.22M$127.74M
7TAO0.0096%0.0100%-0.0004%$1.10M$127.66M
8DOGE0.0096%0.0100%-0.0004%$618K$117.82M
9NEAR0.0096%0.0100%-0.0004%$22.06M$87.33M
10SUI0.0096%0.0055%0.0041%$1.10M$98.77M
11PEPE0.0096%0.0100%-0.0004%$1.13M$95.79M
12LTC0.0096%0.0074%0.0022%$1.33M$82.26M
13BNB0.0096%0.0000%0.0096%$3.09M$79.22M
14LIT0.0096%0.0100%-0.0004%$49.18M$9.44M
15ONDO0.0096%0.0100%-0.0004%$1.19M$54.56M
16UNI0.0096%0.0030%0.0066%$3.68M$51.08M
17WLD0.0096%0.0044%0.0052%$6.19M$47.41M
18LINK0.0048%-0.0035%0.0083%$2.32M$50.53M
19AVAX0.0096%0.0100%-0.0004%$1.33M$51.26M
20HBAR0.0096%0.0100%-0.0004%$722K$49.51M

Coverage. Lighter: Every liquidation on crypto perps (liquidation fills on the public trade stream); OI, volume and funding polled every 60s; added 2026-09-28. MEXC: USDT perps: open interest and funding polled over REST every 60s; MEXC publishes no liquidation feed.

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 Lighter minus MEXC.

Lighter vs MEXC FAQ

Which has more open interest, Lighter or MEXC?

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 Lighter or MEXC?

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 Lighter and MEXC 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.