Lighter (LIT) Perpetual Futures

The open-interest-weighted LIT funding rate is +0.0036% per 8 hours, or +3.92% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0221% on Bybit to +0.0100% on Hyperliquid. Compare all funding rates.

LIT perpetual open interest is $338.37M (115.22M LIT), up 0.49% in 24 hours. ApeX holds the most at $18.4K. That is 46.21% of Lighter's market cap.

Lighter is a decentralised exchange for perpetual futures built on Ethereum as a zero-knowledge rollup. Its order book matching and liquidations are designed to be verifiable with cryptographic proofs. LIT is the token of the Lighter ecosystem, and its value is closely linked to the exchange's growth.

Lighter perps traded $122.74M in the last 24 hours, +10.12% on the day before. Binance leads with 33%, followed by OKX ($23.10M) and Hyperliquid ($20.10M).

Over the last 24 hours 46.7% of accounts are long and 53.3% short, a long/short ratio of 0.88. See the long/short ratio by exchange.

LIT's value rests on the success of the Lighter exchange, so growth in volume, open interest and users tends to support interest in the token. Traders also compare Lighter with rivals such as Hyperliquid and Aster on volume and fees. Losing market share to those venues is the main risk they watch.

Yes. LIT perps trade on Hyperliquid as well as on centralised venues such as Binance, OKX and Bybit. Hyperliquid is a direct competitor to Lighter, so a large part of LIT positioning sits on a rival exchange. The Hyperliquid page covers that venue.

$138.5K of LIT positions were liquidated in 24 hours, $121.4K longs and $17.1K shorts. OKX saw the most at $61.4K. See liquidations across the market.

All three are tokens of decentralised perp exchanges, so they often move together on sector news. HYPE belongs to Hyperliquid, which runs its own layer 1 chain, while ASTER belongs to Aster, which launched on BNB Chain. Lighter differs by running as a zero-knowledge rollup on Ethereum.

LIT perpetual futures are derivatives contracts that track the price of LIT and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any LIT.

Funding is a payment between longs and shorts. When LIT perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

LIT perps trade on 11 tracked exchanges. By volume the largest are Binance, OKX and Hyperliquid. Compare fees and features on the best perpetual exchanges or the top decentralized perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.