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GMX v2 vs Lighter

Side-by-side comparison of two perpetual futures exchanges — updated in real time.

Metric

Chain

Arbitrum

Ethereum L2

Type

Oracle

Orderbook

24h Volume

$202M

$1.77B

Open Interest

$69.4M

$804M

Maker Fee

0.040%

0.00%

Taker Fee

0.060%

0.00%

Max Leverage

100×

20×

Markets

113

153

Collateral

USDC, USDT, ETH, BTC

USDC

Funding Interval

1h

1h

Airdrop Status

$GMX

$LIT

GMX v2 — Pros & Cons

Pros

Battle-tested protocol
Deep Arbitrum ecosystem
Isolated market pools reduce risk

Cons

Oracle dependency
Higher fees than orderbook DEXs
Complex LP mechanics

Lighter — Pros & Cons

Pros

Zero gas fees
Fully on-chain orderbook
Fast settlement

Cons

Fewer markets than competitors
Newer ecosystem
Limited collateral options

Trade on GMX v2 →Trade on Lighter →

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