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Lighter vs Decibel: which perp DEX is better?

A side-by-side comparison of Lighter and Decibel on fees, leverage, volume, chain and token.

LighterDecibel
24h volume$1.00B$25M
Maker fee0 bpsn/a
Taker fee2 bpsn/a
Max leverage50x40x
ModelOrderbookOrderbook
Chainzk rollup (Ethereum L2)Aptos
Token$LITNo token
AssetsCryptoCrypto

Lighter vs Decibel: which should you choose?

If your priority is cost, Lighter wins on taker fees (2 bps). For maximum leverage, Lighter goes up to 50x. For depth and liquidity, Lighter trades the most volume of the two.

Lighter runs a orderbook on zk rollup (Ethereum L2), while Decibel runs a orderbook on Aptos. Read the full profiles: Lighter and Decibel.

FAQ

Is Lighter or Decibel cheaper?
Lighter has the lower taker fee (2 bps vs n/a). Funding rates also affect total cost, so check both before trading.
Which has higher leverage, Lighter or Decibel?
Lighter offers more, up to 50x, versus 40x. Higher leverage means higher liquidation risk.
Which is bigger, Lighter or Decibel?
Lighter has more listed 24h volume ($1.00B), which usually means deeper liquidity and less slippage.

More comparisons

Not financial advice. Volume figures are compiled from each venue's public data on our live rankings and may lag; fees, leverage and token status are curated and can change. Always verify on the exchange before trading. Perpetual futures are high risk and leverage can liquidate your position.