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Lighter vs Hibachi: which perp DEX is better?

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

LighterHibachi
24h volume$1.00B$24M
Maker fee0 bps0 bps
Taker fee2 bps4.5 bps
Max leverage50xn/a
ModelOrderbookOrderbook
Chainzk rollup (Ethereum L2)Base (Celestia DA, ZK)
Token$LITNo token
AssetsCryptoCrypto

Lighter vs Hibachi: 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 Hibachi runs a orderbook on Base (Celestia DA, ZK). Read the full profiles: Lighter and Hibachi.

FAQ

Is Lighter or Hibachi cheaper?
Lighter has the lower taker fee (2 bps vs 4.5 bps). Funding rates also affect total cost, so check both before trading.
Which has higher leverage, Lighter or Hibachi?
Lighter offers more, up to 50x, versus n/a. Higher leverage means higher liquidation risk.
Which is bigger, Lighter or Hibachi?
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.