Extended vs Lighter
Same trade, two venues, full execution cost — fee, spread and slippage measured on live BTC order books, not copied from fee pages. Numbers refresh every minute.
Lighter is cheaper right now for a $100K BTC futures trade — $24.73 less per trade (0.58 bps vs 3.06 bps).
Who wins at your size?
Fees are flat; depth is not. The cheaper venue can flip as order size grows.
| Size | Extended | Lighter | Cheaper |
|---|---|---|---|
| $10K | $3.06 | $0.41 | Lighter |
| $100K | $30.57 | $5.84 | Lighter |
| $1M | $306.23 | $145.74 | Lighter |
| $10M | $16.7K | $7.3K | Lighter |
Trade on Extended
Direct link — the ranking above is pure measurement.
Trade on ExtendedEarn Extended PointsTrade on Lighter — cheaper right now
Direct link — the ranking above is pure measurement.
Trade on LighterReferral code applied