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Perpmate vs Lighter
Which platform is better for trading stock perps? Here's how Perpmate and Lighter stack up on fees, leverage, selection and 24/7 access.
Perpmate
Popular5.0
The fastest way to trade stock perps — any stock, 24/7, low fees.
Low, transparent trading fees
Trade US stock perps 24/7, including weekends
Up to 50x leverage (incl. forex pairs)
No KYC — connect a wallet and trade instantly
Widest selection of stock perps
Newer platform building out its track record
Lighter
4.4
ZK-powered perpetuals with zero fees for retail.
Zero fees for retail traders
ZK-proven order book on Ethereum
Clean, fast trading UI
Smaller stock-perp selection
Lower leverage than some rivals
Feature-by-feature comparison
| Feature | Perpmate | Lighter |
|---|---|---|
| Fees | Low maker/taker fees | Zero fees for retail |
| Max leverage | Up to 50x | Up to 20x |
| Selection | US stocks, forex, indices, ETFs & more | Crypto + select stock perps |
| Chain / venue | On-chain | ZK rollup (Ethereum) |
| Best for | Traders who want everything in one place | Fee-sensitive retail traders |
| US Stock Perps | ||
| Zero Fees | ||
| High Leverage (50x+) | ||
| 24/7 Trading | ||
| No KYC | ||
| Rating | 5.0 | 4.4 |
The verdict
Perpmate edges out Lighter for most stock-perp traders thanks to its feature set and traders who want everything in one place. Choose Lighter if you specifically need fee-sensitive retail traders.