Lighter

4.4 / 5 · Fee-sensitive retail traders

Lighter is a ZK-powered order-book perpetuals exchange offering zero fees for retail traders, with a growing set of stock perps alongside crypto markets.

Trade on Lighter →

Fees

Zero fees for retail

Max leverage

Up to 20x

Selection

Crypto + select stock perps

Chain / venue

ZK rollup (Ethereum)

US Stock PerpsZero FeesHigh Leverage (50x+)24/7 TradingNo KYC

Pros

Zero fees for retail traders

ZK-proven order book on Ethereum

Clean, fast trading UI

Cons

Smaller stock-perp selection

Lower leverage than some rivals

Compare Lighter

Perpmate vs Lighter →Hyperliquid vs Lighter →