Lighter Alternatives
18 perpetual DEX alternatives ranked — updated 2026-10-04
Offers higher 24h volume ($2.3B) versus Lighter.
50x leverage · 0.045% taker · No KYC
Rated 4.5/5. GRVT is a regulated, self-custodial hybrid exchange on ZKsync offering crypto and stock perpetuals with up to 50x leverage, negative maker fees, and optional KYC.
50x leverage · 0.045% taker · No KYC
Rated 4.5/5. Paradex is a hybrid DEX on a Starknet appchain offering private perpetual futures, options, and spot trading with zero retail fees and 50x leverage.
50x leverage · 0% taker · No KYC
Rated 4.2/5. Aevo is a non-custodial Layer 2 DEX offering perpetuals and options with up to 20x leverage, using an off-chain order book with on-chain settlement.
20x leverage · 0.08% taker · No KYC
Offers higher leverage up to 1001x and higher 24h volume ($668M) versus Lighter.
1001x leverage · 0.04% taker · No KYC
Offers higher leverage up to 100x versus Lighter.
100x leverage · 0.025% taker · No KYC
Rated 4/5. dYdX is a decentralized derivatives exchange on its own Cosmos appchain offering 73 perpetual markets with up to 50x leverage on BTC and ETH, plus Solana spot trading.
50x leverage · 0.05% taker · No KYC
Offers higher leverage up to 200x and higher 24h volume ($709M) versus Lighter.
200x leverage · 0.045% taker · No KYC
Rated 3.6/5. Arcus is a non-custodial DEX on Robinhood Chain offering stock and crypto perpetuals with 0% maker fees, 0.0225% taker fees, and up to 50x leverage.
50x leverage · 0.0225% taker · No KYC
Rated 3.6/5. Nado is a non-custodial order book DEX on Kraken's Ink L2 offering 77 perpetual markets, spot, and lending with unified margin and 0.035% taker fees.
50x leverage · 0.035% taker · No KYC
Rated 3.6/5. Pacifica is a non-custodial Solana perp DEX offering 77 perpetual markets with up to 50x leverage, a 0.04% taker fee, and USDC margin.
50x leverage · 0.04% taker · No KYC
Rated 3.5/5. StandX is a perpetual futures DEX on BNB Chain and Solana offering 40x leverage, 0.04% taker fees, and yield-bearing DUSD stablecoin margin.
40x leverage · 0.04% taker · No KYC
Rated 3/5. BULK is a non-custodial Solana perp DEX in invite-only mainnet offering a 0.035% taker fee, 0% maker fee, and 40x leverage with portfolio margin.
40x leverage · 0.035% taker · No KYC
Rated 2.5/5. Velocity, formerly Drift, is a Solana perpetuals DEX with USDT settlement and up to 20x leverage, reopened in September 2026 after an April 2026 exploit.
20x leverage · 0.06% taker · No KYCFrequently Asked Questions
What is the best alternative to Lighter?
The highest-rated alternative to Lighter is Hyperliquid (4.8/5), a DEX with up to 50x leverage and a 0.045% taker fee. Offers higher 24h volume ($2.3B) versus Lighter.
Why look for a Lighter alternative?
Traders compare Lighter alternatives for lower fees, higher leverage, different collateral or chains, KYC vs no-KYC access, or geo-restrictions. All 18 alternatives here are live perpetual DEXs, ranked on the same up-to-date data as our Lighter review.
Are these Lighter alternatives no-KYC?
Most are. 18 of the 18 alternatives let you trade by connecting a wallet with no identity verification. Check each card — hybrid exchanges may require KYC.