LighterData

Lighter Market Intelligence

Stats

Data Definitions

How each metric is measured, sourced, and interpreted.

Active Markets

Markets currently marked active by Lighter.

Window
Current
Source
Lighter market details
Freshness
Within 3 minutes

Rank

Position among active markets by rolling 24-hour trading volume.

Window
Rolling 24 hours
Source
LighterData calculation
Calculation
Active markets ordered by 24h volume, highest first
Freshness
Within 3 minutes

OI Rank

Position among active markets by current open interest.

Window
Current
Source
LighterData calculation
Calculation
Active markets ordered by open interest, highest first
Freshness
Within 3 minutes

Trades Rank

Position among active markets by rolling 24-hour trade count.

Window
Rolling 24 hours
Source
LighterData calculation
Calculation
Active markets ordered by 24h trades, highest first
Freshness
Within 3 minutes

Market

The market symbol and quote pair listed by Lighter.

Window
Current
Source
Lighter market details
Freshness
Within 1 days

Price

The current mark price used to value open positions.

Window
Current
Source
Lighter market details
Freshness
Within 3 minutes

Index Price

Reference price used by Lighter to anchor pricing and risk calculations.

Window
Current
Source
Lighter market details
Freshness
Within 3 minutes

24h Change

Price change reported by Lighter over the latest rolling 24 hours.

Window
Rolling 24 hours
Source
Lighter market details
Freshness
Within 3 minutes

24h Volume

Total traded quote value over the latest rolling 24 hours.

Window
Rolling 24 hours
Source
Lighter market details
Freshness
Within 3 minutes

24h Trades

Number of trades reported over the latest rolling 24 hours.

Window
Rolling 24 hours
Source
Lighter market details
Freshness
Within 3 minutes

Open Interest

Current notional value of open long and short positions.

Window
Current
Source
LighterData calculation
Calculation
Open contracts × mark price × 2 sides
Freshness
Within 3 minutes

Funding Rate

Hourly payment rate exchanged between long and short position holders.

Window
Current hourly rate
Source
Lighter funding rates
Freshness
Within 3 minutes

Annualized Funding

Annualized

The current hourly funding rate extended across a full year. It is not a realized return.

Window
Annualized current run rate
Source
LighterData calculation
Calculation
Hourly funding rate × 24 × 365
Freshness
Within 3 minutes

Market History

Open, high, low, and close mark prices grouped into the selected interval.

Window
Selected chart range
Source
LighterData calculation
Calculation
First, maximum, minimum, and final observed price per interval
Freshness
Within 3 minutes

Trend

Mark-price direction sampled across the latest rolling 24 hours.

Window
Rolling 24 hours, 30-minute intervals
Source
LighterData calculation
Freshness
Within 3 minutes

Side

Direction of the trade aggressor: Buy lifted an ask; Sell hit a bid.

Window
At execution
Source
Lighter market details
Freshness
Historical record

Amount

Base-asset quantity exchanged in the trade.

Window
At execution
Source
Lighter market details
Freshness
Historical record

Execution Price

Price at which the trade was executed.

Window
At execution
Source
Lighter market details
Freshness
Historical record

Value

Quote-currency value exchanged in the trade.

Window
At execution
Source
LighterData calculation
Calculation
Execution price × trade amount
Freshness
Historical record

Time

Time at which Lighter recorded the trade.

Window
At execution
Source
Lighter market details
Freshness
Historical record

Open Interest

Current notional value of open positions across active markets.

Window
Current
Source
LighterData calculation
Calculation
Sum of market open interest notional
Freshness
Within 3 minutes

24h Volume

Trading value across active markets over the latest rolling 24 hours.

Window
Rolling 24 hours
Source
Lighter market details
Freshness
Within 3 minutes

TVL

Value of assets deposited in the Lighter protocol.

Window
Current
Source
DefiLlama
Freshness
Within 1 days

24h Total Fees

Fees attributed to Lighter by DefiLlama over the latest rolling 24 hours.

Window
Rolling 24 hours
Source
DefiLlama
Freshness
Within 6 hours

Daily Fees

Fees collected during one completed UTC calendar day.

Window
UTC calendar day
Source
Lighter exchange metrics
Calculation
Maker fees + taker fees + liquidation fees + transfer fees + withdrawal fees
Freshness
Within 2 hours

Buybacks

USDC spent repurchasing LIT during a completed UTC day.

Window
Completed UTC day unless otherwise stated
Source
Lighter exchange metrics
Freshness
Within 2 hours

LIT Bought

Number of LIT tokens repurchased during a completed UTC day.

Window
Completed UTC day unless otherwise stated
Source
Lighter exchange metrics
Freshness
Within 2 hours

Average Buyback Price

Average price paid for LIT repurchased during the reported UTC day.

Window
UTC calendar day
Source
LighterData calculation
Calculation
Daily buyback USDC divided by daily LIT repurchased
Freshness
Within 2 hours

Indexed LIT Bought

Partial history

Running total of LIT repurchased across the official history indexed by LighterData.

Window
Indexed completed UTC-day history
Source
LighterData calculation
Calculation
Sum of official daily LIT buyback amounts through the shown date
Freshness
Within 2 hours

Active Accounts

Accounts that traded during the reported UTC day.

Window
UTC calendar day
Source
Lighter exchange metrics
Freshness
Within 2 hours

Account Value

Current value reported for the resolved Lighter accounts.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Collateral

Collateral currently assigned to the resolved accounts.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Available Balance

Balance currently available to support orders and positions.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Unrealized PnL

Current profit or loss on positions that remain open.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Total PnL

Completed-trade profit or loss plus current profit or loss on open positions.

Window
Complete account history plus current positions
Source
LighterData calculation
Calculation
Realized PnL + unrealized PnL
Freshness
Within 15 minutes

Size

Current quantity held in the open position.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Open Positions

Number of positions currently open across the resolved accounts.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Open Orders

Number of active orders currently reported for the resolved accounts.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Entry Price

Average execution price of the quantity currently held.

Window
Current position
Source
Lighter account
Freshness
Within 3 minutes

Balance

Current quantity of the asset held across the resolved accounts.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Value

Current notional value of the open position.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Liquidation Price

Estimated market price at which the position may be forcibly closed.

Window
Current
Source
Lighter account
Freshness
Within 3 minutes

Trade Volume

Total traded notional value across the complete account history.

Window
Complete account trade history
Source
LighterData calculation
Calculation
Sum of trade price × trade quantity
Freshness
Within 15 minutes

Realized PnL

Profit or loss reconstructed from the wallet's completed trade history.

Window
Complete account trade history
Source
LighterData calculation
Calculation
Closed quantity × difference between exit and average entry price
Freshness
Within 15 minutes

Recent Activity

Partial history

Trades observed by LighterData for the resolved accounts.

Window
Available observed history
Source
LighterData index
Freshness
Within 15 minutes

Estimated Fees Saved

Estimated

Illustrative fee savings compared with the stated benchmark, not an amount reported by Lighter.

Window
Complete account trade history
Source
LighterData calculation
Calculation
Synced trading volume × 3.5 basis points
Freshness
Within 15 minutes

LIT Price

Latest observed market price for LIT.

Window
Current
Source
CoinGecko
Freshness
Within 6 hours

Market Cap

LIT price multiplied by circulating supply.

Window
Current
Source
LighterData calculation
Calculation
Token price × circulating supply
Freshness
Within 1 days

Fully Diluted Value

LIT price multiplied by maximum token supply when available, otherwise total supply.

Window
Current
Source
LighterData calculation
Calculation
Token price × maximum supply, or total supply when no maximum is published
Freshness
Within 1 days

Annualized Revenue

Annualized

Recent protocol revenue extended to a one-year run rate.

Window
Annualized recent run rate
Source
LighterData calculation
Calculation
Recent average daily revenue × 365
Freshness
Within 1 days

Adjusted Market Cap

Token price multiplied by the supply included in the selected valuation model.

Window
Current
Source
LighterData calculation
Calculation
Token price × adjusted supply
Freshness
Within 1 days

P/Rev

Annualized

Adjusted market capitalization divided by annualized protocol revenue.

Window
Current valuation using annualized revenue
Source
LighterData calculation
Calculation
Adjusted market cap ÷ annualized revenue
Freshness
Within 1 days

P/E on Market Cap

Annualized

Current market capitalization divided by annualized protocol revenue.

Window
Current valuation using annualized revenue
Source
LighterData calculation
Calculation
Market cap ÷ annualized revenue
Freshness
Within 1 days

P/E on FDV

Annualized

Fully diluted value divided by annualized protocol revenue.

Window
Current valuation using annualized revenue
Source
LighterData calculation
Calculation
Fully diluted value ÷ annualized revenue
Freshness
Within 1 days

Buyback Yield

Annualized

Annualized buybacks as a share of the selected token valuation.

Window
Annualized recent run rate
Source
LighterData calculation
Calculation
Annualized buyback value ÷ token valuation
Freshness
Within 1 days

Annualized Buybacks

Annualized

Recent average daily token buyback value extended to a one-year run rate.

Window
Annualized 7-day run rate
Source
LighterData calculation
Calculation
Average daily buybacks over the latest 7 complete UTC days × 365
Freshness
Within 1 days

Supply-Weighted P/E

Annualized

Value of the modeled liquid token supply divided by annualized buybacks.

Window
Current valuation using annualized buybacks
Source
LighterData calculation
Calculation
Modeled liquid supply × token price ÷ annualized buybacks
Freshness
Within 1 days