Lighter Price (LIT)

Lighter offers perpetual contracts through an order book. Traders can place orders at a chosen price or trade against available orders. The order book shows quotations at different prices, so the best displayed price may cover only part of a large trade.

Lighter’s rollup uses proofs to check that operations such as matching orders and liquidating positions follow its rules. A position still requires sufficient collateral, and funding payments can change its cost while it remains open.

LIT is the protocol token. Its market price is separate from the perpetual markets traded on Lighter. When comparing trading venues, review whether funding is paid or received and how each venue calculates liquidation.