Rakebk / Exchanges / Aster vs Lighter
Aster vs Lighter: which costs less after the rebate?
It depends on your monthly volume:
Under $214.3M: Lighter is cheaper · $252 vs $380 at $1M
From $214.3M up: Aster is cheaper · $109,250 vs $126,000 at $500M
Cheaper from $214.3M up
Aster DEX No KYC
5% back · fee 0.04%
$380
net cost at $1M / month
VS
Cheaper under $214.3M
Lighter DEX No KYC
10% back · fee 0.028%
$252
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
Aster code · 5% back
sWvM44
Lighter code · 10% back
763613SX
Cheaper from $214.3M upAster
Astersaves $16,750 a month at $500M
Cheaper under $214.3MLighter
Lightersaves $128 a month at $1M
Fee after rebate at $1MAster0.0380%Lighter0.0252%
Aster0.0380%Lighter0.0252%Saving at $1M
$128
a month on Lighter · $1,536 a year
What every $1M you trade costs, after the rebate
The more you trade, the cheaper each exchange's fee tier gets. Where the lines cross, the cheaper exchange changes. Hover to price any volume.
AsterLighterWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
Aster netLighter netDifference
$100K
$38
$25
Lighter saves $13
$1M
$380
$252
Lighter saves $128
$10M
$3,800
$2,520
Lighter saves $1,280
$50M
$16,625
$12,600
Lighter saves $4,025
$500M
$109,250
$126,000
Aster saves $16,750
Which one is for you
Choose Aster if
- You trade $214.3M a month or more: it costs you less after the rebate
Choose Lighter if
- You trade under $214.3M a month: it costs you less after the rebate
- You want the lower fee from your very first trade: 0.028% vs 0.04%
Side by side
AsterLighterRebate
5%
10%
Entry taker fee
0.04%
0.028%
Fee after rebate
0.0380%
0.0252%
Net cost at $1M
$380
$252
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Weekly, every Monday, in USDC
Code
sWvM44
763613SX
KYC (ID verification)
Not required
Not required
Aster
- Aster figures here assume you hold the $ASTER each fee tier requires (500 for VIP 2, up to 2.5M for VIP 6); without it you stay on VIP 1, 0.04%, at any volume.
- The amount per level is on the Aster page.
Lighter
- Lighter figures here are for its Premium account (0.028% taker, 0.004% maker), the only one that pays fees.
- Its default Standard account trades perps and spot at 0%, with nothing to get back.
- Staking LIT cuts the Premium fee by up to 30%, not modelled here.
The two fee ladders
The evidence behind every figure above, as each exchange publishes it.
Aster · Derivatives
Tier
30-day volume
Maker
Taker
VIP 1
$0
0
0%
0.04%
VIP 2
$10,714,286
500
0%
0.035%
VIP 3
$53,571,429
2,500
0%
0.033%
VIP 4
$214,285,714
25,000
0%
0.023%
VIP 5
$1,071,428,571
250,000
0%
0.02%
VIP 6
$2,142,857,143
2,500,000
0%
0.016%
Lighter · Derivatives
Tier
30-day volume
Maker
Taker
Premium
$0
0.004%
0.028%
Questions
Which is cheaper, Aster or Lighter?
It depends on your monthly volume:
- Under $214.3M: Lighter is cheaper · $252 vs $380 at $1M
- From $214.3M up: Aster is cheaper · $109,250 vs $126,000 at $500M
Why does the bigger rebate not always win?
A rebate is a share of the fee. A higher fee can hand back more dollars and still cost you more.
- Aster: 5% back on a 0.04% fee → you pay 0.0380%
- Lighter: 10% back on a 0.028% fee → you pay 0.0252%
- What you pay is the fee after the rebate, not the rebate %
Can I use both codes?
Yes.
- They are separate exchanges, so each account gets its own rebate
- Open each one through its own Rakebk link or code
- A code only works on a new account
How are these numbers worked out?
- Every order counted as a taker
- At the fee tier your monthly volume reaches on each exchange's published ladder
- Minus the rebate
- Both ladders are on this page, read from each exchange's own fee page
- Updated 26 Oct 2026
Go deeper
Lighter code and fees10% back · full fee ladder · what it is worth
Aster code and fees5% back · full fee ladder · what it is worth
