Rakebk / Exchanges / BingX vs Lighter
BingX vs Lighter: which costs less after the rebate?
It depends on your monthly volume:
Under $10M: Lighter is cheaper · $252 vs $300 at $1M
From $10M up: BingX is cheaper · $18,900 vs $25,200 at $100M
Cheaper from $10M up
BingX
40% back · fee 0.05%
$300
net cost at $1M / month
VS
Cheaper under $10M
Lighter DEX No KYC
10% back · fee 0.028%
$252
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
BingX code · 40% back
PTY3WGFW
Lighter code · 10% back
763613SX
Cheaper from $10M upBingX
BingXsaves $6,300 a month at $100M
Cheaper under $10MLighter
Lightersaves $48 a month at $1M
Fee after rebate at $1MBingX0.0300%Lighter0.0252%
BingX0.0300%Lighter0.0252%Saving at $1M
$48
a month on Lighter · $576 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.
BingXLighterWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
BingX netLighter netDifference
$100K
$30
$25
Lighter saves $5
$1M
$300
$252
Lighter saves $48
$10M
$2,400
$2,520
BingX saves $120
$50M
$10,500
$12,600
BingX saves $2,100
$500M
$75,000
$126,000
BingX saves $51,000
Which one is for you
Choose BingX if
- You trade $10M a month or more: it costs you less after the rebate
Choose Lighter if
- You trade under $10M a month: it costs you less after the rebate
- You want the lower fee from your very first trade: 0.028% vs 0.05%
- You want to trade without KYC (no ID verification)
Side by side
BingXLighterRebate
40%
10%
Entry taker fee
0.05%
0.028%
Fee after rebate
0.0300%
0.0252%
Net cost at $1M
$300
$252
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Weekly, every Monday, in USDC
Code
PTY3WGFW
763613SX
KYC (ID verification)
Required
Not required
BingX
- BingX sets one tier for every market, on the best of 30 day futures volume, 30 day spot volume or yesterday's assets, so you can sit higher than the volume alone suggests.
- Elite is a real tier between Regular and VIP 1.
- From VIP 4 up, API trading must stay under 20% of your volume.
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.
BingX · Derivatives
Tier
30-day volume
Maker
Taker
Regular
$0
0.02%
0.05%
Elite
$5,000,000
0.018%
0.045%
VIP 1
$10,000,000
0.014%
0.04%
VIP 2
$20,000,000
0.012%
0.0375%
VIP 3
$50,000,000
0.01%
0.035%
VIP 4
$100,000,000
0.008%
0.0315%
VIP 5
$200,000,000
0.006%
0.03%
Supreme VIP
$500,000,000
0%
0.025%
Lighter · Derivatives
Tier
30-day volume
Maker
Taker
Premium
$0
0.004%
0.028%
Questions
Which is cheaper, BingX or Lighter?
It depends on your monthly volume:
- Under $10M: Lighter is cheaper · $252 vs $300 at $1M
- From $10M up: BingX is cheaper · $18,900 vs $25,200 at $100M
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.
- BingX: 40% back on a 0.05% fee → you pay 0.0300%
- 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
BingX code and fees40% back · full fee ladder · what it is worth
Lighter code and fees10% back · full fee ladder · what it is worth
