Rakebk / Exchanges / BloFin vs Lighter
BloFin vs Lighter: which costs less after the rebate?
It depends on your monthly volume:
Under $200M: Lighter is cheaper · $252 vs $360 at $1M
From $200M up: BloFin is cheaper · $105,000 vs $126,000 at $500M
Cheaper from $200M up
BloFin No KYC
40% back · fee 0.06%
$360
net cost at $1M / month
VS
Cheaper under $200M
Lighter DEX No KYC
10% back · fee 0.028%
$252
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
BloFin code · 40% back
rakebk40
Lighter code · 10% back
763613SX
Cheaper from $200M upBloFin
BloFinsaves $21,000 a month at $500M
Cheaper under $200MLighter
Lightersaves $108 a month at $1M
Fee after rebate at $1MBloFin0.0360%Lighter0.0252%
BloFin0.0360%Lighter0.0252%Saving at $1M
$108
a month on Lighter · $1,296 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.
BloFinLighterWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
BloFin netLighter netDifference
$100K
$36
$25
Lighter saves $11
$1M
$360
$252
Lighter saves $108
$10M
$3,000
$2,520
Lighter saves $480
$50M
$12,750
$12,600
Lighter saves $150
$500M
$105,000
$126,000
BloFin saves $21,000
Which one is for you
Choose BloFin if
- You trade $200M a month or more: it costs you less after the rebate
Choose Lighter if
- You trade under $200M a month: it costs you less after the rebate
- You want the lower fee from your very first trade: 0.028% vs 0.06%
Side by side
BloFinLighterRebate
40%
10%
Entry taker fee
0.06%
0.028%
Fee after rebate
0.0360%
0.0252%
Net cost at $1M
$360
$252
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Weekly, every Monday, in USDC
Code
rakebk40
763613SX
KYC (ID verification)
Not required
Not required
BloFin
- BloFin sets one tier for every market, on the best of 30 day futures volume, 30 day spot volume or total assets, so you can sit higher than the volume alone suggests.
- If you do not trade by API, VIP 4 and VIP 5 come earlier than the thresholds shown.
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.
BloFin · Derivatives
Tier
30-day volume
Maker
Taker
Regular
$0
0.02%
0.06%
VIP 1
$10,000,000
0.006%
0.05%
VIP 2
$25,000,000
0.004%
0.045%
VIP 3
$50,000,000
0.002%
0.0425%
VIP 4
$200,000,000
0.001%
0.04%
VIP 5
$500,000,000
0%
0.035%
Lighter · Derivatives
Tier
30-day volume
Maker
Taker
Premium
$0
0.004%
0.028%
Questions
Which is cheaper, BloFin or Lighter?
It depends on your monthly volume:
- Under $200M: Lighter is cheaper · $252 vs $360 at $1M
- From $200M up: BloFin is cheaper · $105,000 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.
- BloFin: 40% back on a 0.06% fee → you pay 0.0360%
- 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
BloFin code and fees40% back · full fee ladder · what it is worth
Lighter code and fees10% back · full fee ladder · what it is worth
