Rakebk / Exchanges / Lighter vs OKX
Lighter vs OKX: which costs less after the rebate?
It depends on your monthly volume:
Under $50M: Lighter is cheaper · $252 vs $450 at $1M- $50M to $200M: about the same on both (under 1% apart)
From $200M up: OKX is cheaper · $121,500 vs $126,000 at $500M
Cheaper under $50M
Lighter DEX No KYC
10% back · fee 0.028%
$252
net cost at $1M / month
VS
Cheaper from $200M up
OKX
10% back · fee 0.05%
$450
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
Lighter code · 10% back
763613SX
OKX code · 10% back
RAKEBK10
Cheaper under $50MLighter
Lightersaves $198 a month at $1M
Cheaper from $200M upOKX
OKXsaves $4,500 a month at $500M
Fee after rebate at $1MLighter0.0252%OKX0.0450%
Lighter0.0252%OKX0.0450%Saving at $1M
$198
a month on Lighter · $2,376 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.
LighterOKXWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
Lighter netOKX netDifference
$100K
$25
$45
Lighter saves $20
$1M
$252
$450
Lighter saves $198
$10M
$2,520
$3,240
Lighter saves $720
$50M
$12,600
$12,600
Same
$500M
$126,000
$121,500
OKX saves $4,500
Which one is for you
Choose Lighter if
- You trade under $50M 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)
Choose OKX if
- You trade $200M a month or more: it costs you less after the rebate
Side by side
LighterOKXRebate
10%
10%
Entry taker fee
0.028%
0.05%
Fee after rebate
0.0252%
0.0450%
Net cost at $1M
$252
$450
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Weekly, every Monday, in USDC
Auto, usually 24h
Code
763613SX
RAKEBK10
KYC (ID verification)
Not required
Required
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.
OKX
- OKX grants the same tier on total assets as well as on 30 day futures volume, so a $100K balance alone reaches VIP 1.
- From VIP 7 up, the 10 most traded pairs are priced lower than the rest; the ladder above shows those top 10 pairs.
The two fee ladders
The evidence behind every figure above, as each exchange publishes it.
Lighter · Derivatives
Tier
30-day volume
Maker
Taker
Premium
$0
0.004%
0.028%
OKX · Derivatives
Tier
30-day volume
Maker
Taker
Regular
$0
0.02%
0.05%
VIP 1
$5,000,000
0.016%
0.045%
VIP 2
$10,000,000
0.015%
0.036%
VIP 3
$50,000,000
0.01%
0.028%
VIP 4
$200,000,000
0.008%
0.027%
VIP 5
$600,000,000
0.005%
0.026%
VIP 6
$1,000,000,000
0%
0.025%
VIP 7
$1,500,000,000
-0.002%
0.02%
VIP 8
$2,000,000,000
-0.005%
0.02%
VIP 9
$20,000,000,000
-0.005%
0.015%
Questions
Which is cheaper, Lighter or OKX?
It depends on your monthly volume:
- Under $50M: Lighter is cheaper · $252 vs $450 at $1M
- $50M to $200M: about the same on both (under 1% apart)
- From $200M up: OKX is cheaper · $121,500 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.
- Lighter: 10% back on a 0.028% fee → you pay 0.0252%
- OKX: 10% back on a 0.05% fee → you pay 0.0450%
- 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
OKX code and fees10% back · full fee ladder · what it is worth
Lighter code and fees10% back · full fee ladder · what it is worth
