{
  "slug": "lighter",
  "checkedAt": "2026-10-06",
  "observations": [
    {
      "claim": "Standard, Plus and Premium have distinct rates and configured order timing.",
      "source": "https://apidocs.lighter.xyz/docs/account-types",
      "evidenceType": "official documentation",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-types.txt",
      "sha256": "5eb8c3d0ca840c7c63ac507149575be5f194fe2ec3c390a943f4d87c539dd14b",
      "details": {
        "Standard": [
          0,
          0
        ],
        "Plus": [
          0.005,
          0.005
        ],
        "Premium": [
          0.004,
          0.028
        ],
        "percentUnits": true
      }
    },
    {
      "claim": "Standard TWAP has a one-basis-point fee; perpRFQ has its own documented points fee.",
      "source": "https://apidocs.lighter.xyz/docs/account-types",
      "evidenceType": "official documentation",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-types.txt",
      "sha256": "5eb8c3d0ca840c7c63ac507149575be5f194fe2ec3c390a943f4d87c539dd14b",
      "details": {
        "twapFeePct": 0.01
      }
    },
    {
      "claim": "Active BTC and ETH minimum margin is 2%; SOL is 4%.",
      "source": "https://mainnet.zklighter.elliot.ai/api/v1/orderBookDetails",
      "evidenceType": "public mainnet market specification",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-markets.json",
      "sha256": "2e3bdf16a7b3448539100ed3854932daaca33128318c02da89fd62a4dab74dc0",
      "details": {
        "BTC": 50,
        "ETH": 50,
        "SOL": 25
      }
    },
    {
      "claim": "A reduce-only TWAP can continue after flat and affect reopened positions.",
      "source": "https://docs.lighter.xyz/trading/order-types-and-matching",
      "evidenceType": "official documentation",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-order-types-and-matching.txt",
      "sha256": "428e2329b2713efc7bf2694af2ce2979ecba89dbe14ba911e8df200b4f861573",
      "details": {}
    },
    {
      "claim": "ETH margin uses 70% opening LTV, 85% liquidation threshold and supply caps.",
      "source": "https://docs.lighter.xyz/trading/multi-asset-margin",
      "evidenceType": "official documentation",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-multi-asset-margin.txt",
      "sha256": "85748c131518868ccc872d6949224b241e4bf4a36d789f44a4e492e2b61160fb",
      "details": {
        "openingLtv": 0.7,
        "liquidationThreshold": 0.85
      }
    },
    {
      "claim": "Secure returns eligible assets to the owning L1 address; Fast is USDC-only to an Ethereum address.",
      "source": "https://apidocs.lighter.xyz/docs/deposits-transfers-and-withdrawals",
      "evidenceType": "official documentation",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-transfers.txt",
      "sha256": "c9a55293986f385439fb8002933bd2bb16b6dfe78e4b91dc26d1ec545bc7f193",
      "details": {
        "secureMinimumUsd": 1,
        "fastMinimumUsdc": 4
      }
    },
    {
      "claim": "Terms explicitly exclude US, Canada and UK among other listed jurisdictions.",
      "source": "https://lighter.xyz/terms",
      "evidenceType": "official terms",
      "checkedAt": "2026-10-06",
      "archiveFile": "lighter-terms.txt",
      "sha256": "81546483fa0e8654ec40fadf15d37434e1fc323a0cb217902689b753d4b9b345",
      "details": {}
    }
  ],
  "officialSources": [
    {
      "title": "Lighter: Trading Fees",
      "url": "https://docs.lighter.xyz/trading/trading-fees"
    },
    {
      "title": "Lighter: Types",
      "url": "https://apidocs.lighter.xyz/docs/account-types"
    },
    {
      "title": "Lighter: Order Types And Matching",
      "url": "https://docs.lighter.xyz/trading/order-types-and-matching"
    },
    {
      "title": "Lighter: Perprfq",
      "url": "https://docs.lighter.xyz/trading/perprfq"
    },
    {
      "title": "Lighter: Transfers",
      "url": "https://apidocs.lighter.xyz/docs/deposits-transfers-and-withdrawals"
    },
    {
      "title": "Lighter: Multi Asset Margin",
      "url": "https://docs.lighter.xyz/trading/multi-asset-margin"
    },
    {
      "title": "Lighter: Collateral Supply Limits",
      "url": "https://docs.lighter.xyz/trading/multi-asset-margin/collateral-supply-limits"
    },
    {
      "title": "Lighter: Unified Trading Accounts",
      "url": "https://docs.lighter.xyz/trading/unified-trading-accounts"
    },
    {
      "title": "Lighter: Funding",
      "url": "https://docs.lighter.xyz/trading/funding"
    },
    {
      "title": "Lighter: Pnl And Total Account Value",
      "url": "https://docs.lighter.xyz/trading/pnl-and-total-account-value"
    },
    {
      "title": "Lighter: Fair Price Marking",
      "url": "https://docs.lighter.xyz/trading/fair-price-marking"
    },
    {
      "title": "Lighter: Liquidations And Llp Insurance Fund",
      "url": "https://docs.lighter.xyz/trading/liquidations-and-llp-insurance-fund"
    },
    {
      "title": "Lighter: Quota",
      "url": "https://apidocs.lighter.xyz/docs/volume-quota-program"
    },
    {
      "title": "Lighter: Security Audits",
      "url": "https://docs.lighter.xyz/security/security-audits"
    },
    {
      "title": "Lighter: Current Terms of Service",
      "url": "https://lighter.xyz/terms"
    }
  ],
  "limitations": [
    "No funded account, identity verification, order execution or withdrawal test.",
    "Public prices and order depth are dated observations, not execution guarantees.",
    "Account-specific or promotional fees require the applicable live quote."
  ]
}