Two readings, side by side
Lighter vs Ondo Perps
Not a scoring table. Two dated readings of the venues' own restriction pages, the countries where their lists differ, and each programme's declared terms — quoted, never improved.
The readings behind this page
- Lighter — read on 2026-08-31 lighter.xyz #56f875b1 Full Lighter list
- Ondo Perps — read on 2026-09-01 ondoperps.xyz #e3bbfa9a Full Ondo Perps list
What each one charges
- Lighter — taker 0.000%, maker 0.000%, read 2026-09-03 Standard account docs.lighter.xyz
- Ondo Perps — taker 0.025%, maker 0.01%, read 2026-09-28 promotional docs.ondoperps.xyz
The gap between venues is usually larger than any referral discount: count that first.
Named by Lighter, not by Ondo Perps
- CN China
- GB United Kingdom (UK)
- SY Syria
Named by Ondo Perps, not by Lighter
- AF Afghanistan
- LY Libya
- PA Panama
- SO Somalia
- SS South Sudan
Named by both
- BY Belarus
- CA Canada
- CU Cuba
- IR Iran
- KP North Korea
- MM Myanmar
- RU Russia
- SD Sudan
- UA Ukraine
- US United States
- VE Venezuela
If the edge can place your connection, your country's code is marked in the lists above.
What each programme declares
Lighter
N33BQEX6ZYVM Lighter's Standard account charges 0.000% maker and 0.000% taker, read on their own docs 3 Sep 2026 — there is no fee left for a discount to cut. What the link adds is your first week of Premium fees rebated, to your first $10M of volume. We receive 10% of referred users' fees (Bronze tier; higher tiers exist). The restricted-country list is still Lighter's; payment does not rewrite it.
Ondo Perps
1WRHAB You get 5% off Ondo Perps' fees as the programme declares — their fees page and terms do not name the exact 5% or 10% cuts, so those stay unverified here. The perpetual promotional schedule is 0.01% maker and 0.025% taker (50% off base 0.02%/0.05%), read on their own docs 28 Sep 2026; volume tiers may cut further. We earn 10% of referral trading fees as declared by the programme. Restricted Persons are still theirs; payment does not rewrite the list.
Questions
Which can I use from my country — Lighter or Ondo Perps?
The venues decide that, at KYC. What we publish is a different thing: whose list names which countries — yours marked when the connection can be placed — and the click is checked at the edge either way.
Do Lighter and Ondo Perps pay the same referral reward?
Each declares its own programme; both are quoted above verbatim and checked monthly. We add nothing to either.
Why do the two lists differ?
Different legal exposure, different regulators, different lawyers. We do not guess at reasons — we date what each page says and record every later change in the ledger.