Lighter
AzkLighter / Robinhood Chain · Season 2 · $25M Robinhood Campaign
Season 2 live: $25M in $LIT rewards on Robinhood Chain with 2x multiplier
Strong farm. Worth a permanent allocation of weekly volume.
Lighter vs Variational
Compare Lighter vs Variational: taker fees, farm score, 24h volume, open interest, funding APR, and airdrop program window side by side.
Head-to-head
Perpetual DEX feature & fee matrix
Compare maker/taker fee tiers, reward pools, and score breakdowns between any two perp exchanges. Check live arbitrage spreads in the Funding Matrix, or review our tier scoring weights in the Scoring Methodology.
Variational
CArbitrum · Omni Points
RFQ perp DEX with ~50% of supply committed to the community
Program is 90% elapsed — most of the point supply is already allocated, so treat this as a late entry rather than a farm.
Green highlights the better side for airdrop farming. Volume and Vol ÷ OI are shown as raw market data without a winner — a higher dollar volume is not “better”, it usually means a more crowded reward pool.
88
Farm score
51
$926.7M
Volume 24h
Absolute market size — not ranked; higher = more farmers competing
$603.0Magg.
$1.14B
Open interest
$1.53B
+20.5%
OI Δ7d
+9.3%
0.8×
Vol ÷ OI
24h volume ÷ open interest. ~1–3× = positioning; 8×+ often churn
0.4×
+0.6%
Funding APR
—
0%/0%
M / T
0%/0%
5%
Program window
90%
$250.0M
Reward pool est.
$700.0M
$0
Fee / $100k RT
$0
25%
Allocation
50%
Higher farm score right now: Lighter (88/100).
FAQ
Compare questions
Which column matters most?+
Farm score already packs the trade-offs into one number. Use the row-by-row view when two scores are close and you want to see whether the edge is reward density, a quieter book, cheaper fees or an earlier program window.
What does Vol ÷ OI (turnover) mean?+
Daily volume divided by open interest. Real positioning typically turns over about 1–3× per day. When turnover is 8× or higher, the same open interest is being churned many times — a sign of incentive-driven volume competing with you for the pool, not that one venue is “bigger” than another.
Why is a $2B venue not automatically better than a $700M one?+
Volume is how much notional traded in 24 hours, not how good the airdrop is. A larger number means more farmers are already splitting the same reward pool. Farm score already penalises crowding — the volume row is there so you can see the raw competition, not to crown a winner.