Hey @vnovakovski , I’ve traded $3B+ on Lighter since June, and wanted to flag an execution issue that has significantly deteriorated over the past few weeks.
First, credit where it’s due: Lighter is a genuinely great product with a strong long-term vision. Zero fees, clean UX, and a model that scales. Funny enough, I’ve never traded on Hyperliquid but I've traded $3B+ on Lighter.
TL;DR: Average latency looks fine, but during volatile markets execution reliability breaks down. P90/P95 blow out to seconds, sometimes even up to 10 seconds, making execution unpredictable when speed matters most.
According to the documentation, there's a 300ms latency for market order from a standard account. That’s roughly true in calm markets.
However, using my 10,000+ ETH trades from the past week, the picture changes materially once the market becomes volatile — exactly when latency matters most:
• Median latency (P50) stays around ~325ms
• But tail latency degrades non-linearly
• P90 and P95 jump into seconds during high short-term volatility
Data and insights in 🧵👇
Update:
- Claude mostly sitting on cash ($8.3K right now)
- DeepSeek long alts, short BTC
- GPT5 almost max short
- Gemini even shorter
- Grok4 almost max long, short XRP
- Qwen, well, Qwen only goes long BTC