LighterHow it works
How a Market Maker Bot works on Lighter
A market maker bot rests buy and sell limit orders on both sides of the order book, a little below and above the market price. When both sides fill, it earns the gap between them. It adjusts its quotes as its position builds, making the orders that reduce exposure more competitive and scaling back the side that would add to it.
On Coinner you pick a strategy: Spread works back toward a flat position, while Directional leans long or short, either from market signals or in a direction you choose. You set order size, max position, minimum edge, spread and stop loss, and the bot quotes on Lighter in the cloud 24/7, widening its quotes when volatility rises and pausing if reference prices from other exchanges look stale.
Best for
When to use the Lighter Market Maker Bot
The Lighter market maker bot is best for liquid Lighter markets where you want to earn the spread with a hard cap on how much position the bot can hold. It runs in the cloud on Coinner, so it keeps working 24/7 without you leaving a machine on.
At a glance
Lighter key facts
Markets
What you can trade with the Lighter Market Maker Bot
Lighter lists over 200 perpetual markets. Crypto is the core set, and it also lists perps on US stocks, stock indexes, metals and oil, and major FX pairs. Coinner runs bots on Lighter's perpetual markets, not spot.
| Asset class | Examples | Notes |
|---|---|---|
| Crypto perps | BTC, ETH, SOL, HYPE | The core set; up to 50x on BTC and ETH |
| Stock perps | TSLA, NVDA, AAPL, META | Single US stocks |
| Index perps | US500, US100, SPY, QQQ | |
| Commodity perps | XAU, XAG, WTI, Brent oil | |
| FX perps | EURUSD, GBPUSD, USDJPY |
Getting started
Set up your Lighter Market Maker Bot
- Connect Lighter with one wallet signature, which registers a Coinner API key on your account
- Go to Market Maker Bots in your Coinner dashboard and select Create Bot
- Choose the Lighter market to quote on, starting with a liquid one
- Choose a strategy: Spread, Directional with signal, or Directional manual
- Set the order size and max position
- Set the minimum edge, spread and stop loss, then start the bot
More bots
Other bots for Lighter
FAQ
Frequently asked questions
Can I run a market maker bot on Lighter?
Yes. Coinner runs automated market maker bots on Lighter perpetual markets. Choose a market and strategy, set your order size and max position, and the bot quotes both sides of the book for you 24/7.
Why does the market maker run on Lighter but not every venue?
A market maker needs post-only orders, so its entries never pay taker fees by accident, and a dead man's switch that cancels its resting quotes if the bot's process stops. Lighter supports both. On Coinner today that means Arcus, Lighter, and Aster.
How much do I need to start a market maker bot on Lighter?
Your Lighter account needs more than $200 in it to create a market maker bot. Max position is your real risk limit, so set it to an amount you would be comfortable holding.
Is the Lighter market maker bot free to use?
Yes. Coinner bots are free to run, with no subscription, and Standard Lighter accounts pay no trading fees either.
Do my funds stay in my own Lighter account?
Yes. Coinner trades with an API key registered to your Lighter account. It places and cancels orders, any withdrawal it could request can only go back to your own wallet, and Coinner never requests one.
Ready to run a Market Maker Bot on Lighter?
Create a free account and launch your first bot in minutes.