A water based concealer, meaning water is the first ingredient on the list, tends to feel lighter than the old stick formulas. Here are the liquid concealers I checked, the eye creams that prep the area, and the brushes and sponges that blend it all.
Water Based Concealer That Does Not Sit Heavy Under the Eyes

Concealer has a surprisingly short history. The first one sold to the public was Max Factor's Erace, launched in 1954 after the company developed it for film and television cameras, and it came as a thick stick. Nearly every concealer I reach for now is a liquid, and a water based concealer is one where water sits first on the ingredient list. I checked that for every concealer in the first grid, so I can say it plainly: water is listed first in each one. That is all it tells you. It does not promise oil free or anything else, so I only repeat what the product pages say.
Tower 28 Swipe All-Over Hydrating Serum Concealer in 12.5 PICO is my lead pick. It glides on like a serum, builds to medium coverage, and the brand says it is non-comedogenic and safe for sensitive skin. Kosas Revealer in Tone 3.6 C is creamy with a radiant finish. NARS Radiant Creamy Concealer in Madeleine is medium coverage with a natural glow, made to last up to 16 hours. Too Faced Born This Way Super Coverage in Porcelain is a full coverage four-in-one, and Haus Labs Triclone in 11 Light Neutral has fermented arnica and niacinamide. For more punch, HUDA BEAUTY FauxFilter in Brittle 6.5 Golden is waterproof and matte, Charlotte Tilbury Airbrush Flawless in 8 Medium-Tan is a full coverage natural matte, and DIOR Backstage in 5N has a little brush applicator.
A quick test: dot one on the inner corner of your eye, tap with a finger, and look in daylight after ten minutes. If it has settled into lines, use less.

Concealers with water listed first

Swipe All-Over Hydrating Serum Concealer with 18-HR Wear in 12.5 PICO
Tower 28 Beauty

Revealer Super Creamy + Brightening Concealer with Caffeine and Hyaluronic Acid in Tone 3.6 C
Kosas

Radiant Creamy Concealer with Hydrating Medium Coverage in Madeleine
NARS

Born This Way Super Coverage Multi-Use Concealer with Hyaluronic Acid in Porcelain
Too Faced

Triclone Skin Tech Hydrating + De-puffing Concealer with Fermented Arnica in 11 Light Neutral
Haus Labs

#FauxFilter Matte Buildable Coverage Waterproof Concealer in Brittle 6.5 Golden
HUDA BEAUTY

Airbrush Flawless Crease-Proof Long-Wear Blur Concealer with Hyaluronic Acid in 8 Medium-Tan
Charlotte Tilbury

Backstage Concealer in 5N
DIOR
Eye creams to put down first
Good concealer starts with what sits underneath it. A thirsty under eye area makes any formula look patchy, so I like to put a real eye cream down first and give it a few minutes. The INKEY List Caffeine De-puffing + Dark Circle Eye Cream is lightweight and made for puffiness and dark circles. OLEHENRIKSEN Banana Bright+ is a vitamin C eye cream that the brand says improves concealer application and wear, which is exactly the job here. Shiseido Benefiance Wrinkle Smoothing Eye Cream is the richer, more classic option. The INKEY List Bio-Active Ceramide eye cream leans toward firming and hydration, and Skinfix barrier+ Triple Lipid-Boost is fragrance free.
Serums with a rollerball are handy in the morning. innisfree makes two: the Vitamin C Niacinamide Brightening Eye Serum and the Green Tea Caffeine Eye Serum, both with a cooling metal ball. Beauty of Joseon Revive Eye Serum has ginseng and retinal, so I would keep it for nights.
Pairing tip: apply eye cream, wait about five minutes, then dab concealer with a brush.
What I would skip: a retinal eye serum right before makeup on a rushed morning. Beauty of Joseon Revive is better at bedtime, and a light caffeine roller is the faster fix when you are about to get dressed.
Eye creams and under eye prep

Caffeine De-puffing + Dark Circle Eye Cream
The INKEY List

Benefiance Wrinkle Smoothing Eye Cream
Shiseido

Vitamin C Niacinamide Brightening Eye Serum for Dark Circles
innisfree

Bio-Active Ceramide Lifting + Firming Eye Cream
The INKEY List

Banana Bright+ Vitamin C Eye Crème for Dark Circles
OLEHENRIKSEN

Revive Eye Serum for Firming & Illuminiating with Ginseng + Retinal
Beauty of Joseon

barrier+ Triple Lipid-Boost 360° Hydrating Eye Cream
Skinfix

Green Tea Caffeine Korean Eye Serum For Hydration & Puffiness
innisfree
Brushes and sponges for blending
A brush or sponge decides how a concealer looks more than people admit. Rare Beauty Liquid Touch Concealer Brush has a pointed tip and bristles shaped like a fingertip. Haus Labs makes a concealer brush with a domed curve and pointed tip. The PRO Concealer Brush 71 has a tapered head that applies on one side and blends on the other, and the Essential Brush 02 Concealer is an angled fingertip shape. Hourglass Vanish Concealer Brush has a half-moon shape for the under eye area.
PATRICK TA Dual-Ended Concealer Brush gives you two jobs in one: the small dense end builds coverage and the larger soft end buffs it out. Fenty Beauty Precision Makeup Sponge 100 is three-sided, with a mini-moon edge for the under eyes. Tower 28 Baby Blender Brush has a compact teardrop shape and quick-drying bristles, and it is the natural partner to the Swipe concealer.
How to use them: place concealer with the tip, then pat, never drag, along the edges.
What I would skip: a big fluffy brush for the inner corner of the eye. It pushes product around and leaves a flat patch. Reach for a small pointed tip or the mini-moon edge of the sponge.
Concealer brushes and sponges

Liquid Touch Concealer Brush
Rare Beauty by Selena Gomez

Cruelty-Free Concealer Brush
Haus Labs

PRO Concealer Brush #71
SEPHORA COLLECTION

Vanish Seamless Finish Concealer Brush
Hourglass

Essential Brush - 02 Concealer
SEPHORA COLLECTION

Dual-Ended Concealer Brush
PATRICK TA

Precision Makeup Sponge 100
Fenty Beauty by Rihanna

Baby Blender Brush For Concealer
Tower 28 Beauty
Choosing your concealer
If you want a light feel, start with the water first concealers above and pick by coverage, not by hype. Medium coverage like Tower 28 or Kosas suits most mornings, and full coverage like Too Faced or Charlotte Tilbury is for days that need more. Choose the shade by undertone in daylight, and hold it against your jaw, not your hand. Keep the routine simple: eye cream, a few minutes of patience, a small dab of concealer, and a soft pat. Less product in the right spot always looks better than a thick layer everywhere.






