Vishwam It is a huge difference and very easy to notice. I constantly see circles of 3 different sizes, but they are used for the same thing, “the switch”. In design you have to keep things the same unless there is a reason not to. Because any apparent difference will end up telling the user about some intrinsic difference.
If all icons are switches and all texts are menus (like Wi-Fi, BT), then the white background under Wi-Fi text tells a lie and is inconsistent with the maximized BT tile.
Such are textbook design problems.