Aster vs Hyperliquid
Detailed side-by-side comparison of features, fees, and trading experience
| FEATURE | ASTER | HYPERLIQUID |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.04% | 0.045% |
| Maker Fee | 0% | 0.015% |
| Max Leverage | 1001x | 50x |
| Perp Pairs | 590 | 330 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 4.2 | 4.8 |
Aster vs Hyperliquid: key differences
Opening and closing a $10,000 position with market orders costs $8.00 on Aster and $9.00 on Hyperliquid at base-tier taker fees, a difference of $1.00 per round trip.
For limit orders, Aster charges makers nothing, while Hyperliquid charges makers 0.015%.
Aster allows up to 1001x leverage against 50x on Hyperliquid. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Aster lists 590 perpetual markets, Hyperliquid lists 330.
Hyperliquid is the more liquid venue, with $2.3B in 24-hour volume against $668M on Aster (about 3.5 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDT, USDC, USD1, BTC +5 more on Aster and in USDC, HYPE, BTC on Hyperliquid.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Aster | Hyperliquid | |
|---|---|---|
| Taker round trip on $10,000 | $8.00 | $9.00 |
| Maker round trip on $10,000 | $0 | $3.00 |
| Best-tier taker fee | 0.025% | 0.024% |
| BTC max leverage | 1001x | 40x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $668M | $2.3B |
| TVL | $793M | $7.3B |
| Custody | non-custodial | non-custodial |
| Collateral | USDT, USDC, USD1, BTC +5 more | USDC, HYPE, BTC |
| Deposit networks | BNB Chain, Arbitrum, Ethereum +1 more | Arbitrum, Ethereum, Base +10 more |
| Minimum order | $1 | $10 |
| Order types | 8 | 16 |
| Options | — | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | Yes |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 11 | 6 |
| Founded | 2024 | 2022 |
Choose Aster if
- You mostly use market orders: 0.04% taker fee against 0.045% on Hyperliquid.
- You place limit orders: 0% maker fee against 0.015% on Hyperliquid.
- You want higher leverage: up to 1001x against 50x.
- You trade smaller or newer markets: 590 perpetual pairs against 330.
Choose Hyperliquid if
- You trade size and need liquidity: $2.3B in 24-hour volume against $668M.
- You want a sign-up discount: 4% off fees through a referral link.
Aster
PROS
- + Up to 1001x leverage on BTC/USD in 1001x mode (250x on ETH, 75x on other crypto, 200x on forex), the highest advertised leverage among the perp DEXes compared on this site
- + 0% maker fee on all perpetual markets since February 2, 2026, a 0.04% base taker fee on crypto perpetuals, and a 5% discount when fees are paid in ASTER
- + 590 perpetual markets, including US and Hong Kong stock perpetuals with up to 50x leverage and a flat 0.0125% taker fee
CONS
- − 1001x leverage on BTC/USD is extremely risky: a price move of roughly 0.1% against the position liquidates it, and profit on 1001x trades is capped at about 300%
- − Prohibited in 11 named jurisdictions including the US, UK, and Canada, and the Terms & Conditions forbid circumventing location restrictions
- − Founding team is pseudonymous, with limited public disclosure of the cap table and of who holds smart-contract upgrade keys
Hyperliquid
PROS
- + Perpetuals taker fee of 0.045% and maker fee of 0.015% at the base tier, falling to 0.024% taker and 0% maker above 7 billion USD in 14-day volume, with a further discount of up to 40% for HYPE stakers
- + Up to 40x leverage on BTC perpetuals, 25x on ETH and 20x on SOL, and up to 50x on HIP-3 FX pairs (EUR, JPY, GBP) and S&P 500 perpetuals
- + No KYC: trading starts after connecting a wallet or email login, funds stay in the user's own account, and every order and liquidation is recorded onchain
CONS
- − USDC is the default perpetuals collateral; HYPE and BTC count as collateral only under portfolio margin, which requires more than 10,000 USD in account value or 5 million USD in volume
- − Restricted in the United States, Ontario (Canada), Russia, Cuba, Iran, North Korea and Syria; the frontend blocks IP addresses from restricted locations
- − The official mobile app is Android only and was released in April 2026 as a limited MVP; there is no iOS app, so iPhone users rely on the web app
Frequently Asked Questions
Is Aster or Hyperliquid better?
Hyperliquid has a higher rating (4.8 vs 4.2). Aster offers lower fees (0.04% vs 0.045%). Choose Aster for lower fees, and Hyperliquid for its features.
What are the fees on Aster vs Hyperliquid?
Aster charges 0.04% taker / 0% maker. Hyperliquid charges 0.045% taker / 0.015% maker for perpetuals.
Which has higher leverage, Aster or Hyperliquid?
Aster offers up to 1001x, and Hyperliquid offers up to 50x (40x on BTC). Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Aster and Hyperliquid require KYC?
Aster does not require KYC. Hyperliquid does not require KYC. Both restrict some jurisdictions (Aster lists 11; Hyperliquid lists 6), so check the terms of service for your country before depositing.
Is Aster or Hyperliquid safer?
Aster has been audited and runs an insurance fund, and custody is non-custodial. Hyperliquid has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Aster or Hyperliquid?
Aster recorded $668M in 24-hour volume and Hyperliquid recorded $2.3B, as of 2026-10-04. Aster lists 590 perpetual markets and Hyperliquid lists 330.