Hyperliquid vs Aster
Aster is cheaper: a $1,000 buy-and-sell costs $0.80 in platform fees vs $0.86 on Hyperliquid. Pick Hyperliquid if you are perps traders outside the US who want onchain order-book trading from their own wallet, with fees that drop by volume and HYPE staking. Pick Aster if you are non-US, non-UK traders who want zero maker fees on order-book perps, very high leverage modes, or privacy-shielded orders.
Checked 2026-10-16 · both venues' fee pagesHyperliquid is a layer-1 blockchain whose HyperCore layer runs fully onchain perpetual futures and spot order books, with a HyperEVM smart-contract layer alongside. It targets active perps traders who want order-book trading from a self-custodied wallet.
Aster is a decentralized perpetuals exchange offering order-book perps on crypto, stocks and commodities, plus a Shield Mode with order privacy, a one-click 1001x mode and spot trading. It runs on Aster Chain, its own privacy-focused layer 1, which announced mainnet in March 2026.
Aster saves $0.06 per $1,000 round trip.
Side by side
| Hyperliquid | Aster | |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Status | live | live |
| Chains | Hyperliquid | Aster Chain, BNB Chain, Arbitrum |
| Platforms | web | web |
| Custody | non-custodial | non-custodial |
| KYC | none | none |
| Platform fee, round trip | 0.09% | 0.08% |
| $1,000 round trip | $0.90 | $0.80 |
| Sign-up perk | 4% discount on fees for the first $25M of volume | Whatever share of the 10% the referrer passes back as a fee discount (for example 5%) |
| Perps taker / maker | 0.045% / 0.015% | 0.04% / 0% |
| United States | Not available | Not available |
| United Kingdom | Unverified | Not available |
| European Union | Unverified | Unverified |
| Launched | 2023-02 | 2025-03 |
| Reported incidents | 4 | 2 |
Features
| Feature | Hyperliquid | Aster |
|---|---|---|
| perps | ✓ | ✓ |
| spot | ✓ | ✓ |
| order book | ✓ | ✓ |
| limit orders | ✓ | — |
| vaults | ✓ | — |
| staking discounts | ✓ | — |
| builder codes | ✓ | — |
| HIP-3 builder-deployed perps | ✓ | — |
| outcome markets | ✓ | — |
| HyperEVM | ✓ | — |
| API | ✓ | — |
| stock perps | — | ✓ |
| RWA perps | — | ✓ |
| 1001x leverage | — | ✓ |
| Shield Mode privacy | — | ✓ |
| hidden orders | — | ✓ |
| VIP tiers | — | ✓ |
| ALP vault | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Hyperliquid: watch out for
- The Terms bar US and Ontario residents and prohibit VPN use to get around that.
- The HLP vault has absorbed manipulation losses, including a reported $4.9M on POPCAT in November 2025.
- Validators delisted the JELLY market and settled it at a fixed price in March 2025, an intervention critics questioned.
Aster: watch out for
- The Terms bar residents of the US, Canada and the UK, among others.
- VIP discounts need large ASTER holdings as well as volume, up to 2.5M ASTER for VIP 6.
- DefiLlama delisted Aster's perp volume in October 2025 over wash-trading concerns.
FAQ
Is Hyperliquid better than Aster?
Aster is cheaper: a $1,000 buy-and-sell costs $0.80 in platform fees vs $0.86 on Hyperliquid. Pick Hyperliquid if you are perps traders outside the US who want onchain order-book trading from their own wallet, with fees that drop by volume and HYPE staking. Pick Aster if you are non-US, non-UK traders who want zero maker fees on order-book perps, very high leverage modes, or privacy-shielded orders.
Which is cheaper, Hyperliquid or Aster?
Aster. On a $1,000 round trip: Aster $0.80 vs Hyperliquid $0.86, platform fees only.
Can I use Hyperliquid or Aster in the US?
Hyperliquid: not available. Aster: not available. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Hyperliquid Docs: Fees — checked 2026-10-16
- Hyperliquid Docs: Referrals — checked 2026-10-16
- Hyperliquid Docs: Builder codes — checked 2026-10-16
- Hyperliquid Terms of Use (last updated June 15, 2026) — checked 2026-10-16
- Hyperliquid Docs: About Hyperliquid — checked 2026-10-16
- Hyperliquid Docs: Core contributors — checked 2026-10-16
- Aster Docs: Fees (perpetuals) — checked 2026-10-16
- Aster Docs: VIP Program (General Perpetuals fee table) — checked 2026-10-16
- Aster Docs: 1001x Fees & Slippage — checked 2026-10-16
- Aster Docs: Referral Program — checked 2026-10-16
- Aster Docs: What is Aster? — checked 2026-10-16
- Aster Terms & Conditions (last updated February 25, 2026) — checked 2026-10-16