8 Hyperliquid alternatives
The closest alternatives to Hyperliquid are Lighter, Paradex, Ostium, Aster. Lighter costs 0% per round trip and suits non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts. Below, every option with fees, chains and what each is best at.
Checked 2026-10-16Why look beyond Hyperliquid
- 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.
- Third-party front-ends using builder codes can add up to 0.1% per perps trade on top of protocol fees.
The alternatives
-
Lighter
Ethereum · 0% round trip
Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.
+ The default Standard account charges 0% maker and 0% taker on perps and spot.
Open Lighter — 10% off fees · Hyperliquid vs Lighter -
Paradex
Paradex · 0% round trip
Non-US traders who place orders manually through a web UI and want zero-fee perps plus options from one margin account.
+ Retail orders pay 0% maker and 0% taker on perps, spot and options.
Open Paradex · Hyperliquid vs Paradex -
Ostium
Arbitrum · 0.06% round trip
Traders who want onchain leveraged exposure to stocks, forex, commodities and indices from a self-custodied wallet, outside the US.
+ Covers 75 pairs across stocks, ETFs, commodities, indices, forex and crypto, which most crypto perp venues do not list.
Open Ostium -
Aster
Aster Chain · BNB Chain · Arbitrum · 0.08% round trip
Non-US, non-UK traders who want zero maker fees on order-book perps, very high leverage modes, or privacy-shielded orders.
+ Maker fees are 0% at every VIP tier on order-book perps since February 2026.
Open Aster · Hyperliquid vs Aster -
Pacifica
Solana · 0.08% round trip
Solana perp traders who want a published volume ladder, 50x leverage on majors and exposure to RWA and pre-IPO markets, and who are outside the United States.
+ Fee schedule is published with eight tiers and a 0% maker fee at the VIP tiers.
Open Pacifica -
Avantis
Base · 0.09% round trip
Traders who want crypto, forex, commodities and US or Korean equity exposure from one USDC balance on Base.
+ Zero maker and taker commission on real-world asset markets while in growth mode.
Open Avantis -
edgeX
Ethereum · 0.09% round trip
Non-US, non-Canadian perps traders who want an Ethereum-settled order book with stock and forex perps and an email login option.
+ Settles to Ethereum, with V1 built on the StarkEx ZK-rollup engine and V2 anchoring state roots to Ethereum L1.
Open edgeX · Hyperliquid vs edgeX -
ApeX Omni
Zklink · 0.1% round trip
Traders who want a large perp listing with TradFi and stock perps and a staking-based fee discount, and who are outside the United States.
+ Fee ladder is published with seven levels, and staking APEX can unlock Levels 1 to 4 without volume.
Open ApeX Omni
Cost compared
Cost of a round trip (buy + sell). Platform fee only; network and pool fees are extra.
| Venue | Rate (round trip) | You pay |
|---|
FAQ
What is the best alternative to Hyperliquid?
For most people, Lighter: Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.
Why do people switch from Hyperliquid?
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.
Is there a cheaper alternative to Hyperliquid?
Yes: Lighter (0%), Paradex (0%), Ostium (0.06%), Aster (0.08%), Pacifica (0.08%) charge less per round trip than Hyperliquid (0.09%).