Aster vs Hyperliquid Comparison
| 0% maker / 0.04% taker (USDT perps) | Fees | 0.015% maker / 0.045% taker |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, calculated from the disclosed trading fee. A price markup in the spread is not included, because most providers do not publish it.
| 0% maker / 0.04% taker (USDT perps) | Fees | 0.015% maker / 0.045% taker |
Not enough reviews available.
Hyperliquid sets the trading fee by your weighted volume over the last 14 days, with spot volume counting double. Perpetuals and spot have separate tiers, and fees are assessed daily at the end of the day (UTC).
| Transaction | Cost at Hyperliquid |
|---|---|
| Perpetuals, entry tier 0 | 0.015% maker, 0.045% taker |
| Perpetuals, tier 1 above USD 5 million | 0.012% maker, 0.040% taker |
| Perpetuals, tier 4 above USD 500 million | 0% maker, 0.028% taker |
| Perpetuals, tier 6 above USD 7 billion | 0% maker, 0.024% taker |
| Spot, entry tier 0 | 0.040% maker, 0.070% taker |
| Maker rebate above 0.5% share of maker volume | credit of 0.001% to 0.003% |
| HYPE staking | 5% discount above 10 HYPE up to 40% above 500,000 HYPE |
| Referral code | 4% discount on the first USD 25 million of volume |
| Orders and trading on the native layer 1 | no gas fee |
| USDC deposit | network fee of the source chain, e.g. Arbitrum |
| First transfer to a new Hyperliquid account | one-off activation fee of 1 USDC |
How to save: Limit orders as a maker cost a third of the taker fee in the entry tier: on a USD 10,000 position that is USD 1.50 instead of USD 4.50. Staking just over 100 HYPE cuts both rates by 10%, and a referral code takes off another 4%. We compare other decentralised derivatives exchanges and their fees in our perp DEX comparison.
As of 22 October 2026 according to the Hyperliquid documentation on fees.
Pros & Cons
- 0% maker fee on perpetuals
- Four chains — BNB Chain, Ethereum, Solana and Arbitrum — from one interface
- Collateral can keep earning yield while positions stay open
- Non-custodial with on-chain settlement
- No KYC for on-chain trading
- No EU authorisation
- 1001x leverage marketing sets an unrealistic anchor
- Liquidity thinner than the volume leaders in smaller markets
- Tax reporting rests entirely with the user
- Order book held fully on-chain on a purpose-built layer 1
- CEX-level fees from 0.015% maker / 0.045% taker
- No network fees on trades
- 170+ perpetual markets with order types including TWAP
- Self-custody, no mandatory KYC
- No EU authorisation and no regulated counterparty
- Support runs through community channels only
- Leverage is capped tightly on smaller markets: headline figures apply to major markets only
- Tax reporting rests entirely with the user
Score Comparison
Features
- Maker fee at 0% since February 2026
- Four chains in one trading interface
- Yield-bearing collateral
- CEX-grade order-book experience
- Largest perpetual DEX by trading volume
- Purpose-built layer 1 rather than a rollup dependency
- Fee discount through HYPE staking
- TWAP orders available to retail users
The five areas head to head
AI AnalysisFees & Costs
Since February 2026 no maker fees apply on perpetual contracts; takers pay 0.04% on USDT-margined perpetuals and considerably less on USD1 perpetuals. Perpetuals on tokenised equities carry no trading fee. Network fees of the chain in use apply on top and vary by chain. As of August 2026.
The entry tier is 0.015% maker and 0.045% taker. Across six further tiers based on 14-day volume, the taker fee falls to 0.024% and the maker fee drops to 0% above USD 500 million; market makers with more than 0.5% of maker volume also receive a rebate. Further discounts come from HYPE staking (5 to 40%) and a referral code (4%). Orders on the native layer 1 cost no gas, so the trading fee reflects the actual cost. As of 22 October 2026.
Usability & User Experience
The interface follows centralised exchange conventions and is quick to navigate for anyone with futures experience. Access is by wallet connection without registration. Traders using several chains need to watch collateral and gas conditions on each. As of August 2026.
The interface follows classic futures terminals and assumes working knowledge of margin, funding and liquidation prices. Access is by wallet connection or email login, with no account opening. As of October 2026.
Features & Offering
Aster combines perpetuals on cryptocurrencies with perpetuals on tokenised equities and metals. Alongside market, limit, stop-loss and take-profit orders it offers hidden orders and grid trading. A distinguishing feature is yield-bearing collateral: posted capital can continue to earn while a position stays open. As of August 2026.
More than 170 perpetual markets trade against USDC collateral. Besides market and limit orders there are stop, take-profit, scale and trailing-stop orders as well as TWAP execution, which splits larger positions into suborders at least 30 seconds apart. That feature is usually reserved for institutional interfaces. Margin can be run cross (the default) or isolated. As of October 2026.
Details
| Aster (merger of Astherus & APX Finance) | Company | Hyperliquid Labs |
| Not disclosed (Hong Kong law per T&C) | Headquarters | Singapore |
Verdict
Both providers are practically level in our overall rating (4.7 to 4.8).
Aster emerged from the merger of Astherus and APX Finance and positions itself as the multi-chain alternative to single-chain perpetual DEXs. Trading spans BNB Chain, Ethereum, Solana and Arbitrum, settlement stays on-chain and custody stays with the user.
On pricing, Aster moved in February 2026: makers pay 0% on perpetuals, takers 0.04% on USDT-margined perpetuals, and perpetuals on tokenised equities carry no trading fee at all. Collateral posted in certain forms continues to earn yield while a position is open.
The advertised 1001x leverage is mainly a marketing signal and is barely usable in practice — liquidation thresholds at that level are extremely tight. The platform holds no EU authorisation; perpetuals sit outside MiCA in any case, and tax reporting rests entirely with the user. Aster is worth a look for experienced traders who want several chains from one interface.
Hyperliquid is the reference point among perpetual DEXs. Trading runs through an order book held entirely on-chain on a purpose-built layer 1 rather than through an AMM pool, which in practice delivers execution close to a centralised exchange while custody stays with the user.
Entry-tier fees are 0.015% maker and 0.045% taker and fall further across volume tiers; staking HYPE reduces them again. No network fees apply on the native layer 1. Leverage is tiered by market: up to 40x on Bitcoin and considerably lower on smaller markets.
The regulatory picture is straightforward: Hyperliquid holds no EU authorisation, and perpetuals sit outside MiCA in any case. There is no withholding at source, so tax reporting rests entirely with the user. The platform suits experienced traders who weight self-custody and execution quality above regulatory protection.