Aster vs Hyperliquid: fees, cost and liquidity
Aster cost less in 5 and Hyperliquid in 1 of the 6 BTC and ETH order sizes where both venues had a rank.
- Aster, $10K BTC
- 4.11 bps
- Hyperliquid, $10K BTC
- 4.56 bps
- Aster, $1M BTC
- 4.60 bps
- Hyperliquid, $1M BTC
- 4.79 bps
Measured cost of a market buy
| Order | Aster | Hyperliquid |
|---|---|---|
| BTC $10,000 | 4.11 bps ($4.11)Rank 11 of 38✓ | 4.56 bps ($4.56)Rank 16 of 38 |
| BTC $100,000 | 4.37 bps ($43.68)Rank 9 of 37✓ | 4.56 bps ($45.61)Rank 13 of 37 |
| BTC $1,000,000 | 4.60 bps ($460.08)Rank 4 of 33✓ | 4.79 bps ($478.67)Rank 7 of 33 |
| ETH $10,000 | 4.08 bps ($4.08)Rank 10 of 39✓ | 4.70 bps ($4.70)Rank 13 of 39 |
| ETH $100,000 | 4.31 bps ($43.06)Rank 8 of 38✓ | 4.70 bps ($47.04)Rank 9 of 38 |
| ETH $1,000,000 | 4.81 bps ($480.66)Rank 5 of 33 | 4.77 bps ($476.69)Rank 4 of 33✓ |
The base taker fees differ by half a basis point, so the measured book cost decides most orders.
The larger differences are the 8-hour Aster funding period, the audit scope, and who approves withdrawals.
Fees, funding and market data
| Item | Aster | Hyperliquid |
|---|---|---|
| Taker fee, base tier | 0.040%✓ | 0.045% |
| Maker fee, base tier | 0%✓ | 0.015% |
| Maximum leverage | 200x on BTC up to a $400 position; 150x up to $300,000 | 40x on BTC, 25x on ETH; 3x to 40x by asset |
| Chain and settlement | Own layer 1 (Aster Chain); bridges from BNB Chain, Ethereum, Arbitrum, Solana, SUI | Own layer 1 (HyperCore) |
| Custody of funds | Aster validators sign deposits and withdrawals; no forced withdrawal described | USDC is minted natively on HyperCore; the legacy Arbitrum bridge holds less than 10% of it |
| Audit scope in docs | Deposit vault, earn and token products | Legacy bridge contract |
| Networks | Own layer 1; bridges from BNB Chain, Ethereum, Arbitrum, Solana, SUI | Own layer 1; USDC through CCTP |
| BTC funding rate | 0.0075% per 8hOctober 16, 2026, 08:52 UTC | 0.0013% per 1hOctober 16, 2026, 08:52 UTC · interval |
| ETH funding rate | 0.0072% per 8hOctober 16, 2026, 08:52 UTC | 0.0013% per 1hOctober 16, 2026, 08:52 UTC · interval |
| BTC perp open interest | Not collected | $3.42bOctober 16, 2026, 08:52 UTC |
| ETH perp open interest | Not collected | $2.70bOctober 16, 2026, 08:52 UTC |
| Reported 24h volume | $2.65bOct 16, 2026 | $10.20bOct 16, 2026 |
- Aster
- fees, leverage, settlement and custody
- Hyperliquid
- fees, leverage, settlement, custody
Each fee, leverage, settlement and custody value comes from the official page named here. PerpFinder read every page on Sep 23, 2026.
Base fees on paper
Aster lists 0% maker and 0.04% taker for general crypto perpetuals on its fee page. Some pairs sit in a second fee group with a higher taker rate. Hyperliquid lists 0.015% maker and 0.045% taker at tier 0 on its fee page.
The base taker gap is half a basis point. The order book often moves the measured result more than that gap.
Funding periods are not the same length
Aster uses an 8-hour funding interval by default and can set another interval per pair. Its funding page says that Aster can change the floor, the cap and the interval without notice. Hyperliquid settles funding every hour.
The funding rows on this page show each rate for its own period. Divide the Aster rate by 8 before you compare it with an hourly Hyperliquid rate.
What the audits cover
The Aster audit page links seven reports from Salus Security, PeckShield and Halborn. They cover a deposit vault, an earn contract, and the asBNB, asCAKE, USDF and asUSDF products. No listed report names the Aster Chain clearinghouse. The Hyperliquid audit page names Zellic for the legacy bridge contract.
Custody
Hyperliquid keeps balances on its own chain. Aster also runs its own layer 1, Aster Chain. Per the Aster Chain overview, Aster validators sign each deposit and withdrawal, and only Aster runs validators in Phase 1. The Aster docs describe no forced withdrawal path.
Aster and Hyperliquid book depth
Hyperliquid had the deeper BTC book at $1,000,000: spread and impact added 0.29 bps, against 0.60 bps on Aster. On ETH at the same size, the Hyperliquid book added 0.27 bps and the Aster book 0.81 bps. From a $10,000 to a $1,000,000 BTC buy, the book part of the cost grew by 0.49 bps on Aster and by 0.23 bps on Hyperliquid.
Who can open an account
Both venues bar persons in the United States. Only Aster also bars the United Kingdom and Canada.
| Jurisdiction | Aster | Hyperliquid |
|---|---|---|
| United States | Not available | Not available |
| United Kingdom | Not available | Not named |
| EU and EEA | Not named | Not named |
| Canada | Not available | Limited |
| Identity documents | Not stated | Not asked in the interface |
Aster terms permit identity checks for compliance but do not state whether they are mandatory. Hyperliquid collects a wallet address and geolocation data from users, not identity documents.
A country that the terms do not name is not a permission. Check your local law before you open an account.
Which one fits which trader
A trader who holds positions for days should compare funding per hour, not per period. A trader who pays taker fees on every order should read the measured rows at the order size.
Aster vs Hyperliquid FAQ
Which has lower fees, Aster or Hyperliquid?
Aster lists 0.04% taker and 0% maker for general crypto pairs.
Hyperliquid lists 0.045% taker and 0.015% maker at tier 0. The measured table adds spread and price impact.
Why do Aster funding rates look larger than Hyperliquid rates?
Aster quotes funding for an 8-hour period by default.
Hyperliquid quotes it for one hour. Divide the Aster rate by 8 to compare the two.
Are the Aster trading contracts audited?
The Aster audit page links seven reports.
They cover a deposit vault, an earn contract, asBNB, asCAKE, USDF and asUSDF. No listed report names the Aster Chain clearinghouse.