ArbiLayer

Hyperliquid vs Aster

Fees, coins, new listings, perp prices and safety of Hyperliquid and Aster, side by side.

Hyperliquid logo

Hyperliquid

Perp DEX · since 2022

Perpetual and spot order-book exchange running on its own Layer 1 blockchain (HyperCore and HyperEVM).

New users: Referral code gives a 4% fee discount on the first $25M of volume

Claim on Hyperliquid ↗
Aster logo

Aster

Perp DEX · since 2025

Privacy-focused perpetual and spot DEX offering crypto, stock and commodity perps, now running on its own Aster Chain L1.

New users: Stage 6 airdrop claims, trading points and referral fee sharing

Claim on Aster ↗
HyperliquidAster
Trading fees (base tier)
Spot maker0.04%0.005%
Spot taker0.07%0.04%
Futures maker0.015%0%
Futures taker0.045%0.04%
Markets (live)
Coins listed458652
Coins with perpetuals178604
Coins with spot pairs29092
24h volume$6.15B$1.93B
Coins only here182 coins trade on both276470
New listings (detected live)
Last 30 days03
Last 90 days03
Perpetuals listed on both
Cheaper on more coinsof 150 shared perps, by mid price50 coins97 coins
Average funding (24h)positive = longs pay shorts+0.017%+0.005%
Typical price gapmedian between the two venues0.047%0.047%
Safety and access
Proof of reservesYes · real-timeYes · real-time
LicensesNone listedNone listed
Restricted regions8 regionsUnited States, Ontario (Canada), Cuba, Iran, Syria…12 regionsUnited States, Canada, United Kingdom, China, North Korea…
HeadquartersNo official HQ disclosed (developed by Hyperliquid Labs)No official HQ disclosed; terms governed by Hong Kong law
Exchange tokenHYPEASTER
Incidents on record22
Highlighted = better on that line. Fees are base-tier rates before VIP and token discounts. Markets and listings are counted live from exchange APIs.

Top coins only on Hyperliquid

Top coins only on Aster

Hyperliquid or Aster?

Hyperliquid and Aster are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.

Hyperliquid lists 458 coins and Aster 652. 182 coins trade on both, 276 only on Hyperliquid and 470 only on Aster. In the last 30 days Hyperliquid added 0 new coins and Aster 3.

On the 150 perpetual contracts listed on both exchanges, Hyperliquid was cheaper on 50 and Aster on 97, with a typical gap of 0.047%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.017% on Hyperliquid and +0.005% on Aster.

Fees above are base-tier rates before VIP levels and token discounts; Hyperliquid offers 5 discount options and Aster offers 5 discount options. Availability depends on where you live, so check the restricted regions before signing up.

Which has lower fees, Hyperliquid or Aster?

At the base tier, spot taker fees are 0.07% on Hyperliquid and 0.04% on Aster; futures taker fees are 0.045% and 0.04%. VIP tiers and token discounts lower both.

Which lists more coins, Hyperliquid or Aster?

Hyperliquid lists 458 coins and Aster 652. 182 coins trade on both exchanges.

Which adds new coins faster?

In the last 30 days ArbiLayer detected 0 new coins on Hyperliquid and 3 on Aster.

Do Hyperliquid and Aster publish proof of reserves?

Hyperliquid: yes. Aster: yes.

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