Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in at $100k | All-in at $1M |
|---|---|---|
| Aster | 0.055% | 0.070% |
| Hyperliquid | 0.048% | 0.053% |
Aster vs Hyperliquid
Aster leads on 3 of 6 shared benchmarks, Hyperliquid on 3. Aster wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0065% vs 0.015%), Most tradable markets on a perp DEX, live count across 14 venues (533 vs 177), Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked (1.068x vs 1.074x). Hyperliquid wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.046% vs 0.050%), Cheapest perp venue to hold a position, live funding normalized (0.91 bps vs 0.95 bps), Perp DEX volume share, live 24h notional ranked ($2.86B vs $1.07B).
Aster
Aster is a decentralized perps exchange (ex-ApolloX, backed by YZi Labs) on BNB Chain and other EVM networks, with a Binance-compatible API and 8 hour funding periods.
Hyperliquid
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
Side by side measurements
Cheapest perp venue to hold a position, live funding normalized
Trading| Provider | Annualized (ETH) | Per-hour rate (ETH) | BTC hold 24h | SOL hold 24h |
|---|---|---|---|---|
| Aster | 5.85% | 0.07 bps | 2.00 bps | 3.00 bps |
| Hyperliquid | 10.9% | 0.13 bps | 0.22 bps | 3.00 bps |
Perp DEX volume share, live 24h notional ranked
TradingAster
Trails$1.07B
- p99
- $1.15B
- rank
- #2
- samples
- 5,757
Hyperliquid
Leads$2.86B
- p99
- $3.19B
- rank
- #1
- samples
- 5,757
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingAster
Leads0.0065 %
- p99
- 0.0022%
- rank
- #6
- samples
- 2,877
Hyperliquid
Trails0.015 %
- p99
- 0.0077%
- rank
- #11
- samples
- 2,877
Most tradable markets on a perp DEX, live count across 14 venues
TradingAster
Leads533
- p99
- 533
- rank
- #1
- samples
- 5,756
Hyperliquid
Trails177
- p99
- 177
- rank
- #6
- samples
- 5,756
Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
Trading| Provider | $1M fill rate |
|---|---|
| Aster | 100.0% |
| Hyperliquid | 71.4% |
Frequently asked questions
Aster vs Hyperliquid: which one is better?
Aster and Hyperliquid are compared on 6 shared OpenChainBench benchmarks. Aster leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. Hyperliquid leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. See the live table on this page for every metric.
Which is faster on perp dex funding stability, 24h stddev of eth funding ranked, Aster or Hyperliquid?
On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, Aster leads at 0.0065% versus Hyperliquid at 0.015%. Live measurement is updated continuously by the OpenChainBench harness.
Which is faster on cheapest perp dex, live all-in cost from $1k to $1m on eth, btc and sol, Aster or Hyperliquid?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Hyperliquid leads at 0.046% versus Aster at 0.050%. Live measurement is updated continuously by the OpenChainBench harness.
How is the Aster vs Hyperliquid comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
How this pair was selected
A pair is published when all four conditions hold. Both providers run in the same OpenChainBench benchmark for at least seven consecutive days. Each provider has at least 1000 samples in the measurement window. The head to head query has observable third party search demand. Both providers have a public /products/[slug] page on OCB. The full pair ledger is versioned in the public repo so the methodology is externally verifiable.