Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in cost | All-in at $100k | All-in at $1M |
|---|---|---|---|
| Aster | 0.051% | 0.058% | 0.074% |
| Paradex | 0.31% | 2.12% | 1.66% |
View
Astern/aParadexn/a
Aster vs Paradex
Aster leads on 6 of 7 shared benchmarks, Paradex on 1. Aster wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.051% vs 0.31%), Cheapest perp venue to hold a position, live funding normalized (2.98 bps vs 2.99 bps), Perp DEX volume share, live 24h notional ranked ($1.78B vs $16.87M), Most tradable markets on a perp DEX, live count per venue (585 vs 63). Paradex wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.00008% vs 0.00081%).
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.
Paradex
Paradex is a perps-focused L2 exchange built on Starknet tech, with USD-settled perpetuals and funding accrued continuously over an 8 hour period.
Daily perp volume, head to head
Perpetual notional per closed UTC day, the DeFiLlama day buckets, read from each venue's own data. Ribbon under the bars marks which venue printed more that day.
7d lead
Aster
$17.14B vs $73.8M
30d lead
Aster
$66.98B vs $282M
Days led, last 30
30 / 0
Aster / Paradex
Current streak
90 days
Aster since Jun 23, 2026
AsterParadex
UTC days, one side per trade
Aster volume ÷ Paradex volume, week by week
The ratio of the two venues' seven-day perp volume, in percent; a window is shown only when both sides have every day closed. 100% is parity. The dashed line is the median of the weeks shown; the last window is the 7d tile above.
23229.2% · week to 20 Sep · median 20454.9%
Aster ÷ Paradex, seven-day windows ending on the last closed day
14 Sep to 20 Sep
| Aster ÷ Paradex | 23229.2% |
| vs median | +2774.4pt |
| = Aster volume | $17.14B |
| ÷ Paradex volume | $73.8M |
| Window | Aster | Paradex | Aster / Paradex |
|---|---|---|---|
| Last closed day (Sep 20, 2026) | $1.69B | $14.6M | 11528% |
| Last 7 days | $17.14B | $73.8M | 23229% |
| Last 30 days | $66.98B | $282M | 23718% |
Sources: Aster, Aster fapi 1d klines quoteVolume summed over TRADING perpetual symbols. Paradex, Paradex public Metabase daily card, PERP_VOLUME column (perps only, options and spot excluded). Days where either venue has not closed are left blank rather than counted as zero. Last closed day common to both: Sep 20, 2026. Methodology and every venue on bench 266.
Side by side measurements
Cheapest perp venue to hold a position, live funding normalized
Trading| Provider | Funding cost to hold a long 24h | Annualized (ETH) | Per-hour rate (ETH) | BTC hold 24h | SOL hold 24h |
|---|---|---|---|---|---|
| Aster | 2.98 bps | 8.52% | 0.10 bps | 0.52 bps | 3.00 bps |
| Paradex | 2.99 bps | 10.9% | 0.12 bps | 2.98 bps | 2.92 bps |
View
Astern/aParadexn/a
Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (1h for Hyperliquid and dYdX, 4h or 8h elsewhere); every figure is normalized from the venue's own quoted rate and interval before ranking. Funding is only the holding cost. Opening costs (taker fee, spread, impact) are the companion bench perp-fees.
Perp DEX volume share, live 24h notional ranked
TradingAster
Leads$1.78B
- p99
- $2.70B
- rank
- #2
- samples
- 2,880
Paradex
Trails$16.87M
- p99
- $23.23M
- rank
- #15
- samples
- 2,880
24h perp volume
Astern/aParadexn/a
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingAster
Trails0.00081 %
- p99
- 0.0011%
- rank
- #2
- samples
- 2,880
Paradex
Leads0.00008 %
- p99
- 0.0023%
- rank
- #1
- samples
- 2,880
24h ETH funding stddev
Astern/aParadexn/a
Ranked only with 24 hours of funding history (288 samples) and a stddev above zero: a young listing, or a venue whose rate has not moved since listing (Ondo Perps at launch, Polymarket in July), reads artificially stable and shows as Provisional, never as the leader. Stability is not directionality: a persistently positive but tight band ranks above a rate that flips every settlement.
Most tradable markets on a perp DEX, live count per venue
TradingAster
Leads585
- p99
- 586
- rank
- #1
- samples
- 2,880
Paradex
Trails63
- p99
- 63
- rank
- #14
- samples
- 2,880
Active markets
Astern/aParadexn/a
Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | P/F ratio | FDV / fees | Fees 30d | Float | Open interest | Fees / OI |
|---|---|---|---|---|---|---|
| Aster | 26.4x | 76.0x | $6.22M | 34.8% | $1.44B | 0.053x |
| Paradex | 110.0x | 164.6x | $26.4K | 66.8% | $10.70M | 0.030x |
View
Astern/aParadexn/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Perp DEX daily volume 2026: Hyperliquid, Aster, Lighter, GMX, Gains, dYdX by UTC day, backfilled
Trading| Provider | Daily perp volume | Volume 30d | Share 30d |
|---|---|---|---|
| Aster | $1.69B | $66.98B | 18.3% |
| Paradex | $14.64M | $282.39M | 0.077% |
View
Astern/aParadexn/a
Volume is self-reported by each venue's public data surface and counted per UTC day, one side of each trade. Perimeters differ slightly per venue and are stated in the ledger notes. A closed day can be restated by a venue for one to two days; the harness re-reads the last three days every hour. Not a measure of organic flow: incentive programs and wash trading inflate notional on every venue.
Frequently asked questions
Aster vs Paradex: which one is better?
Aster and Paradex are compared on 7 shared OpenChainBench benchmarks. Aster leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. Paradex leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.
Which is cheaper on all-in cost, Aster or Paradex?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Aster leads at 0.051% versus Paradex at 0.31%. Live measurement is updated continuously by the OpenChainBench harness.
Which is cheaper on 24h eth funding stddev, Aster or Paradex?
On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, Paradex leads at 0.00008% versus Aster at 0.00081%. Live measurement is updated continuously by the OpenChainBench harness.
How is the Aster vs Paradex 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.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.