Perp DEX fees: Hyperliquid vs Aster vs Lighter
On base-tier rates, Lighter's Standard account charges 0% maker and 0% taker. Aster charges 0% maker and 0.04% taker on its main USDT perps. Hyperliquid charges 0.015% maker and 0.045% taker. Volume tiers and staking lower these, and slippage on a thin book can cost more than the fee. An app that routes your orders can add a builder fee on top: Hyperliquid caps it at 0.1% on perps.
Checked against each venue's fee page on .
Perpetual futures, base tier
| Venue | Applies to | Maker | Taker | Prow fee on top | Source |
|---|---|---|---|---|---|
| Hyperliquid | Perps, base tier | 0.015% | 0.045% | 0% until Dec 31, 2026, then 0.025% per trade | hyperliquid.gitbook.io |
| Aster | USDT perps (Crypto General), base tier | 0% | 0.04% | 0% until Dec 31, 2026, then 0.025% per trade | docs.asterdex.com |
| Lighter | Standard account | 0% | 0% | None on Standard accounts | apidocs.lighter.xyz |
- Maker: an order that rests on the book and is filled later. Taker: an order that fills at once against resting orders (market orders, crossing limits).
- Volume tiers, staking and referral programs lower these rates on Hyperliquid and Aster. Lighter's Premium accounts pay fees in exchange for faster order processing.
- Funding is not a fee but is a cost of holding a position: see live funding rates.
What a $10,000 trade costs
Fees are charged on the position's value (notional), not on your margin: a $10,000 position at 10x leverage pays the same fee as one at 1x. Round trip = open and close.
| Venue | Open as taker | Open as maker | Round trip, taker | Round trip, taker, from Jan 1, 2027 with Prow |
|---|---|---|---|---|
| Hyperliquid | $4.50 | $1.50 | $9.00 | $14.00 |
| Aster | $4.00 | $0.00 | $8.00 | $13.00 |
| Lighter | $0.00 | $0.00 | $0.00 | $0.00 |
Spot, base tier
| Venue | Maker | Taker | Prow fee on top |
|---|---|---|---|
| Hyperliquid | 0.04% | 0.07% | 0% until Dec 31, 2026, then 0.025% per trade, on sells only |
| Aster | 0.02% | 0.07% | None |
What Prow adds
Prow is a non-custodial app for trading on Hyperliquid, Aster and Lighter. It charges a fee per trade on top of the venue fee, as a builder fee that your wallet approves once on each venue. Prow charges no fee on deposits, withdrawals or transfers.
| Period | Prow fee per trade |
|---|---|
| Until Dec 31, 2026 | 0% |
| From Jan 1, 2027 | 0.025% |
Details: Prow fees, Hyperliquid builder fees explained, Hyperliquid vs Aster vs Lighter, perp markets by venue
Frequently asked questions
- Which perp DEX has the lowest fees?
- On base-tier rates, Lighter's Standard account charges 0% maker and 0% taker. Aster charges 0% maker and 0.04% taker on its main USDT perps. Hyperliquid charges 0.015% maker and 0.045% taker. Volume tiers and staking lower these, and slippage on a thin book can cost more than the fee.
- What is a builder fee?
- A fee an app adds on top of the venue's fee for orders placed through it, approved once by your wallet. Hyperliquid caps builder fees at 0.1% on perps. Prow's fee is 0% until Dec 31, 2026, then 0.025% per trade.
- Does Prow add a fee on Lighter?
- No. Prow adds no fee on Lighter Standard accounts, which pay no venue fee either.
- Does funding count as a fee?
- Funding is a payment between traders, not a venue fee, but it is a cost of holding a position. At Hyperliquid's baseline of 0.00125% per hour, a long pays about 0.03% of its value a day. See the live funding rates page for every coin.