Where can I trade S perpetual futures?

S perps are listed on Hyperliquid (market S), Aster (market S) and Lighter (market S). The listing is read from each venue's API about every minute.

What is the maximum leverage on S?

5x on Hyperliquid, 5x on Aster and 5x on Lighter, on the smallest position tier; larger positions get lower leverage. Aster's figure is estimated from its required margin. Higher leverage puts the liquidation price closer to the entry price.

Which venue has the most S trading volume?

Over the last 24 hours Hyperliquid, with $624K, against $23K on Lighter and $15K on Aster. More volume usually means a tighter spread and less slippage on larger orders.

S perpetual futures by venue

S perps trade on Hyperliquid (up to 5x), Aster (up to 5x) and Lighter (up to 5x). Hyperliquid has the most volume, $624K in 24 h.

Data as of Nov 11, 2026, 05:36 UTC. Refreshed about every minute.

S on each venue

Venue	Market	Price	24 h	24 h volume	Open interest	Max leverage	Funding / hour	Taker / maker fee
Hyperliquid	SUSDC	$0.037707	+1.85%	$624K	$1.7M	5x	0.0013%10.95% APR	0.045% / 0.015%
Aster	SUSDT	$0.037715	+1.51%	$15K	–	5x	0.0013%10.95% APR	0.04% / 0%
Lighter	SUSDC	$0.03769	+2.26%	$23K	$77K	5x	0.0012%10.51% APR	0% / 0%

Fees are each venue's base tier before volume discounts (Lighter: Standard account); see perp DEX fees compared.

Method and sources

Mark prices, 24 h volume and open interest (US dollars, at the mark price) come from each venue's public API and refresh about every minute. Max leverage is for the smallest position tier; Aster's is estimated from its required margin. Funding is per hour (Aster's rate divided by its interval).

Hyperliquid: Hyperliquid info API (metaAndAssetCtxs)
Aster: Aster futures API (ticker, premiumIndex, fundingInfo, openInterest)
Lighter: Lighter API (orderBookDetails, funding-rates)

More: S funding rate history, all perp markets, liquidation price explained

Frequently asked questions

Where can I trade S perpetual futures?: S perps are listed on Hyperliquid (market S), Aster (market S) and Lighter (market S). The listing is read from each venue's API about every minute.
What is the maximum leverage on S?: 5x on Hyperliquid, 5x on Aster and 5x on Lighter, on the smallest position tier; larger positions get lower leverage. Aster's figure is estimated from its required margin. Higher leverage puts the liquidation price closer to the entry price.
Which venue has the most S trading volume?: Over the last 24 hours Hyperliquid, with $624K, against $23K on Lighter and $15K on Aster. More volume usually means a tighter spread and less slippage on larger orders.