# Coinbase (COIN) Perpetual — Live Price & How to Trade on Aster | Asterpedia

> Live Coinbase (COIN) price, funding, and volume on Aster DEX. How to trade the COIN 24/7 stock perp: USDT-margined, up to 20x leverage. Code MMTz04 returns 5%

- Source: https://asterpedia.com/markets/coin
- Publisher: Asterpedia (https://asterpedia.com)

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[Home](https://asterpedia.com/)/[Markets](https://asterpedia.com/markets)/COIN
![Coinbase logo]
24/7 stock perpetual

# Coinbase Perpetual · COINUSDT

Trade the **COIN perpetual** on [Aster DEX](https://www.asterdex.com/en/referral/MMTz04): USDT-margined, up to **20x leverage**, with no identity verification currently requested. Browsing rather than trading this one? See [the full Aster listings index](https://asterpedia.com/listings).

[Trade COIN on Aster →](https://www.asterdex.com/en/referral/MMTz04)[How to trade COIN](#how-to)

Coinbase · COINUSDT · Live

$181.9722

▲ +0.06% (24h)

Updated 7:00:18 AM

24h High

$183.48

24h Low

$179.21

Funding 8h

+0.0000%

24h Volume

$412.0K

Max Leverage

20x

Coinbase price · Aster

1H4H1D1W1M

Loading Coinbase chart…

Live COINUSDT candles from Aster's public API. For trading, verify on [asterdex.com](https://www.asterdex.com/en/referral/MMTz04).

## About Coinbase (COIN)

Coinbase (COIN) is the largest US-listed crypto exchange, so its stock tends to track overall crypto market activity and sentiment. The COIN market on Aster is a USDT-margined perpetual tracking an index price supplied by a third-party oracle network. It is not the share, and it does not carry shareholder rights.

## Trading Coinbase Perpetuals on Aster

On Aster, Coinbase trades as the 24/7 USDT-margined **COINUSDT** perpetual: a contract with no expiry date, where your collateral and your profit or loss are both settled in USDT rather than in COIN itself. Leverage runs up to **20x** on the standard order-book market, and funding is exchanged between longs and shorts every eight hours to keep the contract price tracking its index; the last 30 and 90 days of those settlements are on the [Aster funding rate history](https://asterpedia.com/markets/funding-rate-history) page. Because a perpetual never delivers the underlying, the Coinbase market stays open around the clock, including the nights, weekends and holidays when the underlying market is shut. The instrument itself is issued by a third party and its price comes from a third-party oracle feed rather than from Aster. Orders can be placed openly or through Aster's [encrypted hidden orders](https://asterpedia.com/privacy/aster-hidden-orders-explained), which keeps size out of the public book until the moment it executes.

## How the COINUSDT Perp Differs From Owning Coinbase

Owning Coinbase exposure the traditional way means a brokerage account, market hours and, for commodities, a dated futures contract that eventually expires. The COINUSDT perpetual replaces all of that with a USDT-margined position you open from a wallet. That difference has three practical consequences. Going short is as easy as going long, so a falling COIN price is something you can trade rather than sit out. Position size can exceed collateral, up to 20x, which magnifies losses at exactly the same rate it magnifies gains. And funding is paid or received every eight hours for as long as the position stays open, a running cost that someone simply holding Coinbase never encounters.

## Fees and Leverage on the COINUSDT Market

Aster charges **0% maker** and **0.04% taker** on USDT-margined perpetuals, so adding liquidity to the COINUSDT book costs nothing and taking it costs 0.04% of notional. Two savings stack on top of that: paying fees in ASTER takes another 5% off at the point of trade, and signing up with referral code **MMTz04** returns 5% of the fees you pay as a rebate Aster calculates daily and credits the next day. Leverage on Coinbase is capped at 20x on the standard perp. Leverage does not change the fee rate, but it does change the notional those fees are charged against, so a 50x position pays fifty times the fee that the same collateral would pay unlevered. The full tier structure is in our [guide to what Aster charges on perps and spot](https://asterpedia.com/guides/fees).

## What to Know Before Trading Coinbase

Three things decide whether a Coinbase position survives. Funding is the first: the eight-hourly payment runs positive or negative depending on which side is crowded, and over days rather than minutes it compounds into a real drag on a held position. Liquidation is the second: at 20x, a move of roughly 5.0% against you consumes the margin backing the trade, before fees are counted. Liquidity is the third: depth on COINUSDT varies by hour, and a market order sized past the visible book fills at progressively worse prices, which is the situation limit orders and hidden orders exist to handle. Set the stop before you open the position rather than after, and treat the leverage slider as a risk control rather than a way to buy more.

Key Takeaway

COIN perps on Aster are 24/7, USDT-margined with up to 20x leverage and 8-hour funding. With referral code **MMTz04**, Aster returns **5% of the fees you pay** as a rebate, and its hidden-order mode lets you place larger COIN orders without broadcasting size to the book.

## How to Trade Coinbase on Aster in 4 Steps

- 1**Connect a wallet:** open [asterdex.com](https://www.asterdex.com/en/referral/MMTz04) and connect MetaMask, Rabby, or another Web3 wallet. No identity verification is currently requested.
- 2**Deposit USDT:** fund your account with USDT to use as margin collateral.
- 3**Open the COINUSDT market:** select Coinbase, choose your leverage (up to 20x), and set your margin mode.
- 4**Place your order:** market or limit, with optional hidden-order mode for size. Manage risk with stop-loss and take-profit.

[Start trading COIN with code MMTz04 →](https://www.asterdex.com/en/referral/MMTz04)

## Coinbase Perpetual — Contract Specs

Market | COINUSDT (Perpetual) |
Margin asset | USDT |
Max leverage | Up to 20x (standard perp) |
Funding interval | Every 8 hours ([history](https://asterpedia.com/markets/funding-rate-history)) |
Trading hours | 24/7 |
Settlement | Cash-settled in USDT |
Referral rebate | 5% of fees returned with code MMTz04 |
Hidden orders | Supported |

## Frequently Asked Questions

### What is the maximum leverage for Coinbase on Aster?

Aster offers up to 20x leverage on the standard COINUSDT perpetual. Higher leverage increases both potential returns and liquidation risk, so size positions carefully.

### How is Coinbase funding calculated on Aster?

The COIN perpetual settles funding every 8 hours, the interval Aster's public fundingInfo endpoint reports for this market. The funding rate keeps the perpetual price aligned with the underlying index, and is paid between longs and shorts. Thirty and ninety days of realised settlements for COIN are on the Aster funding rate history page.

### Can I trade Coinbase 24/7 on Aster?

Yes. Unlike the traditional market, Aster carries Coinbase as a 24/7 perpetual, so you can go long or short at any time, including nights and weekends when the underlying market is closed. The instrument is issued by a third party and priced from a third-party oracle feed rather than by Aster.

### Does Aster ask for identity verification to trade Coinbase?

Not at present. Aster is a self-custody DEX: you connect a Web3 wallet and trade from it, and no identity verification is currently requested. That describes how the product works today rather than whether it is available or lawful where you live, which is worth checking for yourself. Signing up with referral code MMTz04 returns 5% of the fees you pay as a rebate credited by Aster.

5% BACK

Trade COIN with referral code MMTz04 and Aster returns 5% of your fees as a rebate.

[Trade on Aster](https://www.asterdex.com/en/referral/MMTz04)

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Aster carries crypto, 24/7 tokenized stock, and 24/7 commodity perpetuals side by side in one account. The stock and commodity instruments are issued by third parties and priced from third-party oracle feeds.

### Related Guides

[How to Trade on AsterWallet, deposit, first perp](https://asterpedia.com/guides/getting-started/how-to-trade-on-aster)[1001x Leverage ExplainedHigh-leverage perps & risk](https://asterpedia.com/guides/trading/aster-1001x-leverage-explained)[How Liquidation Works on AsterMargin tiers, the trigger, the cost](https://asterpedia.com/guides/trading/how-liquidation-works-on-aster)[Aster vs HyperliquidPrivacy, leverage, stock perps](https://asterpedia.com/compare/aster-vs-hyperliquid)[Aster Fees ExplainedCut costs with staking + referral](https://asterpedia.com/guides/fees/aster-fees-explained)[Aster Listings RegisterEvery perp, spot pair and listing date](https://asterpedia.com/listings)

### Guide Sections

[Fee & Discount GuidesRate card, ASTER discount, referral rebate](https://asterpedia.com/guides/fees)[Perps, Spot & LeverageOrder types, margin, stock & commodity perps](https://asterpedia.com/guides/trading)[Aster Onboarding GuidesConnect a wallet, deposit, open a position](https://asterpedia.com/guides/getting-started)[TroubleshootingMissing deposits, bridge delays, connect errors](https://asterpedia.com/troubleshooting)

## Ready to trade Coinbase on Aster?

Sign up with referral code **MMTz04** and Aster returns 5% of the fees you pay as a rebate. Up to 20x leverage, with no identity verification currently requested.

[Trade COIN on Aster →](https://www.asterdex.com/en/referral/MMTz04)