Hyperliquid Perpetual · HYPEUSDT
Trade the HYPE perpetual on Aster DEX — USDT-margined, up to 300x leverage, no KYC.
Live HYPEUSDT candles from Aster's public API. For trading, verify on asterdex.com.
About Hyperliquid (HYPE)
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi).
Trading Hyperliquid Perpetuals on Aster
On Aster, Hyperliquid trades as the USDT-margined HYPEUSDT perpetual — no expiry, with collateral and PnL settled in USDT. Aster offers leverage up to 300x on HYPE, with funding settled every 8 hours to keep the perp tracking its index.
HYPE is the native token of Hyperliquid, a competing perpetuals DEX. If you also trade there, see our dedicated Hyperliquid guide — then compare the two in our Aster vs Hyperliquid breakdown.
HYPE perps on Aster are USDT-margined with up to 300x leverage and 8-hour funding. With referral code MMTz04 you trade at a 5% fee discount, and Aster's hidden-order mode lets you place larger HYPE orders without broadcasting size to the book.
How to Trade Hyperliquid on Aster in 4 Steps
- 1Connect a wallet — open asterdex.com and connect MetaMask, Rabby, or any Web3 wallet. No KYC required.
- 2Deposit USDT — fund your account with USDT to use as margin collateral.
- 3Open the HYPEUSDT market — select Hyperliquid, choose your leverage (up to 300x), and set your margin mode.
- 4Place your order — market or limit, with optional hidden-order mode for size. Manage risk with stop-loss and take-profit.
Hyperliquid Perpetual — Contract Specs
| Market | HYPEUSDT (Perpetual) |
|---|---|
| Margin asset | USDT |
| Max leverage | Up to 300x (standard perp) |
| Funding interval | Every 8 hours |
| Settlement | Cash-settled in USDT |
| Fee discount | 5% off with code MMTz04 |
| Hidden orders | Supported |
Frequently Asked Questions
What is the maximum leverage for Hyperliquid on Aster?
Aster offers up to 300x leverage on the standard HYPEUSDT perpetual. Higher leverage increases both potential returns and liquidation risk, so size positions carefully.
How is Hyperliquid funding calculated on Aster?
The HYPE perpetual settles funding every 8 hours (Binance-style). The funding rate keeps the perpetual price aligned with the underlying index, and is paid between longs and shorts.
Is Hyperliquid margined in USDT on Aster?
Yes. Hyperliquid trades as the USDT-margined HYPEUSDT perpetual on Aster — your collateral and profit/loss are settled in USDT.
Can I trade Hyperliquid on Aster without KYC?
Yes. Aster is a self-custody DEX — connect a Web3 wallet and trade directly, with no identity verification required. Sign up with referral code MMTz04 for a 5% fee discount.
Ready to trade Hyperliquid on Aster?
Sign up with referral code MMTz04 for a 5% discount on every trade — up to 300x leverage, no KYC.
Trade HYPE on Aster →