Risk first: Perpetual futures can liquidate your entire margin. “Zero fee” never means zero risk, zero funding or zero slippage. This page is informational only, may include referral links, and is not financial advice.
If you are searching for the best perp DEX for zero fees, you probably want lower friction on every round-trip — not a slogan. This guide separates maker-fee zeros from total cost, then routes fee-sensitive traders to Aster or Hyperliquid depending on order style and market depth. For wallet-only perpetual basics, see no-KYC perpetual trading.
The cheapest venue is the one with the lowest all-in cost on the market and order type you actually use.
| Cost question | Aster | Hyperliquid |
|---|---|---|
| Headline “zero” angle | 0% maker on USDT perps (limit as maker) | No flat zero; competitive base fees + discounts |
| Typical taker path | ~0.04% USDT perps (verify live; USD1 perps can be lower) | Base perp taker ~0.045% before discounts |
| How to cut fees further | $ASTER fee pay discount; rewards / referral boosts | 4% referral discount (eligible volume) + volume tiers + HYPE staking |
| Best when | You can post liquidity and care about maker-zero + broader markets | You need major crypto depth and predictable fills |
| Go deeper | How to use Aster | How to use Hyperliquid |
Figures above mirror the schedules used elsewhere on this site. Always confirm the live fee page before size. Side-by-side product context: Hyperliquid vs Aster. If your intent is max leverage instead of fees, that is a different page: best high leverage DEX.
Pick Aster when your plan is to provide liquidity with limit orders on markets where the 0% maker schedule applies, or when fee sensitivity pairs with broader asset coverage (stocks, FX, gold). Taker fills are not free — treat “zero fee DEX” as “zero maker fee on the listed path,” then verify the exact contract.
Also check whether your strategy needs markets Aster lists well. Product detail: Aster review. Setup: how to use Aster. Ultra-high leverage modes have their own fee quirks and risk — read the 1001x guide before confusing opening-fee promos with a safe default.
Hyperliquid is usually the better fee decision when you trade liquid crypto perps and care about execution quality. Competitive base maker/taker rates plus a referral discount often beat a venue that looks “free” but slips more on size.
Practical stack for most users:
Full fee walkthrough: Hyperliquid fee discount & HYPE staking. First-trade path: how to use Hyperliquid.
Lighter still shows up in many “zero fee perpetual DEX” searches and can be useful as a fee-structure reference. On this site it is not the primary conversion recommendation — commercial focus stays on Hyperliquid and Aster. If you research Lighter, verify the live fee and points terms yourself and do not treat any badge as permanent.
Maker-zero path with broader markets: open Aster and post small limits first. Crypto depth with discount stack: open Hyperliquid through the referral link. Either way, measure all-in cost — not the slogan.
Open Aster → Open Hyperliquid →