COMPLETE TRADING GUIDE

How to Trade on Aster

Aster is a multi-chain decentralized perpetual exchange with order privacy built into the matching engine. It pairs a centralized-exchange interface with on-chain settlement and self-custody, adds hidden encrypted orders and up to 1001x leverage on select pairs, and does not currently ask for identity verification or account signup.

Whether you're placing your first market order or running select pairs at 1001x in Simple mode, this guide covers everything you need to trade effectively on Aster. New to the platform? Start with our Asterpedia homepage for a quick overview, then dive into the detailed trading guides below.

Trading Hub

Updated June 2026

MarketsCrypto · Stocks · Commodities

Max leverageUp to 1001x

Order typesMarket → Hidden

PrivacyHidden orders

Stock perps24/7

What Trading Features Does Aster Offer?

According to Aster's official documentation, the platform offers order-book perpetuals on crypto, stocks, and commodities, plus spot and yield products. Aster gives traders access to perpetual futures with up to 1001x leverage, spot pairs, and 24/7 stock & commodity perpetuals settled in USDT. Those instruments are issued by third parties and priced from third-party oracle feeds, which Aster documents as Pyth. Every order can be encrypted as a hidden order that stays out of the public book until it executes, which removes the readable order flow position-hunting and MEV strategies depend on. Aster splits the experience into two modes: Simple mode offers one-click trading up to 1001x on select BTC/ETH pairs with no initial margin, while Pro mode unlocks the full order book, hidden orders, and multi-collateral margin. The platform supports order types including market, limit, stop-loss, and take-profit, and limit orders can be concealed in the matching engine. Traders can also put capital to work through Aster Earn with yield-bearing collateral like asBNB and USDF. With no identity verification currently requested and collateral held in your own wallet, the feature set sits close to a centralized exchange without the custody tradeoff.

Margin Modes and Multi-Collateral Pro Trading

Aster supports both cross-margin and isolated margin modes, configurable per position. In cross-margin mode, your account balance acts as collateral for all open positions, which maximizes capital efficiency and reduces the chance of liquidation on any single trade. Isolated margin lets you allocate a fixed amount of collateral to an individual position, capping your downside to that specific allocation. For advanced traders, Aster's Pro mode supports multi-asset margin — you can post USDT, USDC, ETH, SOL, or yield-bearing collateral such as asBNB and USDF — and provides a consolidated view of your portfolio risk across perpetual and spot positions. Simple mode, by contrast, requires no initial margin and runs through the ALP liquidity pool on BNB Chain and Arbitrum, giving newer traders one-click access to high leverage. Whichever mode you use, hidden orders keep resting size off the public book, which makes correlated positions harder for other traders to read.

Trading at a Glance

Hidden

Encrypted orders

Multi-chain

BNB · ETH · SOL · ARB

24/7

Stock & commodity perps

Up to 1001x

Leverage available

Why Traders Choose Aster

Most decentralized exchanges ask traders to choose between transparency and privacy. Aster narrows that gap. Orders can be encrypted before they reach the chain and decrypted only at execution, so resting size and direction stay out of the public order book while settlement remains on-chain and collateral stays in your own wallet. Order privacy is not anonymity, and it does not remove MEV or adversarial trading, it removes the order flow those strategies read. On origins, Aster's own documentation and launch announcement describe YZi Labs as a backer and Binance founder CZ as an advisor. Neither is a statement about who operates the platform, and Aster names no legal entity in its terms.

The platform supports professional hidden order functionality alongside standard market, limit, stop-loss, and take-profit orders. Combined with up to 1001x leverage on Aster and its published fee schedule (0% maker / 0.04% taker on USDT perps), that is the combination privacy-conscious traders tend to come here for. Perpetual positions accrue or pay periodic funding based on the spread between perp and spot prices, so factor it into any longer-held position.

Beyond crypto perpetuals, Aster offers spot trading (covered in our spot trading guide), 24/7 stock and commodity perpetuals issued by third parties and priced from third-party oracle feeds, and a yield ecosystem through Aster Earn: asBNB liquid staking, the USDF yield-bearing stablecoin, and the ALP liquidity token. The native ASTER token ties it together, with a 5% fee reduction for paying in ASTER, veASTER staking for a share of the buyback, and the buyback-and-burn program. Acquiring it is a separate job from trading with it, and the routes — Aster's own spot market, a centralized exchange, or on-chain — are walked through in how to buy Aster. Keep your own records from the first trade. How perpetual P&L, funding payments and spot fills are taxed depends entirely on where you live and on your circumstances, and this site cannot tell you: ask a qualified tax professional in your jurisdiction. Whatever the answer turns out to be, it is far easier to work out from records captured as you go.

Curious how Aster stacks up against the incumbents? Our Aster vs Hyperliquid comparison breaks down the differences in privacy, leverage caps, market coverage, and backing. And before you size up, remember that Aster ships fast — leverage caps, fees, and market listings change quickly, so verify the current numbers in the Aster docs and in the app before trading.

Before You Place the First Order

Sign up to Aster with code MMTz04. Per Aster's documented program terms the code is applied at sign-up and cannot be added to an existing account afterwards.

Trade on Aster - 5% Fee Rebate

Key Trading Features

1001x Leverage

One-click Simple mode on select BTC/ETH pairs, up to 1001x with no initial margin, settled on-chain.

1001x Guide →

Hidden Orders

Encrypt limit orders before they reach the chain so resting size and direction stay out of the public book.

Hidden Orders Guide →

Spot Trading

Buy and hold tokens directly on Aster with a fully on-chain order book and deep liquidity on pairs like ASTERUSDT.

Spot Trading Guide →

Stock & Commodity Perps

Stock and commodity perpetuals (NVDA, gold, oil) trade 24/7 on Aster, settled in USDT and priced from third-party Pyth oracle feeds.

Trading Hub →

Simple vs Pro

Simple mode is one-click 1001x; Pro mode unlocks the full order book, hidden orders, and multi-collateral margin.

How to Trade →

ASTER Token

The native token: pay fees in ASTER for a 5% discount, stake veASTER for buyback share, and earn from the buyback-and-burn program.

ASTER Token Guide →

Frequently Asked Questions

How do I start trading on Aster?

Connect a compatible wallet (MetaMask, Binance Wallet or Phantom), pick a chain (BNB Chain, Ethereum, Solana or Arbitrum), deposit USDT, and you can trade from there. Aster does not currently ask for identity verification, an email address or account creation.

What fees does Aster charge?

Aster's published fee documentation lists 0% maker and 0.04% taker on USDT-margined perpetuals, and 0.005% maker / 0.04% taker on spot. Paying fees in ASTER reduces them by a further 5%, and referral code MMTz04 returns 5% of the fees you pay as a rebate Aster credits daily. Verify current rates in the Aster docs and app before trading.

What leverage is available on Aster?

Aster offers up to 1001x leverage on select BTC/ETH pairs via one-click Simple mode with no initial margin. Standard Pro perps carry per-pair leverage on crypto, with lower caps on stock perps. Leverage limits vary by asset and mode, so verify the current cap in the app.

Who holds my funds when I trade on Aster?

You do. Aster is non-custodial, so collateral sits in a wallet you control rather than with the venue, and hidden encrypted orders are decrypted only at execution, which keeps resting size and direction out of the public book. That changes the risk profile rather than removing risk: contract bugs, oracle moves, liquidation at high leverage and lost wallet keys all remain yours to manage, and there is no support desk that can reverse any of them.

Does Aster ask for identity verification?

Aster does not currently ask for identity verification, an email address or account registration in order to trade. You connect a wallet and trade from it. That describes how the product behaves today rather than whether it is available to you or lawful where you live, which depends on your own jurisdiction.

What markets can I trade on Aster?

Aster runs order-book perpetual markets covering crypto, plus stock perpetuals (NVDA, TSLA, AAPL and others) and commodity perpetuals that trade 24/7 and settle in USDT. Those stock and commodity instruments are issued by third parties and priced from third-party oracle feeds, which Aster documents as Pyth. Order-book spot trading is also available for select pairs such as ASTERUSDT.

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