Markets · ASTER up to 10x
ASTER perp buildup adds $10.1 million at the latest price
Across all reported venues, ASTER contracts that trade around the clock account for $103.9 million in open positions. Matched markets with data throughout the period hold $103.9 million.
Key points
- The ASTER perp trades at $0.5317, up 6.1% from $0.501 24 hours earlier (weighted by open interest across venues).
- If open contracts on the same markets, valued at today's fixed price, exceed $103.9 million by 5 p.m. Eastern Time on Monday, the contract buildup has continued.
What's happening
Open contracts on the ASTER perp rose 10.8% over four days on markets present in each day. The extra units are worth $10.1 million at the latest price, which measures exposure rather than traders' deposits. These market totals do not reveal traders' entry prices, profits or net direction. Any leverage-cap comparison below is modeled, not an account-specific liquidation threshold.
In the desk's isolated-margin model, a short at the leverage cap on Hyperliquid has a 9.1% liquidation distance before fees and funding. In the available history, the ASTER perp moved a median 1.4% in a day and 2.9% over seven days. Actual liquidation depends on collateral and maintenance margin.
Open positions on the venues that reported every day, counted once a day through 5:20 p.m. ET, November 15, 2026 and valued at today's price. The last bar is the high of these days.
| November 11 | $93.7M |
|---|---|
| November 12 | $94.5M |
| November 13 | $95.2M |
| November 14 | $100.5M |
| November 15 | $103.9M |
Aster perps trade on Hyperliquid, a crypto exchange, with no expiry date. On Hyperliquid, traders pick their leverage on the ASTER perp, from one up to 5 times. At 5 times, every dollar of deposit controls $5 of ASTER. The contract gives no ownership of the underlying asset.
Most of it arrived across the last two intervals. Valuing every reading at the latest price, open contracts on the ASTER perp grew from $93.7 million to $103.9 million, a 10.8% rise, and ended the window at their highest. Traders outside the US can trade Aster perps on Hyperliquid with a crypto wallet and USDC$0.9998-0.02%.
- Median move in a week, past year
- 2.9% Either way, close to close
- Positions added in four days
- $10.1 million Extra units at latest price. Matched venues
- Open positions now
- $103.9 million All days valued at the latest price
- Annualized rate longs pay
- 897.7% Weighted by open interest
The backdrop
The ASTER perp trades at $0.5317, up 6.1% from $0.501 24 hours earlier (weighted by open interest across venues).
The largest increases in open contracts were on Aster and Hyperliquid. Aster added units worth $9.2 million at the latest price and holds $94.2 million of open exposure. Hyperliquid added units worth $857,000 at the latest price and holds $9.0 million of open exposure. ASTER is the 14th largest perp market of the 694 we track by open interest.
On Veranta, 50% of open positions are long: $500 long and $500 short.
Longs pay shorts at an annualized 897.7%, weighted by open interest. This is a current rate, not a record of past payments. A price move or funding payment does not identify the market as net long or short.
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The two sides
The table models a long and a short at the Hyperliquid leverage cap. Actual liquidation depends on account equity and maintenance margin, not the venue cap alone.
$10.1 million extra at today's price over four days, most of it arrived across the last two intervals, mostly on Aster and Hyperliquid.
| Hypothetical long | Hypothetical short | |
|---|---|---|
| The bet | ASTER keeps rising and the new positions stay on. | ASTER falls back and the new positions are closed. |
| Liquidation move and price | A 11.1% fall, near $0.472, at Hyperliquid's 5x cap | A 9.1% rise, near $0.5792, at Hyperliquid's 5x cap |
| Who is positioned this way | Longs, paying 897.7% a year to hold | Shorts, paid 897.7% a year by longs |
| Entry reference price | $0.5309, the perp's latest price | $0.5309, the perp's latest price |
Why this could be wrong
Open interest shows how much is open at a given moment. It does not show that the traders who added it are the ones holding it now, and four days of daily figures is a short window.
The yearly rate is today's pace, not a locked-in cost, and no cause for the build is known from this data. The usual move is a median of what came before, not a forecast, and the thresholds behind it are ours.
What happens next
If open contracts on the same markets, valued at today's fixed price, exceed $103.9 million by 5 p.m. Eastern Time on Monday, the contract buildup has continued.
If that same fixed-price total falls below $93.7 million, the increase in open units has reversed. Using a new price instead could mistake a price decline for contracts closing.