Markets · ASTER up to 150x
Leveraged ASTER bets trade 6.2 times their recent median volume as the price drops
On Aster, a perps venue, the ASTER perp, which trades around the clock, traded $197.1 million in 24 hours. Its price fell 12.6% over the same day.
Key points
- The ASTER perp trades at $0.5382, down 12.6% from $0.6157 24 hours earlier (weighted by open interest across venues).
- The last 24 hours brought $197.1 million in turnover across the comparison venues.
What's happening
Trading in the ASTER perp ran at 6.2 times its recent median volume over 24 hours, and the price fell 12.6%. Volume that far above normal means far more money than usual is changing hands at today's prices.
If Hyperliquid's average hourly funding over the preceding 24 hours persisted, longs would pay 0.0% a day, or 0.0% over a week, on a constant position value. The median rise in the week after the same test across Hyperliquid's busiest perps was 5.1%. That price change excludes fees and historical funding, so this comparison does not establish a trading return.
Rolling 24-hour volume on venues present in every reading, through 1:30 p.m. ET, November 15, 2026. The windows can overlap. The line is the median of the earlier readings, not a long-run normal day.
| November 11 | $28.1M |
|---|---|
| November 12 | $29.0M |
| November 13 | $34.2M |
| November 14 | $48.5M |
| November 15 | $197.1M |
Aster perps trade on Hyperliquid, a crypto exchange, with no expiry date. On Gate, traders pick their leverage on the ASTER perp, from one up to 75 times. At 75 times, every dollar of deposit controls $75 of ASTER. The contract gives no ownership of the underlying asset.
It traded $197.1 million, against a median of $31.6 million in the earlier 24-hour periods. Traders outside the US can trade Aster perps on Hyperliquid with a crypto wallet and USDC$0.9998-0.02%.
- Volume against its recent median
- 6.2 times Over the last day
- Traded in 24 hours
- $197.1 million Across the venues read
- Price change in 24 hours
- -12.6% Weighted by open interest
- Hypothetical weekly funding longs pay
- 0.0% If the recent average persists, before fees
The backdrop
The ASTER perp trades at $0.5382, down 12.6% from $0.6157 24 hours earlier (weighted by open interest across venues). $251.5 million of positions are open across 27 venues.
On Veranta, 50% of open positions are long: $500 long and $500 short.
Holding a long costs money right now. Longs pay shorts 59.9% a year, weighted by open interest.
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The two sides
The table models a long and a short at the Gate leverage cap. Actual liquidation depends on the entry price, collateral and maintenance margin on the account.
ASTER traded $197.1 million against a recent median of $31.6 million.
| Hypothetical long | Hypothetical short | |
|---|---|---|
| The bet | ASTER keeps rising. | ASTER falls. |
| Liquidation move and price | Model estimate: A 0.7% fall, near $0.5331, at Gate's 75x cap | Model estimate: A 0.7% rise, near $0.5403, at Gate's 75x cap |
| Who is positioned this way | Longs, paying 59.9% a year to hold | Shorts, paid 59.9% a year by longs |
| Entry reference price | $0.5367, the perp's latest price | $0.5367, the perp's latest price |
Why this could be wrong
One busy day says nothing about the next one, and the data shows what moved, not why.
The yearly rate is today's pace, not a locked-in cost. No cause for the surge is known from this data.
What happens next
The last 24 hours brought $197.1 million in turnover across the comparison venues.
At 7 p.m. Eastern Time (ET) Sunday, a new calendar day begins on the exchange clock. If rolling turnover falls below $31.6 million, it will be below the recent median.