Aster vs Kalshi
Aster traded 1.7× Kalshi's 24-hour volume ($2.25B vs $1.34B) and holds 16× its open interest.
Head to head
the arrow points to the better figure| Aster | Kalshi | |
|---|---|---|
| Trading | ||
| $8.02 | ◀BTC trade, $10k | $12.26 |
| $1,124 | ◀BTC trade, $1M | $1,717 |
| $39.6M | ◀BTC book depth | $5.9M |
| 0.040%/0.000% | Taker / maker≈ | 0.040%/0.020% |
| 300x | ◀Max leverage | 15x |
| Size | ||
| $2.25B | ◀Volume 24h | $1.34B |
| $1.68B | ◀Volume, 7-day average | $1.06B |
| $1.37B | ◀Open interest | $87.9M |
| $505.4M | TVL | — |
| Markets | ||
| 599 | ◀Markets | 71 |
| 146 | ◀Stocks & RWA | 67 |
| 1h or 4h or 8h | Funding paid every | 8h or 24h |
| +0.0100% | BTC funding /8h | +0.0297% |
| +0.575% | BTC longs paid, 30d | +1.464% |
| Access | ||
| No ID | ◀KYC | Required |
| $ASTER | Token | none yet |
| Stage 5 | Airdrop | Not active |
Cost to trade BTC
| Size | Aster | Kalshi |
|---|---|---|
| $1k | $0.808.0 bp | $0.878.7 bp |
| $10k | $8.028.0 bp | $12.2612.3 bp |
| $100k | $91.189.1 bp | $14314.3 bp |
| $1M | $1,12411.2 bp | $1,71717.2 bp |
| $5M | $9,16418.3 bp | $17,48835.0 bp |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 57
funding /8h · Net 7d at $10k| Asset | Aster | Kalshi | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0297% | +0.0197% | −$21 |
| ETH | +0.0100% | +0.0171% | +0.0071% | −$27 |
| SOL | +0.0100% | 0.0000% | +0.0100% | +$3 |
| HYPE | +0.0100% | 0.0000% | +0.0100% | −$41 |
| XRP | +0.0100% | +0.0336% | +0.0236% | $0 |
| ZEC | +0.0100% | −0.0236% | +0.0336% | −$7 |
| NEAR | +0.0100% | +0.0175% | +0.0075% | −$77 |
| BNB | +0.0100% | +0.0398% | +0.0299% | −$20 |
| SUI | +0.0100% | 0.0000% | +0.0100% | −$32 |
| DOGE | +0.0100% | 0.0000% | +0.0100% | −$17 |
| BCH | +0.0100% | 0.0000% | +0.0100% | −$14 |
| LINK | +0.0100% | +0.0225% | +0.0125% | +$116 |
| LTC | +0.0100% | −0.0220% | +0.0320% | −$22 |
| WLD | −0.0021% | −0.0110% | +0.0089% | −$45 |
| ADA | +0.0100% | 0.0000% | +0.0100% | −$5 |
| UNI | +0.0100% | 0.0000% | +0.0100% | −$158 |
| AAVE | +0.0100% | 0.0000% | +0.0100% | −$21 |
| SHIB | +0.0100% | −0.0143% | +0.0243% | −$8 |
| VVV | −0.0134% | 0.0000% | +0.0134% | −$82 |
Only on Aster: 512
ASTER · CL · WLFI · SKHYNIX · SOXL · LIT · KITE · GPRO · BZ · BULLA · PREDICT · KORU · SYN · IDOL · AVAX · AGT · CAKE · ACN · TAO · MOONSHOT · AIN · BNC · OURA · EVAA · BIANRENSHENG · SQQQ · CRCL · LYN · PAXG · JCT · ATOM · OPENAI · XMR · LUMIA · STRC · BAT · DOT · MSTR · FF · PLAY · GRAM · ETC · DNA · TRX · PEPE · ZEREBRO · XLM · NATGAS · COIN · B · UNITREE · LONGXIA · PUMP · ESPORTS · ONDO · ENA · MAGMA · XNY · EWY · HUMA · and 452 more
Questions
Is Aster or Kalshi cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.02 on Aster and $12.26 on Kalshi right now, taker fee and order-book slippage together, so Aster is cheaper. Taker fees: 0.04% and 0.04%.
Which has more markets, Aster or Kalshi?
Aster lists 599 active markets and Kalshi 71; 57 assets trade on both, 38 of them stocks, commodities or other real-world assets.
Does Aster or Kalshi require KYC?
Aster: No ID to trade (the terms keep a right to limited checks); not for the US, Canada, the UK, China, Russia, Ukraine or sanctioned countries. Kalshi: A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Can you arbitrage funding between Aster and Kalshi?
Yes: 3 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was LINK, long on Aster and short on Kalshi, with $116 left after costs.
Which is bigger, Aster or Kalshi?
24-hour volume: Aster $2.25B, Kalshi $1.34B. Open interest as each reports it: $1.37B and $87.9M. TVL: $505.4M and none published.