Head to head
the arrow points to the better figure| Aster | Paragon | |
|---|---|---|
| Trading | ||
| $8.02 | BTC trade, $10k | — |
| $1,124 | BTC trade, $1M | — |
| $39.6M | BTC book depth | — |
| 0.040%/0.000% | Taker / maker▶ | 0.009%/0.003% |
| 300x | ◀Max leverage | 20x |
| Size | ||
| $2.25B | ◀Volume 24h | $9.5M |
| $1.68B | ◀Volume, 7-day average | $5.0M |
| $1.37Bone side | Open interest | $15.1Mlongs + shorts |
| $505.4M | TVL | — |
| Markets | ||
| 599 | ◀Markets | 33 |
| 146 | ◀Stocks & RWA | 32 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | — |
| +0.575% | BTC longs paid, 30d | — |
| Access | ||
| No ID | KYC | No ID |
| $ASTER | Token | none yet |
| Stage 5 | Airdrop | — |
DRV funding per day
pair pageVolume by asset class
last 90 daysOn both: 10
funding /8h · Net 7d at $10k| Asset | Aster | Paragon | Spread | Net 7d |
|---|---|---|---|---|
| DRV | +0.0100% | −0.0607% | +0.0707% | — |
Only on Aster: 559
BTC · ETH · SOL · ASTER · XAU · XRP · XAG · CL · MU · SPCX · WLFI · SNDK · SKHYNIX · SOXL · ZEC · LIT · HYPE · KITE · BNB · GPRO · BZ · BULLA · DOGE · META · PREDICT · KORU · NEAR · SYN · IDOL · AVAX · INTC · AGT · CAKE · ACN · TAO · MOONSHOT · AIN · BNC · OURA · QQQ · LTC · EVAA · BIANRENSHENG · SQQQ · CRCL · NVDA · LYN · SUI · PAXG · LINK · JCT · ATOM · OPENAI · XMR · LUMIA · STRC · BAT · DOT · WLD · MSTR · and 499 more
Questions
Which has more markets, Aster or Paragon?
Aster lists 599 active markets and Paragon 33; 10 assets trade on both, 9 of them stocks, commodities or other real-world assets.
Does Aster or Paragon 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. Paragon: No ID, traded through Hyperliquid front ends; not for US persons or a long list of restricted countries, VPNs forbidden.
Can you arbitrage funding between Aster and Paragon?
Not profitably right now: none of the 10 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Aster or Paragon?
24-hour volume: Aster $2.25B, Paragon $9.5M. Open interest as each reports it: $1.37B and $15.1M. Paragon reports open interest as longs plus shorts, both sides of every position; Aster reports one side. For the same positions Paragon's figure reads about twice as large. TVL: $505.4M and none published.