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Hyperliquid vs Ostium
Which platform is better for trading stock perps? Here's how Hyperliquid and Ostium stack up on fees, leverage, selection and 24/7 access.
Hyperliquid
4.9
The largest on-chain perpetuals exchange.
Deepest liquidity of any on-chain perp DEX
Fast order book with pro-grade tooling
Growing list of stock perps via HIP-3 builder markets
Charges maker/taker fees
Equity leverage capped lower than crypto
Ostium
4.2
RWA perpetuals with up to 200x leverage.
Very high leverage (up to 200x)
Broad real-world-asset coverage
Great for macro and commodities plays
Charges trading fees
Higher leverage means higher risk
Feature-by-feature comparison
| Feature | Hyperliquid | Ostium |
|---|---|---|
| Fees | Low maker/taker fees | Has trading fees |
| Max leverage | Up to 20x (equities) | Up to 200x |
| Selection | Wide selection incl. stock perps (via HIP-3) | RWAs, commodities & stock perps |
| Chain / venue | Hyperliquid L1 | Arbitrum |
| Best for | Deep liquidity and pro tooling | Macro & high-leverage market views |
| US Stock Perps | ||
| Zero Fees | ||
| High Leverage (50x+) | ||
| 24/7 Trading | ||
| No KYC | ||
| Rating | 4.9 | 4.2 |
The verdict
Hyperliquid edges out Ostium for most stock-perp traders thanks to its feature set and deep liquidity and pro tooling. Choose Ostium if you specifically need macro & high-leverage market views.