Jupiter Perpetuals

About

Jupiter Perpetuals is the largest decentralized perpetuals exchange on Solana, operating on an LP-to-trader model where all positions are taken against Jupiter's JLP (Jupiter Liquidity Pool). Traders access leverage up to 100x on BTC, ETH, and SOL markets with oracle-based pricing from Pyth Network — eliminating the manipulation risk of purely on-chain price discovery.

95%

DEX Agg. Market Share

$3.5B

Total TVL

50+

DEXes Aggregated

100x

Max Perp Leverage

$1B

Lend TVL (8 days)

~7.5%

JupSOL APY

Features

Why Jupiter Dominates Solana

From best-price swaps to 100x perps — the full DeFi superapp stack at jup.ag.

[01]

📈

BTC/ETH/SOL Markets

Perpetual contracts on the three largest crypto assets with deep liquidity.

[02]

⚡

100x Max Leverage

Up to 100x leverage — for experienced traders who understand liquidation risk.

[03]

🏊

JLP Pool

Liquidity provided by JLP holders — earn fees by providing liquidity to the pool.

[04]

🔮

Pyth Oracles

Oracle-based pricing from Pyth Network for accurate mark prices.

[05]

💸

Competitive Fees

0.06% open/close. Funding rates based on long/short imbalance.

[06]

📊

Transparent PnL

Real-time position tracking with unrealized PnL, liquidation price, and funding costs.

Guide

How to Use Jupiter Perpetuals

Step-by-step from wallet connection to advanced DeFi strategies.

01

Go to jup

ag and select the Perp/Trade tab.

02

Select your market: BTC-PERP, ETH-PERP, or SOL-PERP

03

Enter your collateral amount and choose leverage

Verify the liquidation price shown.

04

Select Long (bullish) or Short (bearish) and click Open Position

05

Monitor your position actively — set price alerts for your liquidation level

FAQ

Questions About Jupiter Perpetuals

What is the JLP token?

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JLP (Jupiter Liquidity Pool) token represents your share of Jupiter\'s perpetuals liquidity pool. By holding JLP, you earn a portion of all trading fees from Jupiter Perps. JLP is the counterparty to all traders.

What are Jupiter Perps funding rates?

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Funding rates are paid between longs and shorts based on the imbalance of open positions. When more longs than shorts, longs pay shorts (and vice versa). This balances the open interest over time.

Is Jupiter Perps better than dYdX or GMX?

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Jupiter Perps is best for Solana-native traders due to speed and lower fees. dYdX (now on its own chain) and GMX (Arbitrum) are Ethereum ecosystem alternatives with different liquidity profiles. For Solana users, Jupiter Perps is the clear choice.

What happens when a position is liquidated on Jupiter?

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When your position losses approach your collateral, Jupiter\'s liquidation keepers close the position. Remaining collateral above the minimum is returned to you. At 100x leverage, this can happen with very small price moves.

Can I provide liquidity to Jupiter Perps?

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Yes. Buy JLP tokens to provide liquidity to the Jupiter Perps pool. You earn trading fees from all perp activity. JLP value depends on the net PnL of traders using the pool against you.

Reviews

Trader Reactions

Perp Trader

★★★★★

"Jupiter Perps fees are among the lowest in DeFi for perpetuals. Oracle pricing removes the on-chain liquidity manipulation risk I had on other perp DEXes. Still use leverage carefully."

JLP Provider

★★★★★

"Been holding JLP for 8 months. Earned consistent fees from perp trading activity. JLP performs best in sideways markets when traders lose more than they gain. Good complement to directional positions."

Comparison Shopper

★★★★☆

"Tested Jupiter Perps vs Drift vs Zeta on Solana. Jupiter has the most liquidity and most reliable oracle execution. Fees are comparable across protocols. Jupiter wins on overall reliability."

Jupiter Perpetuals — On-Chain Leverage Trading