Side-by-side comparison of two perpetual futures exchanges — updated in real time.
Jupiter Perps and dYdX represent Solana oracle pricing versus a sovereign chain orderbook. Jupiter offers simplicity and the Solana ecosystem, while dYdX provides a fully decentralized orderbook with 188 markets.
Jupiter Perps operates on Solana with oracle-based pricing through the JLP pool, listing 10 major pairs with 100x leverage, zero maker fees, and a 0.06% taker fee. dYdX runs a fully decentralized orderbook on its own Cosmos L1 chain with 188 markets, 25x leverage, maker rebates of 0.011%, and a 0.03% taker fee. dYdX offers dramatically more markets (188 vs 10) and lower taker fees (0.03% vs 0.06%). Jupiter Perps' advantage is its integration with Solana's largest aggregator, providing access to millions of users and an exceptionally simple trading UX. Jupiter's oracle model means zero slippage on the 10 supported pairs, while dYdX's orderbook depth determines fill quality. dYdX's sovereign chain requires bridging through Cosmos, which adds friction. Both accept USDC, with Jupiter also accepting SOL. Jupiter's JUP token benefits from the broader Jupiter ecosystem including swaps and LSTs, while dYdX's token is focused on its perp trading platform.
Choose Jupiter Perps for the simplest Solana trading experience with zero-slippage oracle execution on major pairs. Choose dYdX for 18x more markets, lower taker fees, maker rebates, and passive yield through MegaVault (~20% APR).
