Side-by-side comparison of two perpetual futures exchanges — updated in real time.
Jupiter Perps and GMX v2 are both oracle-based perp platforms, but they operate on different chains with different pool models. Jupiter uses JLP on Solana, GMX v2 uses isolated GM pools on Arbitrum.
Both platforms use oracle pricing rather than orderbooks, but their implementations differ. Jupiter Perps uses a single JLP pool as counterparty for 10 major pairs on Solana with 100x leverage and a 0.06% taker fee. GMX v2 uses isolated GM pools per market on Arbitrum with 113 markets, 100x leverage, and fees of 0.04% maker / 0.06% taker. Both match on maximum leverage and taker fee rate. GMX v2 offers 11x more markets and isolated risk across pools, while Jupiter concentrates all liquidity in JLP. GMX v2's multi-collateral support (USDC, USDT, ETH, BTC) is a major advantage over Jupiter's USDC/SOL. Jupiter's strength is the simplest UX in the perp DEX space and access to Solana's massive user base through the Jupiter aggregator. Both platforms offer LP yield: JLP for Jupiter and GM pools for GMX v2. GMX v2 has been battle-tested since August 2023 with the GMX brand dating back to 2021.
Choose Jupiter Perps for the simplest oracle-based perp trading experience with Solana ecosystem access. Choose GMX v2 for 11x more markets, isolated risk pools, multi-asset collateral, and deep Arbitrum DeFi composability.
