24h Volume
$155M
+73.0% 24hOpen Interest
$81.2M
Fee
Mar 2026 — May 2026 · 83 days
Perpetual trading on Jupiter, Solana's leading aggregator. Uses oracle pricing with JLP pool as counterparty.
$JUP
Launched (Jan 2024)
40%
JUP token launched Jan 2024. Jupuary 2026 completed — 200M JUP distributed with 50M bonus pool. Active Staking Rewards (ASR) ongoing for staked JUP holders.
Annual (January — "Jupuary")
Jupuary 2026 completed. ASR ongoing.
Jupiter Perps is the perpetual futures trading arm of Jupiter, Solana's largest DEX aggregator and one of the most widely used DeFi applications in crypto. Launched in September 2023, it leverages Jupiter's massive existing user base to provide accessible leveraged trading with a minimal learning curve.
The platform uses oracle-based pricing through the JLP (Jupiter Liquidity Provider) pool, which acts as counterparty to all trades. This model eliminates slippage on the 10 supported major pairs — including BTC, ETH, SOL, and other large-cap assets — as long as trades fall within pool capacity. The taker fee is 0.06% with zero maker fees.
Jupiter Perps offers up to 100x leverage and accepts both USDC and SOL as collateral. Its integration into the broader Jupiter ecosystem — which includes swap aggregation, limit orders, DCA, and bridge services — means traders can seamlessly move between different financial activities. The JLP pool offers yield to liquidity providers, funded by trading fees and trader losses.
The JUP token launched in January 2024 with a 40% community allocation. Annual "Jupuary" airdrops distribute tokens to active users, with Jupuary 2026 distributing 200 million JUP plus a 50 million bonus pool. Active Staking Rewards (ASR) provide ongoing yield for staked JUP holders, and governance votes shape protocol direction.
Jupiter Perps is ideal for Solana users who want the simplest possible perpetual trading experience on major pairs, backed by the deepest user base in the Solana DeFi ecosystem.
Hyperliquid and Jupiter Perps operate on completely different models — Hyperliquid uses an on-chain orderbook on its own L1, while Jupiter leverages oracle-based pricing on Solana with the JLP pool as counterparty.
Aster and Jupiter Perps offer contrasting experiences: Aster is a feature-rich orderbook DEX with 302 markets on BNB Chain, while Jupiter is a streamlined oracle-based perp platform on Solana focused on major pairs.
edgeX and Jupiter Perps differ in chain, architecture, and scope. edgeX runs a low-latency orderbook on Ethereum L2, while Jupiter Perps provides oracle-based perps integrated into Solana's leading aggregator.
Lighter and Jupiter Perps both offer zero maker fees, but they operate on entirely different chains and models. Lighter runs a fee-free orderbook on Ethereum L2, while Jupiter uses oracle pricing on Solana.
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 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.
Jupiter Perps and Drift are both leading Solana perp platforms but offer very different experiences. Jupiter focuses on simplicity with 10 oracle-priced pairs, while Drift provides a full DeFi suite with 53 markets.
Jupiter Perps and SynFutures represent different chains and models: Jupiter's Solana oracle-based simplicity versus SynFutures' innovative Oyster AMM with permissionless markets on Base.
Jupiter Perps and ApeX differ in chain, model, and scope. Jupiter provides streamlined Solana oracle perps, while ApeX offers a traditional orderbook experience on Ethereum L2 via StarkEx.
Jupiter Perps and Gains Network offer complementary strengths: Jupiter provides clean, focused crypto perp trading on Solana, while Gains Network delivers the broadest asset coverage with forex, stocks, and commodities.
