Home/Jupiter Perpetuals
Solana DeFi Superapp

Jupiter Perpetuals — 100x Leverage on Solana

Trade BTC, ETH, and SOL perpetuals with up to 100x leverage on Jupiter\'s LP-to-trader perp exchange — oracle-priced, non-custodial.

Open jup.ag Explore →
jup.ag // stats Live
DEX Market Share~95% Solana
Total TVL$3.5B
DEXes Aggregated50+
Max Leverage (Perps)100x
Lend TVL (8 days)$1B+
JupSOL APY~7.5%
JUP Revenue Share50% buyback
Solana Validator#2 by stake
Swap FeesZero (standard)
About

Jupiter Perpetuals

Jupiter Perpetuals is a decentralized perpetuals exchange built on Solana using an LP-to-trader model. Rather than peer-to-peer trading, traders take positions against Jupiter's liquidity pools (JLP). Oracle pricing from Pyth ensures accurate mark prices independent of on-chain liquidity depth. Markets include BTC-PERP, ETH-PERP, and SOL-PERP with leverage up to 100x.

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]
⚡
Up to 100x Leverage
Long or short BTC, ETH, SOL with up to 100x leverage on-chain.
[02]
🏊
LP-to-Trader Model
You trade against Jupiter\'s liquidity pools, not peer-to-peer order books.
[03]
🔮
Oracle Pricing
Pyth oracle pricing for accurate mark prices — resistant to manipulation.
[04]
💰
JLP Liquidity
Provide liquidity to Jupiter Liquidity Pool (JLP) to earn trading fees.
[05]
📊
Funding Rates
Funding rates balance long/short positions — check before opening large positions.
[06]
⚠️
Liquidation Risk
Positions are liquidated when losses approach collateral value. Understand before trading.
Guide

How to Use Jupiter Perpetuals

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

01

Navigate to Perp Tab

On jup.ag, click the "Perp" or "Trade" tab in the main navigation.

02

Select Market

Choose BTC-PERP, ETH-PERP, or SOL-PERP.

03

Choose Direction

Long (bet price goes up) or Short (bet price goes down).

04

Set Position Size and Leverage

Enter the collateral amount and your chosen leverage (1x to 100x). The interface shows your liquidation price — memorize it.

05

Monitor Actively

After opening, watch your position\'s PnL and liquidation distance. During volatile markets, positions can liquidate rapidly at high leverage.

Best Swap Prices on Solana

95% of Solana DEX aggregator volume routes through Jupiter. Get the best price every time at jup.ag.

Open jup.ag →
FAQ

Questions About Jupiter Perpetuals

How does Jupiter Perps work?
+
Jupiter Perps uses an LP-to-trader model where traders take positions against Jupiter\'s JLP liquidity pools. Positions are marked using Pyth oracle prices. When you profit, JLP pays you. When you lose, your collateral goes to JLP. Liquidation occurs when losses consume your collateral.
What is the liquidation price on Jupiter Perps?
+
The liquidation price is shown when you open a position — it is the price at which your collateral is consumed by losses. At 100x leverage, a 1% price move against you can liquidate the position. Higher leverage means closer liquidation prices.
What is the JLP token?
+
JLP is Jupiter\'s liquidity provider token for the perpetuals exchange. By depositing into JLP, you become the counterparty to traders. JLP earns a share of trading fees. When traders lose on average, JLP gains; when traders profit on average, JLP loses.
What fees does Jupiter Perps charge?
+
Jupiter Perps charges: (1) open/close fee (0.06% each), (2) funding rates (paid between longs and shorts based on imbalance), (3) borrow fee (based on leverage and utilization). Check the fee breakdown in the perp interface before opening.
Is 100x leverage safe on Jupiter?
+
No leverage is "safe" — but 100x is extremely high risk. A 0.5% adverse move liquidates a 100x position after fees. Most experienced traders use 5-20x maximum and actively manage their positions. Never trade with money you cannot afford to lose.
Reviews

Trader Reactions

Perps Trader
★★★★☆

"Jupiter Perps execution is excellent — Pyth oracle pricing means I am not getting gapped by on-chain liquidity manipulation. Fees are competitive. Use 10-20x max and actively manage risk."

Risk Warning Confirmer
★★★★★

"Had a position liquidated at 50x leverage during a flash move. The guide is correct about understanding liquidation prices. Now use 10x maximum and keep 50% distance to liquidation. Lesson learned."

JLP Holder
★★★★★

"Providing liquidity to JLP is the other side of this trade — I earn fees from all the traders using perps. In trending markets JLP underperforms; in choppy markets it excels. Good diversifier."

Ready for Solana DeFi?

Swaps, limit orders, DCA, 100x perps, lending, and JupSOL staking — all at jup.ag.

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