What it does
Jupiter Perps contains two trading models inside one product. SOL, ETH and wBTC positions trade against the JLP liquidity pool. Newer Beta markets use the GUM orderbook engine, USDC collateral and hourly funding. Treating every Jupiter market as the same pool product would miss a meaningful difference.
For a position you intend to hold, first identify which engine runs that market. JLP markets charge borrowing costs, while Beta markets have funding and maker/taker pricing. JLP holders supply the other side of the pool markets and carry asset and trader-PnL exposure.
Where it stands out
- Perpetuals sit beside Jupiter’s broader Solana trading tools.
- Documentation distinguishes JLP mechanics from the new orderbook product.
What you can do
- 01JLP-backed SOL, ETH and wBTC markets
- 02GUM-powered Beta markets
- 03Limit orders, take profit and stop loss
Who’s behind it
Jupiter contributors develop the product within the wider Jupiter ecosystem. The reviewed product pages explain the trading architecture but do not identify a separate Perps operating team.
Fees & availability
Fees and costs
JLP markets combine base, borrowing and price-impact fees. Beta markets have their own maker/taker fees and hourly funding; compare the market-specific rules.
Eligibility and availability
Beta-market access and leverage limits differ from the established JLP markets. Pool returns and leveraged trading results are variable; check eligibility and live market availability.