Jupiter Perps Review
Fees documented, core program closed
of 10
Jupiter Perps publishes a 0.06% base fee to open and close, a price-impact fee on imbalanced open interest, and an hourly borrow fee in place of funding. Liquidation forfeits remaining collateral to the JLP pool. The core program is not published and no audit could be verified.
No money changes hands. This is a non-commercial project: no advertising, no sponsored placements, and no affiliate or referral links. Links to the services below earn us nothing. Every overall score is the plain average of the criteria shown on the page, so you can check the arithmetic yourself — see our rating methodology and how the site is funded.
Base fee
0.06% to open and 0.06% to close
Funding
Hourly borrow fee, based on utilisation, compounds hourly
Swap fee
10 bps non-stables, 2 bps stables
Liquidation
Remaining collateral forfeited to JLP
Core licence / audits
Not verified
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (8.0 + 6.0 + 1.0 + 2.0 + 6.0) ÷ 5 = 4.6.
Pros
- Base fee published at 0.06% of trade size to open and close
- Uses an hourly borrow fee based on utilisation, documented as compounding hourly
- Swap fees published: 10 bps non-stables, 2 bps stables
- Liquidation consequence stated plainly: remaining collateral is forfeited to the JLP pool
Cons
- The core on-chain perpetuals program is not published as an official open-source repository
- No audit could be verified from an official page
- The specific maintenance-margin percentage is not stated on the fee page
Fees and borrow costs are clear
Jupiter Perps publishes a 0.06% base fee to open and to close, a price-impact fee that applies when open interest is imbalanced beyond a threshold, and an hourly borrow fee based on utilisation and position size in place of a conventional funding rate. Liquidation forfeits all remaining collateral to the JLP liquidity pool, which is stated plainly.
The core is not published
What is missing is the code. No repository containing the core on-chain perpetuals program appears on the official organisation, and no audit could be verified from an official page. As with Jupiter's spot aggregator, the routing and execution logic is the part a user might most want to inspect, and it is precisely the part not available. Zero-fee spot and a closed perps engine can both be true; this criterion scores what can be read, and the licence mark reflects a core that cannot be.
How it compares
Drift
Apache-2.0 core; live docs now serve a fork
Gains Network
Granular fee schedule, core licence unconfirmed
Paradex
Low maker fee published, wider docs unreachable
Aevo
Fees and liquidation tiers published, code unverified
Orderly Network
Apache-2.0 core with three named auditors
Ostium
MIT-licensed with six named audit reports
GMX
Imbalance-based fees, five named auditors
dYdX
AGPL-licensed core with a published liquidation cap
Hyperliquid
Hourly funding and liquidations documented in full
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Jupiter Perps — fees — checked
- 2.Jupiter Perps and JLP — overview — checked
Frequently asked questions
What does Jupiter Perps charge?
A base fee of 0.06% to open and 0.06% to close, plus a price-impact fee on imbalanced open interest and an hourly borrow fee based on utilisation.
Is Jupiter Perps open source?
The core on-chain perpetuals program is not published as an official open-source repository, and no audit could be verified from an official page.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.