Jupiter (JUP) perpetual futures
JUP perpetual contracts on 8 reviewed venues.
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Funding rates
Annualized rates across exchanges
PhemexCEX
dYdXDEX
BinanceCEX
BybitCEX
OKXCEX
BitgetCEX
MEXCCEX
Open interest
Per-exchange open interest
HyperliquidBybitBitget
KuCoinOKXPhemexWhat the JUP data shows
Funding direction differs by venue: longs pay on Phemex, BloFin, and 13 more; longs receive on Deribit, Aster, and 4 more. The rates run from +45.21% a year on Phemex to -68.55% on Kraken.
Phemex quoted JUP at $0.3212 and HTX at $0.3198, a gap of 43.8 bps.
No venue holds half of the $46.5m in reported JUP open interest. Hyperliquid has the largest share, 31.9%, and Bybit is next with 24.4%.
CoinGecko ranked JUP number 77 by market value on October 3, 2026, at $1.04b. Its price fell 9.0% in the 7 days before that date. The open interest in this read equals 4.4% of that value.
The JUP settlement periods differ: 13 venues settle every 4 hours; 4 venues settle every hour.
- Source: public APIs of 21 venues for JUP, read at October 3, 2026, 10:48 UTC.
- Market value: CoinGecko snapshot of October 3, 2026.
Where to Trade Jupiter (JUP) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm JUP limits with the venue.
Jupiter (JUP) market overview
JUP perps represent the Jupiter protocol's position as Solana's dominant DEX aggregator and liquidity hub. Jupiter routes the majority of Solana token swaps, operates Jupiter Perps as a standalone derivative product, and governs its ecosystem through the JUP token.
Trading JUP perps means taking a view on whether Jupiter maintains that aggregation dominance as Solana's DeFi ecosystem grows.
Venue depth and the Solana DEX overlap
Binance, Bybit, and OKX all quote JUP perps, and Hyperliquid lists the pair on-chain. A notable structural feature: Jupiter Perps itself is one of the venues PerpFinder tracks for perp data — meaning Jupiter is simultaneously a perp venue and a perp-tradeable asset.
Traders who hold JUP positions are long the protocol that generates fee revenue from other traders on the platform.
Coinalyze's JUP open interest data shows OI that tracks Solana ecosystem cycles closely. Binance runs the deepest JUP book, and Bybit is competitive for standard position sizes.
Funding dynamics and Solana DeFi activity
JUP funding is positively correlated with Solana swap volume. When Solana DeFi activity is elevated — during memecoin cycles, new protocol launches, or high-speed market volatility — Jupiter's fee revenue grows and traders price this into JUP perp longs.
JUP funding runs above SOL funding during peak Solana activity, because JUP carries the more leveraged version of the same trade.
The JLP pool, which backs Jupiter Perps' liquidity, also affects JUP sentiment. Strong JLP performance signals healthy perp trading volume on Jupiter, which reinforces positive JUP funding. DefiLlama's Jupiter data tracks protocol fees and TVL.
Risks for JUP perp holders
JUP carries competition risk from other Solana aggregators and from direct-to-AMM routing improvements. If a competing aggregator captures meaningful swap volume, Jupiter's fee revenue declines. The token also has ongoing vesting from the initial allocation. Track JUP versus SOL funding spread using the funding rates tool and review the cost comparison tool before entering.
Frequently Asked Questions — Jupiter (JUP)
What funding data is available for JUP?
21 venues report a JUP funding rate in this read.
An annualized JUP rate extrapolates one reading and does not predict a return.
What open interest data is available for JUP?
16 venues report positive JUP open interest in this read.
The JUP total leaves out venues outside the read.
Which mapped venue has the lowest recorded JUP taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 6 mapped JUP maker/taker schedules.
2 JUP venues charge a position fee and are not compared.
Category: DeFi