GMX vs Jupiter Perps
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
| Line | GMX | Jupiter Perps |
|---|---|---|
| 30-day volume | #P07 · $22,518.0MEdge | #P10 · $6,207.0M |
| Trading fees | 0.04% to 0.06% per open or closeThere is no maker/taker split: the position fee is 0.04% when your trade reduces the imbalance between long and short open interest and 0.06% when it increases it, charged on open, close, increase and decrease. TradFi markets have their own rates (GOLD, SILVER and oil trade at 0.01%/0.02% during on-hours). Price impact, hourly borrow fees and swaps are billed on top.Edge | 0.06% per open or closeNo order book and no maker/taker split on the JLP markets (SOL, ETH, wBTC): a 0.06% base fee is charged on open and on close, plus a price-impact fee that grows with the clip and with the imbalance of open interest, an hourly borrow fee, and a swap fee of 10 bps (2 bps on stablecoins) when the input token has to be converted. Beta markets charge a taker or maker fee per order plus an hourly funding rate instead. |
| New-user perk | 5% or 10% off opening and closing fees depending on the tier of the code you useEdge | None documented |
| Max leverage | up to 100× | up to 250×Edge |
| Perp markets | 132Edge | 9 |
| Identity check | No KYC | No KYC |
| Custody | Non-custodial, wallet only | Non-custodial, Solana wallet |
| Settles on | Arbitrum (GMX V2 contracts) | Solana |
| Collateral | USDC, USDT, WETH | USDC, SOL, wETH, wBTC |
| Where it runs | Web | Web, iOS, Android |
| Chains | EVMArbitrum, Avalanche, MegaETH, Ethereum, Base, BNB ChainEdge | SolanaSolana |
| Documented features | 4 of 10 | 6 of 10Edge |
| Order book | No | Not documented |
| Cross margin | Not documented | Not documented |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Yes |
| Copy trading | Not documented | Not documented |
| Stocks, gold or forex | Yes | Yes |
| Points program | No | Yes |
| API | Yes | Yes |
| Mobile app | Not documented | Yes |
| Telegram bot | Not documented | No |
Which one should you pick?
Pick GMX if
You want oracle pricing with no spread hunting, on Arbitrum, and you trade the lighter side of the market.
GMX prices trades against pooled liquidity and Chainlink oracles rather than a book, so its cost structure looks like a swap: an open/close fee that varies with the balance of open interest, plus borrow and price impact. It is the cheapest venue in the series for a trader who systematically takes the lighter side.
app.gmx.io
Pick Jupiter Perps if
You already live in the Jupiter ecosystem and want perps without leaving the app or the mobile client.
Perps are one tab inside the largest Solana app: three markets trade against the JLP pool, with leverage up to 250x, and six Beta markets add JUP, HYPE, ZEC and tokenised stocks. The 0.06% base fee is the highest of the series, and borrow fees keep accruing while a position is open.
jup.ag
