Hyperliquid vs Jupiter Perps
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 13 differences
| Line | Hyperliquid | Jupiter Perps |
|---|---|---|
| 30-day volume | Edge#01 · $204,136.0M | #10 · $6,207.0M |
| Trading fees | Edge0.045% taker · 0.015% makerSeven tiers on 14-day weighted volume: 0.045%/0.015% below $5M, 0.040%/0.012% above $5M, 0.035%/0.008% above $25M, 0.030%/0.004% above $100M, 0.026%/0% from $2B. Maker rebates are paid on each trade. Spot volume counts double toward the tier. | 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 rises further when your trade increases the recent long/short imbalance on the asset above a threshold, an hourly borrow fee, and a swap fee of 10 bps (2 bps between two 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 | Edge4% off fees on your first $25M of volume | None documented |
| Max leverage | up to 40× | Edgeup to 250× |
| Perp markets | Edge234 | 9 |
| Identity check (KYC) | No KYC | No KYC |
| Custody | Non-custodial: positions signed from your wallet | Non-custodial, Solana wallet |
| Settles on | HyperCore (L1 Hyperliquid) | Solana |
| Collateral | USDC | USDC, SOL, wETH, wBTC |
| Where it runs | Web | Web, iOS, Android |
| Chains | EdgeEVMArbitrum, HyperEVM | SolanaSolana |
| Documented features | Edge7 of 10 | 6 of 10 |
| Order book | Yes | Not documented |
| Cross margin | Yes | 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 | Yes | Yes |
| Telegram bot | No | No |
Which one should you pick?
Pick Hyperliquid if
You want deep liquidity, low fees and a public fee ladder you can plan around.
The deepest perp book in the set by an order of magnitude ($204B over 30 days) and the cheapest base tier, at 0.045% taker and 0.015% maker. Everything settles on Hyperliquid's own L1, with USDC arriving mainly through Circle's CCTP from Arbitrum.
Read the Hyperliquid reviewapp.hyperliquid.xyz
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 stock perps. The 0.06% base fee is the highest of the series, and borrow fees keep accruing while a position is open.
Read the Jupiter Perps reviewjup.ag
