Jupiter Perps vs Backpack Exchange
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 13 differences
| Line | Jupiter Perps | Backpack Exchange |
|---|---|---|
| 30-day volume | Edge#10 · $6,207.0M | #13 · Not tracked |
| Trading fees | 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. | Edge0.05% taker · 0.02% makerBackpack documents one tier table covering spot and perpetual futures, sorted by 30-day volume, with tiers recalculated every hour and the effective tier driven by whichever is highest between BP staking, volume and pre-TGE Mad Lad NFT holdings. The base tier is 0.02% maker and 0.05% taker on futures, higher tiers are cheaper according to the published table, which the support site now gives as text; the USDT/USDC pair is charged 0% and does not count toward tiers. |
| New-user perk | None documented | EdgeFee rebates on referred accounts |
| Max leverage | Edgeup to 250× | up to 75× |
| Perp markets | 9 | Edge103 |
| Identity check (KYC) | EdgeNo KYC | KYC required |
| Custody | Non-custodial, Solana wallet | Custodial: your balances sit on the exchange, wallet is a separate product |
| Settles on | Solana | Backpack Exchange (centralised matching) |
| Collateral | USDC, SOL, wETH, wBTC | USDC, USDT |
| Where it runs | Web, iOS, Android | Web, iOS, Android |
| Chains | SolanaSolana | EdgeSolana · EVM · Bitcoin · SuiSolana, Ethereum, Arbitrum, Base, Polygon, Avalanche, Bitcoin, Sui |
| Documented features | 6 of 10 | Edge8 of 10 |
| Order book | Not documented | Yes |
| Cross margin | Not documented | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Yes |
| Copy trading | Not documented | Not documented |
| Stocks, gold or forex | Yes | Yes |
| Points program | Yes | Yes |
| API | Yes | Yes |
| Mobile app | Yes | Yes |
| Telegram bot | No | Not documented |
Which one should you pick?
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
Pick Backpack Exchange if
You want a CEX-style experience with unified portfolio margin, stocks next to perps, and a referral that pays in cash.
One of the two centralised venues of the series, with Bybit, so you give up custody: accounts are KYC-verified, balances sit on the exchange and the 10% referral rebate is paid on trading fees rather than points. Backpack also lists US stocks and ETFs next to 103 perpetual markets.
Read the Backpack Exchange reviewbackpack.exchange
