Compare

Drift vs Jupiter Perps

Drift is merged (Drift was exploited for more than $280M on April 1, 2026 and has not operated since; the Drift program is paused. The team relaunched as Velocity, a new fork of Drift v2 with a new program ID, USDT instead of USDC as quote asset, and no onchain state carried over. Velocity removed its whitelist on Sept 21, 2026. Fees and referral data below are Velocity's.). Drift is cheaper: a $1,000 buy-and-sell costs $1.14 in platform fees vs $1.20 on Jupiter Perps. Pick Drift if you are former Drift users and Solana perps traders evaluating Velocity, the post-exploit relaunch of Drift. Pick Jupiter Perps if you are solana users already on Jupiter who want high-leverage SOL, ETH or BTC perps against the JLP pool.

Checked 2026-10-16 · both venues' fee pages
Perp DEXCheapermerged

Drift

$1,000 buy + sell
$1.14

Drift was a Solana perpetuals and lending exchange that was paused after an April 2026 exploit and rebuilt as Velocity, a perps-only fork. Existing Drift accounts do not carry over; users must open new Velocity accounts.

Drift is merged. Drift was exploited for more than $280M on April 1, 2026 and has not operated since; the Drift program is paused. The team relaunched as Velocity, a new fork of Drift v2 with a new program ID, USDT instead of USDC as quote asset, and no onchain state carried over. Velocity removed its whitelist on Sept 21, 2026. Fees and referral data below are Velocity's. See velocity instead
Perp DEX

Jupiter Perps

$1,000 buy + sell
$1.20

Jupiter Perps is Jupiter's perpetuals exchange on Solana. SOL, ETH and wBTC markets trade against the JLP liquidity pool at oracle prices with up to 250x leverage, while Beta markets (JUP, HYPE, ZEC and stock perps) run on GUM's order-book engine with USDC collateral.

Open Jupiter Perps

Drift saves $0.06 per $1,000 round trip.

Unverified
US
Not available
web
Platforms
web, ios, android

Side by side

DriftJupiter Perps
TypePerp DEXPerp DEX
Statusmergedlive
ChainsSolanaSolana
Platformswebweb, ios, android
Custodynon-custodialnon-custodial
KYCnonenone
Platform fee, round trip0.12%0.12%
$1,000 round trip$1.20$1.20
Sign-up perk5% off taker fees—
Perps taker / maker0.06% / -0.003%0.06% / —
United StatesUnverifiedNot available
United KingdomUnverifiedUnverified
European UnionUnverifiedUnverified
Launched2021-11—
Reported incidents20

Features

FeatureDriftJupiter Perps
perps✓✓
cross-margin✓—
borrow-lend✓—
swaps✓—
vaults✓—
builder codes✓—
api✓—
jit auctions✓—
oracle pricing—✓
stock perps—✓
limit orders—✓
tp/sl—✓
mobile app—✓
liquidity pool—✓

"—" means the feature was not in the sources we checked, not proof it's missing.

Drift: watch out for

  • Drift lost more than $280M in an April 1, 2026 multisig exploit attributed to North Korea's Lazarus Group.
  • Drift accounts and balances do not carry over; Velocity requires new accounts and uses USDT, not USDC.
  • Exploit victims hold recovery tokens that pay out only from a compensation fund being topped up over time.

Jupiter Perps: watch out for

  • Jupiter's terms prohibit wallets in the United States, China, Singapore and several other countries.
  • Liquidation on JLP markets takes all remaining collateral.
  • JLP positions pay an hourly borrow fee on the full position size.

FAQ

Is Drift better than Jupiter Perps?

Drift is merged (Drift was exploited for more than $280M on April 1, 2026 and has not operated since; the Drift program is paused. The team relaunched as Velocity, a new fork of Drift v2 with a new program ID, USDT instead of USDC as quote asset, and no onchain state carried over. Velocity removed its whitelist on Sept 21, 2026. Fees and referral data below are Velocity's.). Drift is cheaper: a $1,000 buy-and-sell costs $1.14 in platform fees vs $1.20 on Jupiter Perps. Pick Drift if you are former Drift users and Solana perps traders evaluating Velocity, the post-exploit relaunch of Drift. Pick Jupiter Perps if you are solana users already on Jupiter who want high-leverage SOL, ETH or BTC perps against the JLP pool.

Which is cheaper, Drift or Jupiter Perps?

Drift. On a $1,000 round trip: Drift $1.14 vs Jupiter Perps $1.20, platform fees only.

Can I use Drift or Jupiter Perps in the US?

Drift: unverified. Jupiter Perps: not available. Based on each venue's own terms.

Sources

Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.

  1. Velocity Docs - Trading fees — checked 2026-10-16
  2. Velocity Docs - Introduction to Velocity — checked 2026-10-16
  3. Velocity Docs - Referrals — checked 2026-10-16
  4. Velocity Docs - Migrating from Drift — checked 2026-10-16
  5. Velocity Terms of Use (did not render) — checked 2026-10-16
  6. CoinSpot - Drift Protocol relaunches as Velocity DEX, receives credit line from Tether — checked 2026-10-16
  7. Jupiter Docs - Jupiter Perps Fees — checked 2026-10-16
  8. Jupiter Docs - Jupiter Perps overview — checked 2026-10-16
  9. Jupiter Docs - Beta Markets — checked 2026-10-16
  10. Jupiter Docs - Jupiter Perps FAQ — checked 2026-10-16
  11. Jupiter Terms of Use — checked 2026-10-16
  12. Jupiter user docs index (mobile perps, referral pages) — checked 2026-10-16