Hyperliquid vs Jupiter Perps
Hyperliquid is cheaper: a $1,000 buy-and-sell costs $0.86 in platform fees vs $1.20 on Jupiter Perps. Pick Hyperliquid if you are perps traders outside the US who want onchain order-book trading from their own wallet, with fees that drop by volume and HYPE staking. 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 pagesHyperliquid is a layer-1 blockchain whose HyperCore layer runs fully onchain perpetual futures and spot order books, with a HyperEVM smart-contract layer alongside. It targets active perps traders who want order-book trading from a self-custodied wallet.
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.
Hyperliquid saves $0.34 per $1,000 round trip.
Side by side
| Hyperliquid | Jupiter Perps | |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Status | live | live |
| Chains | Hyperliquid | Solana |
| Platforms | web | web, ios, android |
| Custody | non-custodial | non-custodial |
| KYC | none | none |
| Platform fee, round trip | 0.09% | 0.12% |
| $1,000 round trip | $0.90 | $1.20 |
| Sign-up perk | 4% discount on fees for the first $25M of volume | — |
| Perps taker / maker | 0.045% / 0.015% | 0.06% / — |
| United States | Not available | Not available |
| United Kingdom | Unverified | Unverified |
| European Union | Unverified | Unverified |
| Launched | 2023-02 | — |
| Reported incidents | 4 | 0 |
Features
| Feature | Hyperliquid | Jupiter Perps |
|---|---|---|
| perps | ✓ | ✓ |
| spot | ✓ | — |
| order book | ✓ | — |
| limit orders | ✓ | ✓ |
| vaults | ✓ | — |
| staking discounts | ✓ | — |
| builder codes | ✓ | — |
| HIP-3 builder-deployed perps | ✓ | — |
| outcome markets | ✓ | — |
| HyperEVM | ✓ | — |
| API | ✓ | — |
| oracle pricing | — | ✓ |
| stock perps | — | ✓ |
| tp/sl | — | ✓ |
| mobile app | — | ✓ |
| liquidity pool | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Hyperliquid: watch out for
- The Terms bar US and Ontario residents and prohibit VPN use to get around that.
- The HLP vault has absorbed manipulation losses, including a reported $4.9M on POPCAT in November 2025.
- Validators delisted the JELLY market and settled it at a fixed price in March 2025, an intervention critics questioned.
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 Hyperliquid better than Jupiter Perps?
Hyperliquid is cheaper: a $1,000 buy-and-sell costs $0.86 in platform fees vs $1.20 on Jupiter Perps. Pick Hyperliquid if you are perps traders outside the US who want onchain order-book trading from their own wallet, with fees that drop by volume and HYPE staking. 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, Hyperliquid or Jupiter Perps?
Hyperliquid. On a $1,000 round trip: Hyperliquid $0.86 vs Jupiter Perps $1.20, platform fees only.
Can I use Hyperliquid or Jupiter Perps in the US?
Hyperliquid: not available. 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.
- Hyperliquid Docs: Fees — checked 2026-10-16
- Hyperliquid Docs: Referrals — checked 2026-10-16
- Hyperliquid Docs: Builder codes — checked 2026-10-16
- Hyperliquid Terms of Use (last updated June 15, 2026) — checked 2026-10-16
- Hyperliquid Docs: About Hyperliquid — checked 2026-10-16
- Hyperliquid Docs: Core contributors — checked 2026-10-16
- Jupiter Docs - Jupiter Perps Fees — checked 2026-10-16
- Jupiter Docs - Jupiter Perps overview — checked 2026-10-16
- Jupiter Docs - Beta Markets — checked 2026-10-16
- Jupiter Docs - Jupiter Perps FAQ — checked 2026-10-16
- Jupiter Terms of Use — checked 2026-10-16
- Jupiter user docs index (mobile perps, referral pages) — checked 2026-10-16