Jupiter (JUP) Perpetual Futures

The open-interest-weighted JUP funding rate is +0.0047% per 8 hours, or +5.11% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0221% on Kraken to +0.0525% on Crypto.com. Compare all funding rates.

JUP perpetual open interest is $58.86M (206.65M JUP), up 2.57% in 24 hours. Binance holds the most at $14.13M. That is 6.22% of Jupiter's market cap.

Jupiter is a Solana-based DeFi platform best known for its swap aggregator, which splits orders across many DEXs to get users a better price. It also runs perpetual futures, limit and recurring orders and a launchpad. JUP is the governance token used to vote on the DAO's decisions.

Jupiter perps traded $72.99M in the last 24 hours, +54.37% on the day before. BingX leads with 48%, followed by Binance ($12.87M) and WhiteBIT ($4.69M).

Over the last 24 hours 34.9% of accounts are long and 65.1% short, a long/short ratio of 0.54. See the long/short ratio by exchange.

Jupuary is the name for Jupiter's January airdrops of JUP to users of its products. Each round adds tokens to circulation, and recipients often sell or hedge, so JUP perps can see heavier shorting and negative funding around the claim period.

Jupiter Perps is a perps exchange on Solana where users trade SOL, ETH and BTC against a liquidity pool. JUP perps are contracts on the JUP token itself, listed on exchanges such as Binance, Bybit and Hyperliquid. Activity on Jupiter Perps adds to fee revenue, which is one link between the two.

$11.4K of JUP positions were liquidated in 24 hours, $7.5K longs and $3.8K shorts. OKX saw the most at $5.2K. See liquidations across the market.

Jupiter's business depends on trading activity on Solana, so a rally in SOL that brings more users and volume tends to lift JUP sentiment. Quiet on-chain markets tend to weigh on it. Checking Solana perps next to JUP shows whether a move is token-specific.

JUP perpetual futures are derivatives contracts that track the price of JUP and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any JUP.

Funding is a payment between longs and shorts. When JUP perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

JUP perps trade on 13 tracked exchanges. By volume the largest are BingX, Binance and WhiteBIT. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.