ApeX Protocol vs Jupiter Comparison
| 0.02% maker / 0.05% taker | Fees | 4-7 bps position open/close |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, including all fees and spreads.
| 0.02% maker / 0.05% taker | Fees | 4-7 bps position open/close |
Pros & Cons
- No gas costs for users
- Perpetuals on equities, commodities and prediction markets too
- Around 90 crypto perpetuals, up to 100x leverage on BTC and ETH
- Operating since 2022 with no known loss of user funds
- Well-known backers
- Considerably lower volume than the market leaders
- Thinner order books in secondary markets
- No EU authorisation
- Support runs through community channels
- Near-zero network fees on Solana
- Very fast execution
- Embedded in Solana's largest trading ecosystem
- Pool model without order-book slippage
- Liquidity provision through JLP with a share of fees
- Narrow market list — essentially the major pairs
- Funding costs on open positions
- Very high leverage tiers on individual pairs raise liquidation risk
- No EU authorisation
Score Comparison
Features
- No gas costs
- Crypto, equity and commodity perpetuals in one interface
- Operating since 2022 without a known security incident
- Up to 100x leverage on the main markets
- Network fees at a fraction of a cent
- JLP pool at billion-dollar scale
- Part of the Solana trading ecosystem
- Fee share for liquidity providers
The five areas head to head
AI AnalysisFees & Costs
Perpetuals carry roughly 0.019% maker and 0.0475% taker fees, spot trading around 0.0425%. Users bear no gas costs. Referral programmes and rebates can lower effective costs further. As of August 2026.
Opening and closing a position each cost around 0.06%, with ongoing funding costs on top. Network fees on Solana sit well below a cent per transaction and are effectively negligible. A large share of fees flows to providers of pool liquidity. As of August 2026.
Usability & User Experience
The interface follows centralised exchange conventions and is immediately legible to users with futures experience. Access runs through a wallet connection without conventional registration. As of August 2026.
The interface is among the most approachable in this comparison and navigable for newcomers. A Solana wallet is required; there is no registration step. As of August 2026.
Features & Offering
The offering covers roughly 90 crypto perpetuals with up to 100x leverage on BTC and ETH and around 50x on most other pairs. Beyond that, perpetuals on equities and commodities and prediction markets are available — a breadth that is unusual in the segment. As of August 2026.
Perpetual trading runs against the JLP pool, which bundles several underlying assets and stablecoins. The offering concentrates on the major pairs; very high leverage tiers arrived on selected pairs in 2026. The aggregator additionally opens up spot trading across Solana. As of August 2026.
Details
| ApeX Protocol (by Bybit) | Company | Jupiter Exchange |
| Singapore | Headquarters | Singapore |
Verdict
In our overall rating Jupiter leads with 4.0 against 3.7 for ApeX Protocol.
For most investors Jupiter is therefore the better choice.
ApeX — now operating as ApeX Omni — has run perpetual markets since 2022 and is backed by investors including Dragonfly Capital, Jump Crypto and Bybit-affiliated Mirana. No security incident involving loss of user funds is known, which counts for something in a segment with a short half-life.
Fees run around 0.019% for makers and 0.0475% for takers, and users bear no gas costs. The offering reaches beyond crypto: alongside roughly 90 crypto perpetuals at up to 100x leverage on BTC and ETH — around 50x on most secondary pairs — there are perpetuals on equities and commodities as well as prediction markets.
On scale ApeX sits clearly behind the volume leaders, which shows as thinner books in secondary markets. It is most interesting for users who want crypto and non-crypto perpetuals from a single interface. The platform holds no EU authorisation; perpetuals sit outside MiCA in any case, and tax reporting rests entirely with the user.
Jupiter is the central trading venue on Solana and built its perpetuals as part of a wider ecosystem. As with GMX, trades run against a liquidity pool — here the JLP pool, which bundles Solana, Ethereum, Bitcoin and stablecoins and recently stood at around 1.4 billion US dollars.
In practice Solana plays to its strengths: network fees sit at a fraction of a cent and execution is fast. Trading fees run around 0.06% on open and close, plus funding costs on open positions. Very high leverage tiers arrived on selected pairs in 2026.
The constraint is breadth: perpetual trading concentrates on the major pairs around SOL, ETH and BTC, so anyone looking for a wide altcoin perpetual list is in the wrong place. For users already active on Solana, Jupiter is the obvious route. The platform holds no EU authorisation; perpetuals sit outside MiCA in any case, and tax reporting rests entirely with the user.