Backpack vs Jupiter Comparison
| 0.02% maker / 0.05% taker | Fees | 4-7 bps position open/close |
Backpack
vs
JupiterWinner
Pros & Cons
Pros
- MiCA authorisation for the European entity, passported across the EU
- Perpetuals for EU clients through an entity under MiFID II supervision
- A named European supervisory counterparty
- Clean, approachable interface
- 200+ markets in the global offering
Cons
- EU clients limited to roughly 40 pairs and 10x leverage
- Fees above the fee-free competitors
- Not a pure DEX — execution runs on operator-run order-book infrastructure
- Account with identity verification required
Pros
- 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
Cons
- 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
4.6Usability4.6
4.0Features3.9
4.2Fees4.0
4.2Stability4.3
4.0Support3.5
Features
- One of the few perpetual venues with EU authorisation
- MiCA CASP since May 2026
- Perpetuals for EU clients since September 2025
- Solana-native infrastructure
- 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
Details
BackpackJupiter
| Backpack Exchange (Coral) | Company | Jupiter Exchange |
| United Arab Emirates | Headquarters | Singapore |