Perpetuals · Arbitrum L2
Jupiter Alternative: Swap Routes vs SOL Perpetuals
DFlow, the main Jupiter alternative, routed $8.69B of Solana swaps in 30 days with no protocol fee. For SOL price exposure without routing, EVEDEX offers SOL-USD perpetuals: 200x up to $50,000 notional.
SOL-USD on EVEDEX at a glance
Key terms of the SOL-USD perpetual as of September 15, 2026, from EVEDEX trading terms and fee schedule.
Jupiter alternatives compared
One rival aggregator, two direct pool venues and EVEDEX, a perp DEX for trading SOL without a route. Pool turnover: our ranking of each Solana DEX with high liquidity.
| Platform | 30-day activity | Fees | Best for | Drawbacks |
|---|---|---|---|---|
| Jupiter | $16.0B routed, 53% of Solana aggregators | 10 bps most pairs; 50 bps new tokens | Large swaps split across pools | Holds no liquidity; pool fees add up |
| DFlow | $8.69B routed, 28.8% of aggregators | No protocol fee; apps may add one | Swaps inside wallets and apps | Cost depends on each app; Solana only |
| Orca | $7.45B volume; $257.3M TVL | Tiers from 0.01% to 2% | Small swaps in deep pairs | One pool may quote worse on size |
| Raydium | $6.61B volume; $1.13B TVL | 0.25% on most pools | Deepest Solana liquidity | Pricier than Orca low tiers; unvetted tokens |
| EVEDEX: not a spot DEX, perpetuals instead of spot swaps | $30.6M SOL-USD open interest | 0.015% maker, 0.045% taker | Long or short SOL with USDT margin | No SPL tokens |
Why trade SOL on EVEDEX instead of routing a swap
Trade SOL's price without routing a swap: one order book contract, low fees and both directions.
No route to optimize
SOL-USD is one order book contract, so there are no pool fees stacked on a route and no aggregator surcharge.
Short as easily as long
A perpetual lets you trade a falling SOL price, which a spot swap cannot do without borrowing.
Low trading fees
0.015% maker and 0.045% taker, with up to 35% cashback on your own trades.
One account, 52 markets
The same USDT margin trades BTC, ETH, gold, oil, EUR/USD and US stock perpetuals, 24/7.
Connect your wallet
Log in to the EVEDEX exchange with your wallet. There is no traditional KYC; deposits pass AML screening.
Deposit USDT
Fund your account from 6 USDT. The first deposit deploys a personal deposit contract on Arbitrum for about 0.1 USDT.
Open SOL-USD
Choose long or short and set leverage within the pair cap. The minimum order is 5 USDT.
Perpetual or routed swap?
Routing matters only if you need tokens at the end of the trade.
Jupiter, DFlow, Orca and Raydium all finish with SPL tokens in your wallet. Jupiter also runs a separate perpetual exchange, with $747.3M TVL and $67.0M open interest on DefiLlama. On EVEDEX, the SOL-USD perpetual has no expiry and no token delivery: you post USDT margin, funding is calculated every 8 hours and charged hourly, and leverage steps down from 200x above $50,000 notional. EVEDEX lists 52 perpetual pairs and settles on Arbitrum L2, not Solana.
Risk disclosure
Leveraged perpetuals can lose your entire margin quickly, and swap routes inherit the risks of every pool they touch. Perpetual futures carry a high risk of loss. EVEDEX services are not intended for UK retail clients.
Jupiter alternative questions
Jupiter DEX is a Solana swap aggregator. It holds no swap liquidity and routes each order across pools on Raydium, Orca, Meteora, PumpSwap and others. It routed $16.0B in the 30 days to September 15, 2026, 53% of Solana aggregator volume, according to DefiLlama.
Jupiter exchange is the Solana trading platform built around the Jupiter aggregator, which charges 10 bps on most swaps. The same brand runs Jupiter Perps, a perpetual exchange that DefiLlama showed with $747.3M in TVL and $67.0M in open interest on September 15, 2026.
Jupiter is a DEX aggregator rather than a pool-based DEX. It finds routes through other Solana pools and charges its own fee on top of each pool fee: 0 bps on pegged pairs, 2 bps on SOL-stablecoin, 10 bps on most pairs and 50 bps on tokens under 24 hours old.
Pick by trade type. PumpSwap had the most DEX volume, $19.24B over 30 days to September 15, 2026, for graduated pump.fun coins. Raydium held the deepest liquidity at $1.13B TVL, Orca suits established pairs with tiers from 0.01%, and Jupiter or DFlow route across all of them.
DEX trading on Solana means swapping tokens from your own wallet, such as Phantom or Solflare, against on-chain pools instead of an exchange account. You pay a pool fee, from 0.01% on Orca to 1.25% on some PumpSwap pools, plus a small SOL network fee.
Withdraw SOL or USD Coin from the centralized exchange to a self-custody Solana wallet on the Solana network. Keep some SOL for fees, open Jupiter or a DEX such as Orca, connect the wallet, confirm the token mint and sign the swap. The tokens arrive in the same wallet.
No. Serum stopped operating in November 2022 after the collapse of FTX left its program keys with the failed exchange. The community forked it as OpenBook, and order-book venues such as Manifest now serve Solana traders; Manifest traded $4.14B in the 30 days to September 15, 2026.
Raydium is a Solana DEX with CPMM, legacy AMM v4 and concentrated CLMM pools, plus the LaunchLab launchpad. It held $1.13B in TVL on September 15, 2026, the largest on Solana, and charges 0.25% on most pools. Jupiter often routes part of a swap through Raydium pools.
