Pool value
USDValue of the assets in the JLP pool at the latest read, at the oracle prices the program uses.
Dashboard · VantagePlanned
Jupiter Perps and JLP: Open Interest, Fees and Pool Returns
What has the JLP pool earned from Jupiter Perps traders, and how much open interest does it back?
Open interest, volume and fees on Jupiter Perps, the JLP pool that takes the other side of every trade, its asset weights and JLP's return.
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Blueprint
What the dashboard will show.
The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
Pool
What JLP holds, what it earned and its price.
JLP return, 30 days
%The change in JLP's price over the last thirty days, a realized figure that includes asset price moves.
Fee yield, 7 days
%Fees kept by the pool over the last seven days divided by its average value, annualized.
Utilization
%Assets borrowed by open positions as a share of the pool's assets, across custodies.
Assets against target weights
%Each asset's share of the pool at the latest read beside its target weight.
JLP price
USDJLP's price at each day's end over the period, from the pool's value and JLP supply.
Markets
Open interest, volume and fees by market and side.
Open interest
USDSize of all open positions at the latest read, longs and shorts together.
Long share
%Long positions as a share of open interest at the latest read.
Open interest by market
USDOpen interest in each market at the latest read, split into longs and shorts.
Volume and fees by day
USDPosition volume opened and closed each day with the fees paid, split between the pool and the protocol.
- Period
- Last 7, 30 or 90 days
About
What it answers, and for whom.
Jupiter Perps is a perpetuals exchange on Solana where traders open leveraged longs and shorts on major assets such as SOL, ETH and BTC against one liquidity pool, JLP. The pool holds SOL, ETH, WBTC and stablecoins. Longs borrow the asset they are long, shorts borrow stablecoins, and every position pays an hourly borrow fee instead of funding. Most of the fees go to the pool, so JLP holders earn trading fees and take the other side of traders' profits and losses.
This dashboard reads the pool's custody accounts and positions from the perpetuals program: the assets JLP holds against its target weights, open interest by market and side, utilization, the borrow rate of each custody and JLP's price over time. JLP's return is measured from its price between two pinned slots, so it includes the fees earned, the trader profit and loss it absorbed and the price moves of the assets it holds.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Pool and custody state is read from the Jupiter perpetuals program's accounts at each day's last slot: assets held, assets borrowed by open positions, target weights and the borrow rate of each custody.
- Open interest is the size of open positions by market and side from position accounts, valued at the oracle price the program uses; volume is the size of positions opened and closed.
- Fees are the opening, closing, borrow and swap fees in the program's position and swap events, split between the share that stays in the pool and the protocol's share.
- JLP's price is the pool's value over JLP supply at each pinned slot, and its return is the change between two of them, shown as a realized figure that includes asset price moves.
The data it needs
Read from chain state and history
- perps_markets_dailyTo buildOn-chain perpetualsVolume, open interest, funding rates and fees per market on on-chain perpetual exchanges, per day.
- yield_rates_dailyTo buildYields and ratesSupply rates, staking yields and vault share-price growth per pool and vault per day, in one comparable table.
- liquidationsTo buildLiquidationsEvery liquidation on major lending markets and perp venues: collateral seized, debt repaid, liquidator, and the price at the time.
- protocol_revenue_dailyTo buildProtocol fees, revenue and buybacksFees users paid to each protocol and the part kept by the protocol or its token holders, per protocol and day, including buybacks.
- Jupiter perpetuals program pool and custody accounts at each day's last slot
- Position accounts: size, side, collateral and entry price
- Position open, close, liquidation and swap events with their fees
- JLP mint supply and the pool's value at pinned slots
- Oracle prices the program records for each custody
Questions
Questions people ask.
What is JLP?
The liquidity token of Jupiter Perps. Minting JLP adds assets to the pool that traders borrow from and trade against; JLP's price is the pool's value divided by JLP supply, so it moves with fees earned, traders' results and the prices of the assets held.
How is JLP APY calculated?
Jupiter's interface quotes a yield from recent fees. This dashboard shows a fee yield measured the same way and, separately, JLP's realized return, the change in its price between two dates, which also includes traders' profits and losses and the price moves of the assets in the pool.
Does Jupiter Perps charge funding rates?
No. Positions never pay or receive funding. Instead every position pays a borrow fee each hour on what it borrows from the pool, at a rate that rises with the custody's utilization.
Why can JLP lose value?
Because the pool is the counterparty to traders and holds volatile assets. When traders win, the pool pays them, and when SOL, ETH or BTC fall, the pool's holdings fall with them. Fees offset some of this, but a realized return can be negative.
What are JLP target weights?
Each asset in the pool has a target share. Minting or redeeming JLP with an asset above its target costs more, and with one below its target costs less, which pulls the pool back toward its weights.
- JLP
- The token of Jupiter's perpetuals liquidity pool, whose price is the pool's value per token.
- Custody
- The account that holds one asset of the JLP pool and records how much of it open positions have borrowed.
- Utilization
- The share of a custody's assets borrowed by open positions, which drives its borrow rate.
- Target weight
- The share of the pool each asset aims for; minting and redemption fees push the pool back toward it.
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