VENUEVERITAS

DEX compare

GMX vs Jupiter Perps

Evidence-domain compares only. No overall winner. · Publication ready

GMX

  • Synthetic
  • Smart-contract custody
  • Chainlink Data Streams
  • Arbitrum
  • Perpetuals DEX

Jupiter Perps

  • Synthetic
  • Smart-contract custody
  • Edge by Chaos Labs
  • Solana
  • Perpetuals DEX

DEX directory · DEX compares

Key structural differences

  • Both use keeper request/fulfillment against LP vault counterparties
  • GMX documents RoleStore + ConfigTimelock more explicitly than Jupiter named upgrade authority
  • Jupiter Perps documents a clearer three-oracle selection algorithm (Edge / Chainlink / Pyth)
  • Jupiter Security docs list Offside / OtterSec / Sec3 audits; GMX audit catalog remains VERIFIED_NOT_STRUCTURED
  • Chains differ: Arbitrum(+others) vs Solana

Disclosures

  • Neither labeled non-custodial without smart-contract custody qualification
  • No overall ranking output

Domain comparison

  • Execution model

    GMX

    Synthetic

    Jupiter Perps

    Synthetic

  • Custody

    GMX

    Smart-contract custody

    Jupiter Perps

    Smart-contract custody

  • Collateral location

    GMX

    User wallet → ExchangeRouter request → DepositVault / OrderVault / market banks → Position state in DataStore → Onchain settlement

    Jupiter Perps

    User Solana wallet → Perps request / position escrow → JLP custody accounts → Onchain settlement in collateral token

  • Oracle

    GMX

    Chainlink Data Streams (ChainlinkDataStreamProvider)

    Jupiter Perps

    Edge by Chaos Labs

  • Control plane

    GMX

    RoleStore role grants (operational admin)

    Jupiter Perps

    Unresolved (Researched unresolved)

  • Liquidation

    GMX

    Remaining collateral after losses/fees/capped negative impact below market minimum collateral (≈0.25%–1% of size)

    Jupiter Perps

    Oracle price reaches liquidation price

  • Liquidity

    GMX

    LP VAULT (GM / GLV market tokens)

    Jupiter Perps

    LP VAULT (JLP)

  • Fees

    GMX

    position open close: 0.04% or 0.06% of position size (market-dependent)

    Jupiter Perps

    open close base: 0.06%

  • Markets

    GMX

    Perpetual futures via GM / GLV liquidity pools

    Jupiter Perps

    Leveraged perps on SOL, ETH, wBTC vs JLP pool

  • Settlement

    GMX

    Arbitrum · On-chain

    Jupiter Perps

    Solana · On-chain

  • Security evidence

    GMX

    Smart-contract audit (—; Verified not structured)

    Jupiter Perps

    Smart-contract audit (Offside Labs; Verified structured)

  • Geo restrictions

    GMX

    Protocol access: Verified not structured; Frontend access: Researched unresolved; Terms of service: Researched unresolved; Legal eligibility: Researched unresolved

    Jupiter Perps

    Protocol access: Verified not structured; Frontend access: Researched unresolved; Terms of service: Researched unresolved; Legal eligibility: Researched unresolved

  • Dependencies

    GMX

    Arbitrum (primary researched), Chainlink Data Streams, Oracle and order keepers, RoleStore / timelocks

    Jupiter Perps

    Solana, JLP pool, Edge (Chaos Labs), Jupiter keepers

  • Evidence recency

    GMX

    2026-08-30

    Jupiter Perps

    2026-08-30

Local compare only. Forbidden language: safer, better, best, recommended, most decentralized (as value judgment). Day-7: no deploy.