Welcome to the world of Jupiter Perps—where trading gets fast, exciting, and packed with potential! Whether you're looking to go long or short on top tokens like SOL, ETH, or wBTC, this guide will walk you through every step to master the platform.
Step 1: Connect Your Wallet
To begin trading, head to Jupiter Perps and click on the “Connect Wallet” button in the top-right corner. From there, select your preferred Solana wallet, such as Phantom or Solflare, and approve the connection. Once connected, you’re ready to dive into the trading interface!
Step 2: Select the Market
The next step is choosing the market you want to trade in. Using the Perp Market Selector, pick from the supported blue-chip tokens: SOL, ETH, or wBTC. This defines the token for which you will open a leveraged long or short position.
Step 3: Choose Long or Short
Now it’s decision time—are you betting on the price going up or down? Use the Long/Short Selector to choose your position. Selecting Long means you believe the token’s price will rise, while Short indicates you expect the price to fall.
Step 4: Set Your Collateral
After deciding your position, it’s time to set your collateral. In the Input Token Selector, choose the SPL token you want to use as collateral for your trade and specify the amount you wish to deposit. This collateral will support your position and determine your potential trade size.
Step 5: Adjust Leverage
With your collateral in place, use the Leverage Slider to set your desired leverage. You can choose anywhere from a modest 1.1x to a maximum of 250x leverage. Remember, higher leverage increases both potential rewards and risks, so adjust thoughtfully!
Step 6: Review Price Stats
Before placing your order, check the Price Stats section for essential market data. Here, you’ll find real-time metrics like the current index price, 24-hour price movements, highs, and lows. These stats can help you make an informed trading decision.
Step 7: Review Order Summary
Take a moment to review the Order Summary, which provides all the key details of your trade, including position size, leverage, entry price, and estimated liquidation price. Ensure everything looks good before proceeding, as this is your last chance to tweak the settings.
Step 8: Submit Your Order
When you’re satisfied with the order details, click the “Open Long” or "Open Short" button to confirm. You’ll need to approve the transaction in your connected wallet. Once approved, your trade is live, and you’ve officially entered the Jupiter Perps market!
Step 9: Monitor and Manage Your Position
After your trade is live, head to the Positions Tab to monitor it. Here, you can track real-time profit and loss (PnL), add or withdraw collateral, or make adjustments to your position. This tab ensures you stay in control of your trades.
Step 10: Closing Your Position
When you’re ready to close your trade, go to the Positions Tab and select the position you wish to exit. You can choose to close it partially or fully based on your strategy. Confirm the closure and approve the transaction in your wallet to finalize the trade.