Ready to trade? You'll need a Solana-compatible wallet DOWNLOAD JUPITER MOBILE.
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| Jupiter mobile |
Step 1: Set Up Your Wallet and Fund
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| Setting up your wallet |
==> Buy SOL: Perps use USDC/USDT/SOL as collateral, but SOL is needed for fees. Acquire SOL Using the Jupiter mobile swap features .
==> Bridge or Swap Funds: Transfer USDC/USDT to Solana if needed (use Jupiter's bridge). Then, swap extras to USDC via jup.ag/swap.
==> Onramp : You can Fund your wallet with Fiat.
Pro Tip: Start with $100–500 to test - enough for a small position without overexposure.
Step 2: Access Jupiter Perps
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| Access jup.ag/perps |
==> Visit jup.ag/perps and connect your wallet (click "Connect" > select Jupiter Mobile).
==> Navigate to the Perpetual Trading Tab (main dashboard). You'll see markets for SOL-PERP, ETH-PERP, and WBTC-PERP.
==> Deposit collateral: Click "Deposit," select USDC/USDT/SOL, enter amount, and confirm. Funds go to your isolated margin account.
Step 3: Open a Position
Choose a Market: Select SOL-PERP (or ETH/WBTC).
Pick Direction and Leverage:
==> Toggle "Long" or "Short."
==> Slide leverage (1x–250x). Beginners: Stick to 5–10x.
Enter Position Size: Input USD value (e.g., $500). The UI shows required margin and potential liquidation price.
Set Advanced Orders (Optional):
==> Market Order: Executes immediately at current price.
==> Limit Order: Triggers at a specific price.
==> Stop-Loss/Take-Profit: Auto-close at loss/profit thresholds (e.g., stop at -5% to cap downside).
Review and Confirm: Check fees, borrow rate, and liquidation price. Click "Open Position" and approve the transaction in your wallet.
Example: Long $1,000 SOL-PERP at 10x with $100 USDC. If SOL rises 5%, you profit $50 (minus fees). If it drops 10%, you're liquidated.
Step 4: Manage Your Position
==> Monitor Dashboard: View open positions, PNL (profit/loss), borrow fees accrued, and margin ratio (aim >150% to avoid liquidation).
==> Adjust Collateral: Deposit more to lower liquidation risk or withdraw excess.
==> Add Trigger Orders: Set trailing stops or brackets for dynamic management.
==> Keeper Model Note: Jupiter uses keepers (bots) for efficient execution—trades settle in ~10 seconds, but high congestion can delay.
Step 5: Close Your Position
==> Go to your open positions list.
==> Select the position and click "Close" (full) or enter partial amount.
==> Confirm - profits/losses settle to your collateral balance instantly.
==> Withdraw: Click "Withdraw" to send funds back to your wallet.
Pro Tip: Close manually during volatility; auto-orders handle the rest.
Advanced Tips for Success
- Start Small: Practice with 1–5x leverage on demo-like small trades.
- Use Tools: Integrate Jupiter with Portfolio trackers like SonarWatch (now Jup Portfolio) for real-time alerts.
- Earn Passively: Mint JLP tokens by providing liquidity in the Earn Tab—earn from trader fees (APY often 20–50%).
- Risk Management: Position size <2% of portfolio; diversify across longs/shorts.
Thus :-Jupiter Perps democratizes high-leverage trading on Solana, blending DeFi innovation with user-friendly tools. It's not gambling - treat it as a skill to build with education and discipline.