The base fee is fixed at 0.06%, with main fees being for borrowing on long positions and liquidation penalties.
| Fee Type | Amount / Calculation | What it's charged for |
| Base Fee | 0.06% of trade amount | All operations: opening/closing positions, limit orders, take profit/stop loss. |
| Price Impact Fee | Depends on trade size and pool imbalance | Compensates liquidity pool risks for large trades that don't affect the price in Jupiter's system. |
| Borrow Fee | Accrued hourly, depends on borrow amount and pool utilization | Fee for using leverage. Affects liquidation price. |
| Liquidation Penalty | Entire remaining collateral | When a position is liquidated, the entire remaining collateral is taken by the protocol! |
How does liquidation work?
- For example, you have $100 in collateral.
- You open a position with 10x leverage.
- The price moves against you.
- When the position loss reaches, say, $90, liquidation triggers.
- Your position is closed. All your collateral (both the $90 loss and the remaining $10) is seized. You get $0 back.
