Jupiter Vaults fees - Jupiter Documentation

Vault fees and limits

Fee	What it is	Limit
Management fee	A yearly percentage of the vault’s value, accrued continuously	Up to 10% a year
Performance fee	A percentage of the vault’s gains above its high-water mark	Up to 50% of gains
Instant withdrawal fee	A percentage of an instant withdrawal	Up to 10%, or instant withdrawals off

Depositing and withdrawing also cost a small Solana network fee, paid in SOL from your wallet.

Depending on the vault, standard withdrawals can also carry a fee, for example to cover the cost of unwinding a looped position.

How fees work

Rule	How it works
High-water mark	The performance fee only applies to gains above the highest share price the vault has reached so far. After a drop, no performance fee is charged until the share price climbs back above its previous high.
Valuation	The performance fee is charged on the share price as it is valued at the time. When part of the vault’s value comes from loans priced by the curator, a fee can be charged on value that a later default removes.
Payment in shares	Management and performance fees are not taken out of the vault in USDC. They are paid as new vault shares minted for the fee recipient, which slightly lowers the value of every other share. Your position already accounts for fees owed but not yet paid.
Pauses	Fees keep accruing while a vault is paused.
Changes	A curator can change the fees within the limits above. A change never applies retroactively: fees accrued at the old rate are settled first. If the instant withdrawal fee changes while you withdraw, the app stops and shows the new rate before you confirm.

Jupiter fees

Jupiter can charge its own management and performance fees on a vault, in addition to the curator’s. View fees lists the Jupiter management fee and the Jupiter performance fee for each vault.

The protocols a strategy uses charge their own fees, as they would to any user: Offerbook takes a share of the interest on each loan, and Jupiter Lend keeps part of the interest borrowers pay. These fees are already reflected in the vault’s returns, so you do not pay them separately.

Entry cost

The entry cost is a small difference between the value of your deposit and the value of the shares you receive.

The entry cost is not a fee: nobody collects it, and it stays in the vault.

Your deposit is valued at the low end of the current oracle price range, and new shares are priced to cover gains the vault may record at its next price and position update. This protects the depositors already in the vault from dilution. The entry cost varies from vault to vault and from one moment to the next: once you enter an amount, the Fees row of the deposit form shows it as an estimated percentage.

​Vault fees and limits

​How fees work

​Jupiter fees

​Entry cost

Vault fees and limits

How fees work

Jupiter fees

Entry cost