Trade on 1000x

This page covers trading on 1000x, the jup.ag product for 500x–1,000x leverage on SOL, BTC, ETH, ZEC, HYPE, GOLD and OIL. For how 1000x works as a whole, see the 1000x overview.

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How do I open a 1000x trade?

You can hold several 1000x positions at once, on the same market or on different ones. 1000x does not limit the number of positions: only the size limits apply.

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How does Double or Nothing work on 1000x?

Double or Nothing is a 1000x mode in which a position has only two planned outcomes: a take profit that returns twice its collateral, or liquidation at $0. The app sums it up as One position. Two outcomes. Markets, payment tokens, leverage (500x to 1,000x), size limits and fees are the same as in Classic. Once open, the position ends in one of three ways: You cannot close a Double or Nothing position yourself, add collateral to it or change its take profit. If you try to close it, the app shows This position closes at its take profit or liquidation. It cannot be closed manually. You can run several Double or Nothing positions at once, next to Classic ones, and switching modes or markets does not close them. The take profit is further from your entry than the bust price, because the profit adjustment and the fees reduce what a move in your favor pays (see 1000x profit adjustment and fees): These moves do not depend on the amount of collateral. They follow from the current fees and profit curve: the prices on the review card prevail. The profit part of a take profit follows the usual payout rules: it is paid at close when the House can cover it, otherwise it waits in the payout queue. Your remaining collateral always returns at close. Opening in Double or Nothing also creates the take-profit order’s account. Your wallet pays its rent, a small amount of SOL, which is not refunded: it pays the Jupiter keeper that executes the order.

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How does Full send work on 1000x?

Full send is a 1000x mode for trading every market from one form. It is available on jup.ag in a desktop browser only: click Full send next to Double or Nothing. In a phone browser, a Full send link opens Classic. The form keeps the amount and the leverage, and lists each market with its price and its move. Momentum compares each market’s move over the last 25 seconds, or since your entry when you hold a position there; Grid shows each market’s chart.

• Long all or Short all opens one position in every market that is open, each with the amount above, for a single wallet approval. There is no per-market button. The form shows the total, such as $70.00 total for 10 JupUSD on seven markets. If some orders fail, the app names the markets not opened, such as Not opened: ZEC., and the other positions still open. A wallet that cannot approve several transactions at once shows This wallet can’t open several positions at once.
• The balance presets split your balance across the open markets, and each amount is capped to what that market can take.
• Hovering Long all or Short all previews each market’s liquidation price on the chart.

Positions opened in Full send are Classic positions: the same fees, bust price, earliest close and size limits apply. Megaphone messages cannot be sent from Full send. The chart offers two views: Picking a market in the market list switches back to Classic on that market.

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How does Spin work on 1000x?

Spin is a 1000x mode in which you choose only the stake: 1000x draws the market, the side and the leverage at random and opens a Classic position. It is available on jup.ag in a desktop browser and in a phone browser. Every outcome has the same chance, and so does each leverage: 500x, 600x, 700x, 800x, 900x or 1,000x. An outcome whose side has no room for your position at 1,000x under the size limits is greyed out and cannot be drawn: the form then reads, for example, 12 of 14 fit · 1 in 12 each. If you reject the approval, nothing is submitted and the draw is not shown: the app reads Spin canceled before the reveal. Nothing was submitted. A Spin position is a Classic position at the drawn leverage. It can be liquidated from the moment it opens, at a move against you of 0.098% at 1,000x to 0.198% at 500x, and you can close it 15 seconds after it opens at the earliest. The fees, profit cap, time limit and size limits are the same as in Classic, and a Spin open can carry a megaphone. To mute the reveal, turn off Spin reveal in the settings menu.

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Blitz mode

Blitz is a 1000x mode in which you choose when the position closes before you open it. The app sums it up as Pick your exit before you enter. Markets, payment tokens, leverage (500x to 1,000x), size limits and fees are the same as in Classic. It is available on jup.ag in a desktop browser and in a phone browser. When the timer ends, a Jupiter keeper closes the position at the market price, win or lose. The close settles like a manual close: it pays the close fee, your remaining collateral returns to your wallet in JupUSD, and your profit is paid or queued under the usual payout rules. Until then, the position shows a Blitz label and Closes in with a countdown. You cannot close a Blitz position yourself. Liquidation stays active until the timer ends: if the price reaches your bust price first, the position is liquidated and you lose its collateral. In History, a position opened with a timer reads Blitz, even when it was liquidated before the timer ended.

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Which tokens can I pay with on 1000x?

1000x positions use JupUSD as collateral. If you pay with JupUSD, it is used as is. If you pay with any other token in the list, it is swapped to JupUSD in the same transaction, with a 0.5% slippage tolerance:

• The minimum collateral and the position size apply to the JupUSD the swap delivers, not to the amount of the token you pay.
• If the swap would deliver less than its quote minus the 0.5% tolerance, the trade fails.
• If no swap route exists for your amount, the app shows No swap route to JupUSD for this amount. Choose another token or amount.

Collateral returned at close and profits are always paid in JupUSD.

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How is my 1000x position size calculated?

Your position size is your collateral times the leverage. Profits, losses and size limits are all based on the position size.

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What is the bust price on 1000x?

The bust price is the price at which a 1000x position is liquidated: the price at which your loss reaches the position’s collateral minus the close fee. Because the close fee is 0.002% of the position size, the bust price sits 0.002% closer to your entry price than one leverage-th: The form shows the long bust price, the short bust price and the move to bust before you open. If the close fee changes, so does the bust price: the move to bust in the form prevails. Before the bust price, your loss is linear: the position size times the price move against you, plus the close fee (see 1000x profit adjustment and fees). When the price reaches the bust price, the position is liquidated automatically and you lose all its collateral; History shows it as Liquidated.

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What price does my 1000x trade fill at?

The chart and the estimated entry use Pyth prices, which are indicative. A 1000x trade fills at the Pyth Pro price recorded onchain about 2 seconds after you submit it, not at the price on screen when you click. Opens and closes work the same way.

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Why can a 1000x trade be delayed or fail?

A new position can be closed 15 seconds after it opens at the earliest. Until then, its Close button is disabled and counts down, such as Close in 12s, and Close all closes only the positions that can already close. The other cases each show a message in the app: A failed trade can still cost wallet network fees.

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How do I close a 1000x position?

These controls close Classic positions only: a Double or Nothing position closes at its take profit, its bust price or the time limit, and a Blitz position when its timer ends or at its bust price. You can close a Classic position 15 seconds after it opens at the earliest: see Why can a 1000x trade be delayed or fail? A close fills at the price about 2 seconds after you submit it. When you close, your remaining collateral returns to your wallet immediately, in JupUSD. Your profit follows the rules in 1000x payouts and the House. On jup.ag in a desktop browser, the result of a winning Classic close can offer Double your win, with the amount, such as Double your win · $12.34. It stakes the realized profit, rounded down to the cent, in a Double or Nothing position on the same market, side and leverage, and opens the Double or Nothing review, so nothing is signed until you lock it in (see How does Double or Nothing work on 1000x?). The offer is not shown when the profit is below the 5 JupUSD minimum, when part of it is queued, when the stake would exceed the market’s size limit, when your wallet holds less than the stake, or while trading is paused.

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When does 1000x close a position automatically?

1000x closes a position for you, without any action on your part, in these cases: A time-limit, close-timer or profit-cap close settles like a manual close, at the onchain oracle price when it executes: it pays the close fee, your remaining collateral returns to your wallet in JupUSD, and your profit is paid or queued under the usual payout rules. A position that reaches its bust price first is liquidated instead. Your wallet does not sign an automatic close. In a block explorer, the close transaction is signed only by a Jupiter keeper account, while a close you make yourself also carries your wallet’s signature. A 1000x position has no holding fee while it is open.

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Can I change a 1000x position after opening it?

No. Once a 1000x position is open, its collateral, leverage and size stay fixed:

• You cannot partially close it: a close always closes the whole position.
• You cannot add collateral to move the bust price away, or withdraw collateral from it.

To change your exposure, close the position and open a new one.

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What are the 1000x position size limits?

Limits apply to the position size, not to your collateral: To see the maximum position size per market and side, open Read full rules under House rules. These are launch values: the values shown in the app prevail.

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Market hours for GOLD and OIL

GOLD (gold) and OIL (crude oil) follow their market’s trading hours; the other 1000x markets trade around the clock. Trading hours, in the notice under the form, shows the schedule for the next 7 days in your time zone, holidays included. Any position still open when the market closes settles at the closing price, and History shows Settled at close. This applies in every mode, including Double or Nothing and Blitz. The selected market shows Closes in or Opens in with a countdown, and the form shows a notice such as GOLD closes in 8h 17m. In its last 5 minutes you can only close positions. Any position still open settles at the closing price. While a market is closed or not yet taking new positions, Long all, Short all and Spin leave it out. Right after a reopen, opens can also be refused until the price settles: the app reads GOLD price is still settling.

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How do I track my 1000x trades?

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How do I watch other traders’ 1000x positions?

The Top open positions list ranks the top twenty open 1000x positions across all traders. On jup.ag in a desktop browser, it fills the left sidebar on a wide window and sits under House rules on a narrower one. On jup.ag in a phone browser, tap the chip in the chart toolbar, between Live and All trades, to open it. Each row shows the wallet, the market, the leverage and the side. Choose a ranking: The rankings update every second from live prices. Click a row to watch that position. The chart switches to its market and shows its entry, bust price, PnL and holding time, with You’re watching and the wallet below the chart; your own Close position button is hidden meanwhile. When that trader closes or is liquidated, the chart shows their result, then leaves watch mode. Auto watch cycles through the top five positions of the selected ranking, about 8 seconds each, and skips positions that close. Hovering, panning or zooming the chart pauses it; click Stop to end it. To leave watch mode, click Exit watch mode, press Esc, pick a market or open a trade. While you watch, Share opens a PnL card for the watched position, and the link it shares opens 1000x on the same trader’s position.

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How do I see another trader’s 1000x account?

Spy mode shows another wallet’s 1000x account in place of yours, read-only: its open positions, history, PnL panel and leaderboard rank. Click Spy in watch mode, the Spy icon on a leaderboard row, or Spy on a trader’s page. A bar under the header reads Spying on and the wallet; click Exit spy mode to return to your own account. In spy mode, you cannot trade: Long, Short and Close are disabled, and the form reads Trading is off in spy mode. A spy link can be shared: it opens 1000x on the same wallet.

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What is the 1000x megaphone?

A megaphone is a message that a trader attaches to a large open, shown to everyone on 1000x. An open with a position size of $250,000 or more can carry one, such as 250 JupUSD of collateral at 1,000x. To send one, use the Classic or the Spin form, on jup.ag in a desktop or a phone browser:

1. Enter an amount and a leverage that make a position size of $250,000 or more (in Spin, the leverage is drawn after you sign, so the message is shown only if the drawn position size reaches $250,000). Below that, the form reads Megaphone unlocks at $250k position size and nothing is sent.
2. In the Megaphone row under the leverage, type a message of up to 140 characters, or pick one from Presets and edit it.
3. Open the trade as usual. If you pay with a token other than JupUSD, the message shows only if your fill reaches $250,000.

You cannot send a megaphone from Double or Nothing, from Full send or with a close. Tabs and hidden characters in the message block the trade until you remove them. The latest megaphone appears for a few seconds each time you open a 1000x page: in the bottom-right corner on desktop, under the header in a phone browser. It shows the trader’s wallet, the open’s age, side, market, leverage and size, and the message, with a sticker for the size: Loud from $250,000, Louder from $500,000, and Max volume at $1,000,000. Watch follows that trader’s position, and the close button hides the card. Full send does not show megaphones on desktop. To mute the sound a new megaphone makes, turn off Megaphones in the settings menu.

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How does the 1000x leaderboard work?

The 1000x leaderboard, which opens from Leaderboard next to the sound and settings buttons at the top of 1000x (a trophy in a phone browser), ranks wallets over 24H, 7D or All time in three categories: A filter limits the rankings to one mode: All modes, Classic or Double or Nothing. Full send and Spin positions count as Classic. Rankings update shortly after a close. Connect your wallet to see your own rank. Click a trader to open their page, with their rank, stats, open positions and closed trades, and a PnL calendar: one month at a time, each day shaded by its realized PnL, and a popover with that day’s closed trades and wins.