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Documentation Index

Fetch the complete documentation index at: https://dev.jup.ag/docs/llms.txt

Use this file to discover all available pages before exploring further.

This page covers how Metis decides which markets to include in routing. Markets follow one of two routing types: Instant routing for new markets on supported DEXes, and Normal routing, the default, with a periodic liquidity check.

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Routing types

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Instant routing

New markets created on supported DEXes are listed automatically. During a grace period, the liquidity criteria do not apply. The grace period is determined by token age, not market age. A new pool created for an existing token does not reset the grace period.
Token ageScenarioResult
—Token minted, no pool—
1 dayFirst pool created and tradingWithin grace period, instant routing
20 daysSecond pool created and tradingWithin grace period, instant routing
30 daysThird pool created and tradingOutside grace period, normal routing
After the grace period ends, the liquidity criteria apply (see Liquidity criteria). For bonding curves: if the token does not graduate before the grace period ends, the market is removed from routing. Once the bonding curve graduates to a new market, the graduated market is added to routing.
  • Meteora Dynamic Bonding Curve
  • Meteora Dynamic AMM
  • Meteora DAMM V2
  • Meteora DLMM
  • Raydium
  • Raydium CLMM
  • Raydium CPMM
  • Raydium Launchlab
  • Pump.fun AMM
  • Pump.fun
  • Fluxbeam
  • Whirlpool
  • Moonshot
  • Virtuals
  • Boop.fun

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Normal routing

The default for all markets. Every 30 minutes, the routing engine re-checks the liquidity of each market. Markets that fail the check are removed from routing.

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Liquidity criteria

A market must pass one of the following to remain routable.

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1. Less than 30% price difference on a $500 round-trip

Using a benchmark position size of $500, the price difference between buying $500 worth and selling it back on the same market must be less than 30%. 
Price Difference = ($500 - Final USD value) / $500
If the price difference exceeds 30%, the market does not have enough liquidity for the benchmark position size.

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2. Less than 20% price impact comparing $1000 vs $500 buys

If the round-trip test does not pass, the engine compares the price per token from a $1000 buy against the price per token from a $500 buy. If the price impact between the two buys exceeds 20%, the market is considered illiquid.
You can check your pool’s liquidity directly via the UI of the DEX it was created on.

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What integrators see when a market is removed

These criteria apply to Metis. When a market is removed from Metis routing:
  • /swap/v1/quote returns NO_ROUTES_FOUND
  • /swap/v2/build returns No routes found
  • /swap/v2/order may still return a quote via another router (JupiterZ, OKX, or Dflow)
If a token quotes on jup.ag but /swap/v1/quote returns NO_ROUTES_FOUND, the route is most likely coming from a non-Metis router. Use /swap/v2/order for Meta-Aggregator coverage across all routers.