The New Standard for Perpetual Trading on Solana.

Phoenix Trade is a high-performance perpetual trading platform built on Solana. It combines leveraged perpetual contracts up to 25x, token swapping, on-chain order book matching, staking, and yield rewards in a single non-custodial platform. Available at phoenix-trade.org.

Connect your Solana wallet (Phantom, Solflare, Backpack, or Ledger), select your trading pair like SOL/USDC, set your leverage (up to 25x), choose Long or Short, and place your order. Phoenix Trade's order book engine automatically matches you with the best price. Transactions confirm in under 400 milliseconds.

Phoenix Trade charges a base trading fee of just 0.035% on all perpetual trades — one of the lowest fees of any major trading platform on Solana. All fees are distributed to liquidity providers and PHX stakers — zero protocol treasury cut.

Yes. Phoenix Trade has been audited by 5 independent security firms: Otter Security, Halborn, OtterSec + Neodyme, Trail of Bits, and Sec3. All smart contracts are open-source and formally verified. The protocol has secured over $640M TVL without any security incidents. A $10M bug bounty is active.

Phoenix Trade supports all major Solana wallets: Phantom, Solflare, Backpack, Glow, Coin98, Trust Wallet, Ledger hardware wallet, and any wallet compatible with the Solana Wallet Adapter standard. Mobile users can connect via WalletConnect.

Phoenix Trade offers perpetual contracts with up to 25x leverage. You can go long (bet on price increase) or short (bet on price decrease) on supported trading pairs. The platform uses cross-margin by default with an option for isolated margin. Funding rates are recalculated hourly to keep perpetual prices aligned with the index price. Take profit and stop loss orders are fully supported.

pSOL is Phoenix Trade's liquid staking token representing staked SOL. It appreciates in value relative to SOL as staking rewards accrue. Unlike native staked SOL, pSOL is fully liquid — you can use it as collateral on lending protocols, provide pSOL/SOL liquidity, bridge it cross-chain, or swap it back to SOL instantly at any time.

Solana processes blocks approximately every 400 milliseconds, making Phoenix Trade's execution among the fastest available. Transactions typically confirm within 1–3 blocks (0.4–1.2 seconds). This compares to 12–30 seconds on Ethereum-based platforms and 3–5 seconds on BNB Chain alternatives.

Solana base network fees are approximately $0.00025 per transaction — making each Phoenix Trade transaction cost a fraction of a cent in gas. Combined with Phoenix Trade's 0.035% trading fee, the total cost of a $1,000 trade on Phoenix Trade is approximately $0.35. This is up to 10,000× cheaper than equivalent platforms on Ethereum.

Yes. Phoenix Trade integrates with Jito's MEV-protection infrastructure on Solana, which routes transactions through a private mempool to prevent sandwich attacks and front-running. Combined with Solana's parallel transaction processing, Phoenix Trade offers strong MEV-resistance without sacrificing execution speed.

Phoenix Trade's referral program rewards you with 20% of the trading fees generated by users you refer, paid in real-time in PHX. There's no cap — top referrers earn thousands of dollars monthly. Generate your referral link from the Rewards tab once you connect your wallet. Referral rewards are claimable at any time.

vePHX (vote-escrowed PHX) is received when you lock PHX tokens for a chosen period (1 week to 4 years). The longer you lock, the more vePHX you receive. vePHX earns boosted APY (up to 2.5× base rates), protocol fee revenue share (50% of all fees), and voting power over pool emission allocations and governance proposals.

Phoenix Trade is a fully on-chain, non-custodial protocol with no KYC requirements and no geographic restrictions at the smart contract level. The frontend at phoenix-trade.org may have geo-restrictions in certain jurisdictions in compliance with local laws. Users interact directly with Solana programs and are responsible for compliance with their local regulations.

Yes. Phoenix Trade supports on-chain limit orders for all trading pairs. Set your desired price and the order executes automatically when the market reaches your target. Limit orders are non-custodial and can be cancelled at any time. They're powered by Phoenix's native on-chain order book engine with price-time priority matching.

Yes. Phoenix Trade is fully responsive and works in any mobile browser. For the best experience, use Phantom or Solflare's built-in browser on iOS or Android. Phoenix Trade also works seamlessly inside Backpack's integrated app browser.

Full documentation is available at docs.phoenix-trade.org. For technical support, join the Phoenix Trade Discord server. Developer APIs and SDKs for building on top of Phoenix Trade are documented in the developer portal. Follow @PhoenixTrade on X (Twitter) for announcements and updates.