Phantom wallet fees
0.85% Phantom fee on most swaps (including cross-chain swaps), plus network fees and price impact. Swapping supported stablecoins (USDC, USDT, USDG, PYUSD) into the Cash account is free. Perps cost 0.095% per position operation (0.05% Phantom + 0.045% Hyperliquid). On a $1,000 trade that you later sell, Phantom's own fees come to about $17.00, or $15.30 with a referral discount. Network (gas/priority) fees and pool fees are charged on top.
Checked 2026-10-16 · fee sourceThe fee schedule
| Fee | Type | Rate | Applies to | Note |
|---|---|---|---|---|
| Phantom swap fee | platform | 0.85% | Buy and sell | Applied to most swaps, buy or sell. Some flows (e.g. deposits to the perps balance) carry no Phantom fee. |
| Stablecoin to Cash account | platform | 0% | buy | Swapping USDC, USDT, USDG or PYUSD into the Cash account is free. |
| Network fee | network | — | Buy and sell | Paid in the chain's native token; cross-chain swaps can incur fees on both chains. |
| Price impact / bridge fee | lp | — | Buy and sell | Onchain liquidity cost; on cross-chain swaps the bridge provider fee (LI.FI, Relay, deBridge, Garden) is folded into price impact. |
| Gasless transaction fee | network | — | Buy and sell | Gasless Solana transactions include a flat fee deducted from the token used; amount not published. |
| Prediction market fee | platform | — | Buy and sell | 0.1 x p x (1-p) x contracts; e.g. 100 Yes contracts at $0.75 = $1.875. |
| Perps deposit/withdrawal | protocol | 0.07% | Buy and sell | Hyperliquid charges 1 USDC on first deposit and first withdrawal, then a 0.07% spot swap fee plus network fee. |
| Trade size | Phantom fee, buy + sell | With sign-up discount |
|---|---|---|
| $100 | $1.70 | $1.53 |
| $1,000 | $17.00 | $15.30 |
| $10,000 | $170.00 | $153.00 |
Perps: taker 0.095%, maker — — 0.095% per position operation (open, add margin, flip, close) = 0.05% Phantom builder fee + 0.045% Hyperliquid. Can vary by order type, market, account tier; HIP-3 (equity) markets can add deployer fees.
Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.
Phantom vs similar venues
Phantom and alternatives. Platform fee only; network and pool fees are extra.
Fees DexSheet doesn't count
- Network fees: Solana base + priority fees, or gas on EVM chains. Usually cents on Solana, but priority tips during busy launches can be more.
- Pool (LP) fees: the DEX pool the trade routes through takes its own cut (for example Pump.fun's bonding curve charges 1.25%).
- Price impact and slippage: on thin memecoin pools this is often bigger than every fee combined.
FAQ
How much does Phantom charge per trade?
0.85% Phantom fee on most swaps (including cross-chain swaps), plus network fees and price impact. Swapping supported stablecoins (USDC, USDT, USDG, PYUSD) into the Cash account is free. Perps cost 0.095% per position operation (0.05% Phantom + 0.045% Hyperliquid).
Does Phantom charge on both buy and sell?
Yes. The platform fee applies to buys and to sells, so a round trip costs about twice the per-trade rate.
How do I pay lower fees on Phantom?
Sign up with a code (10% of own eligible trading fees rebated for 3 months, paid in CASH).
What is Phantom's swap fee?
Phantom charges a 0.85% fee on most swaps, including cross-chain swaps, plus network fees and price impact. Swapping USDC, USDT, USDG or PYUSD into the Cash account is free, and some flows such as perps-balance deposits carry no Phantom fee.
How much does it cost to trade perps in Phantom?
Opening, adding margin, flipping or closing a position costs 0.095%: 0.05% to Phantom and 0.045% to Hyperliquid. Hyperliquid also charges 1 USDC on the first deposit and first withdrawal, then 0.07% plus network fees on later ones.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Swap crypto in Phantom (Phantom Help) — checked 2026-10-16
- Trade perps in Phantom (Phantom Help) — checked 2026-10-16
- Understanding perp trading in Phantom (Phantom Help) — checked 2026-10-16
- Supported networks (chains) in Phantom — checked 2026-10-16
- Ending support for Monad in Phantom — checked 2026-10-16
- Ending support for Sui in Phantom — checked 2026-10-16
- Supported platforms and browsers (Phantom Help) — checked 2026-10-16
- Phantom Referral Program guide — checked 2026-10-16
- Feature availability by region (Phantom Help) — checked 2026-10-16
- Trade predictions in Phantom — checked 2026-10-16
- Understanding gasless transactions on Solana in Phantom — checked 2026-10-16
- Understanding gasless EVM transactions in Phantom — checked 2026-10-16
- Trade spot and perps in Phantom Terminal — checked 2026-10-16
- About Phantom — checked 2026-10-16
- Phantom's $109M Series B and launch of iOS App — checked 2026-10-16
- Phantom raises $150M Series C — checked 2026-10-16
- Keeping Phantom safe from the "Demonic" critical vulnerability — checked 2026-10-16
- The Block: Phantom says its systems were uncompromised in $4 million hack — checked 2026-10-16
- Decrypt: Phantom Wallet sued over $500K meme coin theft — checked 2026-10-16