Solana P&L lets you see how each token in your wallet is performing directly in Phantom. Rather than relying on price movement alone, it shows how your actual trades have performed, including fees.
A few things to know upfront: this feature supports tokens on Solana only, is calculated per account (not across all accounts in your wallet), and is not intended for tax purposes. Historical P&L is backfilled automatically when you set up a new wallet. Solana P&L is only available in the Phantom mobile app at launch.
Solana P&L metrics
Solana P&L shows how your token purchases have performed compared to the price you paid. It tracks the following metrics:
- Value: The current USD value of your holdings in this token.
- Cost Basis: What you paid for the tokens you currently hold.
- Total: Your combined unrealized and realized returns.
- Realized: Your return on tokens you have sold.
- Unrealized: Your potential return if you sold your holdings now.
- 24h Change: Price movement over the past 24 hours.
- Transaction-level details: A breakdown for each individual trade.
View your Solana P&L in Phantom
- Open the Phantom mobile app.
- Select a token on Solana, such as SOL.
- Scroll down to Position. You will see your Value, Balance, 24h Change, and Unrealized Return.
- Tap Position and under Profit and Loss, find your Cost Basis, Total, Realized, and Unrealized.
- Scroll down to History for your full transaction history with this token. Each row shows the realized return and P&L percentage for completed trades.
- Tap any transaction to see Cost Basis, Return, and Received (for swaps).
How the numbers work
Realized
Your profit or loss on tokens you have sold.
Unrealized
Your profit or loss on tokens you currently hold, based on the current market price. Shown as Unrealized Return on the token page, and as Unrealized in the P&L view after you tap Position.
Total and 24h Change
Total combines realized and unrealized returns to give you a complete picture of how your investment has performed since your first interaction with that token. Keep in mind that a token can be up today while your Total is still negative if you originally bought at a higher price. This is different from 24h Change, which only reflects how the token's price has moved over the past 24 hours.
Cost Basis
This reflects what you paid for the tokens you currently hold, calculated using the Weighted Average Cost (WAC) method. WAC combines all your purchases into one average price based on how much you bought at each price, rather than tracking each purchase separately. For example, if you buy 1 SOL at $100 and later buy 1 SOL at $200, your cost basis is $150 per SOL. When you sell, Phantom uses this price to calculate your realized return.
Sends and receives are recorded at the market price at the time of transfer. If you send SOL from a centralized exchange to Phantom, it is treated as having zero profit or loss at that moment, which prevents artificial gains or losses from appearing when you move assets between wallets.
All calculations include fees, so your return reflects actual performance after transaction costs.
Transaction-level metrics
Each trade shows the following:
- Cost Basis: The total amount spent, including fees.
- Return: The realized profit or loss for that trade, shown as both a dollar value and a percentage.
- Received: The amount of another token received from a swap.