Trading

Swap, bridge, or trade tokens and perps—plus understand gas, slippage, and trade execution.

Trade prediction markets in Phantom

Prediction markets let you trade on the outcomes of real-world events across sports, politics, crypto, and culture. M...

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About trading equity perps in Phantom

Equity perps are perpetual futures contracts that mirror the price of US equities and market indices using oracle fee...

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Trade tokens and perps in Phantom Terminal

Use Phantom Terminal to trade Solana tokens and Hyperliquid perps from your desktop browser. Phantom Terminal is avai...

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Perp trading FAQ

This article answers the most common questions about trading perpetual futures (perps) in the Phantom mobile app and ...

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Why did I pay gas for a failed transaction?

If your transaction fails, you still pay a network fee (also known as gas). It covers the work validators on the netw...

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Trade tokenized stocks in Phantom

Tokenized stocks are blockchain-based tokens that represent shares of publicly traded US equities, such as Nvidia, Ap...

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Phantom X Solsniper

This document answers the key questions about Phantom's acquisition of Solsniper.Has Phantom acquired Solsniper?Yes. ...

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Trade perps in Phantom on mobile

Trade perpetual futures in the Phantom mobile app. Positions sync automatically with Phantom Terminal when using the ...

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About perp trading in Phantom

Phantom perps are powered by Hyperliquid, a decentralized exchange for perpetual futures. When you open a position, y...

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Use gasless swaps on Solana in Phantom

Swaps on Solana usually require a small amount of SOL to cover network fees (gas). If your wallet doesn’t have enough...

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What is a priority fee?

A priority fee helps your transaction get processed faster on the Solana network. When the network is busy, validator...

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Swap Bitcoin in Phantom

You can swap Bitcoin directly in Phantom on mobile and the extension. This lets you trade between Bitcoin and other t...

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Swap low-liquidity tokens

If you're trying to swap a token but seeing errors like "No quotes available" or high price impact warnings, the toke...

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What is price impact?

If you received fewer tokens than expected after a swap, it’s often due to price impact.Price impact is the change in...

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Why am I seeing "Not Enough Funds" when sending a transaction?

If you see a “Not Enough SOL,” “Not Enough ETH,” or "Not Enough (other token)" error, it means you don’t have enough ...

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Understanding the profit and loss numbers in Phantom

When viewing your token balances in Phantom wallet, you may notice a red or green number displayed under each token—t...

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What is slippage?

Slippage is the difference between the price you see when starting a swap and the price you get when it completes.  h...

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Cancel a pending EVM transaction

You can cancel a transaction only if it’s still pending and it was sent on a supported EVM network (like Ethereum, Ba...

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Why is my transaction still pending?

If your transaction is stuck as pending, it usually means it hasn’t been confirmed by the network yet. This is more c...

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How to speed up a transaction

When network activity is high, transactions can take longer than expected to confirm.Phantom automatically recommends...

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Swap tokens in Phantom

You can swap tokens on the same chain or across different chains. Phantom routes swaps through trusted decentralized ...

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