Solflare Perps is the Solflare interface to Phoenix Trade, a Solana-native perpetual futures orderbook. It lets you open and manage leveraged long or short positions on assets like SOL, BTC, and ETH, using USDC directly from your Solflare wallet.
How it works
You trade directly on Phoenix. Solflare provides the interface, meaning you sign every order yourself, from your own self-custodial wallet.
Your collateral stays on Solana. There's no bridging to another chain and no separate exchange account to set up.
Positions live in your portfolio. Once opened, your perps positions show up alongside your other holdings: SOL, USDC, xStocks, NFTs, and your Card balance.
What you should know before your first trade
Feature | At launch |
Order types | Market orders, with optional Take Profit / Stop Loss |
Margin model | Isolated only (each position has its own collateral) |
Positions per market | One open position per market at a time |
Network fees | None |
Availability | US and UK retail are fully blocked |
Where to find Perps
Mobile: Portfolio screen → Perps widget, or the Perps entry in navigation.
Web: Left sidebar → Perps.
Extension: Perps tab in the popup → opens the full trading view in expanded Extension.
Note: Solflare Perps is a self-custodial trading interface. You are always the one opening, signing, and broadcasting your orders, meaning Solflare never holds your funds or trades on your behalf.