Volume 24h$34.2M↘ 49.72%24h
Open interest$20.3M↘ 8.35%24h
Markets104+124h
Max leverage40x
Taker / maker0.035%/0.005%
BTC funding /8h+0.0100%
BTC paid 30d+1.354%
Best price arb
Open pair →LONGPhoenix89.740
SHORTGRVT90.271
Price arb here
all| SOL | long here, GRVT | +0.591% | +$44 |
| ETH | short here, BloFin | +0.347% | +$11 |
| BTC | short here, BloFin | +0.363% | +$8 |
| ZEC | long here, edgeX | +0.068% | −$4 |
Best funding arb
Open pair →LONGPhoenix+0.0100%1h52m 25s
SHORTBackpack+0.0100%1h52m 25s
Funding arb here
all| ZEC | long here, Backpack | 0.0000% | +$20 |
| NEAR | short here, Lighter RH | +0.0003% | +$10 |
| SOL | short here, Kalshi | +0.0053% | +$9 |
| BTC | short here, Deribit | +0.0037% | −$1 |
| ETH | short here, Bulk | +0.0003% | −$4 |
Markets
104 markets| Asset | Price | Funding /8h | Every | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|
| SOL SOL | 89.740 | +0.0053% | 1h | $5.1M | $10.0M | 25x |
| ZEC ZEC | 1,233.5 | +0.0100% | 1h | $4.3M | $963K | 10x |
| BTC BTC | 76,025 | +0.0100% | 1h | $1.6M | $11.8M | 40x |
| NEAR NEAR | 3.7079 | +0.0099% | 1h | $1.4M | $94K | 10x |
| ANTHROPICRWA ANTHROPIC | 1,729.9 | +0.0533% | 1h | $919K | $72K | 6x |
| ETH ETH | 2,249.4 | +0.0099% | 1h | $812K | $1.3M | 25x |
| GOOGLRWA GOOGL | 280.37 | +0.0029% | 1h | $411K | $114K | 20x |
| METARWA META | 591.68 | +0.0054% | 1h | $350K | $221K | 20x |
| HYPE HYPE | 78.947 | +0.0102% | 1h | $347K | $1.2M | 10x |
| SPCXRWA SPCX | 121.46 | +0.0066% | 1h | $284K | $429K | 15x |
| LIT LIT | 3.3258 | −0.0552% | 1h | $197K | $250K | 5x |
| TSMRWA TSM | 356.49 | +0.0090% | 1h | $184K | $33K | 10x |
| AMZNRWA AMZN | 254.93 | +0.0063% | 1h | $180K | $140K | 20x |
| SNDKRWA SNDK | 825.00 | +0.0096% | 1h | $173K | $1.1M | 15x |
| TSLARWA TSLA | 344.08 | +0.0023% | 1h | $163K | $111K | 20x |
| QQQRWA QQQ | 652.36 | +0.0330% | 1h | $142K | $249K | 20x |
| BNB BNB | 688.73 | +0.0100% | 1h | $140K | $71K | 10x |
| PUMP PUMP | 0.003947 | +0.0101% | 1h | $138K | $136K | 10x |
Before you deposit
- LiquidityMedium$20.3M open interest
- Real volumeNormalvolume is 1.7x open interest a day
- Book depthThin$4.7M within ±0.5% of the BTC price, both sides
- KYCNoneNo ID; not available in the US or sanctioned countries.
Key facts
About Phoenix
Phoenix is a decentralized perpetual futures exchange on Solana. It lists 104 active markets, traded $34.2M in the last 24 hours and holds $20.3M in open interest, #32 among the perp DEXs we track.
Funding settles every 1h. BTC longs pay +0.0100% /8h right now and paid 1.354% over the last 30 days.
News from Phoenix
allOn the farm board: ANTHROPIC on-chain trading campaign: $25,000 prize pool
| 11-04 18:52 | Product | Tailwind Rewards are now live on Phoenix. Phoenix now pays back 10% of the funding you pay on BTC, ETH, SOL and HYPE, claimable daily in the Rewards Hub. Hold your view for less. @PhoenixTrade on X ↗ |
| 10-28 15:43 | Listing | Now live on Phoenix: $DRV Derive @DeriveXYZ is an onchain options and perps exchange that settles on Ethereum with zero-knowledge proofs. DRV is the protocol token. @PhoenixTrade on X ↗ |
| 10-28 15:17 | Listing | Now live on Phoenix: $KLAC KLA Corp makes the inspection and metrology systems chipmakers use to find defects and protect yield during manufacturing. @PhoenixTrade on X ↗ |
| 10-28 14:53 | Listing | Now live on Phoenix: $AERO Aerodrome @aeroxyz is an AMM on Base. Users lock AERO to vote on where emissions go and earn the protocol's trading fees. @PhoenixTrade on X ↗ |
| 10-27 23:16 | Listing | Now live on Phoenix: $METADAO @MetaDAOProject runs fundraising and governance on Solana through futarchy. Proposals pass or fail on market prices, not token votes. @PhoenixTrade on X ↗ |
| 10-27 20:06 | Listing | new market KLAC ($KLAC) seen by our collector |
| 10-27 20:04 | Listing | new market METADAO ($METADAO) seen by our collector |
| 10-27 20:04 | Listing | new market DRV ($DRV) seen by our collector |
Volume
$49.2M↗ 25.3%90D
Open interest
$23.1M↗ 0.5%90D
Table, every 3rd day
| Day | Volume | Open interest | Share of DEX volume |
|---|---|---|---|
| Nov 4, 2026 | $49.2M | $23.1M | 0.1% |
| Nov 1, 2026 | $18.0M | $22.4M | 0.2% |
| Oct 29, 2026 | $63.1M | $22.9M | 0.2% |
| Oct 26, 2026 | $30.2M | $25.5M | 0.1% |
| Oct 23, 2026 | $31.0M | $26.6M | 0.2% |
| Oct 20, 2026 | $41.8M | $24.9M | 0.2% |
| Oct 17, 2026 | $18.5M | $23.9M | 0.2% |
| Oct 14, 2026 | $51.5M | $24.3M | 0.2% |
| Oct 11, 2026 | $21.3M | $28.2M | 0.2% |
| Oct 8, 2026 | $65.6M | $24.7M | 0.2% |
| Oct 5, 2026 | $35.3M | $26.2M | 0.2% |
| Oct 2, 2026 | $67.5M | $24.7M | 0.2% |
| Sep 29, 2026 | $51.5M | $25.3M | 0.2% |
| Sep 26, 2026 | $27.6M | $24.6M | 0.3% |
| Sep 23, 2026 | $40.9M | $24.7M | 0.1% |
| Sep 20, 2026 | $25.7M | $23.9M | 0.2% |
| Sep 17, 2026 | $28.8M | $20.6M | — |
| Sep 14, 2026 | $35.7M | $21.9M | — |
| Sep 11, 2026 | $35.8M | $20.6M | — |
| Sep 8, 2026 | $23.5M | $22.4M | — |
| Sep 5, 2026 | $12.1M | $19.9M | — |
| Sep 2, 2026 | $32.5M | $15.8M | — |
| Aug 30, 2026 | $18.7M | $15.8M | — |
| Aug 27, 2026 | $34.4M | $15.8M | — |
| Aug 24, 2026 | $43.9M | $22.4M | — |
| Aug 21, 2026 | $64.5M | $21.8M | — |
| Aug 18, 2026 | $36.3M | $25.2M | — |
| Aug 15, 2026 | $22.6M | $25.6M | — |
| Aug 12, 2026 | $39.2M | $25.4M | — |
| Aug 9, 2026 | $31.1M | $24.6M | — |
Volume by asset class
daily, last 90 daysTable, every 3rd day
| Day | Crypto | Stocks | Commodities | Pre-IPO | Other RWA | Total |
|---|---|---|---|---|---|---|
| Nov 4, 2026 | $45.3M | $5.3M | $1.0M | $94K | $5K | $51.8M |
| Nov 1, 2026 | $16.6M | $1.3M | $32K | $122K | $5K | $18.0M |
| Oct 29, 2026 | $50.2M | $9.6M | $144K | $45K | $7K | $60.1M |
| Oct 26, 2026 | $26.5M | $4.7M | $234K | $241K | $6K | $31.7M |
| Oct 23, 2026 | $22.3M | $3.8M | $324K | $134K | $13K | $26.5M |
| Oct 20, 2026 | $29.2M | $10.2M | $332K | $1.4M | $27K | $41.1M |
| Oct 17, 2026 | $17.8M | $1.4M | $89K | $343K | $5K | $19.6M |
| Oct 14, 2026 | $42.7M | $5.5M | $258K | — | $65K | $48.5M |
| Oct 11, 2026 | $20.5M | $849K | $63K | — | $6K | $21.4M |
| Oct 8, 2026 | $57.9M | $7.6M | $123K | — | $9K | $65.6M |
| Oct 5, 2026 | $27.5M | $7.3M | $1.1M | — | $15K | $35.9M |
| Oct 2, 2026 | $60.6M | $7.4M | $514K | — | $10K | $68.6M |
| Sep 29, 2026 | $45.1M | $5.4M | $637K | — | $33K | $51.2M |
| Sep 26, 2026 | $26.2M | $568K | $80K | — | $25K | $26.9M |
| Sep 23, 2026 | $36.2M | $4.8M | $455K | — | $12K | $41.5M |
| Sep 20, 2026 | $24.3M | $863K | $255K | — | $13K | $25.4M |
| Sep 17, 2026 | $21.8M | $7.2M | $261K | — | — | $29.3M |
| Sep 14, 2026 | $28.3M | $8.2M | $324K | — | — | $36.8M |
| Sep 11, 2026 | $30.7M | $4.0M | $1.5M | — | — | $36.3M |
| Sep 8, 2026 | $18.1M | $6.7M | $233K | — | — | $25.0M |
| Sep 5, 2026 | $11.7M | $482K | $39K | — | — | $12.2M |
| Sep 2, 2026 | $27.5M | $5.4M | $232K | — | — | $33.1M |
| Aug 30, 2026 | $18.1M | $620K | $52K | — | — | $18.8M |
| Aug 27, 2026 | $27.7M | $6.9M | $152K | — | — | $34.8M |
| Aug 24, 2026 | $37.8M | $5.5M | $1.1M | — | — | $44.4M |
| Aug 21, 2026 | $58.4M | $5.9M | $851K | — | — | $65.1M |
| Aug 18, 2026 | $27.3M | $8.3M | $1.4M | — | — | $37.0M |
| Aug 15, 2026 | $21.5M | $1.3M | $119K | — | — | $22.9M |
| Aug 12, 2026 | $25.4M | $11.6M | $3.2M | — | — | $40.2M |
| Aug 9, 2026 | $28.6M | $1.9M | $1.2M | — | — | $31.7M |