Discover Flash Trade, the decentralized exchange on Solana. Trade cryptocurrencies with up to 100x leverage and minimal fees in a seamless environment.
About Flash Trade
lash Trade is a decentralized spot and perpetuals exchange built on Solana. It lets you trade crypto markets—and selected synthetic markets like FX, metals, and crude oil—directly from a self-custodial wallet with fast execution and on-chain settlement. Flash Trade uses a pool-to-peer design: traders interact against a shared liquidity pool at oracle prices, rather than an order book. This structure aims to provide instant fills with minimal price impact and consistent liquidity for supported assets.
Flash Trade integrates Pyth Network price feeds and a rules-based “pricing engine” to handle volatility, confidence intervals, and spreads. During normal conditions, orders quote off the oracle; in periods of high volatility, the protocol can widen spreads, add a one-time “volatility fee” on new positions, or shift to “Close Only” to protect liquidity providers.
The platform supports popular Solana wallets (e.g., Phantom, Backpack, Solflare), and you typically need a small amount of SOL to cover network fees. Assets available include major crypto (SOL, BTC, ETH, USDC), Solana ecosystem tokens (e.g., JUP, PYTH, JTO, RAY, KMNO, W), and selected synthetic markets (forex pairs and metals).
For liquidity providers, Flash Trade offers two liquidity tokens: FLP, which auto-compounds fees into the token’s price, and sFLP, which pays out protocol fees to your wallet in USDC on an hourly cadence. Both receive a defined share of trading and margin fees generated by the protocol’s pools.
Flash Trade also includes a native token, FAF, which controls futarchy-based governance. Stakers receive a direct 50% share of protocol revenue in USDC on an ongoing basis, alongside epoch-based FAF rewards with Voltage Points multipliers.
Flash Trade Features
Flash Trade combines a pool-to-peer execution model with oracle pricing, multi-asset support, and LP tokens designed for either auto-compounding or USDC income. The trading interface supports high leverage on selected pairs with built-in risk controls and order management.
Built-in trading interface
Buy and sell directly from the token’s page within the platform.
Limit Orders
Automatically buy or sell at specific price targets.
MEV Protection
Secure transactions against MEV attacks.
Secure and non‑custodial
This tool never accesses private keys—transactions are signed through your wallet.
Swap
Direct token-to-token trades with DEX routing and slippage control.
Referral Program
Earn rewards by inviting other users.
What makes Flash Trade special?
Flash Trade stands out for its pool-to-peer model, risk-aware pricing and volatility controls, multi-asset coverage, and clear value paths for both traders and liquidity providers.
Asset-backed vs. synthetic pools: For crypto, positions are backed by underlying assets in the pool; for synthetic markets (e.g., FX, metals, crude oil), a stablecoin pool backs positions with defined payout limits for extreme upside to protect solvency. This dual-pool architecture is unusual among Solana DEXs.
Structured volatility handling: Flash Trade formalizes rules for high volatility and wide oracle confidence intervals, including per-asset thresholds, backup oracle behavior, and size-based spreads.
Transparent fee shares to LPs: Fee distribution per pool is documented (e.g., Crypto Pool 70% to LPs; certain meme pools up to 100% to LPs). Distribution to LPs occurs on an hourly basis.
Direct revenue share to stakers: 50% of protocol revenue goes to FAF stakers, paid in USDC, with on-chain accounting and six-hour vault cycles.
Audited code and economic analysis: Flash Trade lists audits by Halborn (2023 & 2024) and Offside Labs (2025), and describes an economic audit of its margin engine conducted with GriGonTok.
Trade from wallet: The web interface emphasizes account abstraction—no centralized account balances—plus isolated margin control per position.
Pricing
Discover the pricing options available for Flash Trade
Paid
Flash Trade publishes a detailed fee schedule by pool/asset:
Pool 1 (Crypto: BTC/ETH/SOL)
Open/Close fee: 0.051% of position size (applies to both entry and exit). Margin fee is utilization-based (rates increase as pool utilization rises; utilization capped at 90%). If you use non-native collateral, swap fees apply per formula.Pool 2 (Synthetic: FX, metals, crude oil)
Open/Close fee: 0.08% (FX), 0.10% (metals), 0.15% (crude oil). Margin fees follow the same utilization model as Pool 1.Pool 3 (Solana ecosystem tokens)
Open/Close fee: 0.11% of position size. Utilization-based margin fees and pool-ratio-based swap fees apply.Pools 4+ (Meme assets)
Open/Close fee: 0.12% of position size, with margin/swap fees per published formulas.
Additional cost behaviors:
The pricing engine can add a one-time “volatility fee” on new/increasing positions during High Volatility Flag periods (e.g., 8 bps BTC, 11 bps ETH, 15 bps SOL—values may change). Spreads also widen with order size (e.g., SOL 0%–0.12%).
LP fee share varies by pool (e.g., Crypto/Stable/Solana DeFi at 70% to LPs; some meme pools up to 95%–100% to LPs). LP fees distribute hourly.
FAF staking revenue share: 50% of protocol fees to stakers, paid in USDC roughly every six hours via vaults.
If you plan to provide liquidity or trade synthetic assets, review market hours for those instruments (e.g., FX/metals trade Sunday 5pm ET–Friday 5pm ET; crypto is 24/7). Availability of specific non-crypto markets can depend on the app at the time you use it.
How to get started
Setup is simple—connect a Solana wallet, fund it with SOL for fees, choose a market, and place an order with risk controls. The docs offer step-by-step guides for first trades and swaps.
1
Connect a supported Solana wallet
2 minutes
Easy
Use a wallet such as Phantom, Backpack, or Solflare, and keep your recovery phrase secure.
2
Fund your wallet
2 minutes
Easy
Deposit the asset you plan to trade or collateralize (e.g., SOL/USDC). Keep a little SOL for transaction fees.
3
Select a market and direction
2 minutes
Easy
In the trading interface, choose the pair (e.g., SOL/USDC), then pick Long or Short.
4
Configure size, leverage, and risk
2 minutes
Easy
Enter position size, adjust leverage (up to 100x on selected markets), and set Take Profit and Stop Loss. Optionally place Limit orders.
5
Review and execute
2 minutes
Easy
Confirm order details (including slippage tolerance), submit, and monitor the position in the Positions panel. You can modify TP/SL, scale in/out, or close at any time.
Pro Tips
Tip 1
Keep a small SOL balance for network fees, and verify you’re on the official URL before connecting your wallet.
Frequently Asked Questions
Get answers to the most common questions about this tool
What is Flash Trade?
Flash Trade is a decentralized perpetuals trading protocol on the Solana blockchain, enabling users to trade various cryptocurrencies with up to 100x leverage directly from their wallets.
How does Flash Trade operate?
Utilizing a unique pool-to-peer model, Flash Trade allows traders to engage in leveraged positions without the need to deposit assets into a centralized account. This model ensures zero price impact and minimal spreads during trading.
What is the 'Flash Beasts' NFT feature?
Flash Beasts are unique NFTs within the Flash Trade ecosystem that generate passive yield and serve as identity accounts. Users can mint these NFTs and participate in quests to unlock additional benefits.
Is Flash Trade free to use?
While accessing the platform is free, trading involves fees such as spreads and funding rates. Additionally, providing liquidity may yield returns from trading and margin fees.
What wallets can I use with Flash Trade?
Phantom, Backpack, Solflare, and other popular Solana wallets are supported. Always ensure you have SOL for network fees.
What leverage does Flash Trade offer?
Up to 100x leverage on selected pairs. Actual availability varies by market; check the order panel before trading.
How are fees structured for trades?
Fees include an open/close fee (e.g., 0.051% for BTC/ETH/SOL), a utilization-based margin fee while positions are open, and swap fees if your collateral differs from the traded asset. Synthetic and Solana-ecosystem pools have their own posted open/close rates.
What’s the difference between FLP and sFLP for LPs?
FLP auto-compounds fees into the token price; sFLP pays fees out in USDC (hourly). Both earn a specified share of pool fees. Choose the one that matches your preferred payout style.
