Flash Trade
Pool-to-peer perpetuals and spot exchange on Solana with up to 500x leverage.
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Flash Trade key facts
| Category | Derivatives exchange |
|---|---|
| Chains | Solana |
| Platforms | Web, SDK |
| Custody | Non-custodial |
| Fees | 0.02% open/close on majors; 0.1% on meme markets |
| US availability | Not available: US persons prohibited |
| Security audits | Offside Labs (2025), Halborn (2023, 2024) |
| Token | FAF, 1,000,000,000 supply on Solana |
FAF token
- Price
- $0.0001 -0.0% 24h
- Market cap
- $102,543
- Fully diluted value
- $102,543
- 30-day change
- -32.8%
Market data: CoinGecko, updated Sep 26, 2026. Educational content, not financial advice.
What is Flash Trade?
Flash Trade is a perpetuals and spot exchange on Solana that trades against a liquidity pool (FLP) rather than an order book, with up to 500x leverage and Pyth price feeds. Open and close fees start at 0.02% on majors. The FAF token gets 50% of protocol revenue.
Flash Trade usage
From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.
Flash Trade pros and cons
- 0.02% open/close fee on SOL, BTC and ETH
- Audits by Offside Labs and Halborn
- 50% of protocol revenue goes to FAF holders
- US persons are prohibited by the terms of service
- Spread is charged on both entry and exit
- Meme markets cost 0.1% and ORE 0.5% per open or close
Flash Trade FAQ
What is Flash Trade?
Flash Trade is a perpetuals and spot exchange on Solana that trades against a liquidity pool (FLP) rather than an order book, with up to 500x leverage and Pyth price feeds. Open and close fees start at 0.02% on majors. The FAF token gets 50% of protocol revenue.
How much value is locked in Flash Trade?
$233,112.8 according to DefiLlama on Sep 26, 2026. It is deployed on 1 chain: Solana.
How much does Flash Trade cost?
0.02% open/close on majors; 0.1% on meme markets, according to Flash Trade’s own page (checked Sep 26, 2026).
How much do users pay Flash Trade in fees?
$9,936 over the last 30 days, according to DefiLlama on Sep 26, 2026.
Does Flash Trade have a token?
Yes, FAF. Its market cap was $102,543 on CoinGecko on Sep 26, 2026. Educational content, not financial advice.
Is Flash Trade available in the US?
Not available: US persons prohibited, according to Flash Trade’s own page (checked Sep 26, 2026).
Does Flash Trade hold my funds?
No. Flash Trade is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Flash Trade: official site, Flash Trade: Docs, Fees, Flash Trade: Terms of Service. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.