Phantom fee calculator: what a swap really costs
Type your swap size and how often you swap. See what Phantom charges against the other Solana wallets and trading apps, per swap and per year.
| App | Fee | A swap | A year |
|---|---|---|---|
| Backpack | 0% | $0.00 | $0 |
| Jupiter Mobile, SOL pairs | 0.1% | $1.00 | $120 |
| Raven | 0.4% | $4.00 | $480 |
| Phantom | 0.85% | $8.50 | $1,020 |
| MetaMask | 0.875% | $8.75 | $1,050 |
| Trojan | 0.9% | $9.00 | $1,080 |
| Axiom | 1% | $10.00 | $1,200 |
| Photon | 1% | $10.00 | $1,200 |
| GMGN | 1% | $10.00 | $1,200 |
| BonkBot | 1% | $10.00 | $1,200 |
On $1,000 ten times a month, Phantom costs $1,020 a year and Raven $480. Pool and network fees are the same everywhere and come on top.
How the numbers work
Each app’s fee is a percentage of the swap. A swap costs the swap size times the fee, and a year costs that times your swaps a month, times 12. Phantom’s 0.85% on $1,000 is $8.50 a swap. Ten of those a month is $1,020 a year.
We make Raven, so Raven is in the table and we have an interest in it. It is not the cheapest here: Backpack adds no fee of its own and Jupiter Mobile charges less on SOL pairs. On fees alone, pick one of those. Solflare publishes no swap rate, so it is not in the table. Raven costs less than half of Phantom and is built for people who run many wallets.
What is not in the table
The calculator shows the app’s own fee only. These come on top in every app:
- Network fee. Solana’s base fee is 0.000005 SOL per signature, plus any priority fee. See Solana network fees.
- Pool fees and price impact. The pools a route trades through take a cut, and a big swap in a small pool moves the price. Both depend on the coin, not the app.
- A new token account. Receiving a coin you have never held opens an account holding about 0.0015 SOL of rent, which comes back when you close it. See what an account costs.
Where the fees come from
Every fee is the rate the app listed in October 2026, from the same table as Solana swap fees compared. Apps change them, and some have tiers or discounts this table does not show: Jupiter Mobile runs from 0% between stablecoins to 0.5% on new coins, and Axiom and GMGN are lower with cashback or a referral. The quote screen before you sign is the final word.
Questions
How much does Phantom charge for a swap?
Phantom lists 0.85% on most swaps, so $8.50 on $1,000. A few stablecoin flows are free. Pool and network fees come on top. See Phantom fees explained.
Which Solana wallet has the lowest swap fee?
Of the apps in this table, Backpack adds 0% of its own. Jupiter Mobile is 0% between stablecoins and 0.1% on SOL pairs. Solflare publishes no rate.
Does the fee change with the size of the swap?
Not at these apps: it is a flat percentage, so a bigger swap costs more in dollars at the same rate. What can grow with size is price impact, which depends on the pool rather than the app.
Do I pay this fee when I send SOL?
No. These are swap fees. Sending SOL costs only Solana’s network fee in all of these wallets.
Sources
Raven's swap fee is 0.4%, and sending stays free apart from the network fee.
Join the waitlist