Phoenix
Users navigate to the web application (phoenix.trade) or utilize the official command-line interface (Vulcan).
What is Phoenix?
Phoenix brings together matching engine and order types & risk controls. Features a FIFO (First-In-First-Out) order book model, spline liquidity layers, and built-in self-trade prevention. Market and limit orders, integrated take-profit (TP) and stop-loss (SL) triggers, leverage tiers, and real-time account health / risk tier liquidations.
Its documented workflow includes: Users navigate to the web application (phoenix.trade) or utilize the official command-line interface (Vulcan). View live market data, order books, candles, and funding rates. Place, modify, or cancel limit and market orders with optional take-profit (TP) and stop-loss (SL) parameters.
The platform documentation describes wallet access this way: Users maintain full self-custody and direct control of their assets via their connected Web3 wallets or user-managed local keys within the developer tooling.
Official resources
Supported networks
- Solana
Phoenix features
Matching Engine
Features a FIFO (First-In-First-Out) order book model, spline liquidity layers, and built-in self-trade prevention.
Order Types & Risk Controls
Market and limit orders, integrated take-profit (TP) and stop-loss (SL) triggers, leverage tiers, and real-time account health / risk tier liquidations.
Developer and Agent Tooling (Vulcan
An official human- and agent-friendly CLI tool featuring structured JSON output, a local Model Context Protocol (MCP) server integration, and bundled technical indicator calculations (RSI, MACD, Bollinger Bands, ATR, VWAP, EMA, etc.).
Paper Trading
Documented local paper mode option to execute strategies against live market data without real financial risk.
How to use Phoenix
Accessing the Platform
Users navigate to the web application (phoenix.trade) or utilize the official command-line interface (Vulcan).
View live market data, order
View live market data, order books, candles, and funding rates.
Place, modify, or cancel limit
Place, modify, or cancel limit and market orders with optional take-profit (TP) and stop-loss (SL) parameters.
Manage active positions across cross
Manage active positions across cross or isolated margin frameworks.
Who is Phoenix for?
Phoenix is suited to users looking for matching engine and order types & risk controls on Solana. Its documented workflow includes wallet funding and balance management.
Before you use it
- Access is strictly prohibited for users residing in the United States or other sanctioned jurisdictions.
- Trading perpetual futures with leverage involves high financial risk.
- Official tools (like the Vulcan CLI) execute irreversible financial transactions directly on Solana Mainnet when deployed live; users are explicitly responsible for local wallet security and agent permission parameters.
