fomo vs Phantom: swap fees, perps and custody

What one spot buy costs

Each app's own fee on one buy, from its published schedule. fomo's rows come from its fee schedule through our fee engine; nobody's fee here is measured.

$25 buy$100 buy$1,000 buy

• fomoSolana, lowest-fee route $0.50
• fomoSolana, other routes $0.95
• fomoBase, BNB Chain, Ethereum and other chains $0.13
• pump.fun appPlatform Fee, web and mobile app, no referral code $0.11
• PhantomIn-wallet swap $0.21
• AxiomBase fee, lowest cashback tier $0.25
• MoonshotBuy or sell in the app $0.99
• RobinhoodStandard trade (market maker routing, the default) no commission; spread not published
• RobinhoodExchange routing, lowest volume tier, market order $0.24
• CoinbaseSimple buy or sell in the app not published

• fomoSolana, lowest-fee route $0.95
• fomoSolana, other routes $0.95
• fomoBase, BNB Chain, Ethereum and other chains $0.50
• pump.fun appPlatform Fee, web and mobile app, no referral code $0.45
• PhantomIn-wallet swap $0.85
• AxiomBase fee, lowest cashback tier $1.00
• MoonshotBuy or sell in the app $1.00 to $2.50
• RobinhoodStandard trade (market maker routing, the default) no commission; spread not published
• RobinhoodExchange routing, lowest volume tier, market order $0.95
• CoinbaseSimple buy or sell in the app not published

• fomoSolana, lowest-fee route $5.00
• fomoSolana, other routes $5.00
• fomoBase, BNB Chain, Ethereum and other chains $5.00
• pump.fun appPlatform Fee, web and mobile app, no referral code $4.50
• PhantomIn-wallet swap $8.50
• AxiomBase fee, lowest cashback tier $10.00
• MoonshotBuy or sell in the app $10.00
• RobinhoodStandard trade (market maker routing, the default) no commission; spread not published
• RobinhoodExchange routing, lowest volume tier, market order $9.50
• CoinbaseSimple buy or sell in the app not published

Fee on one spot buy by app and trade size

App and published rate	$25	$100	$1,000
fomoSolana, lowest-fee routeFloors below $190, then 0.50%Network fee: fomo pays Solana gas	$0.50	$0.95	$5.00
fomoSolana, other routes0.50%, $0.95 minimumNetwork fee: fomo pays Solana gas	$0.95	$0.95	$5.00
fomoBase, BNB Chain, Ethereum and other chains0.50%Network fee: You pay the network fee on top	$0.13	$0.50	$5.00
pump.fun appPlatform Fee, web and mobile app, no referral code0.45%Network fee: You pay Solana gas; on EVM chains pump.fun pays gas and adds 0.10% to 0.15%	$0.11	$0.45	$4.50
PhantomIn-wallet swap0.85% on most swapsNetwork fee: You pay; some swaps are gasless (sponsored)	$0.21	$0.85	$8.50
AxiomBase fee, lowest cashback tier1%, about 0.95% net of cashbackNetwork fee: You pay, including a priority fee you set	$0.25	$1.00	$10.00
MoonshotBuy or sell in the app2.5% (about $0.99 minimum) to $100, 1% aboveNetwork fee: A separate 'crypto fee' for the network and routing, shown before you confirm	$0.99	$1.00 to $2.50	$10.00
RobinhoodStandard trade (market maker routing, the default)No commission; spread not publishedNetwork fee: Not applicable inside the account	no commission; spread not published
RobinhoodExchange routing, lowest volume tier, market order0.95% (0.50% on resting limit orders)Network fee: Not applicable inside the account	$0.24	$0.95	$9.50
CoinbaseSimple buy or sell in the appNot published as a scheduleNetwork fee: Not applicable inside the account	not published

Each row is the app’s own fee on one trade and nothing else. Outside every row: pool and LP fees (including pump.fun’s on-chain protocol and creator fees, which apply on every app), any spread built into a quoted price, network fees unless the row says the app pays them, price impact, slippage and token taxes. Perps rows exclude funding (or Moonshot’s borrowing fee) and assume a market order at each venue’s base tier.

• fomo, Solana, lowest-fee route: Which Solana route is available changes from trade to trade, so the same size can cost either fomo Solana row.

What a perps trade costs

Perps (perpetual futures) let you bet on a price with borrowed money; the fee is charged on the full position size, not your margin. Bars: opening a $1,000 position with a market order.

• fomoUp to 0.05% fomo fee plus Hyperliquid taker fee up to $0.95
• HyperliquidDirect, base tier, taker $0.45
• Phantom0.05% Phantom fee plus Hyperliquid $0.95
• pump.fun appUp to 0.05% builder fee plus Hyperliquid up to $0.95
• AxiomPerpetuals tab, on Hyperliquid not published
• MoonshotLeverage: transaction fee only (borrowing fee extra) $1.00
• CoinbaseUS perpetual-style futures (Coinbase Derivatives) not on a page we could read

Perps fee per side by app and position size

App and published rate	$25	$100	$1,000	Open + close $1,000
fomoUp to 0.05% fomo fee plus Hyperliquid taker feeup to 0.095% per side	up to $0.024	up to $0.095	up to $0.95	up to $1.90
HyperliquidDirect, base tier, taker0.045% per side	$0.011	$0.045	$0.45	$0.90
Phantom0.05% Phantom fee plus Hyperliquid0.095% per side	$0.024	$0.095	$0.95	$1.90
pump.fun appUp to 0.05% builder fee plus Hyperliquidup to 0.095% per side	up to $0.024	up to $0.095	up to $0.95	up to $1.90
AxiomPerpetuals tab, on HyperliquidNot published	not published
MoonshotLeverage: transaction fee only (borrowing fee extra)0.20% ($0.25 minimum) to $100, 0.10% above	$0.25	$0.25	$1.00	$2.00
CoinbaseUS perpetual-style futures (Coinbase Derivatives)Not read	not on a page we could read

Per side means one execution: you pay it again when you close. Excludes funding payments (or Moonshot's borrowing fee) and assumes the lowest volume tier with no staking or referral discount. On Hyperliquid's stock, commodity and other builder-deployed markets the Hyperliquid part of the fee is set per market. fomo and pump.fun publish only a maximum for their own part, so their rows read "up to". fomo's minimum position is 15 USDC.

Beyond cost

fomo and Phantom compared on custody, chains, platforms and availability

Feature	fomo	Phantom
What it is	Phone-first trading app with a social feed of every trade	Self-custodial multichain wallet with swaps, perps and a Cash account
Who holds your crypto	Non-custodial wallets on Privy; the key is split into shares and you can export it from Settings	Self-custodial: a recovery phrase, or a wallet tied to your Google or Apple login; Phantom says it never has access
Chains	Solana, Base, BNB Chain, Monad, Ethereum, Robinhood Chain, Arc and Elysium from one cash balance; perps on Hyperliquid	Solana, Ethereum, Base, BNB Chain, Polygon, Bitcoin, Robinhood Chain, Arc and more
Platforms	iOS, Android and web	iOS, Android, browser extension, and Phantom Terminal on the web
Funding	USDC, Apple Pay, debit card, Pay with Coinbase, and US bank (ACH) for some accounts; card and bank on mobile only	Cash account funded by Apple Pay, Google Pay, debit card or bank; bank and Stripe funding in the US except New York
Perps	Yes, Hyperliquid markets including stocks and commodities; not for US persons	Yes, on Hyperliquid, 0.05% Phantom fee; not in the US or UK
In the US	Spot trading yes; perps and tokenized stocks no	Wallet and swaps yes; perps and tokenized stocks no
Social features	Feed of every trade, following, theses, leaderboards and clans; no copy trading	Profiles linked to X with followers; Live Trades lets you prefill a copy of someone’s perp trade, which you then confirm

The short version

Phantom is a general-purpose wallet: Bitcoin, Ethereum, Solana and several other chains, a Cash account, prediction markets and tokenized stocks in some countries, and a swap button. fomo is built for one job, trading tokens, with a feed of what other users trade. On the fee for one Solana buy, neither is cheaper at every size: Phantom is lower at $25 and $100, fomo at $1,000.

Spot fees: a percentage against a floor

Phantom’s swap fee is a flat 0.85% on most swaps, with no minimum except a $2 minimum swap on cross-chain swaps and on Robinhood Chain. Swaps from stablecoins into its Cash account and deposits to the perps balance carry no Phantom fee.

fomo’s Solana fee has floors below $190 and a straight percentage above it. That is why Phantom’s flat percentage wins on small buys and fomo’s wins on large ones. On the other chains fomo charges a percentage at every size, and you pay the network fee on top; on Solana fomo pays it for you. Phantom says network fees vary and some swaps are gasless.

Perps: the same structure

Both apps send perps orders to Hyperliquid and add their own fee to Hyperliquid’s. Phantom publishes 0.095% per side (0.05% Phantom plus 0.045% Hyperliquid); fomo publishes “up to” 0.05% on top of Hyperliquid’s fee. At Hyperliquid’s base tier, fomo costs at most what Phantom costs, as the perps table shows; fomo publishes only its maximum. Neither offers perps to people in the US, and Phantom also excludes the UK. Leverage can wipe out a position quickly in either app.

Who each one suits

• Phantom suits someone who wants one wallet for many chains, including Bitcoin, who makes small or occasional swaps, or who already uses its browser extension with other apps.
• fomo suits someone whose trades are mostly above the size where its fee drops below Phantom’s, who trades on several chains from one cash balance, or who wants a feed of other traders’ positions. fomo has no copy trading; Phantom’s Live Trades can prefill a copy of another trader’s perp trade, which you then confirm.

Both are self-custody: Phantom with a recovery phrase or a Google or Apple login, fomo with a key split into shares that you can export.