Since launching Phantom Perps, the positive reception has not gone unnoticed. Its gained some serious momentum thanks to you, with trading volume crossing $10B.
The community has been pivotal to our growth and we’ve heard your feedback loud and clear. Our main takeaway?
You want more flexible ways to manage positions on Phantom, without sacrificing speed. This first round of updates help you do just that.
Modify position size with ease
Previously, if you wanted to adjust your position size, you would have to close a trade and open a new one. Now you can increase exposure in just a few taps.
You can also execute partial closes to take profit or minimize losses, without having to shut down an entire trade. This helps you scale out at your own pace while keeping the rest of your position running.
Adjust margin, on your terms
Manage collateral in real-time through the app. Add or remove margin as needed while positions remain open. Managing your collateral on the fly without disrupting your trade can be easily handled right in the app. This flexibility helps you manage risk while keeping your strategy intact.
Act fast in dynamic markets
Markets move fast—but so can you. These new features give traders a variety of ways to react when market conditions shift.
- Stop loss above entry: Lock in profits by moving your stop loss above your entry point, giving you more control over your exit strategy.
- Close all positions: Exit every position you have open at once with this new feature, giving you the opportunity to manage every swing with confidence.
- Reverse position: Flip your trade from long to short (or vice versa) in one, single tap.
Share (and show off) trades with friends
Want to share a trade on social? Whether you’re looking to flex your gains or swap strategies with friends, we’ve got you covered. When you close a position, a profit and loss (PNL) card is created, ready for you to share your entry, exit, and gains right to X. Even pull cards for past trades to share from your transaction history.
Find markets faster than ever
Once upon a time, you had to manually scroll through 100+ markets to see what was available on Phantom. But with our handy new search bar, you can quickly locate the exact market you're looking for.
Looking forward
This is just the beginning. We’ve got a lot more updates in the works to make Phantom the best place possible to trade perps. Got a specific request? Use the Share feedback button at the bottom of the Perps page or reach out to @phantom on X.
Note: Phantom Perps aren't available everywhere. Trading perps involves significant risk and may not be suitable for all users. This post is not intended for UK audiences.
