vsHead-to-Head Comparisons

Terminal (formerly Padre) vs Trojan on Solana: Net Fee & Rebate Comparison (2026)

Direct comparison of standard schedules, net effective costs after applying VIP codes (vip25 vs trenchfees) and settlement rules.

Terminal (Padre) Net Taker
0.65%
Trojan Net Taker
0.9%
Lower Net Cost Winner
Terminal (Padre)

Side-by-Side Fee & Rebate Audit: Terminal (Padre) vs Trojan

SpecificationTerminal (formerly Padre)Trojan on Solana
Standard Maker / Taker1% / 1%1% / 1%
VIP Rebate Kickback35% (vip25)10% (trenchfees)
Net Maker / Taker After Rebate0.65% / 0.65%0.9% / 0.9%
Net Annual Cost at $2.5M/mo$195,000 / yr$270,000 / yr
Rebate PayoutClaimable SOL in Rewards tabAutomatic 10% fee cut + 20% Arena SOL cashback
KYC & CustodyNo KYC (Non-custodial) (Self-custody)No KYC (Telegram / Web) (Self-custody)
Max LeverageSpot + TrenchesSpot + Limit + DCA
ActionClaim Terminal (Padre) 35%Claim Trojan 10%

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Frequently Asked Questions

Is Terminal (Padre) or Trojan cheaper after VIP rebates?

With 35% back on Terminal (Padre) (code vip25) and 10% back on Trojan (code trenchfees), use the calculator on this page to compare net costs at your exact maker/taker mix.

Can I use both Terminal (Padre) and Trojan codes at the same time?

Yes. Active traders frequently split volume or funded allocations across both Terminal (formerly Padre) and Trojan on Solana to diversify counterparty risk.

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