vsHead-to-Head Comparisons
Photon SOL (TinyAstro) vs Terminal (formerly Padre): Net Fee & Rebate Comparison (2026)
Direct comparison of standard schedules, net effective costs after applying VIP codes (VIP25 vs vip25) and settlement rules.
Photon Net Taker
1%
Terminal (Padre) Net Taker
0.65%
Lower Net Cost Winner
Terminal (Padre)
Side-by-Side Fee & Rebate Audit: Photon vs Terminal (Padre)
| Specification | Photon SOL (TinyAstro) | Terminal (formerly Padre) |
|---|---|---|
| Standard Maker / Taker | 1% / 1% | 1% / 1% |
| VIP Rebate Kickback | 0% (VIP25) | 35% (vip25) |
| Net Maker / Taker After Rebate | 1% / 1% | 0.65% / 0.65% |
| Net Annual Cost at $2.5M/mo | $300,000 / yr | $195,000 / yr |
| Rebate Payout | Photon Points & Weekly Leaderboard Rewards | Claimable SOL in Rewards tab |
| KYC & Custody | No KYC (Phantom connect) (Self-custody) | No KYC (Non-custodial) (Self-custody) |
| Max Leverage | Spot Memecoins | Spot + Trenches |
| Action | Claim Photon 0% | Claim Terminal (Padre) 35% |
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Frequently Asked Questions
Is Photon or Terminal (Padre) cheaper after VIP rebates?
With 0% back on Photon (code VIP25) and 35% back on Terminal (Padre) (code vip25), use the calculator on this page to compare net costs at your exact maker/taker mix.
Can I use both Photon and Terminal (Padre) codes at the same time?
Yes. Active traders frequently split volume or funded allocations across both Photon SOL (TinyAstro) and Terminal (formerly Padre) to diversify counterparty risk.
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