vsHead-to-Head Comparisons
Trojan on Solana vs Terminal (formerly Padre): Net Fee & Rebate Comparison (2026)
Direct comparison of standard schedules, net effective costs after applying VIP codes (trenchfees vs vip25) and settlement rules.
Trojan Net Taker
0.9%
Terminal (Padre) Net Taker
0.65%
Lower Net Cost Winner
Terminal (Padre)
Side-by-Side Fee & Rebate Audit: Trojan vs Terminal (Padre)
| Specification | Trojan on Solana | Terminal (formerly Padre) |
|---|---|---|
| Standard Maker / Taker | 1% / 1% | 1% / 1% |
| VIP Rebate Kickback | 10% (trenchfees) | 35% (vip25) |
| Net Maker / Taker After Rebate | 0.9% / 0.9% | 0.65% / 0.65% |
| Net Annual Cost at $2.5M/mo | $270,000 / yr | $195,000 / yr |
| Rebate Payout | Automatic 10% fee cut + 20% Arena SOL cashback | Claimable SOL in Rewards tab |
| KYC & Custody | No KYC (Telegram / Web) (Self-custody) | No KYC (Non-custodial) (Self-custody) |
| Max Leverage | Spot + Limit + DCA | Spot + Trenches |
| Action | Claim Trojan 10% | Claim Terminal (Padre) 35% |
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Frequently Asked Questions
Is Trojan or Terminal (Padre) cheaper after VIP rebates?
With 10% back on Trojan (code trenchfees) 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 Trojan and Terminal (Padre) codes at the same time?
Yes. Active traders frequently split volume or funded allocations across both Trojan on Solana and Terminal (formerly Padre) to diversify counterparty risk.
Trenchfees is an independent fee comparison and referral code verification directory. We may earn a referral share from listed platforms when you sign up or bind a code through our links, at no extra cost to you. This never alters the published fee math or rankings. Memecoin, leveraged derivatives and prop firm trading carries extreme risk of losing your entire capital. Lower fees do not make unprofitable trades profitable. Nothing on this site is financial advice.
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