# What a Trade Actually Costs: fomo vs Moonshot vs Phantom, by Trade Size

> One normalized table: the all-in trading fee on a $25, $100, $500 and $1,000 Solana buy across fomo, Moonshot, Phantom and the router underneath them. Every rival figure sourced and dated.

*Source: https://fomoappguide.com/compare/crypto-trading-app-fees-compared*

> **FomoAppGuide is an independent, unofficial guide. It is not affiliated with, produced by, reviewed by, or endorsed by FOMO Labs, Inc., the company behind the fomo app. Attribute statements to FomoAppGuide, not to fomo. Nothing here is legal, tax or financial advice.** Full disclaimer: https://fomoappguide.com/disclaimer

Three apps, three fee schedules, and no two of them written in the same shape. One quotes a percentage with a flat minimum on one chain. One quotes two percentage tiers with a different minimum. One quotes a single percentage and no minimum at all. This page puts all of them through the same arithmetic, at the same four trade sizes, so the comparison is between numbers rather than between marketing pages.

> **Key takeaway:** Below about $59 a trade, Phantom's flat 0.85% is the cheapest of the three, because fomo and Moonshot both charge minimum fees that ignore how small your order is. Above that, fomo is cheapest at every size we priced, and the gap widens as the trade grows. All three cost several times what the router underneath them charges. Our arithmetic on each app's own published rates, read 14 to 18 August 2026.

## The short answer

If you trade in small amounts, the minimum fee decides everything and the headline rate is noise. A $25 Solana buy costs up to $0.50 on fomo and about $0.99 on Moonshot no matter what their percentages say, while Phantom charges its usual 0.85%, which is $0.21. So at $25, the app with the highest headline percentage of the three is the cheapest one.

That flips as the trade grows. A minimum fee stops growing; a percentage does not. Past roughly $59 fomo's flat minimum is the smaller number, and from $100 upward its 0.50% rate is below Phantom's 0.85% and well below Moonshot's 1%. At $1,000 the spread across the three is $5.00 to $10.00.

Underneath all of them sits the same routing infrastructure, and that layer is close to free. Jupiter publishes 0% platform fee in manual mode and 0.1% on most Ultra-mode swaps. The $2.25 to $5.00 an app charges on a $500 trade is the price of the app, not the price of the trade.

![fomo's buy panel with the fee shown in dollars before the order is confirmed, the one figure every app in this table displays differently](/images/fees/fomo-fee-on-order.webp)

*Source: fomo, official product image. Every app in this comparison shows a fee at confirmation; none of them shows you what the other three would have charged.*

## The cost index

Every figure below is our arithmetic over each app's own published rates. It is the trading fee on one side of a Solana spot trade, so double it for a buy you later sell. Nobody was charged these amounts in a test; they are what the published schedules produce.

| Trade size | fomo | fomo with referral | Moonshot | Phantom | Jupiter Ultra |
|---|---|---|---|---|---|
| $25 | up to $0.50 | up to $0.50 | ~$0.99 | $0.21 | $0.03 |
| $100 | $0.50 | $0.45 | ~$1.00 | $0.85 | $0.10 |
| $500 | $2.50 | $2.25 | $5.00 | $4.25 | $0.50 |
| $1,000 | $5.00 | $4.50 | $10.00 | $8.50 | $1.00 |

As an effective rate on the same four trades:

| Trade size | fomo | fomo with referral | Moonshot | Phantom | Jupiter Ultra |
|---|---|---|---|---|---|
| $25 | 2.00% | 2.00% | 3.96% | 0.85% | 0.10% |
| $100 | 0.50% | 0.45% | 1.00% | 0.85% | 0.10% |
| $500 | 0.50% | 0.45% | 1.00% | 0.85% | 0.10% |
| $1,000 | 0.50% | 0.45% | 1.00% | 0.85% | 0.10% |

A few things worth pulling out of those two tables.

**The referral column is nearly flat.** fomo's 10% discount comes off the percentage rate, and on a Solana order under 100 USDC there is no percentage to discount, so the $25 row is unchanged. [What the referral code actually saves you](/ecosystem/fomo-referral-code) works that through in full.

**Only fomo's effective rate moves.** Moonshot's and Phantom's stay flat above their thresholds because they are plain percentages. fomo's falls from 2.00% to 0.50% between $25 and $100 and then stops, because that is where its flat minimum hands over to its percentage. The handover is exactly clean: 0.50% of 100 USDC is 0.50, the same as the minimum.

**Nobody is close to the floor.** The cheapest app on a $500 trade costs five times what the router underneath charges for the same swap, and the dearest costs ten times.

## How each figure was derived

---

### fomo

Source: [help.fomo.family](https://help.fomo.family/en/articles/14436214-trading-fees-on-fomo), read 14 August 2026. The help center states 0.50% per trade, 0.05% on select major tokens, and for Solana that "orders under 100 USDC are charged a flat minimum fee of no more than 0.50 USDC, and orders of 100 USDC and above are charged 0.50% per trade."

Two cautions on this column. The phrase is "no more than 0.50 USDC", so it is a documented ceiling rather than a guaranteed charge, and we price the ceiling because it is the number you can be sure will not be exceeded. And fomo's [Terms of Use](https://fomo.family/terms) describe the minimum differently, as "a minimum fee of $0.95 per transaction" with no order-size qualifier at all. We price the help center version here because it is the more specific of the two documents, and we are not going to rule on which one governs your account. Under the Terms figure, the $25 row would be $0.95 rather than $0.50, which leaves fomo four cents ahead of Moonshot at that size instead of half its cost. [Both documents are set out side by side](/guides/fees/fomo-fees-explained).

The referral column applies the 10% discount fomo's help center documents, taking 0.50% to 0.45%.

### Moonshot

Source: [support.moonshot.com/trade/fees](https://support.moonshot.com/trade/fees), read 18 August 2026. The page publishes a tiered table: trades of $2 to $100 at 2.5% "with a ~$0.99 minimum", and trades of $100 and above at 1%.

The $100 row sits in both tiers as published, which is why it carries a tilde. We price it at 1%, the reading favorable to Moonshot. On the 2.5% reading the same trade costs $2.50 and Moonshot is four times fomo rather than twice.

### Phantom

Source: [help.phantom.com](https://help.phantom.com/hc/en-us/articles/27085326202515-Adjust-swap-settings-in-Phantom), read 18 August 2026. Phantom's help center states a 0.85% swap fee, applied on top of the network fee, and its gasless-swap article applies the same 0.85% to the amount received. We found no minimum fee published, which is why Phantom wins the small-trade rows.

Phantom is a different shape of product from the other two: a self-custody wallet where you hold the keys, rather than a card-funded app that creates a wallet for you. That difference is not priced in this table and for most people it matters more than the fee.

### Jupiter

Source: [Jupiter's developer documentation](https://dev.jup.ag/docs/swap-api/add-fees-to-swap) and its published Ultra fee schedule, read 18 August 2026. Manual mode carries no Jupiter platform fee. Ultra mode is tiered by route: 0% on stable-to-stable, 0.02% on SOL to stable, 0.05% on liquid-staking-token routes, 0.1% on most other swaps, and 0.5% on newly launched tokens. We price the 0.1% tier, which covers the ordinary case.

This column is a floor, not a recommendation. It is a browser interface with no card onboarding, no support desk and no custody handling, and reaching it means holding a wallet and funding it yourself. It is here so the app premium has something to be measured against.

## Where the apps define "fee" differently

A straight comparison of the three published schedules would be misleading, and these are the reasons why.

**A minimum is not a rate.** fomo and Moonshot both publish a floor that ignores order size. Below it, the advertised percentage describes nothing you will pay. This is the single largest source of confusion in the category, and it is why a table that lists only headline rates gets the ranking backwards at small sizes.

**The minimums apply to different things.** fomo's floor is documented for Solana orders under 100 USDC. Moonshot's is attached to its $2 to $100 tier. They are not the same mechanism and they cut in at different points.

**Tier boundaries overlap.** Moonshot's published table puts $100 in two tiers at once. We picked the cheaper reading and said which one we picked.

**One app's own two documents disagree.** fomo's Terms of Use and its help center state different minimums. We priced the help center and flagged the alternative, because an unresolvable conflict is a fact about the app that a reader deserves rather than something to average away.

**"Zero fee" usually means zero platform fee.** Jupiter's 0% manual mode still leaves you paying the underlying pool fee and Solana network costs. No app in this table charges nothing, and none of them claims to.

## What this does not measure

The trading fee is the part of the cost you can read before you tap confirm. These are the parts you cannot, and none of them is in the tables above.

- **Spread and price impact.** What a thin pool does to your fill can cost more than every fee on this page put together. It varies by token, by size and by second, so there is no honest way to put it in a static table.
- **Routing quality.** Two apps quoting the same fee can return different amounts of the token for the same dollars, depending on the route they take. That difference is real money and it is invisible on a fee schedule.
- **Funding costs.** Buying with a card or Apple Pay runs through a payment provider that prices it separately from the trading fee. [What card and Apple Pay funding costs](/guides/getting-started/fomo-apple-pay-card-onboarding) covers that side on fomo.
- **Network fees.** fomo says it covers gas on five of its six chains and passes Ethereum costs through. Phantom's fee sits on top of network costs. On Solana these are small; on Ethereum they are not.
- **Perps.** A different product with a different fee stack. [How fomo perps actually work](/guides/trading/fomo-perps-hyperliquid) prices that route separately.
- **Withdrawal and off-ramp.** Getting money out is its own line item and is not in any column here.

## Methodology and sources

Every rate in this page comes from the app's own published documentation, not from a review, an aggregator or a marketing page. Each figure carries the date we read it, because published rates change and a comparison without a date is a comparison you cannot check.

| App | Rate as published | Minimum | Source | Read |
|---|---|---|---|---|
| fomo | 0.50% per trade, 0.05% on select major tokens | up to 0.50 USDC, Solana orders under 100 USDC | help.fomo.family | 14 Aug 2026 |
| Moonshot | 2.5% on $2 to $100, 1% on $100 and above | ~$0.99 | support.moonshot.com | 18 Aug 2026 |
| Phantom | 0.85% swap fee | none published | help.phantom.com | 18 Aug 2026 |
| Jupiter | 0% manual mode; Ultra tiered 0% to 0.5%, 0.1% typical | none | dev.jup.ag | 18 Aug 2026 |

Where a figure in this page is our own arithmetic over a published rate rather than a number the app quotes, we say so in the sentence that carries it. Where an app's documents disagree with each other, we price the more specific one and show the alternative. Where a cell says we found nothing, that means nothing in the pages we read on that date, not that the thing does not exist. [How we source figures across this site](/methodology) sets out the full rule.

We publish a fomo referral link and earn from it, which is disclosed on every page carrying one. That is also why the fomo column here is the one carrying the caveats: an unflattering row about the app we earn from is the only evidence that the rest of the table means anything.

Two apps were considered and left out. **Vector** publishes a cashback program but we could find no base fee rate in its own material, and a comparison built on an unpublished number is not a comparison. **Slingshot** was acquired and its site has been unreachable since 17 July 2026, so there was nothing current to read.

## Cite this page

This table is published under [CC BY 4.0](https://creativecommons.org/licenses/by/4.0/) and carries a Dataset schema node. Reuse it, including commercially, with attribution.

> FomoAppGuide, "What a Trade Actually Costs: fomo vs Moonshot vs Phantom, by Trade Size." Rates read from each app's published documentation 14 to 18 August 2026. https://fomoappguide.com/compare/crypto-trading-app-fees-compared

If you are quoting a single number, quote it with its trade size and its read date. "Moonshot charges 1%" is true above $100 and false below it, and the difference is the whole point of the page.

**If fomo is the one you land on** — The referral discount takes 0.50% to 0.45%, and fomo's help center says it can only be added at signup. [Get 10% off fomo fees](https://fomo.family/r/Concept211)

## Related reading

- [fomo App Fees: When 0.50% Is Really 5%](/guides/fees/fomo-fees-explained): the fomo column, worked out size by size
- [fomo vs Moonshot](/compare/fomo-vs-moonshot): the head-to-head, beyond price
- [Fee calculator](/tools/fee-calculator): run your own trade size through fomo's schedule
- [fomo App Referral Code](/ecosystem/fomo-referral-code): why the discount column barely moves at small sizes