SOLEX Documentation

Introduction

SOLEX is a perpetuals trading terminal built for one thing: trading Solana memecoins with leverage up to 100×. It indexes every pump.fun mint live, lets you long or short any pair, and settles every position on-chain through your own Phantom signature. No custody. No KYC. No bridges.

If you've used Drift, Hyperliquid, or any centralized perp exchange, the interface will feel familiar. The difference: every market is a memecoin, listed from the moment it's minted on pump.fun.

Quickstart

Three steps. About forty seconds end to end.

1. Connect your wallet. Click Launch Terminal, then Connect Phantom. Solflare and Backpack also work.
2. Pick a market. The left panel splits into three tabs: New Pairs (just minted), Final Stretch (≥30% bonded), and Migrated (LP active on Raydium). Click any coin.
3. Open the position. Set your size in SOL, drag the leverage slider (1×–100×), hit Long or Short. Phantom signs one transaction. Filled in under a second.

Wallets

SOLEX is non-custodial. We never hold your funds — collateral is locked in an on-chain margin account that only your signing key can move.

Supported wallets

How leverage works

Leverage multiplies your exposure to a coin's price movement using collateral as margin. At 10× leverage, putting up 1 SOL of collateral opens a position with 10 SOL of notional exposure. A 1% move in your favor returns ~10% on your collateral; a 1% move against you costs ~10%.

Position math

collateral_sol  = your size input
notional_sol    = collateral_sol × leverage
notional_usd    = notional_sol × SOL/USD
liquidation     = entry × (1 − (1 − maintenance_margin) / leverage)
                  (long; flip the sign for short)

Leverage tiers

Order types

SOLEX supports three order types from the trade panel.

• Market. Fills immediately at the current oracle price plus your slippage tolerance (default 10%). Use for most entries.
• Limit. Resting order at a price you set. Only fills if the market touches your limit.
• Stop. Triggers a market order when price crosses a threshold. Used as stop-loss or breakout entry.

Slippage

Slippage is the price tolerance for market orders. Tight pre-graduation coins on pump.fun's bonding curve can move 3–5% per trade — increase slippage on low-liquidity markets to avoid rejected orders.

Liquidation

Liquidation occurs when your position's loss exhausts the maintenance margin (~10% of notional). At that point, the position is force-closed against the insurance fund to prevent further loss to counterparties.

The liquidation price is calculated and displayed live before you open a position. Re-check it every time you adjust size or leverage — it's the single number that matters.

Funding rates

Perpetuals don't expire — but to keep the mark price tethered to the underlying spot price, longs and shorts pay each other every hour. This payment is the funding rate.

• Positive funding (longs pay shorts): mark price is above spot. Longs net-pay; shorts net-receive.
• Negative funding (shorts pay longs): mark price is below spot. Shorts net-pay; longs net-receive.

Hourly rates are typically ±0.01%. The live funding rate is shown in the Token Info Bar at the top of the terminal.

Listings & buckets

Every Solana memecoin minted on pump.fun is eligible to appear in the terminal. The left-panel list is split into three buckets by lifecycle phase:

The live feed is sourced from PumpPortal's WebSocket with Jupiter datapi seeding for coins that minted before your session started.

Price oracle

Mark price for each market is sourced from the deepest on-chain pool — pump.fun's virtual bonding curve for pre-graduation coins, and Raydium / pump-AMM for migrated coins. The index price is calculated as a TWAP across all venues weighted by depth.

Fees

Safety & risk

Trading perpetual futures involves significant risk. You can lose more than your initial collateral if positions are not actively managed. SOLEX is non-custodial — we cannot recover lost funds.

• Start with low leverage (2×–3×) until you understand liquidation behavior.
• Set stop-losses on every position. Always.
• Don't trade tokens you can't research. Pump.fun mints include rugs, copy-cats, and contracts with mint authority.
• Never share your seed phrase. SOLEX will never ask for it.

Terms of use

By using SOLEX you agree that you are not a resident of a restricted jurisdiction, that you accept the risks of leveraged trading, and that SOLEX Labs is not liable for losses arising from your trading activity. The interface is provided as-is, without warranty.

Full terms: /terms · Privacy: /privacy

Changelog