vsHead-to-Head Comparisons
Trojan on Solana vs Photon SOL (TinyAstro): 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%
Photon Net Taker
1%
Lower Net Cost Winner
Trojan
Side-by-Side Fee & Rebate Audit: Trojan vs Photon
| Specification | Trojan on Solana | Photon SOL (TinyAstro) |
|---|---|---|
| Standard Maker / Taker | 1% / 1% | 1% / 1% |
| VIP Rebate Kickback | 10% (trenchfees) | 0% (VIP25) |
| Net Maker / Taker After Rebate | 0.9% / 0.9% | 1% / 1% |
| Net Annual Cost at $2.5M/mo | $270,000 / yr | $300,000 / yr |
| Rebate Payout | Automatic 10% fee cut + 20% Arena SOL cashback | Photon Points & Weekly Leaderboard Rewards |
| KYC & Custody | No KYC (Telegram / Web) (Self-custody) | No KYC (Phantom connect) (Self-custody) |
| Max Leverage | Spot + Limit + DCA | Spot Memecoins |
| Action | Claim Trojan 10% | Claim Photon 0% |
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Frequently Asked Questions
Is Trojan or Photon cheaper after VIP rebates?
With 10% back on Trojan (code trenchfees) and 0% back on Photon (code VIP25), use the calculator on this page to compare net costs at your exact maker/taker mix.
Can I use both Trojan and Photon codes at the same time?
Yes. Active traders frequently split volume or funded allocations across both Trojan on Solana and Photon SOL (TinyAstro) 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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