# Phoenix

## Docs

- [Create service login challenge](https://docs.phoenix.trade/api/auth/create-service-login-challenge.md): Handles `POST /v1/auth/login/service/challenge` via `v1.auth.issue_service_challenge`.
- [Get wallet login nonce](https://docs.phoenix.trade/api/auth/get-wallet-login-nonce.md): Handles `GET /v1/auth/nonce` via `v1.auth.get_wallet_nonce`.
- [Log in with service signature](https://docs.phoenix.trade/api/auth/log-in-with-service-signature.md): Handles `POST /v1/auth/login/service` via `v1.auth.login_service`.
- [Log in with wallet signature](https://docs.phoenix.trade/api/auth/log-in-with-wallet-signature.md): Handles `POST /v1/auth/login/wallet` via `v1.auth.login_wallet`.
- [Log out](https://docs.phoenix.trade/api/auth/log-out.md): Handles `POST /v1/auth/logout` via `v1.auth.logout`.
- [Refresh session](https://docs.phoenix.trade/api/auth/refresh-session.md): Handles `POST /v1/auth/refresh` via `v1.auth.refresh_session`.
- [Get candles](https://docs.phoenix.trade/api/exchange/get-candles.md): Handles `GET /candles` via `public.candles.get`.
- [Get exchange](https://docs.phoenix.trade/api/exchange/get-exchange.md): Handles `GET /exchange` via `public.exchange.get`.
- [Get exchange keys](https://docs.phoenix.trade/api/exchange/get-exchange-keys.md): Handles `GET /exchange/keys` via `public.exchange.keys.get`.
- [Get exchange snapshot](https://docs.phoenix.trade/api/exchange/get-exchange-snapshot.md): Handles `GET /v1/exchange/snapshot` via `public.exchange.snapshot.get`.
- [Get market](https://docs.phoenix.trade/api/exchange/get-market.md): Handles `GET /exchange/market/{symbol}` via `public.exchange.market.get`.
- [Get next commodity market transition](https://docs.phoenix.trade/api/exchange/get-next-commodity-market-transition.md): Handles `GET /v1/market/next-commodity-market-transition` via `v1.market.next_commodity_market_transition.get`.
- [List markets](https://docs.phoenix.trade/api/exchange/list-markets.md): Handles `GET /exchange/markets` via `public.exchange.markets.get`.
- [API](https://docs.phoenix.trade/api/index.md): Phoenix REST and WebSocket API endpoints for market data, trader state, registration, and transaction building.
- [Activate invite](https://docs.phoenix.trade/api/registration/activate-invite.md): Redeems an invite code for an authority, inserts/updates activation rows atomically, triggers onboarding, and waits up to 5s for the trader PDA to appear in PhoenixState.
- [Activate referral](https://docs.phoenix.trade/api/registration/activate-referral.md): Activates a new trader using a referral code (no invite code required). Creates the user, claims the referral atomically, triggers onboarding, and waits up to 5s for the trader PDA to appear in PhoenixState.
- [Build cancel conditional order transaction](https://docs.phoenix.trade/api/trader/build-cancel-conditional-order-transaction.md): Handles `POST /v1/ix/cancel-conditional-order` via `v1.cancel_conditional_order_ix`.
- [Build isolated limit order transaction](https://docs.phoenix.trade/api/trader/build-isolated-limit-order-transaction.md): Handles `POST /v1/ix/place-isolated-limit-order` via `v1.place_isolated_limit_order_ix`.
- [Build isolated limit order transaction with liquidation estimate](https://docs.phoenix.trade/api/trader/build-isolated-limit-order-transaction-with-liquidation-estimate.md): Handles `POST /v1/ix/place-isolated-limit-order-enhanced` via `v1.place_isolated_limit_order_enhanced_ix`.
- [Build isolated market order transaction](https://docs.phoenix.trade/api/trader/build-isolated-market-order-transaction.md): Handles `POST /v1/ix/place-isolated-market-order` via `v1.place_isolated_market_order_ix`.
- [Build isolated market order transaction with liquidation estimate](https://docs.phoenix.trade/api/trader/build-isolated-market-order-transaction-with-liquidation-estimate.md): Handles `POST /v1/ix/place-isolated-market-order-enhanced` via `v1.place_isolated_market_order_enhanced_ix`.
- [Get collateral history](https://docs.phoenix.trade/api/trader/get-collateral-history.md): Handles `GET /trader/{authority}/collateral-history` via `public.trader.collateral_history.get`.
- [Get funding history](https://docs.phoenix.trade/api/trader/get-funding-history.md): Handles `GET /trader/{authority}/funding-history` via `public.trader.funding_history.get`.
- [Get order history](https://docs.phoenix.trade/api/trader/get-order-history.md): Handles `GET /trader/{authority}/order-history` via `public.trader.order_history.get`.
- [Get trade history](https://docs.phoenix.trade/api/trader/get-trade-history.md): Handles `GET /trader/{authority}/trades-history` via `public.trader.trades_history.get`.
- [Get trader PnL](https://docs.phoenix.trade/api/trader/get-trader-pnl.md): Handles `GET /trader/{authority}/pnl` via `public.trader.pnl.get`.
- [Get trader state](https://docs.phoenix.trade/api/trader/get-trader-state.md): Handles `GET /trader/{authority}/state` via `public.trader.state.get`.
- [WebSocket](https://docs.phoenix.trade/api/websocket.md): Supported Phoenix WebSocket subscription requests and response message types.
- [Getting Started](https://docs.phoenix.trade/index.md): What is Phoenix and how to connect your wallet
- [Accounts](https://docs.phoenix.trade/phoenix/collateral-and-accounts/accounts.md): How Phoenix accounts work and how cross and isolated risk differ
- [Collateral](https://docs.phoenix.trade/phoenix/collateral-and-accounts/collateral.md): How Phoenix uses USDC collateral
- [Futures Rolling Mechanism](https://docs.phoenix.trade/phoenix/commodities/futures-rolling-mechanism.md)
- [Market Specs](https://docs.phoenix.trade/phoenix/commodities/market-specs.md)
- [Pricing](https://docs.phoenix.trade/phoenix/commodities/pricing.md)
- [FAQ](https://docs.phoenix.trade/phoenix/faq/faq.md): Answers to the most common execution, margin, and account questions
- [Support](https://docs.phoenix.trade/phoenix/faq/support.md): Get help and stay updated
- [Overview](https://docs.phoenix.trade/phoenix/flight.md): How Flight codes work on Phoenix
- [Glossary](https://docs.phoenix.trade/phoenix/glossary.md): Key Phoenix trading, execution, and risk terms
- [Account Health](https://docs.phoenix.trade/phoenix/margin-and-risk/account-health.md): How Phoenix turns collateral and margin into health states and risk tiers
- [Entry Price And PnL](https://docs.phoenix.trade/phoenix/margin-and-risk/entry-price-pnl.md): How Phoenix tracks entry price, unrealized PnL, and realized PnL
- [Funding](https://docs.phoenix.trade/phoenix/margin-and-risk/funding-rate.md): Funding rates keep perpetual prices aligned with spot prices through periodic payments between traders.
- [Leverage Tiers](https://docs.phoenix.trade/phoenix/margin-and-risk/leverage-tiers.md): How position size affects max leverage and margin
- [Risk Tiers And Liquidation](https://docs.phoenix.trade/phoenix/margin-and-risk/liquidations.md): Risk classification and liquidation types
- [Margin Math](https://docs.phoenix.trade/phoenix/margin-and-risk/margin-math.md): How Phoenix calculates effective collateral, position margin, and limit-order margin
- [Mark Price](https://docs.phoenix.trade/phoenix/margin-and-risk/mark-price.md): Mark price determines position valuations for PnL and liquidation calculations.
- [Risk Warning](https://docs.phoenix.trade/phoenix/margin-and-risk/risk-warning.md): Important risk disclosures
- [Phoenix Market Parameters](https://docs.phoenix.trade/phoenix/market-parameters.md): Phoenix Markets: Risk, Leverage, and Parameters
- [Fees](https://docs.phoenix.trade/phoenix/matching-engine/fees.md): Trading fees, liquidation fees, referral discounts, and Flight builder fees
- [FIFO Order Book](https://docs.phoenix.trade/phoenix/matching-engine/fifo-order-book.md): Price-time priority and user-facing orderbook behavior
- [Matching Engine](https://docs.phoenix.trade/phoenix/matching-engine/matching-engine.md): How Phoenix matches orders across the FIFO order book and spline liquidity
- [Order Types](https://docs.phoenix.trade/phoenix/matching-engine/order-types.md): Phoenix order types, matching behavior, and advanced order controls
- [Self-Trade Prevention](https://docs.phoenix.trade/phoenix/matching-engine/self-trade-prevention.md): How Phoenix handles orders that would match against your own liquidity
- [Spline Liquidity](https://docs.phoenix.trade/phoenix/matching-engine/spline-liquidity.md): How spline traders quote and fill liquidity on Phoenix
- [Take Profit and Stop Loss](https://docs.phoenix.trade/phoenix/matching-engine/take-profit-stop-loss.md): Attach conditional orders to positions or limit orders to close at a trigger price
- [Perpetual Futures](https://docs.phoenix.trade/phoenix/perpetual-futures.md): How Phoenix perpetual futures work, what makes them different from spot, and where each risk mechanism fits
- [Incentive Programs](https://docs.phoenix.trade/phoenix/referral-program.md): Incentive and referral programs on Phoenix
- [Rise SDK](https://docs.phoenix.trade/sdk/rise.md): Developer-facing SDK for Phoenix perpetuals, available in TypeScript and Rust

## OpenAPI Specs

- [phoenix-public-api](https://docs.phoenix.trade/openapi/phoenix-public-api.json)
- [openapi](https://docs.phoenix.trade/api-reference/openapi.json)