Understand your balances
Wukong shows your wallet and trading account separately. A combined overview does not make every displayed asset immediately available for trading or withdrawal.
| Balance | Meaning |
|---|---|
| Wallet | USDC or SOL held in your Solana wallet |
| Trading account | Collateral transferred to Phoenix for trading |
| Available margin | The part of trading collateral currently available after positions, orders and risk requirements |
| Withdrawable balance | The amount the selected operation can currently use, after reservations and required costs |
Move funds deliberately
Section titled “Move funds deliberately”A deposit arrives in your wallet. Use Transfer to move collateral into or out of trading. To send trading funds to an external address, transfer an available amount back to your wallet first, then withdraw.
SOL remains SOL when used as collateral; its collateral value can be risk-adjusted. A dollar estimate is not a token quantity. Open positions, resting orders and pending requests can reduce what is available.
If balances are loading, stale or unavailable, wait for a fresh result before acting. A missing result does not establish a zero balance.