Short answer: FOMO charges 0.05% per trade on perpetual futures, on top of Hyperliquid's own fee, which the order screen shows before the trade confirms. The fee is taken twice on a complete trade, once to open the position and once to close it. The minimum position size is 15 USDC notional, and perps are not available to U.S. persons.
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what fomo charges on a perps trade
FOMO's help centre states that perpetual futures on FOMO cost 0.05% per trade, on top of Hyperliquid's own fee. Hyperliquid is the protocol behind the underlying perps market, and FOMO layers its 0.05% on whatever Hyperliquid charges. The order screen shows the combined cost before the trade confirms. Hyperliquid's fee schedule has tiers and conditions; we have not established which apply to a particular FOMO account. Use the quoted combined fee for your order.
The 0.05% fee applies twice on a complete trade: once to open the position and once to close it. A $1,000 notional position pays 0.05% of $1,000, which is $0.50, to open. If the closing notional is also $1,000, the closing fee is another $0.50. $0.50 plus $0.50 is $1.00 to FOMO's own fee, before Hyperliquid's own fee and any funding paid while the position stayed open.
If the closing notional instead rises to $1,200, the closing FOMO fee is $1,200 × 0.0005 = $0.60, making the two platform fees $1.10. These are arithmetic examples, not observed fills; Hyperliquid fees and funding remain separate.
Funding: an hourly payment you can pay or receive
FOMO's funding guide, read on 19 September 2026, describes hourly transfers between long and short holders. A position open at the interval can pay or receive funding, depending on the rate and side. The transfer changes the perps cash balance independently of opening or closing a trade. Check the current rate on the trade sheet; its sign and amount can change.
Deposit, collateral and position size are different
FOMO lists free, instant transfers between its token and perps cash balances: at least 5 USDC in and 2 USDC out. Its 15-USDC minimum position is a notional value, not a minimum deposit or margin requirement. The perps overview explains that leverage lets collateral support a larger position. Available balance, margin requirements and fees determine whether an order is accepted.
Illustration: $100 of initial margin at 10× leverage corresponds to $1,000 notional. FOMO's $0.50 opening fee is 0.05% of that notional but 0.50% of the initial margin, before Hyperliquid fees. This is not an app-tested order or a recommendation to use leverage; losses and liquidation exposure also depend on the larger position.
who cannot trade fomo perps
FOMO runs perps through Hyperliquid, a third-party protocol rather than FOMO's own infrastructure. FOMO's help centre states plainly that perps are not available to U.S. persons: U.S. citizens, U.S. residents, and anyone located inside the United States, regardless of citizenship. FOMO's terms of service go further and prohibit using a VPN to reach the perps market from a restricted location. That is a term of the agreement, as well as a technical wall, and breaking it is a breach of what you accepted at signup. Read the terms directly if you are unsure whether you qualify. This page is not a legal answer.
does the 10% referral discount apply to perps?
Unknown from the documentation read. FOMO's referral programme gives a new account a 10% discount, and the help centre states that discount against the 0.50% standard trading fee, the rate charged on Solana orders of 190 USDC and above and on every order on the other five chains. Perps run on a different rate, 0.05% per trade, and the article that sets out perps fees does not mention the referral discount at all. This site does not assume a discount that is not written down. If you hold a referral code and trade perps, read the fee estimate on the order screen and the final trade record. We have not verified an account quote or executed a perps trade.
perps fee against the spot fee
Spot trading on Solana runs in four bands: a flat 0.10 USDC under 5 USDC, 2% of the order from 5 to 47.50 USDC, a flat 0.95 USDC from 47.50 to 190 USDC, and 0.50% at 190 USDC and above. Perps trade at a flat 0.05% regardless of size, a lower headline rate than every one of those spot bands. The comparison stops there. Hyperliquid's own fee and ongoing funding are separate inputs. Consult Hyperliquid's fee documentation and funding documentation, then the current FOMO quote. We have not established which underlying account tier or any additional conditions apply through FOMO. A lower platform rate alone does not establish a lower total cost.
Referral code
VIP10
FOMO's published offer: 10% off trading fees
Open FOMO with VIP10 →FOMO documents a reduction from its standard 0.50% fee to 0.45%. Duration and discounts on other fee bands are not specified. The public VIP10 page displays this offer; account acceptance has not been independently tested here. Check the fee in your account. Terms can change.
Independent affiliate guide. We may earn trading-fee commission if you use our code.
perps fee questions
Does the VIP10 discount apply to perps?
FOMO does not document it either way. The referral discount is stated against the 0.50% spot rate, and perps run on the separate 0.05% rate. Treat the discount as unconfirmed for perps until FOMO's help centre says otherwise, and check the order screen before you open a position.
Can U.S. users trade perps on FOMO?
No. FOMO's help centre states that perps are not available to U.S. persons, and FOMO's terms of service prohibit reaching the perps market with a VPN from a restricted location.
What is the minimum perps position?
15 USDC notional. The minimum transfer into the perps cash balance is 5 USDC, and the minimum transfer out is 2 USDC.
Related: the full spot rate breakdown is on the fees page, and the quick-answer version is at how much does FOMO charge. The six supported chains carry the spot rates that perps sits alongside. Deciding whether to use FOMO at all? Read our review and whether the app is safe first, or start at the referral code page for the code and our limited, linked sample of public code advertisements.
Sources and dates
These sources support the documented claims. A public-source check does not verify account acceptance or a completed trade. Historical observations retain their original dates. Read the evidence limits and corrections.