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.
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. This site does not have a source for Hyperliquid's own percentage in its fact registry, so it does not print one it cannot check. Read the number on the order screen before you open a position.
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. Closing the same position costs 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.
funding: a separate, recurring cost
Funding is not the same charge as the 0.05% trading fee. FOMO's help centre states that funding rates apply separately from the fees taken on open and close, and that funding is a cost on every open position. The article does not publish the funding interval or the current rate, so this page does not print one either. The position screen in the app shows the live funding rate and which side pays it before you open a trade.
transfers, and the minimum position
Moving money between FOMO's token cash balance and its perps cash balance is free and instant. The minimum transfer into the perps balance is 5 USDC. The minimum transfer out is 2 USDC. The smallest position FOMO allows is 15 USDC notional, so a transfer under that amount cannot open a position at all. Fund the perps balance above 15 USDC before you try to open one.
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?
Not as far as FOMO documents it. 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 line on the order screen before you open a position. That line is the only place the real number shows.
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 sit on top of the 0.05%, and neither one is published anywhere this site can cite. A low headline rate on one side of a trade does not make the total cheap.
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 survey of every FOMO code in circulation.
Sources
Every figure on this page comes from one of these. We link them so you can check us rather than trust us.