On fomo your cash balance is split into two separate pools.

Your token cash balance holds USDC on Solana and is used for spot trading, deposits, and withdrawals. Your perps cash balance holds a separate USDC balance dedicated to perpetual futures trading. These are two distinct pools that you move funds between as needed.

To fund your perps cash balance, transfer USDC from your token cash balance. In the mobile app, open the Portfolio tab, tap your Cash balance, then tap Transfer cash.

On the web app, open your profile and click Transfer next to Total cash. The sheet shows both balances side by side, with 10%, 25%, 50% and 100% buttons, or you can type an amount.

The minimum transfer into your perps cash balance is 5 USDC. There is no fomo fee on transfers between your token cash balance and your perps cash balance, and they usually complete within a few minutes.

While a transfer is moving, the amount can briefly show in neither balance. That is normal, and it lands by itself with nothing for you to do.

Once USDC is in your perps cash balance, part of it sits as available margin and part of it gets committed as collateral to any open positions you have. The Perps cash figure in the app is the available part. Margin committed to a position shows on that position as Margin.

The available portion is what you can use to open new positions or transfer back to your token cash balance.

Margin committed to an open position cannot be transferred out while it is committed. To free it, close or reduce the position, or on an isolated position use Remove margin to pull some collateral out while the trade stays open. Margin reserved by a resting limit order is freed by cancelling the order.

To move funds back, open the same transfer sheet and make sure the title reads Perps to Tokens, using Switch if it does not. Only the available portion of your perps cash balance can be transferred out.

If all of your USDC is committed as margin to open positions, free some up first: close or reduce a position, remove margin from an isolated position, or cancel a resting limit order.

The minimum transfer out of your perps cash balance is 2 USDC.

If you want to withdraw funds from fomo entirely, the path is always the same. Transfer from your perps cash balance to your token cash balance, then withdraw from your token cash balance to your bank account or external wallet using the standard withdrawal flow. There is no direct withdrawal from your perps cash balance.

Perps are not available to U.S. Persons. By accessing perps, you confirm you are not a U.S. Person and are not accessing from within the United States via the attestation checkbox shown the first time you place a perps trade.

For purposes of these Terms, a "U.S. Person" means: (i) any natural person resident in the United States; (ii) any citizen or permanent resident of the United States, including any such person temporarily located outside the United States; (iii) any entity organized or incorporated under the laws of the United States or any state thereof; (iv) any estate of which any executor or administrator is a U.S. Person; (v) any trust of which any trustee is a U.S. Person; (vi) any agency or branch of a non-U.S. entity located in the United States; (vii) any discretionary or non-discretionary account held by a dealer or fiduciary organized, incorporated, or (if an individual) resident in the United States; or (viii) any entity organized or incorporated outside the United States that is formed by a U.S. Person principally for the purpose of investing in unregistered securities or derivative instruments. "United States" means the United States of America, its territories and possessions, any state of the United States, and the District of Columbia.

Representations and Warranties. By accessing or using Perps functionality, you represent and warrant that: (a) you are not a U.S. Person; (b) you are not accessing Perps from within the United States; (c) you are not accessing Perps on behalf of, or for the benefit of, any U.S. Person; (d) you will not use any technology, mechanism, or technique (including a VPN, proxy, or similar tool) to circumvent or attempt to circumvent geographic restrictions on Perps; and (e) you understand that these representations are material and that Fomo is relying on them in providing you access to Perps functionality.