fomo charges up to 0.05% of the position size per trade on perps. Hyperliquid fees also apply. Hyperliquid's fee is a percentage of the full position size, not just the margin you put up, so with leverage the fee is on the leveraged amount.

The fee rate is shown on the order screen before you place the trade. On mobile, tap the details row to see it with the estimated fill price, slippage and margin used. On the web it sits under the order button as a percentage.

Trading fees deduct from your perps cash balance at the moment of execution, both when you open a position and when you close it.

The PnL shown on a closed position in your Perps history includes funding and does not include these trading fees. Added up, your closed positions come to more than the change in your perps cash balance, and the difference is the fees paid on those trades.

Hyperliquid's part of the fee depends on your rolling 14 day volume. These are its published base rates for perps, as of November 3, 2026. Taker applies to market orders and limit orders that fill immediately; maker applies to limit orders that rest on the book.

Hyperliquid works the tier out per trading account, and on fomo that account is your fomo wallet, so volume on a separate Hyperliquid account doesn't count toward it.

Some markets on Hyperliquid carry a higher rate than the base table, which is why the rate on the order screen, fomo's fee and Hyperliquid's together, is the number to go by. The full schedule is on Hyperliquid's fees page: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees

Already trading on Hyperliquid at a higher volume tier? Tell us at [email protected], or reach us through the app, and we will be in touch.

Funding rate costs are separate from trading fees. Trading fees apply when you place a trade. Funding rates are ongoing hourly payments that apply to every open position regardless of whether you are actively trading. Both are real costs of perps trading and should be considered together.

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, and it lands by itself.

The minimum transfer into your perps cash balance is 5 USDC, the minimum transfer out is 2 USDC, and the minimum position size is 15 USDC notional.

Perpetuals ("Perps") are provided by third-party protocols and are not available to U.S. Persons (citizens, residents, or anyone located in the U.S.). Do not attempt to access perps from within the United States.

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.