fomo charges 0.05% per trade on perps. Hyperliquid fees also apply and are shown on the order screen before you confirm, alongside the estimated fill price, slippage, and margin used.
Trading fees deduct from your perps cash balance at the moment of execution, both when you open a position and when you close it.
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.
Transfers between your token cash balance and your perps cash balance are free and instant within the app. There is no fee to move funds in or out of your perps cash balance. 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.