The three costs
- Fomo fee: 0.05% per trade, taken from your perps cash balance at open and at close.
- Hyperliquid fee: a percentage of the full position size, not just your margin. The order screen shows it before you confirm.
- Funding: hourly payments on every open position.
Leverage limits
| Asset | Max leverage |
|---|---|
| BTC | 40x |
| ETH | 25x |
| SOL | 20x |
| Most altcoins | 10x |
At 40x, a move of roughly 2.5% against you wipes out the collateral; at 5x it takes roughly 20%.
Moving money
Transfers between your token and perps cash balances are free and instant. Minimum in: 5 USDC. Minimum out: 2 USDC. Minimum position: 15 USDC notional.
Sources: Fomo: perps trading fees, Fomo: leverage on perps. Fomo's help pages don't say whether the 10% referral discount applies to perps fees.
For spot trading, code DEAL cuts the 0.50% fee to 0.45% and adds 12.5% fee cashback: Fomo referral code DEAL.
Questions
What does Fomo charge on perps?
0.05% per trade at open and close, plus Hyperliquid's fee and hourly funding.
What is the maximum leverage on Fomo?
40x on BTC, 25x on ETH, 20x on SOL, 10x on most altcoins.
Can I trade Fomo perps in the US?
No. Perps are not available to U.S. persons.
Facts checked against Fomo's help center on 17 October 2026.