Pump.fun’s terms and fee schedule add app-level charges to Hyperliquid-run perpetual futures, leaving traders to account for costs from both services as they trade through the app.
The schedule, last updated Oct. 17, 2026, covers the perpetual futures feature Pump.fun routes through Hyperliquid. It sets a builder charge of up to 0.10% of each order’s notional value, or the full trade value. Pump.fun assesses the builder fee on submitted orders that start, adjust or exit a position. Pump.fun’s general Platform Fee does not apply to Perps orders.
Moving funds can add another charge: Pump.fun’s schedule lists a fee of up to 0.25% for each transfer through its in-app bridge. That amount is added to the bridge operator’s own fee, although Pump.fun says the two charges may appear together as one displayed figure. The listed structure gives Pump.fun a builder-fee payment, while users bear the order and transfer fees. Hyperliquid trading fees also apply, and its account activation fee is charged once, on a user’s first deposit. Funding payments occur hourly and can move between long and short positions in either direction.
Pump.fun’s terms describe the app as an interface that verifies and forwards signed messages; Hyperliquid manages the resulting positions, margin balances and liquidations. Positions stay on Hyperliquid if a user stops accessing them through Pump.fun, and users can reach their accounts through other interfaces. Pump.fun can set a lower leverage limit for trading through its own app.
Hyperliquid’s margin tiers set Bitcoin (BTC) leverage at up to 40x below $150 million of USD Coin (USDC) notional exposure and 20x above it. For Ether (ETH), the corresponding limits are 25x below $100 million and 15x above. Pump.fun may set lower caps for trades through its app.
