BTC $81,488 
ETH $2,432 
USDT $0.9989 
BNB $720.57 
XRP $1.31 
USDC $0.9996 
SOL $104.59 
TRX $0.3363 
FIGR_HELOC $1.03 
ZEC $1,173 Pump.fun adds Hyperliquid-powered perpetual futures for BTC and ETH
The Solana memecoin platform now offers leveraged BTC and ETH contracts through Hyperliquid's order books, with access blocked in some jurisdictions.
Key takeaways
- Fee per order. Pump.fun sets a builder fee of up to 0.10% on each perpetual order.
- Access limits. Perpetual futures are restricted in the United States, Ontario and other prohibited jurisdictions.
What happened
Pump.fun has moved beyond memecoin trading by launching crypto perpetual futures powered by Hyperliquid's decentralized trading infrastructure. Traders can take positions without owning the underlying assets.
Hyperliquid's HyperCore handles order matching, margin balances, funding payments and liquidations. Pump.fun supplies the interface and uses Hyperliquid's existing order books instead of building a separate derivatives system. The rollout followed the discovery of perpetual trading data in Pump.fun's API on October 9.
Pump.fun's updated fee schedule sets a builder fee of up to 0.10% on each perpetual order, charged when traders open, increase or close positions. Bridge transfers carry an additional fee of up to 0.25%. The service is restricted in the United States, Ontario and other prohibited jurisdictions.
First $91.67Latest $79.77-13.0% over the period
Points are daily observations, not closing prices.
Why it matters
The launch gives Pump.fun a derivatives revenue stream alongside its spot trading business. In late September, Pump.fun overtook Hyperliquid in weekly revenue, generating $15.16 million against Hyperliquid's $15.06 million. Hyperliquid, meanwhile, gains order flow through another interface.
Hyperliquid's liquidity supports the product without Pump.fun running its own order book. At the end of August, Hyperliquid saw about $12.43 billion in daily perpetual futures trading volume. Leveraged trading still carries liquidation risk, and traders can lose their entire posted collateral in sharp moves.
The two platforms already had ties. Pump.fun integrated HyperEVM trading on August 26, letting users trade supported tokens against USDC.
What the data shows
PUMP traded near $0.004649, up 3.92% over 24 hours, according to Blockonomi. That report also said the token rose about 8.9% from its Friday intraday low. CoinGape reported that PUMP had fallen 5.35% despite the launch.
What is still unclear
- The reports give conflicting short-term moves for PUMP, with one citing a 3.92% gain and another a 5.35% decline. The two figures cover different windows and are not directly comparable.
- The reports do not state how much revenue Pump.fun expects from the builder fee or how many users can access the product.
Questions readers ask
What leverage does Pump.fun offer on perpetual futures?
Trades run through Hyperliquid's infrastructure.
Who handles settlement for Pump.fun perpetual futures?
Hyperliquid's HyperCore handles order matching, margin balances, funding payments and liquidations. Pump.fun provides the trading interface.
What fees does Pump.fun charge on perpetual orders?
Pump.fun sets a builder fee of up to 0.10% on each perpetual order. Bridge transfers carry an additional fee of up to 0.25%.
Can US traders use Pump.fun perpetual futures?
No. Pump.fun restricts perpetual futures access in the United States, Ontario and other prohibited jurisdictions.
