Perps on fomo vs Hyperliquid directly: what the extra fee buys

What one spot buy costs

Each app's own fee on one buy, from its published schedule. fomo's rows come from its fee schedule through our fee engine; nobody's fee here is measured.

$25 buy$100 buy$1,000 buy

• fomoSolana, lowest-fee route $0.50
• fomoSolana, other routes $0.95
• fomoBase, BNB Chain, Ethereum and other chains $0.13
• pump.fun appPlatform Fee, web and mobile app, no referral code $0.11
• PhantomIn-wallet swap $0.21
• AxiomBase fee, lowest cashback tier $0.25
• MoonshotBuy or sell in the app $0.99
• RobinhoodStandard trade (market maker routing, the default) no commission; spread not published
• RobinhoodExchange routing, lowest volume tier, market order $0.24
• CoinbaseSimple buy or sell in the app not published

• fomoSolana, lowest-fee route $0.95
• fomoSolana, other routes $0.95
• fomoBase, BNB Chain, Ethereum and other chains $0.50
• pump.fun appPlatform Fee, web and mobile app, no referral code $0.45
• PhantomIn-wallet swap $0.85
• AxiomBase fee, lowest cashback tier $1.00
• MoonshotBuy or sell in the app $1.00 to $2.50
• RobinhoodStandard trade (market maker routing, the default) no commission; spread not published
• RobinhoodExchange routing, lowest volume tier, market order $0.95
• CoinbaseSimple buy or sell in the app not published

• fomoSolana, lowest-fee route $5.00
• fomoSolana, other routes $5.00
• fomoBase, BNB Chain, Ethereum and other chains $5.00
• pump.fun appPlatform Fee, web and mobile app, no referral code $4.50
• PhantomIn-wallet swap $8.50
• AxiomBase fee, lowest cashback tier $10.00
• MoonshotBuy or sell in the app $10.00
• RobinhoodStandard trade (market maker routing, the default) no commission; spread not published
• RobinhoodExchange routing, lowest volume tier, market order $9.50
• CoinbaseSimple buy or sell in the app not published

Fee on one spot buy by app and trade size

App and published rate	$25	$100	$1,000
fomoSolana, lowest-fee routeFloors below $190, then 0.50%Network fee: fomo pays Solana gas	$0.50	$0.95	$5.00
fomoSolana, other routes0.50%, $0.95 minimumNetwork fee: fomo pays Solana gas	$0.95	$0.95	$5.00
fomoBase, BNB Chain, Ethereum and other chains0.50%Network fee: You pay the network fee on top	$0.13	$0.50	$5.00
pump.fun appPlatform Fee, web and mobile app, no referral code0.45%Network fee: You pay Solana gas; on EVM chains pump.fun pays gas and adds 0.10% to 0.15%	$0.11	$0.45	$4.50
PhantomIn-wallet swap0.85% on most swapsNetwork fee: You pay; some swaps are gasless (sponsored)	$0.21	$0.85	$8.50
AxiomBase fee, lowest cashback tier1%, about 0.95% net of cashbackNetwork fee: You pay, including a priority fee you set	$0.25	$1.00	$10.00
MoonshotBuy or sell in the app2.5% (about $0.99 minimum) to $100, 1% aboveNetwork fee: A separate 'crypto fee' for the network and routing, shown before you confirm	$0.99	$1.00 to $2.50	$10.00
RobinhoodStandard trade (market maker routing, the default)No commission; spread not publishedNetwork fee: Not applicable inside the account	no commission; spread not published
RobinhoodExchange routing, lowest volume tier, market order0.95% (0.50% on resting limit orders)Network fee: Not applicable inside the account	$0.24	$0.95	$9.50
CoinbaseSimple buy or sell in the appNot published as a scheduleNetwork fee: Not applicable inside the account	not published

Each row is the app’s own fee on one trade and nothing else. Outside every row: pool and LP fees (including pump.fun’s on-chain protocol and creator fees, which apply on every app), any spread built into a quoted price, network fees unless the row says the app pays them, price impact, slippage and token taxes. Perps rows exclude funding (or Moonshot’s borrowing fee) and assume a market order at each venue’s base tier.

• fomo, Solana, lowest-fee route: Which Solana route is available changes from trade to trade, so the same size can cost either fomo Solana row.

What a perps trade costs

Perps (perpetual futures) let you bet on a price with borrowed money; the fee is charged on the full position size, not your margin. Bars: opening a $1,000 position with a market order.

• fomoUp to 0.05% fomo fee plus Hyperliquid taker fee up to $0.95
• HyperliquidDirect, base tier, taker $0.45
• Phantom0.05% Phantom fee plus Hyperliquid $0.95
• pump.fun appUp to 0.05% builder fee plus Hyperliquid up to $0.95
• AxiomPerpetuals tab, on Hyperliquid not published
• MoonshotLeverage: transaction fee only (borrowing fee extra) $1.00
• CoinbaseUS perpetual-style futures (Coinbase Derivatives) not on a page we could read

Perps fee per side by app and position size

App and published rate	$25	$100	$1,000	Open + close $1,000
fomoUp to 0.05% fomo fee plus Hyperliquid taker feeup to 0.095% per side	up to $0.024	up to $0.095	up to $0.95	up to $1.90
HyperliquidDirect, base tier, taker0.045% per side	$0.011	$0.045	$0.45	$0.90
Phantom0.05% Phantom fee plus Hyperliquid0.095% per side	$0.024	$0.095	$0.95	$1.90
pump.fun appUp to 0.05% builder fee plus Hyperliquidup to 0.095% per side	up to $0.024	up to $0.095	up to $0.95	up to $1.90
AxiomPerpetuals tab, on HyperliquidNot published	not published
MoonshotLeverage: transaction fee only (borrowing fee extra)0.20% ($0.25 minimum) to $100, 0.10% above	$0.25	$0.25	$1.00	$2.00
CoinbaseUS perpetual-style futures (Coinbase Derivatives)Not read	not on a page we could read

Per side means one execution: you pay it again when you close. Excludes funding payments (or Moonshot's borrowing fee) and assumes the lowest volume tier with no staking or referral discount. On Hyperliquid's stock, commodity and other builder-deployed markets the Hyperliquid part of the fee is set per market. fomo and pump.fun publish only a maximum for their own part, so their rows read "up to". fomo's minimum position is 15 USDC.

Beyond cost

fomo and Hyperliquid compared on custody, chains, platforms and availability

Feature	fomo	Hyperliquid
What it is	Phone-first trading app with a social feed of every trade	An exchange on its own chain with perps and spot order books; fomo’s perps run on it
Who holds your crypto	Non-custodial wallets on Privy; the key is split into shares and you can export it from Settings	Self-custodial: you sign with your own wallet, or log in by email to a wallet you can export
Chains	Solana, Base, BNB Chain, Monad, Ethereum, Robinhood Chain, Arc and Elysium from one cash balance; perps on Hyperliquid	Its own chain; deposits from Arbitrum, Bitcoin, Ethereum, Solana, Monad, Plasma, Avalanche and Zcash
Platforms	iOS, Android and web	Web app; on phones through apps such as Phantom, MetaMask and Dexari
Funding	USDC, Apple Pay, debit card, Pay with Coinbase, and US bank (ACH) for some accounts; card and bank on mobile only	Crypto deposits; card through Swapped.com, an independent provider
Perps	Yes, Hyperliquid markets including stocks and commodities; not for US persons	Yes; base taker fee 0.045%, maker 0.015%; more order types than fomo (stops, take-profit, scale, trailing stop, TWAP)
In the US	Spot trading yes; perps and tokenized stocks no	No: its interface is not available to people in the United States or Ontario
Social features	Feed of every trade, following, theses, leaderboards and clans; no copy trading	None in its docs

How the two fees stack

Hyperliquid is the exchange; fomo is one of many apps that send orders to it. Hyperliquid lets those apps attach a “builder code” to each order: a fee the app collects on top of Hyperliquid’s own, which the user approves once and which Hyperliquid caps at 0.1% on perps. fomo’s perps fee article says fomo charges up to 0.05% of the position size per trade, on opening and on closing, plus Hyperliquid’s fee.

So an order placed through fomo pays two fees: Hyperliquid’s (the same as anyone at that volume tier pays) and fomo’s. An order placed on Hyperliquid’s own site pays only the first. Both are a percentage of the full position, so with 10x leverage a $100 margin is a $1,000 position and pays the $1,000 fee. Funding payments are separate and the same either way.

Two details move the numbers. Hyperliquid’s fee falls with your 14-day volume and with HYPE staking (up to 40% off), and resting limit orders pay its lower maker rate; the table assumes the smallest tier and a market order. And on Hyperliquid’s stock, commodity, index and other builder-deployed markets (fomo lists these from the xyz venue), the market’s deployer sets an extra share, so Hyperliquid’s part of the fee can be higher than the base table. fomo’s order screen shows the rate before you trade.

What the extra fee buys on fomo

From fomo’s help centre:

• No wallet setup. You sign in with Apple or Google; there is no seed phrase and no bridging. Your perps balance is funded from the same fomo cash balance you use for tokens, with no fomo fee to move money between the two (5 USDC minimum in, 2 USDC out).
• Hyperliquid’s account fee paid. fomo says it covers Hyperliquid’s 1 USDC account creation fee.
• A phone app. Perps on iOS, Android and the web, next to fomo’s token trading and its social feed.
• The same markets. Hyperliquid’s crypto perps plus the xyz markets covering stocks, commodities, indices, currencies and pre-IPO companies.

What you give up: fomo offers market, limit and TWAP orders, while Hyperliquid’s own interface lists stop, take-profit, scale, trailing-stop and chase orders as well. Hyperliquid’s volume tiers still apply on fomo (fomo’s article says Hyperliquid’s part depends on your own 14-day volume), but fomo publishes only a maximum for its own part, not a discount for volume.

Who can use which

Neither is open to people in the US. fomo’s terms say perps “is not available to U.S. Persons”, and Hyperliquid’s terms say its interface is not available to anyone who lives in, is located in, or is incorporated in the United States or Ontario, Canada. fomo’s terms also call using a VPN to reach perps a material breach. If you are in the US and want perps, Coinbase offers US perpetual-style futures through its CFTC-regulated derivatives exchange; see fomo vs Coinbase.

Who each one suits

• Hyperliquid directly suits someone who trades perps often or in size, since fomo’s fee adds the same percentage on every trade, or who wants Hyperliquid’s full set of order types and its maker rebates.
• fomo suits someone who wants perps inside the app they already use for tokens, funded from one balance, without setting up a separate wallet, and who trades small enough or rarely enough that the per-side difference in the table matters less to them.

Leverage can wipe out a position fast; on either venue a small move against a highly leveraged position can liquidate it. What fomo traders actually paid in perps fees is measured on the perps bench.