fomo adds perps through Hyperliquid and Trade[XYZ]

What happened

fomo’s release notes for 11 June 2026 announced perpetuals “alongside spot trading”. A perpetual future, or perp, is a contract that tracks an asset’s price without you owning it; you can bet on the price going down as well as up, and use leverage, which multiplies losses as much as gains. fomo sends the orders to Hyperliquid, a perps exchange, and to Trade[XYZ], whose markets on Hyperliquid cover stocks, commodities, indices, currencies and pre-IPO companies. The release note says perps “are provided by third-party protocols and are not available to U.S. Persons.” The help centre now says perps also work on the web app; fomo has not dated that.

What it costs

fomo’s help centre, updated this week, says fomo “charges up to 0.05% of the position size per trade”, when you open and again when you close, and Hyperliquid’s fee comes on top. Both are charged on the full leveraged size, not just your margin. Funding payments, charged hourly while a position is open, are a separate cost. Our explainer, fomo perps explained, and our perps bench break this down.

The numbers since launch

DefiLlama’s fomo perps fees start on 11 June, the launch day:

Month (2026)	fomo perps fees
June (from the 11th)	$133,889
July	$183,797
August	$548,552
September	$977,775
October	$1,591,960

Perps are the one part of fomo whose fees kept rising after September, while spot fees fell sharply.

What we could not verify

The launch blog post itself was not archived. We have not confirmed the fee rate from on-chain fills, and fomo does not say whether referrers earn a share of perps fees.