Pump.fun, the app best known for Solana memecoins, has added perpetual futures trading, and the trades run on the Hyperliquid exchange. Pump.fun announced on X that the service is live, according to crypto news outlets that cite the post.
What happened
Pump.fun has added perpetual futures trading to its app. Users can take long or short positions on more than 300 markets covering crypto, stocks and commodities, and they trade from the USDC or SOL balance in their Pump.fun wallet. PANews and DeFiprime, citing Pump.fun's post on X, report that the company announced the service as live on October 28.
Pump.fun did not build its own trading engine for this. Hyperliquid runs the trades: it matches orders, handles margin and funding payments, and carries out liquidations, while Pump.fun provides the app. Pump.fun earns a fee on each trade through Hyperliquid's builder codes, according to Hyperliquid's documentation.
The service did not appear all at once. Pump.fun's data feed first showed perps data around October 9, according to Bankless. Bankless, Bitcoin.com and CryptoTicker reported trading on Bitcoin and Ether live on October 16 and 17. Then on October 28, Pump.fun posted on X that Hyperliquid perps were live in the app with 300+ markets, as reported by Altcoin Buzz, PANews and DeFiprime.
What Pump.fun perpetual futures offer
- Markets: More than 300 Hyperliquid markets covering crypto, stocks and commodities, according to PANews, which cites Pump.fun's X post.
- Leverage: Up to 40x on Bitcoin, 25x on Ether, 20x on stocks such as Tesla and Nvidia, and 50x on the S&P 500. DeFiprime notes the limits vary across the app.
- Risk tools: Isolated margin, which keeps a position's collateral separate from the rest of a user's funds, plus take-profit and stop-loss orders.
- Funding: Users trade with USDC or SOL held in their Pump.fun wallet. The announcement says no cross-chain bridging is needed. DeFiprime and Bitcoin.com both report that Pump.fun's fee page still allows a bridge-transfer fee of up to 0.25%.
- Fees: Pump.fun charges its own builder fee when a position is opened, increased or closed. Hyperliquid's usual trading fee is charged on top. Outlets disagree on the maximum Pump.fun fee: DeFiprime reports up to 0.05% (0.04% with a referral code), while Bitcoin.com reports up to 0.10%. Hyperliquid's documentation caps builder fees on perps at 0.1%. Check Pump.fun's fee page for the current figure.
- Who cannot use it: Bankless and Bitcoin.com report that people in the United States and Ontario, Canada, are barred. DeFiprime says other jurisdictions are also excluded. Bitcoin.com adds that using a VPN to get around the limits is not allowed.
Why it matters
Bitcoin.com reports that the move gives Pump.fun a new source of revenue without the cost of building its own derivatives exchange. Bankless says it follows Pump.fun's August integration of spot trading on Hyperliquid's HyperEVM network.
Hyperliquid's documentation says a user must approve a maximum builder fee before an app can charge it, and users can revoke that approval at any time. Bitcoin.com also notes that small price moves against a leveraged trader can wipe out collateral. This article is news, not investment advice.
DeFiprime reports that Pump.fun says it does not operate or control the Hyperliquid protocol, and that prices and liquidation levels shown in its app are only indicative.
What happens next
PANews reports that Pump.fun later added support for Arbitrum, so users can trade any token on that network with their USDC balance. The report gives no date. No other next steps have been confirmed.
Frequently asked questions
Does Pump.fun have perpetual futures trading?
Yes. Reports say Pump.fun added perpetual futures to its app in mid-October 2026. On October 28, it posted on X that Hyperliquid perps were live with more than 300 markets.
Does Pump.fun run its own exchange for perps?
No. Reports say Hyperliquid matches the orders, tracks funding payments and handles liquidations. Pump.fun provides the app that users trade in. DeFiprime reports that Pump.fun says it does not operate or control the Hyperliquid protocol.
What markets can I trade?
PANews, citing Pump.fun's X post, says there are more than 300 Hyperliquid markets covering crypto, stocks and commodities.
What leverage does Pump.fun perps offer?
Reported limits are up to 40x on Bitcoin, 25x on Ether, 20x on stocks such as Tesla and Nvidia, and 50x on the S&P 500. DeFiprime says the limits vary across the app.
What are the fees?
Pump.fun charges its own builder fee when a position is opened, increased or closed, and Hyperliquid's usual trading fee is added. Outlets report different maximums for Pump.fun's fee: up to 0.05% (DeFiprime) or up to 0.10% (Bitcoin.com). Hyperliquid caps builder fees on perps at 0.1%. A bridge-transfer fee of up to 0.25% is also reported. Check Pump.fun's fee page for current figures.
What funds do I need, and do I have to bridge?
Users trade with USDC or SOL held in their Pump.fun wallet, and the announcement says no cross-chain bridging is needed. PANews adds that Arbitrum support was added later, so users can trade any token on Arbitrum with their USDC balance.
Is Pump.fun perps available in the US?
No. Bankless and Bitcoin.com report that people in the United States and Ontario, Canada, are barred. DeFiprime says other jurisdictions are also excluded. Bitcoin.com adds that using a VPN to get around the limits is not allowed.
What are the risks?
Bitcoin.com notes that small price moves against a leveraged trader can wipe out collateral, and Hyperliquid automatically liquidates positions that fall below margin requirements. DeFiprime reports that prices and liquidation levels shown in Pump.fun's app are indicative only. This article is news, not investment advice.



