Pump.fun app adds 300+ Hyperliquid perp markets, including stocks

What happened

Pump.fun, best known as a Solana token launchpad, now lets app users open leveraged positions on Hyperliquid without bridging separately. Orders execute on Hyperliquid, which runs matching and liquidations; Pump.fun is the front end. It lists maximum leverage of 40x on BTC, 25x on ETH, 20x on stocks such as TSLA and NVDA and 50x on the S&P 500, with limits varying by market. Positions use isolated margin, with take-profit and stop-loss orders.

What it costs

Pump.fun adds a builder fee (an extra fee a front end can charge on Hyperliquid orders, capped by the protocol) of 0.05% per trade, or 0.04% with a referral code, plus Hyperliquid’s own trading fee. Its fees page, updated 17 October, caps the builder fee at 0.05% of each order’s notional value and allows up to 0.25% on each bridge transfer to or from Hyperliquid, plus the bridge operator’s fees. On a $1,000 position opened and closed, the Pump.fun fee alone is about $1. Compare what each front end adds in our front-end comparison.

Who can use it

Section 30B.2 of Pump.fun’s terms bars anyone in the United States or Ontario, Canada from the perpetuals feature; the spot launchpad is unaffected. Perps are leveraged and a position can be liquidated quickly in a fast market.

Pump.fun also said it will add trading on Kinetiq’s Elysium network from 9 November; see that story.