Key Notes
- Pump.fun says its app now covers more than 300 Hyperliquid perpetual markets.
- Announced leverage limits reach 50x on the S&P 500 and 40x on Bitcoin.
- Pump.fun adds a trading fee on order value while transfer costs and eligibility limits remain separate.
Pump.fun has added access to more than 300 Hyperliquid perpetual-futures markets in its app, extending trading beyond memecoins to contracts linked to cryptocurrencies, stocks and commodities.
The platform’s October 28 announcement says users can go long or short from their Pump.fun wallets, funding trades with USDC or SOL. Hyperliquid supplies the underlying derivatives infrastructure.
Pump.fun announces Hyperliquid perpetual futures in its app.
— Pump.fun (@Pumpfun) October 28, 2026
Leverage Reaches 50x on the S&P 500
Pump.fun lists maximum leverage of 40x for Bitcoin, 25x for Ether, 20x for stocks such as Tesla and Nvidia, and 50x for the S&P 500. Those are announced upper limits for particular contracts, rather than a uniform setting across the full market list.
The app uses isolated margin and supports take-profit and stop-loss instructions when a position is opened or afterward. The rollout also adds social callouts for perps positions, with rewards tied to followers trading from those posts.
Stock-linked perpetuals provide derivative exposure to price movements. Buying one does not make the trader a shareholder in Tesla or Nvidia. Similarly, commodity-linked contracts do not deliver physical commodities.
The App Handles the Transfer Flow
Pump.fun promotes the experience as requiring no bridging. Its published terms, however, explicitly provide for third-party bridges when assets move to or from Hyperliquid. The distinction is that users can initiate the flow inside the app, rather than that cross-chain infrastructure has disappeared.
Under those terms, Pump.fun transmits signed instructions while Hyperliquid matches orders and maintains positions, collateral and settlements. Positions remain on Hyperliquid and can be accessed through other compatible interfaces if access to Pump.fun ends.
Access is restricted: the terms exclude people in the United States and Ontario, Canada, as well as other restricted jurisdictions. The announcement is therefore not a global retail launch without eligibility limits.
The 0.05% Fee Is an Additional Charge
In its announcement thread, Pump.fun quotes a 0.05% trading charge, reduced to 0.04% with a referral code, on top of Hyperliquid’s standard fee.
The fee schedule describes a builder fee of up to 0.05% of order notional, including opening, increasing or closing a position. It is calculated on the value traded, rather than only the margin posted.
For example, a $4,000 order incurs a $2 Pump.fun charge at the 0.05% rate, before Hyperliquid’s fees. Closing the same notional incurs another charge. Funding payments are separate from those execution costs.
The schedule also allows Pump.fun to charge up to 0.25% on transfers through the in-app bridge, in addition to the bridge operator’s fees. Hyperliquid’s one-time account activation charge can also apply. The headline trading rate is consequently not an all-inclusive cost.
The launch follows Pump Bridge and the addition of PreStocks tokens. Those earlier products concern cross-chain swaps and tokenized private-company exposure; this integration adds leveraged derivatives executed on Hyperliquid. Margin and liquidation rules make its risk profile different from simply buying and holding a token.
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