Updated 3 November 2026 · Facts checked on Fomo's help center, 3 November 2026
Fomo Perps: Fees, Leverage and Minimums, Plus Where Code DEAL Fits
Fomo charges up to 0.05% a trade on perpetual futures (perps), and Hyperliquid's own fee comes on top. Leverage goes up to 40x on BTC. Perps aren't available to US persons. Code DEAL is a sign-up code for Fomo's spot trading fees; Fomo's help center doesn't say the referral discount or the referral share applies to perps, so this page doesn't claim it does.
What a perps trade costs
- Fomo's fee: up to 0.05% of the position size per trade, taken from your perps cash balance when you open and again when you close.
- Hyperliquid's fee: a percentage of the full position size, not of the margin you put up. With leverage, it's charged on the leveraged amount.
- Funding: separate from trading fees. Funding rates are hourly payments on every open position, whether or not you trade.
The order screen shows the exact fee, the estimated fill price, slippage and the margin used before you confirm.
An example
You put up 100 USDC at 10x, so you control a 1,000 USDC position.
| Amount | |
|---|---|
| Fomo's fee to open (up to 0.05% of 1,000 USDC) | up to 0.50 USDC |
| Fomo's fee to close (same size) | up to 0.50 USDC |
| Hyperliquid's fee | on 1,000 USDC, shown on the order screen |
| Funding | hourly, while the position is open |
A 5% move against you loses 50 USDC, half of your 100 USDC. That's how leverage works in both directions.
Leverage limits
| Asset | Maximum leverage |
|---|---|
| BTC | 40x |
| ETH | 25x |
| SOL | 20x |
| Most other markets | 3x, 5x or 10x |
Only whole numbers can be chosen. Higher leverage puts the liquidation price closer: Fomo's help center says that at 40x on BTC a move of roughly 1.25% against you is enough to liquidate the position; at 5x on BTC it takes roughly 18.75%.
Minimums
- Moving money into your perps cash balance: at least 5 USDC.
- Moving it back out: at least 2 USDC.
- Smallest position: 15 USDC notional.
- No Fomo fee on these transfers; they usually take a few minutes, and the amount can briefly show in neither balance.
Not for US persons
Fomo's perps are provided by third-party protocols and aren't available to US citizens, residents or anyone located in the US. Fomo's terms also ban using a VPN or proxy to get around this.
Where code DEAL fits
DEAL goes on your Fomo account once, before your first trade: open fomo.family/r/deal first, sign up with your Apple ID or Google account, and type DEAL if the app asks for a code. On spot trades Fomo then charges 0.45% instead of 0.50%, and the DEAL code owner sends back 12.5% of those Fomo fees in USDC (10% Off + Fee Cashback). Fomo's help center describes the referral discount and the referral share for token trades on Solana and the EVM chains; it doesn't mention perps. More: cashback with DEAL and fees.
Checked on 3 November 2026 against Fomo's help articles perps trading fees, leverage on perps and how referral codes work.
Questions
What does Fomo charge on perps?
Up to 0.05% of the position size per trade, when you open and when you close, plus Hyperliquid's fee on the full position size. Funding rates are paid separately, hourly.
What's the maximum leverage on Fomo?
40x on BTC, 25x on ETH, 20x on SOL, and 3x, 5x or 10x on most other markets.
Can people in the US trade perps on Fomo?
No. Perps aren't available to US persons or anyone located in the US.
Does code DEAL lower perps fees?
Fomo's help center doesn't say so. DEAL's 10% discount and 12.5% cashback are described for Fomo's token trading fees.
What's the smallest perps trade on Fomo?
15 USDC notional, after moving at least 5 USDC into your perps cash balance.