Fomo Perps: 50x Leverage & 0.05% Fees
Fomo combines mobile social trading with the institutional-grade derivative engine of Hyperliquid Layer 1 and Trade[XYZ]. Trade long or short across Bitcoin, Solana, and top trending tokens with cross-margin USDC collateral and zero gas friction.
The Hyperliquid L1 & Trade[XYZ] Engine on Mobile
Why Fomo's perpetual derivatives outperform conventional AMM-based decentralized exchanges.
Sub-Second CLOB Matching
Hyperliquid executes orders directly against an on-chain Central Limit Order Book (CLOB). Unlike Automated Market Makers (AMMs) that suffer from heavy price impact on large orders, Fomo perps offer institutional liquidity, tight spreads, and instant deterministic fills.
USDC Cross-Margin Efficiency
All open perpetual positions share a unified collateral pool denominated in USDC. Profits from a winning long position can automatically offset drawdown on a hedge, maximizing capital efficiency without requiring constant individual margin rebalancing.
Social Signals & Chart Avatars
Watch elite traders open perp positions in real time. Avatar badges pin directly to live TradingView candlestick charts showing exact entry levels, leverage ratios, and take-profit targets, enabling you to gauge market sentiment before opening positions.
Funding Rate & Liquidation Engine Mechanics
Perpetuals utilize an 8-hour dynamic funding rate mechanism to tether perpetual contract prices to underlying spot index prices. If the perp trades above spot (bullish premium), long positions pay short positions. If the perp trades below spot (bearish discount), shorts pay longs.
Premium = (Mark_Price - Index_Price) / Index_Price;
Funding_Rate = clamp(Premium + clamp(Interest_Rate - Premium, -0.05%, +0.05%), -4.0%, +4.0%);
Perpetuals Platform Comparison
Comparing Fomo Perps against traditional derivative DEX platforms.
| Feature | Fomo Perps | dYdX v4 | GMX v2 | Binance / Bybit |
|---|---|---|---|---|
| Execution Fee | 0.05% flat | 0.05% – 0.07% | 0.05% – 0.07% + Borrow | 0.04% – 0.06% |
| Max Leverage | Up to 50x | Up to 20x | Up to 50x | Up to 100x |
| Custody Model | Privy MPC (Non-Custodial) | Cosmos Non-Custodial | Self-Custody Web3 | Centralized Custody |
| Network Gas Fees | $0 Gas (Sponsored) | USDC / DYDX Gas | Arbitrum / AVAX Gas | N/A (Off-chain) |
| Mobile Native App | iOS & Android Apps | Mobile App | Web Browser Only | Centralized App |
How to Open a Perps Trade on Fomo
Four simple steps to execute leveraged crypto contracts with self-custody.
Deposit USDC
Deposit USDC directly or swap SOL, ETH, or Base tokens into USDC with zero gas fees.
Select Pair & Leverage
Navigate to the Perps tab, select your trading pair (e.g. SOL-PERP), and choose leverage from 2x up to 50x.
Set Take-Profit & Stop-Loss
Configure automated TP and SL trigger thresholds to manage risk before placing your order.
Confirm Order
Submit your trade. Your position settles sub-second on Hyperliquid L1 with zero network gas charged.
Important Compliance Notice for United States Traders
In compliance with U.S. regulatory frameworks governing leveraged financial derivatives, Fomo Perpetuals powered by Hyperliquid L1 and Trade[XYZ] are restricted from U.S. Persons and U.S. IP addresses under Section 2 of Fomo's Terms of Use. U.S. traders can freely execute non-custodial spot trades across all 7 supported blockchains with 100% sponsored gas and a 0.45% discounted fee rate using code FREEFEES.
Frequently Asked Questions About Perpetuals
Clear, direct answers regarding Fomo perpetual contracts and risk management.