pump.fun launches Hyperliquid-powered perpetual contract trading and discloses fees
BIBIBI
AT A GLANCE
pump.fun has launched Hyperliquid-powered perpetual contract trading and disclosed caps on builder and cross-chain fees.
Article
pump.fun discloses rates for Hyperliquid-powered perpetual contract functionality, with builder fees of up to 0.1%BlockBeats reports that October 18, pump.fun has launched perpetual contract trading powered by Hyperliquid. Its fee terms disclose that, when users trade on Hyperliquid through its perpetual contract functionality, the platform will charge a builder fee of up to 0.10%of the notional value of each submitted order, applicable to orders to open, increase, and close positions. Users must authorize the feature by signing when first using it, and fees will be displayed separately before an order is confirmed.
When transferring assets to or from Hyperliquid through the in-app cross-chain feature, pump.fun additionally charges up to 0.25%per transaction, in addition to fees charged by the bridge service operator itself; the two may be combined and displayed in the interface as a single cross-chain fee.Hyperliquid's trading fees, funding fees, and one-time account activation fee deducted upon the first deposit are all charged by third parties, rather than pump.fun. The “platform fee” separately defined in the terms does not apply to orders using this feature.
Original link https://m.theblockbeats.info/flash/372384
Key points
01
BlockBeats reports that pump.fun has launched perpetual contract trading powered by Hyperliquid.
02
pump.fun charges a builder fee of up to 0.10%of the notional value of each submitted order, applicable to orders to open, increase, and close positions.
03
Users must authorize the feature by signing when first using it, and fees will be displayed separately before an order is confirmed.
04
When transferring assets to or from Hyperliquid through the in-app cross-chain feature, pump.fun additionally charges up to 0.25%per transaction.
05
Cross-chain fees are also in addition to charges imposed by the bridge service operator, and the two fees may be combined and displayed in the interface.
06
Hyperliquid's trading fees, funding fees, and one-time account activation fee upon the first deposit are charged by third parties, rather than pump.fun.
07
The “platform fee” defined in the terms does not apply to orders using this feature.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
When users access Hyperliquid through pump.fun for perpetual contract trading, they may pay pump.fun builder fees in addition to trading fees, funding fees, and other charges imposed by third parties; use of the in-app cross-chain feature may also incur pump.fun cross-chain fees and bridge operator charges.
Why it matters to readers
These rates affect users’ total costs for trading and cross-chain transfers. Because builder fees are calculated based on order notional value, fees may apply when opening, increasing, or closing positions; types of fees may also apply to cross-chain transfers.
Before confirming orders and cross-chain transactions, new users should review the fee breakdown and note that a “maximum rate” does not mean the cap will be charged every time. Perpetual contracts also involve different fee categories, including trading fees and funding fees.
Risks and unknowns
The materials do not include the original announcement or complete fee terms from pump.fun or Hyperliquid, so the specific rules still need to be verified.
Actual rates charged may be lower than the disclosed maximum rates; the materials do not specify the rate for each transaction.
The materials do not provide trading volume, user adoption, or revenue data for this feature.
The materials do not specify the bridge service operator’s fee schedule.
Related Developments
Loading event timeline…
Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
