Pump.fun Adds Hyperliquid-Powered Perpetual Futures

Pump.fun has added a perpetual-futures interface for Bitcoin and Ether, using Hyperliquid’s infrastructure to execute trades and manage positions. The product offers leveraged contracts, with reported maximum leverage of 40 times for Bitcoin and 25 times for Ether. Pump.fun’s terms describe the service as an interface that sends signed trading instructions to Hyperliquid, which handles orders, margin, funding, liquidations and settlement. The contracts allow eligible users to take leveraged positions without owning the underlying cryptocurrencies and have no set expiration date. Pump.fun’s published terms say it does not act as the counterparty. Instead, Hyperliquid’s trading system supplies execution and related functions, while Pump.fun provides the user-facing access point. Pump.fun’s fee schedule lists a builder fee of up to 0.10% of an order’s notional value, including orders that open, add to or close a position. It also sets a transfer fee of up to 0.25% for moving assets through the app’s bridge to or from Hyperliquid. These are maximum rates, not confirmation of what a particular user will pay. Bridge-operator fees, Hyperliquid trading and funding charges, and a...