Fomo Perps Fees (2026): The 0.05% Fee, Hyperliquid & Funding
Fomo routes perpetual futures trading through Hyperliquid. When you open and close a leveraged perpetual position inside Fomo, three separate cost layers exist:
| Cost Layer | Rate | How It Applies |
|---|---|---|
| Fomo perps fee | 0.05% (5 bps) | Charged on the leveraged notional size at open and again at close |
| Hyperliquid exchange fee | Hyperliquid taker/maker tier | Charged by Hyperliquid on the full leveraged notional position |
| Funding rate | Variable hourly | Peer-to-peer funding between longs and shorts on Hyperliquid |
Important note on leverage math: on a $1,000 margin trade at 10x leverage, your notional position is $10,000 — so a 0.05% fee is $5.00 to open and $5.00 to close. Where Fomo credits referral commission on Fomo's own perps fee, JOIN2026 returns 15% of Fomo's fee share in USDC (Hyperliquid's own exchange fee is excluded). Remember that cash moved into your perps balance must be moved back to your cash balance if you ever send USDC yourself.
0.50% standard fee drops to 0.45% in-app (10% off), plus 15% of your Fomo fees sent back in USDC by the JOIN2026 code owner (0.3825% net effective rate — 23.5% total savings).
Official Sources Checked (15 November 2026)
- How referral codes and fee discounts work — official Fomo Help Center, checked 15 November 2026
- Trading fees on fomo — official Fomo Help Center, checked 15 November 2026
- Creating your fomo account — official Fomo Help Center, checked 15 November 2026
- Sending to another fomo user — official Fomo Help Center, checked 15 November 2026
- Creator rewards & referral history — official Fomo Help Center, checked 15 November 2026
- JOIN2026 15% USDC Fee Cashback Terms — set and paid by the independent
JOIN2026code owner, not by Fomo
Frequently Asked Questions
Does JOIN2026 cashback cover Hyperliquid's base fee?
No. Only Fomo's own fee generates referral commission; Hyperliquid's underlying protocol fee and funding payments go to Hyperliquid/counterparties.