Pump.fun has added a perpetual futures interface that lets users trade Bitcoin and Ethereum contracts through Hyperliquid. The move gives the memecoin platform a derivatives screen while Hyperliquid handles the trading engine underneath. $PUMP rose 3.92% to $0.004649 in the 24 hours after the launch, according to the article.
What traders can access
The service lists Bitcoin contracts with up to 40x and Ethereum contracts with up to 25x. Users can go long or short without buying the underlying coin. Perpetual futures have no expiry date. Pump.fun now shows a Perps section next to its existing products.
The rollout follows perpetual trading data found in Pump.fun’s API on October 9, 2026. That data included prices, funding rates, volumes, and open interest from Hyperliquid’s HyperCore mainnet. $PUMP had touched a Thursday low near $0.00427, then moved past $0.004482 around midnight before nearing its daily high.
Hyperliquid runs execution
Hyperliquid handles order execution, margin balances, funding payments, liquidations, and settlement. Pump.fun provides the interface for sending trading instructions. The setup uses Hyperliquid’s existing order books, not a separate Pump.fun derivatives engine. Terms updated on October 17, 2026 describe software that forwards signed instructions to Hyperliquid. Pump.fun says it is not the counterparty.
The link builds on Pump.fun’s August 26 integration for HyperEVM token trading against USDC. Hyperliquid’s documentation says HyperEVM sits on the same blockchain as HyperCore, which runs spot and perpetual order books. Users can also reach existing Hyperliquid positions through other compatible interfaces. Those positions remain subject to Hyperliquid’s margin rules, funding payments, and liquidation process.
Fees and restrictions
Pump.fun’s schedule sets a builder fee of up to 0.10% of an order’s notional value and a bridge fee of up to 0.25% per transfer. These are caps, not automatic charges on every trade. The builder fee covers orders that open, increase, or close a position. First-time users confirm the service with a signature, and the fee appears separately before the order is final. At the top rate, a $10,000 order carries a $10 builder fee.
The bridge fee applies to transfers to or from Hyperliquid and excludes the bridge operator’s charges. At Pump.fun’s maximum rate, its part of a $1,000 transfer is $2.50 before third-party costs. Hyperliquid bills trading fees and funding costs separately, plus a single account activation charge from the initial deposit. Pump.fun leaves perpetual orders out of its standard Platform Fee. Access is barred for users in the United States, Ontario, and other restricted jurisdictions.
Revenue context
Pump.fun recorded weekly revenue of $15.16 million in September, slightly above Hyperliquid’s $15.06 million. Those numbers describe the businesses before the perpetual futures integration, not income from the new service. The order and bridge charges could add a revenue source for Pump.fun, whose business has relied heavily on memecoin trading. Its fee schedule charges perpetual orders apart from the general Platform Fee, at 0.45% for wallets without a referral code and 0.40% for those using someone else’s code. The article notes it was produced with AI assistance and reviewed by the editorial team.
