fomo perpetual futures (perps) · web and mobile
fomo perps: trade crypto, stocks, gold and more.
Go long or short on crypto, stocks, indices, commodities and pre-IPO companies from one fomo account. And see what the traders you follow are doing, as they do it.
Not available in the U.S. or to U.S. persons.
What are perpetual futures?
Perpetual futures, or perps, are contracts that follow the price of an asset such as Bitcoin, Nvidia stock or gold. You take a position on which way the price will move: long if you think it will rise, short if you think it will fall. You don’t own the asset, and a perp has no expiry date. Every hour, one side pays the other a funding payment, which keeps the perp’s price close to the asset’s spot price. Leverage makes gains and losses bigger, and a position can be liquidated.
fomo is a trading app for iOS, Android and the web where you can trade every Hyperliquid and Trade[XYZ] perps market: crypto, stocks, indices, commodities and pre-IPO. Both are third-party decentralized protocols. Your perps and spot positions sit in one account and one portfolio. fomo charges 0.05% per trade, plus the protocol’s trading fee. You fund perps by moving USDC into a separate perps cash balance (minimum 5 USDC). Perps are not available in the U.S. or to U.S. persons.
How perps work on fomoPerps on fomo at a glance
- Markets
- Crypto, stocks, indices, commodities and pre-IPO
- Max leverage
- S&P 500 50x, BTC 40x, ETH and gold 25x, SOL and NVDA 20x; depends on the market
- Funding
- Paid every hour, by one side to the other
- Order tools
- Market orders, one-click trading, take profit, stop loss, limit close
- Margin
- Isolated or cross
- Minimums
- 5 USDC to fund perps · 15 USDC per position, including leverage
- Provided by
- Hyperliquid and Trade[XYZ]
- Where
- Web, iOS and Android, one account
- Availability
- Not available in the U.S. or to U.S. persons.
- Live since
- June 11, 2026 on mobile, October 24, 2026 on web
Popular perpetual futures on fomo
Every Hyperliquid and Trade[XYZ] perps market is tradeable on fomo: crypto, stocks, indices, commodities and pre-IPO. Each market page shows the live mark price, a price chart, funding and open interest.
| Market | Price | 24h change | Max leverage |
|---|---|---|---|
| Crypto | |||
 Bitcoin BTC · Crypto | -- | -- | -- |
 Ethereum ETH · Crypto | -- | -- | -- |
 Solana SOL · Crypto | -- | -- | -- |
 Hyperliquid HYPE · Crypto | -- | -- | -- |
| Stocks | |||
 Nvidia NVDA · Stock | -- | -- | -- |
 Alphabet GOOGL · Stock | -- | -- | -- |
 AMD AMD · Stock | -- | -- | -- |
 Micron MU · Stock | -- | -- | -- |
 SpaceX SPCX · Stock | -- | -- | -- |
| Indices | |||
 S&P 500 SP500 · Index | -- | -- | -- |
 XYZ U.S. 100 XYZ100 · Index | -- | -- | -- |
 Japan 225 JP225 · Index | -- | -- | -- |
| Commodities | |||
 Gold GOLD · Commodity | -- | -- | -- |
 Silver SILVER · Commodity | -- | -- | -- |
 WTI crude oil WTIOIL · Commodity | -- | -- | -- |
Natural gas NATGAS · Commodity | -- | -- | -- |
Mark prices from Hyperliquid, refreshed every 20 seconds. Max leverage depends on the market.
Stock and commodity perps may not have the insurance fund or backstop protections some other markets have. That raises the risk that the protocol reduces or closes positions, even profitable ones, at prices it sets (auto-deleveraging).
Perpetual futures vs. standard futures
Both let you go long or short on a price without owning the asset. Here is how they differ.
| Feature | Perpetual futures | Standard futures |
|---|---|---|
| Expiration | No expiration | Fixed expiration date |
| Funding | Periodic payments between traders | No funding payments |
| Holding positions | Hold without contract expiry | Close or roll over before expiry |
| Pricing | Designed to track the spot price | Differ from spot based on expiry and market conditions |
| Trading | Often available 24/7 | Trading hours depend on the exchange |
Trade perps on fomo now
Scan to download fomo, or log in on fomo web.
Download appNot available in the U.S. or to U.S. persons.
Perpetual futures on fomo web
Since October 24, 2026, you can trade perps on fomo web with the same account as the app.
Read the release notesPlace and manage orders
Create and manage perp orders on desktop.
See your perp positions
Your open perp positions show next to the chart.
Manage orders on the chart
Manage your orders directly on the chart.
The future of perps is social
A chart tells you the price. The feed tells you who’s in. On fomo, follow traders you rate, see where they’re long or short and how it’s going, and get notified when they open a position.
How to use fomo’s social features1.
Follow traders
Find people worth watching in the feed and on the leaderboards.
2.
See their perp positions
Positions show up across the feed, profiles and leaderboards.
3.
Share your thesis
Perps work with theses, profiles and share cards.
How to start trading perps on fomo
- Log in to fomo on web or mobile, confirm you’re not a U.S. Person, and move USDC into your perps cash balance (minimum 5 USDC).
- Open Perps and pick a market.
- Pick long or short, set your size (minimum 15 USDC, including leverage) and leverage, pick isolated or cross margin, add take profit or stop loss, and confirm.
How perps work: four things to know before your first trade
Long or short
Take a position on the price going up or down. A perp has no expiry date.
Placing a perps tradeFunding
Every hour, one side pays the other: longs pay shorts when the perp trades above spot, and shorts pay longs when it trades below. The amounts are small but add up over days.
Funding rates on perpsLiquidation
If your margin drops below the maintenance level, the position closes automatically. A stop loss can close it earlier, but fast moves can skip past it.
Liquidation on perpsPerps FAQ
What are perps?
Perpetual futures. They follow an asset’s price so you can go long or short without owning it, and they never expire.
Learn more: What perpetual futures are on fomo
Are perps the same as futures?
No. Standard futures have an expiry date. A perp doesn’t, and hourly funding payments keep its price close to the asset’s spot price.
How are perps different from spot trading?
Spot means you buy and own the asset. A perp only tracks the price, so you can go short as well as long and use leverage. You pay or receive funding every hour, and a leveraged position can be liquidated.
What can I trade?
Crypto like BTC and ETH, stocks like NVDA and GOOGL, indices like the S&P 500, gold, oil, and pre-IPO companies like Anthropic. Every Hyperliquid and Trade[XYZ] perps market is tradeable on fomo.
What is the maximum leverage on fomo perps?
It depends on the market. For example: up to 50x on the S&P 500, 40x on BTC, 25x on ETH and gold, and 20x on SOL and NVDA. Each market page shows its current maximum. Lower leverage gives your position more room before liquidation.
Learn more: Leverage on perps
Do I own the asset when I trade a perp?
No. A perp tracks the price only. You don’t own the token or the share, and stock perps carry no dividends or voting rights.
Who provides perps on fomo?
Third-party protocols: Hyperliquid and Trade[XYZ].
Can I trade Hyperliquid perps on fomo?
Yes. Every Hyperliquid and Trade[XYZ] perps market is tradeable on fomo, on web, iOS and Android, from one account. fomo charges 0.05% per trade, plus the protocol’s trading fee.
What fees do I pay?
fomo charges 0.05% per trade, plus the protocol’s trading fee on the full position size, when you open and when you close. The exact fee shows before you confirm.
Learn more: Perps trading fees
What’s the minimum to start?
You can move as little as 5 USDC into your perps cash balance. The minimum position is 15 USDC, including leverage.
How do I fund perps?
In the app, open your profile and tap Transfer cash to move USDC from your token cash balance to your perps cash balance. It’s free, and the minimum is 5 USDC.
Learn more: Funding your perps cash balance
Is trading perps risky?
Yes. Leverage makes gains and losses bigger: at 10x, a 5% move against you costs half your margin, and at 40x a move of about 2.5% can wipe it out. Positions can be liquidated, or reduced or closed by the protocol at prices it sets (auto-deleveraging), even when profitable.
Learn more: Risks of perps trading
What happens if my position is liquidated?
If your margin drops below the maintenance level, the position closes automatically. A stop loss can close it earlier, but fast moves can skip past it. The protocol can also reduce or close positions at prices it sets (auto-deleveraging), even profitable ones.
Learn more: Liquidation on perps
Can I trade perps on fomo web?
Yes. Since October 24, 2026, you can place and manage orders, see your perp positions and manage orders on the chart on fomo web. Same account, positions and following on web and mobile.
Can I trade fomo perps in the US?
No. Perps on fomo are not available in the U.S. or to U.S. persons (citizens, residents, or anyone located in the United States), and they may be restricted in other countries.
Keep learning about perps
Long it. Short it. Share it.
Not available in the U.S. or to U.S. persons.
Updated November 2026. Product details come from fomo’s Terms of Service, Help Center and release notes; leverage and live data from Hyperliquid.