Fomo Perps: leverage on crypto, stocks and gold from one app
Fomo perps put leverage trading on BTC, SpaceX, NVDA, gold and the S&P 500 into the same app and the same balance as your meme coins. Positions run on Hyperliquid and trade.xyz, not on Fomo's own books, with isolated margin, take profit and stop loss on the chart, and a 0.05% builder fee that drops to 0.045% with referral code GEMQUEENX. This page covers the markets, the leverage caps, the fees, the steps, and the one hard limit: no US persons.
- Crypto, stocks, pre-IPO, indices, commodities
- Up to 20x on stocks, 50x on the S&P 500
- Not available to US persons
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Fomo perps: key facts
- LaunchedJune 11, 2026, in the iPhone and Android apps and on Fomo Web.
- VenuesCrypto perps on Hyperliquid; stocks, pre-IPO, indices and commodities on trade.xyz, a market built on Hyperliquid. Fomo is the interface and the social layer.
- MarketsBTC, ETH, SOL, HYPE; NVDA, GOOGL, AAPL, TSLA, AMD, MU and other US stocks; SpaceX pre-IPO; S&P 500, Nasdaq 100, Nikkei 225, Kospi 200; gold, silver, oil, copper, natural gas.
- LeverageCapped per market by the venue: 20x on stocks and SpaceX, 50x S&P 500, 30x Nasdaq 100, 25x gold, 10x natural gas, up to 40x on BTC.
- MarginIsolated per position. On trade.xyz markets it is isolated-only, so margin cannot be pulled out of an open trade.
- OrdersTake profit and stop loss drawn on the chart, one-click open and close. The only place in the app with proper order types.
- Fees0.05% Fomo builder fee per side, 0.045% with referral code GEMQUEENX, plus the venue's taker or maker fee and hourly funding.
- HoursCrypto 24/7. Stocks and SpaceX 24/5. Indices and commodities Sunday evening to Friday evening Eastern, with holiday closures.
- SocialPerp trades show in the feed and on the leaderboard with direction, leverage and size, and can be copied like any spot trade.
- AvailabilityNot for US persons: citizens, residents or anyone located in the United States. Spot is unaffected.
What are Fomo perps?
Fomo perps are perpetual futures inside the Fomo app: leveraged long or short positions on crypto, US stocks, a SpaceX pre-IPO market, stock indices and commodities, executed on Hyperliquid and trade.xyz from the same USD balance used for spot trading. They use isolated margin, carry a 0.05% Fomo fee per side, and are not available to US persons.
What markets can you trade with Fomo perps?
Five groups, two venues. The crypto contracts are Hyperliquid's own. Everything else comes from trade.xyz, which builds stock, index and commodity perps on top of Hyperliquid and prices them from real exchange data through an oracle updated every few seconds. Fomo lists what the venues list, so the menu grows when they add a ticker; the launch set looked like this.
| Group | Markets | Leverage cap | Hours |
|---|---|---|---|
| Crypto | BTC, ETH, SOL, HYPE | Up to 40x on BTC, 25x ETH, 20x SOL, lower on HYPE | 24/7 |
| Pre-IPO | SpaceX (SPCX) | 20x | 24/5, Sun 8pm to Fri 8pm ET |
| US stocks | NVDA, GOOGL, AAPL, TSLA, AMD, MU, SNDK, MSTR, PLTR and more | 20x | 24/5, Sun 8pm to Fri 8pm ET |
| Indices | S&P 500, Nasdaq 100, Nikkei 225, Kospi 200 | 50x S&P 500, 30x Nasdaq 100, 20x Nikkei and Kospi | Sun 6pm to Fri 5pm ET; Asian indices on local schedules |
| Commodities | Gold, silver, Brent oil, copper, natural gas | 25x gold and silver, 20x oil and copper, 10x natural gas | Sun 6pm to Fri 5pm ET |
Two things the table hides. The stock and commodity contracts settle in USDC against a USD oracle, so you are trading the price, not the share: no dividends, no votes, no IPO allocation on SpaceX. And the caps are the venue's, checked September 2026; the leverage slider in the app stops wherever the venue does, and Fomo can set it lower on a thin market.
How much leverage do Fomo perps allow, and what does it do to you?
Leverage multiplies the position, not your balance. Put $100 of margin on a 20x SpaceX long and you hold $2,000 of exposure. Fomo perps use isolated margin, so the most you can lose on that trade is the $100, but you lose it fast: the exchange closes the position when the loss eats the margin down to the maintenance level, which at 20x on a 20x-cap market is about 2.5% against you. The calculator below uses the same rule Hyperliquid applies, maintenance margin equal to half the initial margin at the market's cap, and it is close enough to plan with; the ticket in the app shows the exact liquidation price before you confirm.
Open plus close fees on the notional: Fomo 0.045% and the venue 0.045% per side. Funding is extra and settles hourly.
Read the liquidation line, not the leverage number. At 5x on BTC the line is 18.8% away and a normal week will not touch it. At 20x on SpaceX it is 2.5% away, and SPCX moves that much in an hour on a quiet day. The traders on the Fomo leaderboard who survive on perps are mostly running 2x to 5x with a stop, which looks boring next to the 20x screenshots in the feed and is why they are still on the leaderboard.
How do Fomo perps fees work?
Two layers. Fomo takes a builder fee of 0.05% of the notional each time you open or close, cut to 0.045% with referral code GEMQUEENX. Then the venue charges its own trading fee, and here the two venues differ: Hyperliquid's base tier is 0.045% taker and 0.015% maker on crypto, while trade.xyz doubles that on stocks, indices and commodities, 0.09% taker and 0.03% maker, with a discounted "growth mode" on some non-crypto markets that brings it back down. Funding settles every hour: if the perp trades above the oracle, longs pay shorts, and the other way round. There is no gas and no subscription.
| Charge | Crypto perps | Stocks, indices, commodities, SpaceX | Notes |
|---|---|---|---|
| Fomo builder fee | 0.05% per side | 0.05% per side | 0.045% with referral code GEMQUEENX |
| Venue fee, base tier | 0.045% taker, 0.015% maker | 0.09% taker, 0.03% maker | Falls with 14-day volume; growth-mode markets cheaper |
| All-in taker, per side | About 0.095% | About 0.14% | On the notional, not the margin |
| $1,000 position, open and close | About $1.90 | About $2.80 | Before funding |
| Funding | Hourly, positive or negative | Shown on the market card | |
| Gas, subscription | $0 | ||
Datawallet's summary is fair: the all-in cost on Fomo is close to twice what you would pay placing the same order straight on Hyperliquid, and a maker order there is cheaper still. What you are paying for is the phone, the shared balance with your spot positions, and the feed. Whether that is worth 0.05% is a question about how you trade, not about the fee. Everything else Fomo charges is on the fees page.
How to trade perps on Fomo
Open the Perps tab Not in the US
In the iPhone or Android app, or on fomo.family, open Perps. If you do not see it, your account is flagged as US and there is no setting that changes that.
Pick a market and read the card
Each market shows the leverage cap, the current funding rate and the trading hours. On stocks, check the hours before a Friday evening trade; the position sits through the weekend.
Long or Short, margin and leverage Isolated
The margin comes out of your USD balance. Set leverage on the slider and watch the liquidation price on the ticket move as you do. Nothing is cross-margined; this trade cannot touch the others.
Set take profit and stop loss on the chart
Both are draggable lines. Put the stop inside the liquidation line, otherwise the exchange closes you out first and keeps the maintenance margin.
Confirm, then manage from the position screen
The trade lands in your portfolio and in the feed with direction, leverage and size, so your followers see it. Close it in one tap; on trade.xyz markets you cannot pull margin out early, only close part of the position.
Are Fomo perps available in the US?
No, and it is not a soft block. Fomo's terms exclude US persons from perps, meaning citizens, residents and anyone physically in the United States at the time, and the venues underneath apply the same rule. The app decides from the account and the location, hides the tab, and there is no support ticket that opens it. A VPN is a terms violation with a self-custodial wallet holding your money on the other side of it, which is a poor trade. Spot trading, the feed, copy trading and the leaderboards all work in the US as before; the legit and safe page lists the other twelve blocked countries.
Where Fomo perps go wrong
Liquidation is total
Isolated margin caps the loss at the margin, and the exchange takes all of it. Nobody on the feed posts those.
SpaceX moves like a meme coin
SPCX is the most traded pre-IPO perp on Hyperliquid and its swings produced liquidation waves above $50 million in July 2026. Twenty times leverage on it is a coin flip with a fee.
Weekend gaps
Stock and index perps close Friday evening and reopen Sunday. News in between shows up as a gap, and a stop loss fills at the reopen price, not at your line.
Funding adds up
An hourly rate looks tiny. Hold a crowded long for a week and it is not.
The feed shows the winners
Perp trades appear with leverage and size, which makes 20x look normal. It is not normal; it is survivorship on a timeline.
Fomo perps vs Hyperliquid direct vs Axiom
| Fomo | Hyperliquid app | Axiom | |
|---|---|---|---|
| Markets | Crypto, stocks, SpaceX, indices, commodities | Same contracts, plus everything HIP-3 lists | Crypto perps on Hyperliquid |
| Fee on top of the venue | 0.05% per side (0.045% code) | None | Builder fee, about 0.05% to 0.1% |
| Margin | Isolated only | Cross or isolated | Cross or isolated |
| Where | iPhone, Android, web, one balance with spot | Web and mobile web, separate deposit | Web |
| Social | Feed, leaderboard, copy | Leaderboard only | Wallet tracker |
| US persons | No | No | No |
If perps are the main event, trade on Hyperliquid directly and keep the 0.05%. If perps are a side dish next to the meme coins and the feed, Fomo is the only app where both live in one balance. Full comparison in Fomo vs Axiom.
Fomo perps questions
Does the Fomo app have perps?
Yes, since June 11, 2026. The Perps tab lets you go long or short on crypto, US stocks, a SpaceX pre-IPO market, stock indices and commodities with leverage, from the same USD balance you use for spot. Fomo does not run the exchange: crypto perps execute on Hyperliquid and everything else on trade.xyz, a market built on Hyperliquid.
How much leverage do Fomo perps offer?
The slider stops at the venue cap for each market: 20x on SpaceX, NVDA, GOOGL, AAPL and TSLA, 50x on the S&P 500, 30x on the Nasdaq 100, 25x on gold and silver, 20x on oil and copper, 10x on natural gas, and up to 40x on BTC through Hyperliquid. The cap is the ceiling, not a suggestion; at 20x a 2.5% move against you is a liquidation.
What are the fees on Fomo perps?
Fomo charges a 0.05% builder fee per side, or 0.045% with referral code GEMQUEENX. The venue adds its own fee on top: about 0.045% taker on Hyperliquid crypto perps and about 0.09% taker on trade.xyz stock, index and commodity perps at the base tier. Funding settles every hour and can be positive or negative. Nothing else: no gas, no subscription.
Are Fomo perps available in the US?
No. Perps are not available to US persons, which Fomo defines as citizens, residents and anyone physically located in the United States. The restriction comes from the venues, Hyperliquid and trade.xyz, not only from Fomo. The Perps tab is hidden or blocked for US accounts; spot trading is unaffected.
Are Fomo perps cross or isolated margin?
Isolated, per position. Each trade has its own margin and its own liquidation price, so one bad position cannot drain the others. On trade.xyz markets, which cover everything except crypto, the margin is isolated-only: you cannot remove margin from an open position, it comes back as you close.
Can I trade SpaceX on the Fomo app?
Yes, as a perpetual. SPCX on trade.xyz tracks the SpaceX pre-IPO valuation with up to 20x leverage and trades 24 hours a day, five days a week. It is a synthetic contract, not shares: there is no equity, no dividend and no claim on the IPO allocation. It is also the market that produced the biggest liquidation waves on Hyperliquid in July 2026.
Do Fomo perps trade 24/7?
Crypto perps do. Stock and pre-IPO perps trade 24/5, from Sunday 8pm to Friday 8pm Eastern; indices and commodities run Sunday 6pm to Friday 5pm Eastern with a daily pause. Positions stay open through the closure, and the Sunday reopen can gap through a stop loss.
Perps and meme coins from one balance, 10% off the Fomo fee
Sign up with referral code GEMQUEENX and the builder fee on every perp is 0.045% instead of 0.05%, for as long as the account exists.
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