Pump.fun

Hyperliquid

PUMP

Ethereum

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">PUMP price climbed 3.92% to $0.004649 following Pump.fun’s launch of Hyperliquid-powered perpetual futures trading services.</li>
 <li style="font-weight: 400">Pump.fun now offers Bitcoin contracts with 40x leverage and Ethereum perpetual contracts with 25x.</li>
 <li style="font-weight: 400">Hyperliquid handles order execution, margin requirements, and liquidations, while Pump.fun provides the trading interface directly.</li>
 <li style="font-weight: 400">Pump.fun charges up to 0.10% per order and restricts perpetual trading in certain jurisdictions.</li>
</ul>
Pump.fun’s native token, PUMP, has climbed 3.92% over the past 24 hours to trade at $0.004649 following its derivatives expansion. The recovery follows earlier<a href="https://blockonomi.com/pump-fun-shifts-from-full-token-burns-to-50-model/" rel="noopener noreferrer nofollow">PUMP token price movements and buyback activity</a>, as traders assess the platform’s latest trading service.
PUMP recovered from a Thursday low near $0.00427 and crossed $0.004482 around midnight before approaching its daily high. The price movement comes as Pump.fun <a href="https://x.com/gumsays/status/2111127253434110410?s=20" rel="noopener noreferrer nofollow">introduces</a> leveraged Bitcoin and Ethereum perpetual futures powered by Hyperliquid’s trading infrastructure.
<h2 id="b-pump-price-recovers-as-pump-fun-expands-into-perpetual-futures-b">PUMP Price Recovers as Pump.fun Expands Into Perpetual Futures</h2>
PUMP traded near $0.004649 during the latest market update, rising approximately 8.9% from its Friday intraday low. Meanwhile, Pump.fun has introduced Bitcoin perpetual contracts offering up to 40x leverage, while Ethereum contracts support up to 25x.&nbsp;
Traders can open long or short positions without purchasing the underlying cryptocurrencies, although leveraged positions carry liquidation risks.
The rollout follows an October 9 discovery of perpetual trading data within Pump.fun’s application programming interface. That data included funding rates, trading volumes, and open interest sourced from Hyperliquid’s HyperCore mainnet.
Pump.fun uses Hyperliquid’s existing order books rather than operating a separate derivatives engine. HyperCore handles execution, margin balances, and liquidations, while Pump.fun provides the interface used to submit trading instructions.
Hyperliquid has continued expanding its derivatives business throughout 2026, attracting traders across cryptocurrencies and other asset markets. Earlier<a href="https://blockonomi.com/hyperliquid-hype-soars-to-88-as-open-interest-surges-past-14-billion-mark/" rel="noopener noreferrer nofollow">Hyperliquid trading activity and open interest growth</a> showed rising demand for its perpetual contracts.
Pump.fun previously integrated HyperEVM trading on August 26, allowing users to trade supported tokens against USDC. The perpetual futures launch builds on that earlier connection while adding leveraged positions to the platform.
<h2 id="b-pump-fun-publishes-perpetual-trading-fees-and-regional-restrictions-b">Pump.fun Publishes Perpetual Trading Fees and Regional Restrictions</h2>
Pump.fun’s updated fee schedule sets a builder fee of up to 0.10% on each perpetual order. The charge applies when traders open, increase, or close positions through the platform.
Bridge transfers carry an additional Pump.fun fee of up to 0.25%, excluding charges collected by third-party operators. Hyperliquid’s trading and funding charges remain separate, while its account activation fee applies to first deposits.
For example, a $10,000 order would cost $10 at the maximum builder fee. The actual charge may be lower, depending on the rate applied during order confirmation.
These fees introduce another potential revenue source for Pump.fun, which previously relied heavily on memecoin trading activity. Earlier<a href="https://moneycheck.com/pump-fun-pump-surges-20-as-token-buyback-program-exceeds-466m/" rel="noopener noreferrer nofollow">PUMP buyback and revenue figures</a> showed weekly revenue reaching $15.16 million in September, exceeding Hyperliquid’s $15.06 million.
The new service excludes traders located in the United States and Ontario, alongside other restricted jurisdictions. Pump.fun’s terms specify that Hyperliquid manages positions and settlements, while users remain responsible for monitoring their collateral.
The restrictions come amid wider discussions about regulating decentralized derivatives markets. Recent<a href="https://coincentral.com/hyperliquid-hype-price-token-holds-near-90-as-regulators-review-derivatives/" rel="noopener noreferrer nofollow">Hyperliquid regulatory developments</a> have examined how perpetual contracts fit within existing financial market rules.
Other companies are pursuing different routes into the derivatives market. Kraken’s parent company, Payward, previously outlined plans for <a href="https://parameter.io/krakens-payward-to-introduce-cftc-compliant-hyperliquid-perpetual-futures-in-the-us/" rel="noopener noreferrer nofollow">regulated Hyperliquid perpetual trading</a> through its U.S. operations.
Pump.fun’s terms confirm that traders can access existing Hyperliquid positions through other compatible interfaces. Their positions remain subject to Hyperliquid’s margin requirements, funding payments, and liquidation rules.
The post <a href="https://blockonomi.com/pump-price-jumps-as-pump-fun-launches-hyperliquid-perpetual-futures-trading/" rel="noopener noreferrer nofollow">PUMP Price Jumps as Pump.fun Launches Hyperliquid Perpetual Futures Trading</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

PUMP Price Jumps as Pump.fun Launches Hyperliquid Perpetual Futures Trading

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