Pump.fun moves into perpetual futures with Hyperliquid powering the engine

Pump.fun built its name as the place where memecoins are born. Now it wants a piece of the leveraged trading business, too. A post on X announced that Pump.fun is launching crypto perpetual futures trading powered by Hyperliquid. API data shared around October 9, 2026, shows the platform pulling funding rates and open interest for BTC and ETH perpetuals directly from Hyperliquid’s HyperCore mainnet. What Pump.fun is actually plugging into Perpetual futures are a type of derivative contract. They let traders bet on an asset’s price without owning it, and with no expiration date. The funding rate is a periodic payment between long and short traders that keeps the contract price tethered to the real market price. Open interest measures how many contracts remain open at a given time. Both figures are being sourced from HyperCore, Hyperliquid’s core trading layer. Rather than building its own derivatives engine from scratch, Pump.fun is borrowing Hyperliquid’s order book and liquidity. The leverage on offer is substantial. According to the research findings, traders can access up to 40x margin on BTC and 25x on ETH. A partnership that has been building for months This is not Pump.fun’s ...