Launch it.
Long it.
Short it.
Every coin launched here on pump.fun becomes a perpetual market. Go long or short with up to 5x leverage, settled in USDC.
Perps on [memecoins]
Listed the moment it launches.
Listed the moment it launches.
Why most launchpads stop at the launch (and leave traders with nothing but a buy button).
The
Launchpad Gap
Perps on [memecoins]
Long it. Short it.
Long it. Short it.
Buy is the only button
On a normal launchpad you can buy a coin and hope. If you think it's overpriced, all you can do is watch.
On Perpetual you can short it.
On Perpetual you can short it.
No leverage on new coins
Perp exchanges list a coin weeks after it matters, if they list it at all.
Here the market opens the moment the coin does.
Here the market opens the moment the coin does.
Wicks that liquidate
Thin new coins spike for a single block, and leveraged traders get wiped out by a price that lasted seconds.
Perpetual liquidates on a 2-minute average price, so a one-block wick can't touch your position.
Perpetual liquidates on a 2-minute average price, so a one-block wick can't touch your position.
Every launch gets a perp market. Automatically.
No listing forms. No waiting.
Launch on pump.fun from your own wallet and keep the creator fees. The moment the launch confirms, your coin is listed here as $TICKER-PERP for anyone to trade.
01
Launch
Launch on pump.fun from your own wallet.
You are the creator and the creator fees go to you. Perpetual never holds your coin.
You are the creator and the creator fees go to you. Perpetual never holds your coin.
02
Auto-listed
Your coin becomes a perp market within the same minute.
Its price is read straight from the pump.fun bonding curve, and from its PumpSwap pool once it bonds.
Its price is read straight from the pump.fun bonding curve, and from its PumpSwap pool once it bonds.
03
Traded
Anyone can go long or short on it with leverage.
Positions settle in USDC. Opening and closing is a signature, with no network fee.
Positions settle in USDC. Opening and closing is a signature, with no network fee.
Deposit USDC once, then trade every coin launched here.
Deposit USDC
Deposit USDC
How trading works
Trading
[memecoins]
with up to 5x leverage
[memecoins]
with up to 5x leverage
01
Deposit USDC
Send USDC on Solana from your wallet.
It is credited to your trading balance as soon as the transfer confirms. One deposit covers every market.
It is credited to your trading balance as soon as the transfer confirms. One deposit covers every market.
read more
read more
02
Long or short
Pick a coin and a side.
Go long if you think it goes up, short if you think it goes down. Your profit or loss follows the coin's price from the moment you open.
Go long if you think it goes up, short if you think it goes down. Your profit or loss follows the coin's price from the moment you open.
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03
Leverage up to 5x
Your position size is your collateral times your leverage.
$10 at 5x is a $50 position. A 20% move in your favour is about +$10; the same move against you loses the $10.
$10 at 5x is a $50 position. A 20% move in your favour is about +$10; the same move against you loses the $10.
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04
Fees
0.3% of position size to open and 0.3% to close.
Plus a borrow fee of 0.02% of size for each hour the position is open. Opening and closing costs no network fee.
Plus a borrow fee of 0.02% of size for each hour the position is open. Opening and closing costs no network fee.
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05
Liquidation
A position is liquidated when its collateral is almost used up.
The trade panel shows your liquidation price before you open. Liquidations use a 2-minute average price, not a single tick.
The trade panel shows your liquidation price before you open. Liquidations use a 2-minute average price, not a single tick.
read more
read more
06
Withdraw
Take your balance out whenever you want.
Sign a withdrawal and the USDC is sent to your wallet, usually within a couple of minutes.
Sign a withdrawal and the USDC is sent to your wallet, usually within a couple of minutes.
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5 steps
From launch to payout
[step 01]
Launch a coin
Name, ticker, image. Launch on pump.fun from your wallet; you pay only the Solana network fee.
[step 02]
The market opens
Your coin is listed as a perp the moment the launch confirms. There is nothing to apply for.
[step 03]
Deposit
Traders deposit USDC once and can trade every market on Perpetual.
[step 04]
Open a position
Long or short, up to 5x. Signing the order costs no network fee.
[step 05]
Close and withdraw
Profit is added to your balance when you close. Withdraw it to your wallet at any time.
Your coin.
Your market.
Launch it in a minute.
It's tradable with leverage the moment it's live.
It's tradable with leverage the moment it's live.
Launch a coin
Launch a coin
Frequently Asked Questions
What can a position make?
$10 at 5x on a coin that moves 20% is about $10, either way. Leverage cuts both ways.
What is a perpetual?
A perpetual lets you profit from a coin's price going up (long) or down (short) without holding the coin. It has no expiry date: you close it when you choose.
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Do I need someone to take the other side?
No. Every position settles directly with Perpetual in USDC, so you never wait for another trader to match your order.
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Can I lose more than I put in?
No. The most a position can lose is its collateral. Profit on one position is capped at 5 times its collateral.
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Which coins can I trade?
Every coin launched through Perpetual on pump.fun. Each market's size limit grows with the coin's market cap.
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