On Nov. 10, Pump.fun said its Hyperliquid-powered perpetual futures service now supports limit orders, time-weighted average price (TWAP) execution, cross margin, and the ability to add or remove margin on open positions.
The announcement adds collateral and execution controls to the Pump.fun app. Cross margin lets traders “share margin between positions,”, the company said, changing how collateral can back multiple trades—and how losses can spread between them.
The Solana memecoin launchpad introduced the service on Oct. 28, offering exposure to crypto, stocks, and commodities. Its launch thread advertised more than 300 Hyperliquid markets and isolated margin, which limits collateral and liquidation risk to an individual position.
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View post on XUnder Hyperliquid’s margin rules, cross-margin positions share collateral within the applicable pool. This makes collateral available across trades instead of setting it aside for each position, but losses on one trade can reduce the backing available for others. Liquidation depends on the shared account value, including unrealized gains and losses, compared with maintenance requirements.
Manual margin adjustment offers a separate control. For eligible isolated positions, Hyperliquid lets traders add or remove collateral after opening a trade, subject to margin requirements. Adding collateral increases the buffer against liquidation; removing it shrinks that buffer without reducing the position itself.
Price and Timing Controls
Limit orders allow traders to set a price or better instead of accepting the prevailing market price. TWAP orders break a larger trade into smaller orders executed over time, rather than submitting the full amount at once.
Hyperliquid’s order documentation notes that TWAP orders may not finish filling if market conditions prevent enough of the smaller orders from executing. Spreading execution over time does not guarantee that the full trade will be completed.
At the October launch, Pump.fun disclosed a fee of 0.05% per trade, or 0.04% with a referral code, in addition to Hyperliquid’s standard fee.
The upgrade broadens Pump.fun’s trading business beyond token launches. On Nov. 9, Pump.fun also announced that trading on the Elysium network was live in its app, as reported by The Defiant.
Source: thedefiant.io. Adapted by NBTC.
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