What is Fogo?
Fogo is a layer-1 blockchain built for onchain trading that launched its public mainnet in January 2026. It runs the Solana Virtual Machine, so Solana apps and tools can move over with few changes, and it aims for very short block times. The FOGO token pays network fees and is used for staking and governance.
The FOGO perpetual tracks the price of Fogo, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 3× leverage, around the clock.
Contract details
- Market
FOGO, main exchange- Tracks
- The price of Fogo
- Settlement
- USDC, no expiry
- Leverage
- 3× at any size
- Margin
- Cross or isolated
- Size step
- 1 FOGO
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a FOGO trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 0.002712, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 0.002658
- Size
- 172417 FOGO ($467.59)
- Loss at the stop, fees included
- $10.00
- Leverage
- 3× cross, $155.86 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about FOGO
What is the maximum leverage on FOGO?
3×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on FOGO?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade FOGO on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own FOGO when I trade this market?
No. A perpetual tracks the price of Fogo and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
