Hyperliquid USELESS perpetual
USELESS
As of 2026-09-30 23:44 UTC, USELESS on Hyperliquid has a collected rate of +0.0014% over 1h, or +12.46% simple annualised; its collected settlement interval is 1h, with up to 3x leverage.
Settled rates over the past 30 days
Settled funding for USELESS
The latest 30-day window contains 14 settlements covering 14 known-period hours, with a cumulative rate of +0.1099%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-09-09 06:00 | +0.0051% | 1h |
| 2026-09-09 05:00 | +0.0013% | 1h |
| 2026-09-09 04:00 | +0.0013% | 1h |
| 2026-09-09 03:00 | +0.0066% | 1h |
| 2026-09-09 02:00 | +0.0064% | 1h |
| 2026-09-09 01:00 | +0.0053% | 1h |
| 2026-09-09 00:00 | +0.0037% | 1h |
| 2026-09-08 23:00 | +0.0037% | 1h |
| 2026-09-08 22:00 | +0.0046% | 1h |
| 2026-09-08 21:00 | +0.0043% | 1h |
| 2026-09-08 20:00 | +0.0078% | 1h |
| 2026-09-08 19:00 | +0.0085% | 1h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
How do I select the margin tier for USELESS?
This table selects tiers by position notional in USD, not by the amount of margin deposited. The first tier starts at 0.
Maintenance margin ladder
With deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 16.6667% | 3.00x | — |
Contract specification
Quote currency: USD · Settlement currency: USDC · Settlement interval: 1h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Hyperliquid this page | USELESS | 1h | +12.46% |
| Lighter | USELESS | 8h | +24.53% |
| Binance | USELESSUSDT | 4h | +37.47% |
| OKX | USELESS-USDT-SWAP | 4h | +44.37% |
| Bitget | USELESSUSDT | 4h | +45.33% |
| Bybit | USELESSUSDT | 4h | +56.83% |
| Aster | USELESSUSDT | 4h | +77.06% |
| Gate | USELESS_USDT | 4h | +108.62% |
Common questions
What is the Hyperliquid USELESS funding rate?
The latest collected Hyperliquid USELESS funding rate is +0.0014% per 1h rate period, or +12.46% simple annualised. At this rate longs pay shorts.
How often is funding charged on Hyperliquid USELESS?
The collected settlement interval is 1h, normally 24 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on Hyperliquid USELESS?
The collected leverage cap for Hyperliquid USELESS is 3x, on a single margin tier that applies at every position size.
What is the maintenance margin rate on Hyperliquid USELESS?
A single tier applies at every position size, requiring 16.6667%. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
What has Hyperliquid USELESS funding paid over the past 30 days?
Settlements over the past 30 days annualise to +68.79% across 14 settlements, 0% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-09-30 23:44 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Hyperliquid official data source · Funding methodology
History coverage for this contract
14 settlements are available, covering 14 known-period hours, from 2026-09-08 17:00 to 2026-09-09 06:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.