Hyperliquid USELESS perpetual
USELESS
As of 2026-09-09 12:46 UTC, USELESS on Hyperliquid has a collected rate of +0.0013% over 1h, or +10.95% simple annualised; its collected settlement interval is 1h, with up to 3x leverage. Lighter has a lower rate for longs at +10.51%.
Settled rates over the past 30 days
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 |
|---|---|---|---|
| Lighter | USELESS | 8h | +10.51% |
| Bitget | USELESSUSDT | 4h | +10.95% |
| Gate | USELESS_USDT | 4h | +10.95% |
| Hyperliquid this page | USELESS | 1h | +10.95% |
| OKX | USELESS-USDT-SWAP | 4h | +10.95% |
| Binance | USELESSUSDT | 4h | +45.33% |
| Aster | USELESSUSDT | 4h | +54.80% |
| Bybit | USELESSUSDT | 4h | +84.91% |
Common questions
What is the Hyperliquid USELESS funding rate?
The latest collected Hyperliquid USELESS funding rate is +0.0013% over a 1h rate period, or +10.95% simple annualised. That period is used for conversion and may differ from the settlement interval. Positive means longs pay shorts; negative reverses this.
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, with 1 margin tiers shown. Actual leverage also depends on position size, account settings and venue rules.
What is the maintenance margin rate on Hyperliquid USELESS?
The first tier requires 16.6667%, and there are 1 tiers in all — a larger position requires more. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
Which venue has the lowest USELESS funding cost for longs?
For a long position, Lighter currently has the lowest rate at +10.51% annualised; this page's Hyperliquid is at +10.95%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
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 2026-09-09 12:46 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.