OKX USELESS perpetual
USELESS-USDT-SWAP
As of 2026-09-09 12:47 UTC, USELESS-USDT-SWAP on OKX has a collected rate of +0.0050% over 4h, or +10.95% simple annualised; its collected settlement interval is 4h, with up to 10x leverage. Lighter has a lower rate for longs at +10.51%.
Settled rates over the past 30 days
Maintenance margin ladder
No 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 – 100000 base | 2.0000% | 10.00x | — |
| 2 | 100010 – 200000 base | 3.0000% | 9.52x | — |
| 3 | 200010 – 300000 base | 4.0000% | 9.09x | — |
| 4 | 300010 – 400000 base | 4.5000% | 8.70x | — |
| 5 | 400010 – 500000 base | 5.0000% | 8.33x | — |
| 6 | 500010 – 600000 base | 5.5000% | 8.00x | — |
| 7 | 600010 – 700000 base | 6.0000% | 7.69x | — |
| 8 | 700010 – 800000 base | 6.5000% | 7.41x | — |
| 9 | 800010 – 900000 base | 7.0000% | 7.14x | — |
| 10 | 900010 – 1000000 base | 7.5000% | 6.90x | — |
| 11 | 1000010 – 1100000 base | 8.0000% | 6.67x | — |
| 12 | 1100010 – 1200000 base | 8.5000% | 6.45x | — |
| 13 | 1200010 – 1300000 base | 9.0000% | 6.25x | — |
| 14 | 1300010 – 1400000 base | 9.5000% | 6.06x | — |
| 15 | 1400010 – 1500000 base | 10.0000% | 5.88x | — |
| 16 | 1500010 – 1600000 base | 10.5000% | 5.71x | — |
| 17 | 1600010 – 1700000 base | 11.0000% | 5.56x | — |
| 18 | 1700010 – 1800000 base | 11.5000% | 5.41x | — |
| 19 | 1800010 – 1900000 base | 12.0000% | 5.26x | — |
| 20 | 1900010 – 2000000 base | 12.5000% | 5.13x | — |
| 21 | 2000010 – 2100000 base | 13.0000% | 5.00x | — |
| 22 | 2100010 – 2200000 base | 13.5000% | 4.88x | — |
| 23 | 2200010 – 2300000 base | 14.0000% | 4.76x | — |
| 24 | 2300010 – 2400000 base | 14.5000% | 4.65x | — |
| 25 | 2400010 – 2500000 base | 15.0000% | 4.55x | — |
| 26 | 2500010 – 2600000 base | 15.5000% | 4.44x | — |
| 27 | 2600010 – 2700000 base | 16.0000% | 4.35x | — |
| 28 | 2700010 – 2800000 base | 16.5000% | 4.26x | — |
| 29 | 2800010 – 2900000 base | 17.0000% | 4.17x | — |
| 30 | 2900010 – 3000000 base | 17.5000% | 4.08x | — |
| 31 | 3000010 – 3100000 base | 18.0000% | 4.00x | — |
| 32 | 3100010 – 3200000 base | 18.5000% | 3.92x | — |
| 33 | 3200010 – 3300000 base | 19.0000% | 3.85x | — |
| 34 | 3300010 – 3400000 base | 19.5000% | 3.77x | — |
| 35 | 3400010 – 3500000 base | 20.0000% | 3.70x | — |
| 36 | 3500010 – 3600000 base | 20.5000% | 3.64x | — |
| 37 | 3600010 – 3700000 base | 21.0000% | 3.57x | — |
| 38 | 3700010 – 3800000 base | 21.5000% | 3.51x | — |
| 39 | 3800010 – 3900000 base | 22.0000% | 3.45x | — |
| 40 | 3900010 – 4000000 base | 22.5000% | 3.39x | — |
| 41 | 4000010 – 4100000 base | 23.0000% | 3.33x | — |
| 42 | 4100010 – 4200000 base | 23.5000% | 3.28x | — |
| 43 | 4200010 – 4300000 base | 24.0000% | 3.23x | — |
| 44 | 4300010 – 4400000 base | 24.5000% | 3.17x | — |
| 45 | 4400010 – 4500000 base | 25.0000% | 3.13x | — |
| 46 | 4500010 – 4600000 base | 25.5000% | 3.08x | — |
| 47 | 4600010 – 4700000 base | 26.0000% | 3.03x | — |
| 48 | 4700010 – 4800000 base | 26.5000% | 2.99x | — |
| 49 | 4800010 – 4900000 base | 27.0000% | 2.94x | — |
| 50 | 4900010 – 5000000 base | 27.5000% | 2.90x | — |
| 51 | 5000010 – 5100000 base | 28.0000% | 2.86x | — |
| 52 | 5100010 – 5200000 base | 28.5000% | 2.82x | — |
| 53 | 5200010 – 5300000 base | 29.0000% | 2.78x | — |
| 54 | 5300010 – 5400000 base | 29.5000% | 2.74x | — |
| 55 | 5400010 – 5500000 base | 30.0000% | 2.70x | — |
| 56 | 5500010 – 5600000 base | 30.5000% | 2.67x | — |
| 57 | 5600010 – 5700000 base | 31.0000% | 2.63x | — |
| 58 | 5700010 – 5800000 base | 31.5000% | 2.60x | — |
| 59 | 5800010 – 5900000 base | 32.0000% | 2.56x | — |
| 60 | 5900010 – 6000000 base | 32.5000% | 2.53x | — |
| 61 | 6000010 – 6100000 base | 33.0000% | 2.50x | — |
| 62 | 6100010 – 6200000 base | 33.5000% | 2.47x | — |
| 63 | 6200010 – 6300000 base | 34.0000% | 2.44x | — |
| 64 | 6300010 – 6400000 base | 34.5000% | 2.41x | — |
| 65 | 6400010 – 6500000 base | 35.0000% | 2.38x | — |
| 66 | 6500010 – 6600000 base | 35.5000% | 2.35x | — |
| 67 | 6600010 – 6700000 base | 36.0000% | 2.33x | — |
| 68 | 6700010 – 6800000 base | 36.5000% | 2.30x | — |
| 69 | 6800010 – 6900000 base | 37.0000% | 2.27x | — |
| 70 | 6900010 – 7000000 base | 37.5000% | 2.25x | — |
| 71 | 7000010 – 7100000 base | 38.0000% | 2.22x | — |
| 72 | 7100010 – 7200000 base | 38.5000% | 2.20x | — |
| 73 | 7200010 – 7300000 base | 39.0000% | 2.17x | — |
| 74 | 7300010 – 7400000 base | 39.5000% | 2.15x | — |
| 75 | 7400010 – 7500000 base | 40.0000% | 2.13x | — |
| 76 | 7500010 – 7600000 base | 40.5000% | 2.11x | — |
| 77 | 7600010 – 7700000 base | 41.0000% | 2.08x | — |
| 78 | 7700010 – 7800000 base | 41.5000% | 2.06x | — |
| 79 | 7800010 – 7900000 base | 42.0000% | 2.04x | — |
| 80 | 7900010 – 8000000 base | 42.5000% | 2.02x | — |
| 81 | 8000010 – 8100000 base | 43.0000% | 2.00x | — |
| 82 | 8100010 – 8200000 base | 43.5000% | 1.98x | — |
| 83 | 8200010 – 8300000 base | 44.0000% | 1.96x | — |
| 84 | 8300010 – 8400000 base | 44.5000% | 1.94x | — |
| 85 | 8400010 – 8500000 base | 45.0000% | 1.92x | — |
| 86 | 8500010 – 8600000 base | 45.5000% | 1.90x | — |
| 87 | 8600010 – 8700000 base | 46.0000% | 1.89x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h. 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 | USELESS | 1h | +10.95% |
| OKX this page | 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 OKX USELESS funding rate?
The latest collected OKX USELESS funding rate is +0.0050% over a 4h 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 OKX USELESS?
The collected settlement interval is 4h, normally 6 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on OKX USELESS?
The collected leverage cap for OKX USELESS is 10x, with 87 margin tiers shown. Actual leverage also depends on position size, account settings and venue rules.
What is the maintenance margin rate on OKX USELESS?
The first tier requires 2.0000%, and there are 87 tiers in all — a larger position requires more. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
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 OKX is at +10.95%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX USELESS funding paid over the past 30 days?
Settlements over the past 30 days annualise to +8.17% across 178 settlements, 11% 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 12:47 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
178 settlements are available, covering 712 known-period hours, from 2026-08-10 16:00 to 2026-09-09 04:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.