USELESS Funding Rate & Schedule
USELESS perpetual futures funding rate on 6 exchanges: Binance, Bybit, OKX, BingX, MEXC, Hyperliquid. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-18 00:39 UTC, from the exchanges' public endpoints.
- • Next collection: Hyperliquid at 01:00 UTC (+0.0013%, longs pay shorts).
- • Collection intervals: every 1h, 4h.
USELESS — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| Binance | +0.0050% | ▲ longs pay | every 4h | 04:00 UTC | +0.0100% | +10.9% | $12.2M | |
| Bybit | +0.0050% | ▲ longs pay | every 4h | 04:00 UTC | +0.0100% | +10.9% | $4.1M | |
| OKX | +0.0050% | ▲ longs pay | every 4h | 04:00 UTC | +0.0100% | +10.9% | $4.9M | |
| BingX | +0.0050% | ▲ longs pay | every 4h | 04:00 UTC | +0.0100% | +10.9% | $2.6M | |
| MEXC | +0.0050% | ▲ longs pay | every 4h | 04:00 UTC | +0.0100% | +10.9% | $1.5M | |
| Hyperliquid | +0.0013% | ▲ longs pay | every 1h | 01:00 UTC | +0.0100% | +10.9% | $1.2M |
The rate updates during the period and is fixed at collection. The 8h equivalent compares different intervals fairly (0.01% every 4h = 0.02% per 8h). Source: the exchanges' public endpoints.
Frequently asked questions
What is the USELESS funding rate?
A periodic payment between long and short holders of the USELESS perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is USELESS funding collected?
It depends on the exchange: Binance 4h, Bybit 4h, OKX 4h, BingX 4h, MEXC 4h, Hyperliquid 1h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest USELESS funding?
At the last refresh the lowest 8h equivalent for longs was Binance (+0.0100%) and the highest for shorts Hyperliquid (+0.0100%). Rates change during the period and are fixed at collection.
How is USELESS funding calculated?
Payment = position size × funding rate. A 10,000 USDT USELESS long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on Binance ($12.2M).
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads