Useless (USELESS) — Funding Rates
Perpetual futures funding rates across exchanges
Useless (USELESS) perpetual futures currently show funding across 16 markets, averaging 0.0128% per interval. The highest rate is 0.0816%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
16
Highest Rate
0.0816%
Lowest Rate
0.0000%
Total Perp Markets
16
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | USELESS/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 PM | $0.13 | $62.36M |
| Kucoin | USELESS/USDT | +0.0297% | +0.0% | 8000h · 8:00:00 AM | $0.13 | $20.61M |
| Binance | USELESS/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.13 | $13.29M |
| Bybit | USELESS/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.13 | $7.66M |
| Xt | USELESS/USDT | +0.0052% | +0.0% | 8000h | $0.13 | $1.34M |
| MEXC | USELESS/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.13 | $1.34M |
| Bingx | USELESS/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.13 | $1.3M |
| Bitget | USELESS/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.13 | $1.12M |
| Phemex | USELESS/USDT | +0.0050% | +0.0% | 8000h | $0.13 | $983.54K |
| Gate | USELESS/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $0.01 | $961.78K |
| Blofin | USELESS/USDT | +0.0327% | +0.0% | 8000h · 8:00:00 PM | $0.25 | $948.2K |
| Bitunix | USELESS/USDT | +0.0000% | +0.0% | 8000h · 8:00:00 AM | $0.13 | $936.76K |
| Pionex | USELESS/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.13 | $271.71K |
| Aster | USELESS/USDT | +0.0050% | +0.0% | 1000h · 8:00:00 AM | $0.13 | $72.94K |
| Lighter | USELESS/USDC | +0.0816% | +0.7% | 1000h · 8:56:07 AM | $0.13 | $67.75K |
| Btse | USELESS/USD | +0.0050% | +0.0% | 8000h | $0.13 | $64.96K |
Useless Funding Rate FAQ
What is the USELESS funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on USELESS perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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