USELESS icon

USELESS Perp

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Hyperliquid24h Volume$7.5MOpen Interest$11.2MFunding (1h)+0.01043%Premium+0.18562%Oracle price$0.25Max Leverage3x
$0.25−4.8%

About this contract

USELESS-PERP is a perpetual futures contract on Hyperliquid, settled in USDC. It never expires — the position stays open until you close it or it is liquidated. Every hour, funding is exchanged between longs and shorts to hold the contract price against the USELESS index.

Your margin is shared across every Hyperliquid position in this wallet, so a loss here can move the liquidation price of the others.

Cross marginIndexUSELESS/USDSettles in USDCFunding hourlySize step1 USELESS