USELESS live: funding rate, open interest, liquidations & volume spikes
Share: Share on X Telegram Reddit Download the 1200×630 card
Since yesterday
OI 24h: now vs 24h ago. Funding 24h: mean 8h-equivalent rate, last 24h vs the 24h before, hourly recorded history. Long accounts 24h: latest vs 24h earlier, hourly recorded history. Liquidations 24h: last 24h vs the 24h before, hourly recorded history. Recorded, refreshed every 15 minutes.
Live market summary
USELESS trades on 10 exchanges tracked by Swolecharts (Aster, Binance, Bitget, Bybit, Gate, HTX, Hyperliquid, KuCoin, Lighter and MEXC) across 10 perpetual futures markets (no spot market). The last price is 0.1296 USDT on Binance (-0.08% in the last hour), and 24h volume is $78.80M. Perpetual open interest totals $33.66M. The OI-weighted funding rate is 0.0043% per 8h (≈5% APR), so longs pay shorts. $72K of USELESS positions were liquidated on Binance, Gate, Bybit, Bitget, Lighter, Aster and HTX in the last 24 hours, 84% longs and 16% shorts. The scanner flagged 20 volume spikes on USELESS in the last 24 hours.
USELESS open interest, funding, liquidations and long/short history
· From recorded history, hourly
USELESS open interest is $33.66M, down 11.3% over the past 7 days, and down 8.3% in the last 24 hours. USELESS recorded funding quotes have averaged 0.0146% per 8 hours over the past 7 days (≈16% APR, annualized quote). Recorded hourly quote readings were 95% positive, 5% negative and 0% zero. $546K of USELESS positions were liquidated over the past 7 days: $445K longs (81.5%) and $101K shorts. The biggest hour was 21:00 UTC on 8 Nov, with $145K. 57.8% of USELESS trader accounts on Binance and Bybit are net long, up 5.0 points over the past 7 days (from 52.8%).
USELESS price
Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS open interest
All perps, USDLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS funding rate
OI-weighted, 8hLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS liquidations
Longs up, shorts downLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS long/short ratio
Share long · Binance and Bybit history from 2020Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS CVD and taker flow
Spot vs perp, from range start · bars: net taker buysLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS markets: funding rate & open interest by exchange
Funding as 8h equivalent (hover for APR) · OI changes need history| Market | Price | Price 1h | Price 24h | 24h volume | Funding 8h | Open interest, USD | OI 1h | OI 4h | OI 24h | Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| BinanceperpUSELESSUSDT | 0.1296 | -0.08% | -7.62% | $22.87M | 0.0100% | $9.19M | -0.03% | -0.82% | -6.47% | Trade |
| GateperpUSELESS_USDT | 0.1295 | +0.07% | -7.50% | $1.97M | -0.0002% | $8.91M | -0.87% | -8.02% | -14.21% | Trade |
| HyperliquidperpUSELESS | 0.1295 | +0.18% | -7.69% | $1.59M | 0.0100% | $5.23M | -0.11% | -3.19% | -6.29% | Trade |
| BybitperpUSELESSUSDT | 0.1296 | +0.01% | -7.59% | $11.11M | 0.0100% | $4.66M | -0.50% | -4.78% | -8.53% | Trade |
| KuCoinperpUSELESSUSDTM | 0.1294 | +0.18% | -7.55% | $36.40M | -0.0172% | $3.73M | -0.76% | -9.57% | -7.86% | Trade |
| MEXCperpUSELESS_USDT | 0.1295 | +0.35% | -7.50% | $3.55M | 0.0100% | $2.77M * | +0.13% | -9.69% | -2.18% | Trade |
| BitgetperpUSELESSUSDT | 0.1294 | +0.17% | -7.63% | $1.04M | 0.0100% | $1.12M | -0.33% | -3.95% | -8.53% | Trade |
| LighterperpUSELESS | 0.1295 | +0.35% | -7.44% | $83K | 0.0096% | $557K | -0.17% | -3.76% | -9.27% | Trade |
| AsterperpUSELESSUSDT | 0.1296 | +0.12% | -7.55% | $229K | 0.0183% | $266K | -0.21% | -3.44% | +29.31% | Trade |
| HTXperpUSELESS-USDT | 0.1295 | +0.05% | -7.60% | $185K | 0.0100% | $6,320 | -1.96% | -2.41% | -51.21% | Trade |
Trade links go to the exchange and may be referral links.
Bybit Trade on Bybit
No account yet? Signing up through our link helps keep Swolecharts free.
Referral link · availability depends on your country (not available in the US)
HL New to Hyperliquid?
Code VOLUMEMONITOR saves 4% on fees for your first $25M of volume. New wallets only: use it before your first trade.
Referral link · availability depends on your country
USELESS long/short ratio Unusually high · 30d, 99th percentile of the last 30 days
All coins' long/short ratios →| Series | Now | 24h |
|---|
Share of longs; changes in percentage points (pp). Accounts = share of accounts with a net long position; top trader accounts = the same for the exchange's top traders (Binance: top 20% by margin); top trader positions = share of their combined position that is long; top traders vs accounts = top trader positions long minus accounts long, in pp (negative: the big traders are less long than the crowd); taker buys = share of the last 5 minutes' taker volume that bought. New points every 5 minutes; 24h history backfilled from the exchanges. Gate, Bitget and HTX are tracked for the top 50 coins.
USELESS volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 4h ago | BYB perp | VOL | SELL | $133K | 18.1× | 21% | +0.27% | +1.36% | +2.83% |
| 4h ago | BIN perp | VOL | MIXED | $222K | 15.2× | 45% | +0.30% | +1.41% | +2.91% |
| 4h ago | BIN perp | VOL | SELL | $95K | 9.7× | 40% | +0.27% | -1.42% | -0.04% |
| 4h ago | BYB perp | VOL | MIXED | $194K | 63.9× | 42% | -1.40% | -3.53% | -4.00% |
| 4h ago | BYB perp | TRADE | SELL | $102K | — | — | — | — | — |
Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.
USELESS spike outcomes: how often price kept going 5, 15 and 60 minutes after a spike →
USELESS liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $0 | $17 | 1 | |
| 4h | $36K | $812 | 53 | |
| 24h | $61K | $11K | 154 |
Biggest USELESS liquidations, 24h
- BINLONG$4,566@ 0.13004h ago
- BITLONG$4,281@ 0.12374h ago
- BYBLONG$4,259@ 0.139810h ago
- GATELONG$4,120@ 0.12564h ago
- BINLONG$3,756@ 0.136320h ago
Latest
- No recent USELESS liquidations.
From the public liquidation feeds of Binance, Gate, Bybit, Bitget, Lighter, Aster and HTX. Hyperliquid, KuCoin and MEXC do not publish liquidations, so USELESS perps there are not counted. Binance, Bitget and Aster publish only a sample of liquidations (Binance at most one per symbol per second), so totals are a lower bound. A long liquidation is a forced sell; a short liquidation is a forced buy.
About the USELESS numbers
USELESS funding rate
Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive USELESS funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.
USELESS open interest
Open interest is the USD value of all open USELESS perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.
USELESS liquidations
A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.
USELESS long/short ratio
The share of traders long versus short on USELESS perpetuals. Accounts figures count each account once (the share with a net long position on Binance, or holding a long on Bybit); the Binance top traders figure is the share of the combined position of the top 20% of Binance traders by margin that is long. A ratio above 1 means more longs than shorts. Retail account ratios lean long most of the time, so changes and divergences say more than the level. See the USELESS long/short ratio page.
USELESS volume spikes
A spike is a minute where one USELESS market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.