USELESS Funding Rate and Open Interest on Gate
Live Gate USELESS data from Gate's public API. Charts show Gate only; the table compares USELESS on every tracked exchange.
Gate holds $8.72M of USELESS's $33.01M open interest across 9 exchanges (#2): see USELESS open interest on every exchange or compare USELESS funding on every exchange. USELESS funding on Gate is 0.0100% per 8 hours (≈11% APR), settles every 4 hours with a current interval quote of 0.0050%, below the OI-weighted average of 0.0371% across exchanges. Gate USELESS open interest changed -13.82% over the last 24h. $11K of Gate USELESS positions were liquidated over the last 24 hours, 50.9% of it longs.
Gate USELESS liquidations · last 24 hours
All liquidations →USELESS markets on Gate
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval / current quote | Trade |
|---|---|---|---|---|---|---|---|---|
| USELESS_USDT perp | 0.1248 | $1.74M | $8.72M | -13.82% | 0.0100% | ≈11% APR | 4 hours · 0.0050% | Trade ↗ |
USELESS funding on Gate
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
USELESS open interest on Gate
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of USELESS funding observations on Gate
Recorded funding history is loading. Reload shortly to see the observations. Live quotes and charts are independent of this table.
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across Gate USELESS perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
Latest recorded funding settlements
USELESS_USDT on Gate · native perpetual funding payments reported by the exchange. Latest 30 records at most, within the 30 days ending 2026-11-12 14:55:00.000 UTC. This ledger covers this contract only.
Settlement history is loading. Reload to see recorded payments when ready. Current quotes and observed funding history remain independent of this ledger.
Last 24 completed UTC hours of USELESS open interest on Gate
Recorded hourly open interest is loading. Reload shortly to see the rows. Live figures and charts are independent of this table.
Each hour is the last recorded open interest per Gate USELESS perpetual contract within that hour, summed across contracts, exactly as the Gate open interest chart above is built. A contract missing from an hour is carried forward from its last recorded value for at most four hours, as on the chart. These are recorded samples from Gate's public API, not a complete census of every open position nor a list of every freshly observed print. An hour without a recorded value is unavailable, not zero, and a change is shown only between two adjacent recorded hours whose earlier value is positive.
USELESS on every exchange
USELESS funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $8.73M | 26.4% | 0.0286% | ≈31% APR | $19.23M |
| 2 | Gate | $8.72M | 26.4% | 0.0100% | ≈11% APR | $1.74M |
| 3 | Hyperliquid | $5.25M | 15.9% | 0.0707% | ≈77% APR | $1.54M |
| 4 | Bybit | $4.49M | 13.6% | 0.0100% | ≈11% APR | $10.35M |
| 5 | KuCoin | $3.92M | 11.9% | 0.1096% | ≈120% APR | $33.46M |
| 6 | Bitget | $1.08M | 3.3% | 0.0214% | ≈23% APR | $921K |
| 7 | Lighter | $541K | 1.6% | 0.0096% | ≈11% APR | $86K |
| 8 | Aster | $258K | 0.8% | 0.0494% | ≈54% APR | $221K |
| 9 | HTX | $9,434 | 0.0% | 0.0100% | ≈11% APR | $176K |
| — | MEXC | $2.67M | not ranked | 0.0272% | ≈30% APR | $3.44M |
How it's counted. Open interest is the USD value of open USELESS perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: Every liquidation order on USDT perps (futures.public_liquidates, batched each second); USD notional uses the pushed order limit price and can differ from the eventual average-fill notional; OI and funding polled every 30s; BTC-settled inverse perp not covered (under $50M OI).
USELESS on Gate FAQ
What is the USELESS funding rate on Gate?
0.0100% per 8 hours (0.0050% per 4 hours, the current quote; ≈11% APR) is the USELESS perpetual funding rate on Gate. Positive means longs pay shorts. The chart below shows Gate's USELESS funding history only.
How often does Gate pay USELESS funding?
Gate settles USELESS funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much USELESS open interest is on Gate?
$8.72M open USELESS perpetual positions on Gate, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
Gate's public market-data API, read live by this site. Nothing here comes from paid data vendors.