What is Useless Coin?
Useless Coin is a meme coin on Solana, launched in 2025 through the Bonk.fun launchpad. Its brand openly states that it has no purpose or utility. Its value rests on community interest and attention, with no product behind it.
The USELESS perpetual tracks the price of Useless Coin, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 3× leverage, around the clock.
Contract details
- Market
USELESS, main exchange- Tracks
- The price of Useless Coin
- Settlement
- USDC, no expiry
- Leverage
- 3× at any size
- Margin
- Cross or isolated
- Size step
- 1 USELESS
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a USELESS trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 0.12873, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 0.12616
- Size
- 3561 USELESS ($458.60)
- Loss at the stop, fees included
- $10.00
- Leverage
- 3× cross, $152.87 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about USELESS
What is the maximum leverage on USELESS?
3×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on USELESS?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade USELESS on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own USELESS when I trade this market?
No. A perpetual tracks the price of Useless Coin and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
