The multifunctional metasurface offers a high degree of flexibility in manipulating electromagnetic waves. However, the majority of its functions are limited to the reflection or transmission space in a single band, restricting the utilization of electromagnetic information. This paper proposes a three-channel multifunctional frequency multiplexing coding metasurface based on the Fabry-Perot cavity principle. It consists of two layers of orthogonal metal gratings and a cross-shaped, oblique open loop structure in the intermediate layer. Simulation results reveal that at an incidence of 22 GHz, the polarization conversion and focusing functions of the transmitted wave are accomplished. Similarly, at an incidence of 31 GHz, the beam deflection function of the reflected wave is observed. Furthermore, at an incidence of 32 GHz, the radar scattering cross-section reduction function of the reflected wave is achieved. In addition to achieving high efficiency, miniaturization, and compactness, the proposed metasurface effectively enhances the spatial utilization of electromagnetic information. As a result, potential applications in multifunctional integrated systems, including wireless communication, sensing technologies, and radar systems, are vast.