This article explains and explains the fees and calculations of funding rates for BTC, DOGE, ETH, USDT, SHIB, etc. at KuCoin cryptocurrency exchange. Funding rates are something you need to know about when trading virtual currencies, and they can be negative or positive. Funding fees are paid to users on a regular basis.
KuCoin basic information, company information
KuCoin is a virtual currency exchange established in Hong Kong in 2017. When you think of China, you can’t get rid of the suspicious impression, but we are currently moving our base to Seychelles, East Africa. Therefore, it can be said to be a very safe exchange. The number of currencies handled is over 600, and the maximum leverage is 100x, so the scale of the operating company is large. Because we are expanding globally, we are a top-class exchange and support languages such as English, Japanese, Spanish, and French. The base currency is BTC (Bitcoin).
| Operating company | KuCoin |
| number of virtual currencies | 600～ |
| transaction fees | Maker fee: 0.1% Taker fee: 0.1% Deposit and withdrawal fees: Free |
| maximum leverage | 100 |
| Minimum transaction amount | 1$〜 |
| Bonus campaign | 〇 |
| Deposit and withdrawal methods | Bank cards and accounts, cryptocurrency and electronic wallets |
| Language | 日本語 English Русский 한국어 Português Nederlands 中文繁體 Deutsch Français Español Tiếng Việt Türkçe Italiano Bahasa Melayu Bahasa Indonesia हिंदी ไทย العربية বাংলা Polski Filipino اردو |
have a financial license
KuCoin was fined by the Seychelles Financial Services Authority, FSA, for operating without a license. Since then, KuCoin has firmly obtained the FSA license and is therefore regulated. Therefore, it can be said that it is very safe and reliable. Trader client assets are now fully protected, of course. KuCoin has established an audit department and is focusing on security.
Huge amount of hacking in the past
KuCoin was hacked in 2020, resulting in an incident in which 200 million dollars of funds were illegally leaked. Although we were hacked, we have responded quickly and strengthened our security system, making it extremely safe to use. Two-factor authentication is always required for registered users. Funds are securely managed on the wallet page.
The number of users is large worldwide
The following is a quote from TradersUnion, a review site for major overseas virtual currency exchanges. Users are mainly from the United States and India, but there are also many from Japan and Canada. In addition, there are many users in Mexico and Venezuela in Central and South America.
Source : TradersUnion
What is funding rate? What characteristics does it have?
Funding rate means the fee charged in the context of futures trading. You pay a funding fee to users who hold positions opposite to yours. If you hold a long position, a funding fee will be paid to the user who holds the short position. The opposite is also true.
Funding fee calculation formula
Position price x Funding rate = Funding fee
The position price is calculated by multiplying the purchase quantity by the mark price. You can check the mark price and funding rate on the transaction screen.
Financing fee calculation time
The calculation times for the funding rate in KuCoin are 20:00, 4:00, and 12:00 Japan time. The calculation is done every 8 hours.
How much is the transaction fee on KuCoin?
The transaction fees at KuCoin are as follows. The maker charges a fee when placing a new order on the trading board. The taker is charged a commission when placing an order from the price on the trading board. Transaction fees are quite low, with a maximum of 0.1%.
| Maker | Taker | |
| Spot Trading | 〜0.1％ | 〜0.1％ |
| Margin trading | 〜0.1％ | 〜0.1％ |
| Leverage Trading | 〜0.02％ | 〜0.06％ |
discount level
KuCoin has discount levels, ranging from Lv0 to Lv12, depending on the amount of KCS held. You are ranked by holding a certain amount of KCS and doing a certain amount of spot trading and futures trading. You can apply for KCS, which is generally important on the platform. If you have volume, you can get a good deal. The details are as follows.
| Maker | Taker | |
| Lv0 | 0.1% | 0.1% |
| Lv1 | 0.09% | 0.1% |
| Lv2 | 0.07% | 0.09% |
| Lv3 | 0.05% | 0.08% |
| Lv4 | 0.03% | 0.07% |
| Lv5 | 0% | 0.07% |
| Lv6 | 0% | 0.06% |
| Lv7 | 0% | 0.05% |
| Lv8 | -0.005% | 0.045% |
| Lv9 | -0.005% | 0.04% |
| Lv10 | -0.005% | 0.035% |
| Lv11 | -0.005% | 0.03% |
| Lv12 | -0.005% | 0.025% |
How to check KuCoin funding rate
You can check KuCoin’s funding rate by logging in to the official website. If you don’t have an account, open one first. You can quickly learn tutorials, margin trading, p2p, etc. The service also has a counter where you can consult with us. You can also join X, Twitter, and Telegram channels. Add up the total yourself and make it a positive amount.
First, select Derivatives Trading (Futures Trading) from the top screen of My Page. You can also click to learn the terms of use that are disclosed for the product. This is where you make the payment contract and settlement. If you have margin, you can settle without a deadline.
Source kucoin
On the trading screen, you can check the mark price and funding rate for each currency and coin. There is risk in the market for spot and futures. Information such as developer reports are provided in the community, so try exchanging. After looking at the data, customers can play with Ethereum, XRP, Bitcoin, etc., with less loss in the fluctuating market.
Source kucoin
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