KuCoin: What is the funding rate of KuCoin? (Bitcoin Trading) Features and fee explanation

KuCoin

We explain and explain the fees and calculations of funding rates such as BTC, DOGE, ETH, USDT, SHIB, etc. in KuCoin. The funding rate is something you need to know in virtual currency trading, and the funding rate 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 companyKuCoin
number of virtual currencies600~
transaction feesMaker fee: 0.1%
Taker fee: 0.1%
Deposit and withdrawal fees: Free
maximum leverage100
Minimum transaction amount1$〜
Bonus
campaign
Deposit and withdrawal methodsBank 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%.

MakerTaker
Spot Trading〜0.1%〜0.1%
Margin trading〜0.1%〜0.1%
Leverage Trading〜0.02%〜0.06%

discount level

KuCoin has discount levels from Lv0 to Lv12 depending on the amount of KCS you have. You will be ranked by holding more than a certain amount of KCS and doing more than a certain amount of spot trading and futures trading.

MakerTaker
Lv00.1%0.1%
Lv10.09%0.1%
Lv20.07%0.09%
Lv30.05%0.08%
Lv40.03%0.07%
Lv50%0.07%
Lv60%0.06%
Lv70%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%
Source : kucoin

How to check KuCoin funding rate

You can check KuCoin’s funding rate by logging into the official website. If you do not have an account, please open one first.

First, select Derivatives Trading (Futures Trading) from the top screen of My Page.

Source kucoin

On the transaction screen, you can check the mark price and funding rate for each currency and each coin.

Source kucoin

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