KuCoin Perps Switch to Hourly Funding Settlement Under New Rule

KuCoin has introduced a new rule for its USDT- and USDC-margined perpetual contracts. Starting from August 17th, at 08:00 UTC, the exchange will switch these contracts to hourly funding settlement when their contract-specific funding cap or floor is reached.

This change will apply automatically with each funding period, without any separate announcement. As a result, traders who keep positions open may experience more frequent funding debits and credits.

The new rule requires 36 consecutive one-hour settlements with an absolute funding rate no greater than 0.002%. If a reading above this threshold is detected during the cooldown period, the count resets, and the contract remains in hourly mode.

KuCoin emphasizes that its funding calculations, limits, and users' positions remain unchanged. However, the interval adjustment changes settlement frequency, allowing traders to track the reset condition themselves.