Adjustment to Perpetual Contract Funding Fee Settlement Times and Payment Rules

05/23/2025, 03:36:02

Dear KuCoin Users:

To provide a more professional trading service and enhance your trading experience, KuCoin will be updating the funding fee payment rules for perpetual contracts in phases. Funding fees will switch from a cross-period payment model to a current-period payment model. The settlement times will also be adjusted. Below are the details of these changes:

1. Funding Fee Settlement Time

Before the Update: For an 8-hour cycle, funding fee settlement times (UTC) were 04:00, 12:00, and 20:00.
After the Update: For an 8-hour cycle, funding fee settlement times (UTC) will be 00:00, 08:00, and 16:00.

2. Funding Fee Payment Rules

Before the Update: Funding fees were calculated based on the funding rate from the previous settlement time—this is known as cross-period payment. Example: For an 8-hour cycle, at 20:00 each day, the system would calculate the funding fee using the rate derived from the premium index between 04:00 and 12:00. As a result, the funding rate for the period between 12:00 and 20:00 would remain fixed.
After the Update: Funding fees will now be calculated using the funding rate at the current settlement time—this is known as current-period payment. Please note that the settlement time of funding fees has been changed. #Example: At 16:00 each day, the system will calculate the funding fee using the funding rate based on the premium index between 08:00 and 16:00, and the fee will be settled at 16:00. Please note that the funding rate may fluctuate up until settlement time, so you can manage your positions accordingly.
Special Notice: According to the update schedule below, all contracts will be charged the funding fee for the previous cycle at 04:00 (UTC) on the update date, and charged again for the current cycle 4 hours later at 08:00 (UTC).

After this update, funding fees will be settled based on the new timing and cycle rules. Please pay close attention to your contract positions.

Taking SOLUSDCM as an example, the funding fee settlement rules are as follows:

Funding Fee Payment Time(UTC)	Funding Rate Settlement Rules
2025.06.02 20:00	[Old] Based on premium from 06.02 04:00–12:00
2025.06.03 04:00	[Old] Based on premium from 06.02 12:00–20:00
2025.06.03 08:00	[New] Based on premium from 06.03 04:10–07:59
2025.06.03 16:00	[New] Based on premium from 06.03 08:00–15:59
Subsequent periods follow this pattern...

3. Perpetual Contract Update Schedule

Phase I: Total of 4 perpetual contracts

Update Time: June 03, 2025 at 04:10 (UTC)

SOLUSDCM

XRPUSDCM

ASRUSDTM

ALPINEUSDTM

Note: ：

All perpetual contracts listed between the announcement and Phase I will be adjusted in Phase III.
After this first phase of updates, all newly listed perpetual contracts will by default adopt the new funding fee
settlement time and payment rules.

Phase II：Total of 67 perpetual contracts

Update Time: June 10, 2025 at 04:10 (UTC)

NXPCUSDTM	DOODUSDTM	B2USDTM	INITUSDTM	SKYAIUSDTM	SXTUSDTM	GORKUSDTM
EPTUSDTM	LAUNCHCOIN USDTM	MILKUSDTM	HAEDALUSDTM	VOXELUSDTM	OBOLUSDTM	SYRUPUSDTM
AERGOUSDTM	HYPERUSDTM	RFCUSDTM	AIOTUSDTM	SIGNUSDTM	WCTUSDTM	TIAUSDTM
INJUSDTM	APTUSDTM	PNUTUSDTM	STORJUSDTM	SEIUSDTM	ARBUSDTM	VRAUSDTM
MEWUSDTM	UXLINKUSDTM	SHIBUSDTM	WLDUSDTM	ENAUSDTM	ARUSDTM	LUNCUSDTM
ICPUSDTM	PEPEUSDTM	JASMYUSDTM	GRASSUSDTM	OPUSDTM	FETUSDTM	DOTUSDTM
TONUSDTM	BNBUSDTM	JUPUSDTM	MOODENG USDTM	DOGEUSDTM	NEARUSDTM	LINKUSDTM
RENDERUSDTM	UNIUSDTM	ONDOUSDTM	KASUSDTM	TAOUSDTM	FLOKIUSDTM	1000XUSDTM
GALAUSDTM	APEUSDTM	LTCUSDTM	AAVEUSDTM	RUNEUSDTM	SUIUSDTM	FILUSDTM
POPCATUSDTM	WIFUSDTM	AVAXUSDTM	BCHUSDTM

Phase III：Total of 350 perpetual contracts

Update Time: June 17, 2025 at 04:10 (UTC)

XBTUSDTM	ETHUSDTM	SOLUSDTM	XRPUSDTM	ADAUSDTM	MUBARAK USDTM	ETHFIUSDTM
TRUMPUSDTM	FARTCOIN USDTM	VIRTUALUSDTM	DEGENUSDTM	PEOPLEUSDTM	PORTALUSDTM	GRIFFAIN USDTM
GOATUSDTM	HYPEUSDTM	KAITOUSDTM	1000BONK USDTM	CHILLGUY USDTM	XBTUSDM	BRETTUSDTM
ALCHUSDTM	BOMEUSDTM	NEIROCTO USDTM	TURBOUSDTM	1000000MOG USDTM	HIPPOUSDTM	MASKUSDTM
SIRENUSDTM	JELLYJELLY USDTM	XCNUSDTM	PARTIUSDTM	ORDIUSDTM	PENGUUSDTM	VINEUSDTM
AIXBTUSDTM	1000RATS USDTM	AVAAIUSDTM	HMSTRUSDTM	ZEREBRO USDTM	DOGSUSDTM	XRPUSDM
NOTUSDTM	EIGENUSDTM	AI16ZUSDTM	SUSDTM	XLMUSDTM	NEIROUSDTM	THETAUSDTM
BBUSDTM	ETHUSDM	ANIMEUSDTM	10000SATS USDTM	HBARUSDTM	MYROUSDTM	ZROUSDTM
CRVUSDTM	MELANIAUSDTM	VETUSDTM	SOLAYER USDTM	STXUSDTM	SWARMSUSDTM	ATOMUSDTM
ATHUSDTM	MEMEUSDTM	SPXUSDTM	XMRUSDTM	LDOUSDTM	CATIUSDTM	REZUSDTM
COOKIEUSDTM	ALGOUSDTM	OMUSDTM	TRXUSDTM	RAYUSDTM	DEEPUSDTM	CVCUSDTM
ULTIUSDTM	MEMEFIUSDTM	PRCLUSDTM	BERAUSDTM	FLMUSDTM	ETCUSDTM	USUALUSDTM
TOKENUSDTM	KOMAUSDTM	MAJORUSDTM	10000CAT USDTM	STRKUSDTM	PROMPTUSDTM	FXSUSDTM
PENDLEUSDTM	IOUSDTM	TRBUSDTM	ENSUSDTM	XAIUSDTM	SUNDOGUSDTM	DYDXUSDTM
GUNUSDTM	DOGUSDTM	NKNUSDTM	PYTHUSDTM	PONKEUSDTM	FLOCKUSDTM	IPUSDTM
BABYUSDTM	B3USDTM	MAVIAUSDTM	CETUSUSDTM	POLUSDTM	XBTUSDCM	SOLVUSDTM
MAGICUSDTM	SUPERUSDTM	YFIUSDTM	SONICUSDTM	AEROUSDTM	DRIFTUSDTM	PLUMEUSDTM
PIXELUSDTM	SUSHIUSDTM	BIOUSDTM	WALUSDTM	SOLUSDM	ARKMUSDTM	TUTUSDTM
NEOUSDTM	WOOUSDTM	WUSDTM	MORPHO USDTM	BMTUSDTM	HIVEUSDTM	MANAUSDTM
GRTUSDTM	ALPHAUSDTM	SANDUSDTM	MOCAUSDTM	FTTUSDTM	SHELLUSDTM	AXSUSDTM
ROSEUSDTM	IOTXUSDTM	RSRUSDTM	HIGHUSDTM	CROUSDTM	MANTAUSDTM	NILUSDTM
LEVERUSDTM	VANRYUSDTM	1000CHEEMS USDTM	GMTUSDTM	CYBERUSDTM	LPTUSDTM	METISUSDTM
STOUSDTM	IOTAUSDTM	DYMUSDTM	MOVEUSDTM	HIFIUSDTM	ETHUSDCM	LUNAUSDTM
KDAUSDTM	API3USDTM	ROAMUSDTM	SAGAUSDTM	BSVUSDTM	IMXUSDTM	CFXUSDTM
SSVUSDTM	AEVOUSDTM	DUCKUSDTM	BANANAUSDTM	ZEUSUSDTM	MERLUSDTM	1MBABYDOGE USDTM
CGPTUSDTM	KCSUSDTM	10000WEN USDTM	USDCUSDTM	CVXUSDTM	1INCHUSDTM	CAKEUSDTM
MINAUSDTM	COWUSDTM	MKRUSDTM	SWELLUSDTM	ZKUSDTM	CELOUSDTM	BIGTIMEUSDTM
LRCUSDTM	ALTUSDTM	BANUSDTM	JTOUSDTM	SUPRAUSDTM	LOOKSUSDTM	COTIUSDTM
SLERFUSDTM	XVGUSDTM	KSMUSDTM	MEUSDTM	LQTYUSDTM	CKBUSDTM	PUFFERUSDTM
AIUSDTM	BRUSDTM	EGLDUSDTM	ZRXUSDTM	YGGUSDTM	DUSDTM	TSTBSCUSDTM
VANAUSDTM	KERNELUSDTM	ENJUSDTM	ANKRUSDTM	ZILUSDTM	AUCTION USDTM	ONEUSDTM
OMNIUSDTM	IDUSDTM	QNTUSDTM	NCUSDTM	SCRUSDTM	ORCAUSDTM	ONTUSDTM
ACTSOLUSDTM	AGLDUSDTM	RDNTUSDTM	SNXUSDTM	PAXGUSDTM	PERPUSDTM	ACHUSDTM
SXPUSDTM	FLUXUSDTM	BLURUSDTM	LISTAUSDTM	POLYXUSDTM	HEIUSDTM	RAREUSDTM
COMPUSDTM	CHZUSDTM	MAVUSDTM	ZETAUSDTM	ZECUSDTM	TNSRUSDTM	WAVESUSDTM
PHBUSDTM	BNTUSDTM	EDUUSDTM	HSKUSDTM	GPSUSDTM	RVNUSDTM	CATSUSDTM
BANDUSDTM	SPELLUSDTM	FORMUSDTM	UMAUSDTM	ZENUSDTM	BLASTUSDTM	VVVUSDTM
DASHUSDTM	ALICEUSDTM	DUSKUSDTM	XTZUSDTM	10000LADYS USDTM	AVAUSDTM	GMXUSDTM
XVSUSDTM	HOOKUSDTM	PHAUSDTM	NMRUSDTM	XBTMM25	ILVUSDTM	FUNUSDTM
FUELUSDTM	TRUUSDTM	SKLUSDTM	JUSDTM	DODOUSDTM	ACEUSDTM	GUSDTM
CHRUSDTM	REDSTONE USDTM	BAKEUSDTM	ARPAUSDTM	CELRUSDTM	BELUSDTM	USTCUSDTM
HOTUSDTM	AXLUSDTM	ORBSUSDTM	CTSIUSDTM	DOTUSDM	THEUSDTM	TWTUSDTM
AUDIOUSDTM	RIFUSDTM	CARVUSDTM	ASTRUSDTM	GASUSDTM	MOVRUSDTM	10000COQ USDTM
AVAILUSDTM	GLMRUSDTM	OGNUSDTM	RONUSDTM	ALUUSDTM	QTUMUSDTM	KAVAUSDTM
DENTUSDTM	TUSDTM	STEEMUSDTM	VICUSDTM	ARKUSDTM	TAIKOUSDTM	FLOWUSDTM
XECUSDTM	C98USDTM	KAIAUSDTM	NAKAUSDTM	NTRNUSDTM	OMGUSDTM	MTLUSDTM
JOEUSDTM	STGUSDTM	BATUSDTM	CTCUSDTM	NFPUSDTM	FORTHUSDTM	OXTUSDTM
MDTUSDTM	XEMUSDTM	ICXUSDTM	KNCUSDTM	HFTUSDTM	AGIUSDTM	GTCUSDTM
MBOXUSDTM	WAXPUSDTM	SFPUSDTM	ZRCUSDTM	SUNUSDTM	POWRUSDTM	MLNUSDTM
AUSDTM (EOSUSDTM)	AGTUSDTM	AWEUSDTM	SUIUSDCM	DOGEUSDCM	PEPEUSDCM	BUSDTM

4. API Update

To help users better understand the funding fee settlement cycle and improve system integration, we will optimize the existing funding rate query API:

GET /api/v1/funding-rate/{symbol}/current

The following two fields have been added:

period（Current Cycle Marker）

Type: Integer（0 or 1）
Description: Indicates whether the current funding fee is charged in this cycle
- 1: indicates will be charged in the current cycle;
- 0：indicates it is a cross-period fee record,not charged in the current cycle.

fundingTime（Next Settlement Time）

Type: Timestamp (milliseconds)
Description: Indicates the next funding fee settlement time point, which can be used to synchronize periodic settlement timing.

API Compatibility Reminder:

This updated API is backward compatible. All existing fields remain unchanged, and the new fields will be returned uniformly. Please complete the parsing support as soon as possible.

Thanks for your understanding and support!

The KuCoin Futures Team

Risk Warning: Futures trading is a high-risk activity with the potential for huge gains and huge losses. Previous gains do not indicate future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. This information should not be regarded as investment advice from KuCoin. All trading is done at your own discretion and your own risk. KuCoin is not liable for any losses resulting from Futures trading.

Thank you for your support!

The KuCoin Team

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