KuCoin Futures New Listing: PAYPUSDT Perpetual Contract with Up to 10x Leverage
KuCoin will officially launch Stock Index Perpetual Contracts at 14:50 on March 23, 2026 (UTC) for users in supported countries and regions. For more details about the product, please refer to our Stock Index Perpetual Contracts Product Documentation.
The detailed schedule is as follows:
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USDⓈ-M Perpetual Contract
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PAYPUSDT
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| Underlying Equity Info |
PAYPUSDT is a leveraged stock-index perpetual contract designed to closely track the real-time spot price performance of PayPay Corporation.
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| Settlement crypto | USDT |
| Capped Funding Rate | +2.00% / -2.00% |
| Funding Fee Settlement Frequency |
Every Eight Hours |
| Tick size | 0.01 |
| Maximum leverage | 10x |
| Trading hours | 24/7 |
* Depending on market risk conditions, KuCoin may adjust the parameters from time to time. This includes, but is not limited to, the tick size, maximum leverage, and maintenance margin rate.
Important Notice:
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These contracts are synthetic derivative products designed to track the price movements of certain publicly available equity benchmarks. They are stablecoin-settled perpetual derivative contracts and do not represent ownership of any stocks or securities, and no shares will be delivered.
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Access to these products may not be available in certain jurisdictions and may be restricted based on applicable laws and platform compliance requirements. Trading derivatives involves significant risk, including the potential loss of your entire position. If you have any questions, please seek independent advice. Before trading, please review the Terms of Use, Futures Services Terms, and Risk Disclosure Statement (as updated from time to time).