KuCoin’s new perp rule can turn one funding-rate extreme into 36 hours of hourly settlements
KuCoin activated a rule after 08:00 UTC on Aug. 17 that strikes USDT- and USDC-margined perpetual contracts to hourly funding settlement as soon as their contract-specific funding cap or flooring is reached. The change applies beginning with the following funding interval and can occur with no separate announcement, shortening the time between potential funding debits…
