KuCoin activated on Aug. 17, 2024 a rule that automatically switches USDT- and USDC-margined perpetual contracts from four-hour to hourly funding settlement once a contract hits its funding rate cap or floor. The change applies starting with the next funding period without separate announcement, shortening the interval between funding debits and credits for open positions. Returning to four-hour settlement requires 36 consecutive hourly readings with the funding rate staying within plus or minus 0.002%, and any breach of that threshold resets the counter. The funding calculation formulas, limits, and positions remain unchanged.
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