Dear KKcoin users:
KKcoin plans to perform server maintenance at 11:00:00 on September 17th, 2019. The estimated time is 4 hours. Please arrange the transaction time. Please forgive us for any inconvenience.
This maintenance increases the contract transaction capital fee mechanism, and through the capital fee mechanism, the contract transaction price is anchored to the spot price.
Funding fees are charged every 8 hours and are collected daily at 00:00, 08:00 and 16:00. The user only needs to pay or collect funds when holding a position at that time. If you close your position before the fee is charged, you do not need to pay the funds.
Capital cost calculation formula
USD trading area: capital cost = trading unit * number of positions * latest transaction price * fund rate
BTC/EHT trading area: capital cost = trading unit * number of positions * fund rate
When the fund rate is positive, the longs pay shorts; when the fund rate is negative, the shorts pay long.
Funding rate = Clamp (MA (((Contract buy one price + contract sell one price)/2 - Spot index price) / Spot index price - Interest), a, b)
*Interest is currently 0
*All current contracts: a=-0.3%, b=0.3%
The fund rate is calculated once per minute. When the fund fee is charged, the fund rate calculated one minute before the last settlement time is collected.
For example, at the time of settlement at 16:00 (SGT), the fund rate is calculated at the fund rate calculated at 07:59 (SGT).
When the fund fee is charged, it will be deducted directly from the user's account equity. Please control the account risk rate to prevent the position from being equal. The platform does not assume any responsibility for the strong position of positions due to the receipt of funds.
KKcoin does not charge any funds, and the funds are charged between users.
Thank you for your support of KKcoin!
September 16, 2019