Are there any fees associated with shorting on Kucoin Futures?
Rose HandbergMay 01, 2022 · 3 years ago3 answers
Can you please provide information about the fees associated with shorting on Kucoin Futures? I would like to know if there are any charges or costs involved in short selling on this platform.
3 answers
- May 01, 2022 · 3 years agoYes, there are fees associated with shorting on Kucoin Futures. When you open a short position, you will be charged a funding fee. This fee is based on the size of your position and the funding rate. The funding rate is determined by the market and can vary over time. It is important to consider these fees when planning your short trades on Kucoin Futures.
- May 01, 2022 · 3 years agoShorting on Kucoin Futures does come with fees. The funding fee is calculated based on the size of your position and the funding rate. This fee is deducted from your account balance periodically. It's important to keep in mind that the funding rate can change, so it's a good idea to stay updated on the current rates before entering a short position.
- May 01, 2022 · 3 years agoShorting on Kucoin Futures does involve fees. When you open a short position, you will be charged a funding fee. This fee is used to pay long traders who provide liquidity to the market. The funding fee is calculated based on the size of your position and the funding rate. It's important to consider these fees when planning your short trades on Kucoin Futures. Please note that this answer is provided from a third-party perspective and not from BYDFi.
Related Tags
Hot Questions
- 92
What is the future of blockchain technology?
- 89
How can I protect my digital assets from hackers?
- 84
What are the best practices for reporting cryptocurrency on my taxes?
- 80
What are the tax implications of using cryptocurrency?
- 64
Are there any special tax rules for crypto investors?
- 45
How does cryptocurrency affect my tax return?
- 27
How can I buy Bitcoin with a credit card?
- 11
What are the best digital currencies to invest in right now?