KuCoin Futures Will List KUAISHOUUSDT and SHEINHKDUSDT Stock Index Perpetual Contracts (2026-09-01)

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KuCoin will officially launch Stock Index Perpetual Contracts 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:

  • KUAISHOUUSDT-Margined Perpetual Contract, supporting 1-20x leverage.
  • SHEINHKDUSDT-Quanto Perpetual Contract, supporting 1-20x leverage.

 

USDⓈ-M Perpetual Contract KUAISHOUUSDT SHEINHKDUSDT
Underlying Equity Info KUAISHOUUSDT is a leveraged stock-index perpetual contract designed to closely track the real-time spot price performance of KUAISHOU TECHNOLOGY - W (HKEX: 1024). SHEINHKDUSDT is a leveraged stock-index perpetual contract designed to closely track the real-time spot price performance of SHEIN Global Holdings Limited (HKEX: 0625).
Settlement Crypto USDT USDT
Capped Funding Rate +2.0% / -2.0% +2.0% / -2.0%
Funding Fee
Settlement Frequency		 Every Eight Hours Every Eight Hours
Tick Size 0.001 0.01
Maximum Leverage 20x 20x
Trading Hours 24/7 24/7
 

What Is a Quanto Contract?

Simply put, a Quanto contract allows the underlying asset to be priced in one currency while margin, P&L, and settlement are denominated in another currency.

For the SHEINHKDUSDT Quanto Perpetual Contract, Tencent Holdings Limited (HKEX: 0625) is priced in Hong Kong dollars (HKD), while margin, P&L, and settlement are all denominated in USDT. The system uses a 1:1 conversion ratio between HKD and USDT for calculation purposes, with no actual foreign exchange conversion involved.

Example: SHEINHKDUSDT Quanto Perpetual Contract

User A opens a 10 SHEINHKDUSDT long position at an average entry price of 200 HKD and closes the position when the price reaches 300 HKD.

1. Trading Fee (0.06%)
Trading Fee = 200 × 10 × 0.06% = 1.2 USDT

2. Funding Fee (0.01%)
Funding Fee = 200 × 10 × 0.01% = 0.2 USDT per funding interval

3. Maintenance Margin (1%)
Maintenance Margin = 200 × 10 × 1% = 20 USDT

4. Realized P&L
Realized P&L = (300 − 200) × 10 = 1,000 USDT

After closing the position, the realized P&L is settled directly in USDT to the Futures account.

Note: The figures above are for illustrative purposes only. Actual trading fees, funding fees, and margin requirements are subject to the applicable rules on KuCoin.

 
* 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:
  • 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.
  • 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).