In KuCoin Margin Trading, different identities(borrowers/lenders/traders) will be charged with different types of fees. Please refer to the following details:
Who are borrowing cryptocurrencies and liable for paying interests. The interest is calculated by Principal, Daily Interest Rate and Borrow time.
The interest will be charged for the first time once the borrower borrowed funds successfully.
The accrued interest is updated every hour and will be settled when the borrowers repay.
Who are lending cryptocurrencies and entitled to earn interests. The interest comes from borrowers.
The platform will charge 5% of the accrued interest as fees and 10% as the insurance fund. The rest is the lender's income.
As for the lender, the amount of the principal repaid plus the interest earned based on the principal, daily interest rate and borrow time is absolute and computable.
3.1 Borrowers would generally trade the borrowed assets to earn profit. The trading fees come from trading activities, share the same Fee Schedule as Spot Trading. Please check Trading Fee Level to have more details.
3.2 If a liquidation is triggered and completed, traders are charged a liquidation fee. The liquidation fee shall be 30% of the remaining assets of the Margin Account.