US Futures Fees

Last updated: June 15, 2026

Fee structures vary by product and contract. For CME-listed contracts, fees are flat per-contract charges assessed at entry and exit. For Bitnomial-listed perpetual futures, see below.

Each trade will include the following fees:

Fee

Description

Commission

Commissions are the fees charged by the brokerage firm for executing the trade. To view fees for a specific contract, select the ⓘ button next to any contract on the Trade page.

Exchange & NFA Fee

These fees are charged by the exchange and the National Futures Association (NFA). This fee does not vary between brokerage firms, but does vary between different futures contracts.

Clearing Fee

This fee is charged by the clearing firm, also known as the Futures Commission Merchant (FCM), and can vary between brokerage firms, but does not vary between futures contracts.

Funding Rate — Perpetual futures only

A periodic payment between long and short positions, aggregated and settled as a single cash adjustment at 3:00 pm CT daily. Can be positive or negative. Not a per-trade fee — applies while a position is open. See US Perpetual Futures for details.

These fees apply on each side of the trade, both when a position is opened and when it is closed.

Commission fees vary by product and contract type.

CME-listed contracts

Kraken Derivatives US charges a flat per-contract commission fee. Current rates for example:

  • MNQ: $0.39/Contract
  • MES: $0.39/Contract
  • NQ: $1.29/Contract
  • ES: $1.29/Contract

You can view the breakdown of fees in Kraken Pro's Order form Est. Fee section.

Example for MNQ Contract:

Bitnomial-listed contracts (perpetual futures)

Kraken Derivatives US charges a flat per-contract fee for perpetual futures. All-in rate: $0.15/contract per side, comprising:

  • Commission: $0.03/contract
  • Exchange/Clearing fee: $0.10/contract
  • NFA fee: $0.02/contract

You can view the full fee breakdown in the order form Est. Fee section before confirming any trade.

All rates quoted on Kraken’s website are per contract and per side. To calculate a round-turn rate (buy and sell), you will need to double the per-contract rate. To calculate a rate for trades involving multiple positions, multiply the all-in, round-trip rate by the number of contracts you are trading.

Yes. Exchange, NFA, and clearing fees are subject to change by the respective parties. Kraken Derivatives US reserves the right to change commission fees. Traders should regularly review their contract's fee schedule and the contract specifications page for the latest details.

Fee changes can occur due to:

  • CME or Bitnomial fee schedule updates

  • NFA regulatory adjustments

  • FCM clearing cost revisions

All fees are clearly broken out:

  • In the order preview window before confirming your trade

  • On the contract specification page for each instrument

Futures and spot margin trading involves substantial risk and is not suitable for everyone. You may lose all or more than the initial investment, exceeding the value of collateral deposited with the firm to open and maintain the position. You may be required to provide additional collateral on short notice or no notice, and you may remain responsible for any deficiency after liquidation and collateral application. Trading should be undertaken only with risk capital, funds that can be lost without jeopardizing one's financial security or lifestyle, and only by those who can afford such losses. While leverage can increase potential returns, it also significantly increases risk. Leverage available may vary by asset. Past performance is not necessarily indicative of future results. Availability of spot margin trading through Kraken Derivatives US is subject to certain limitations and eligibility criteria. View Risk Disclosure Statement.

U.S. Futures and spot margin trading is provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by Payward Accredited LLC. View Disclosures.

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