Perpetual Futures trading

Last updated: 23 dic 2025
App only:

Perpetual futures on the Kraken App are only available for certain geographies (excl. US, UK, Canada, and Australia). This is separate from our Futures trading offering on Kraken Pro.

Perpetual futures, also known as “perps”, are derivative contracts that allow you to speculate on the price movement of cryptocurrencies, like BTC, ETH, and SOL, without needing to own the actual coins. You can choose whether you think the price will rise or fall, giving you the flexibility to trade in any market direction with amplified exposure.

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    Two-direction trading

    Whether you think an asset will go up or down, perpetual futures allow you to open either price rise or price fall positions. You can open both of these positions without needing to purchase or hold the asset.

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    The power of Kraken's perpetual futures

    Kraken’s perpetual futures let you trade with up to 50x leverage—depending on the asset and your region—reducing the amount of capital required for larger trades. Your gains, and losses, are amplified accordingly.

    Example:

    You believe the price of Bitcoin (BTC) is about to rise and set up a trade:

    - Initial capital: $100

    - Leverage applied: 10x

    - Total position size: $1,000 (10 × $100)

    BTC then rises after you open the trade:

    - BTC price movement: +5%

    - Your position gain: 5% of $1,000 = $50 profit

    Because you used a 10x leverage, your $100 investment earns a $50 profit*, resulting in a 50% return compared to just 5% if you traded without leverage.

    If BTC dropped by 5% instead, you would lose more than 5% depending on what level the stop loss is set to. Kraken’s perpetual futures automatically set a stop loss to prevent excessive losses.

    *Excluding funding rate and trade fees

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    Pre-set max loss and max profit

    Kraken’s perpetual futures auto-configure a Stop Loss and Take Profit, meaning your potential gain or loss is estimated beforehand on all trades. You can modify this if you desire to take more risk or be more conservative.

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    Hedging strategy

    Have a crypto investment in your spot portfolio? Betting against the same asset with perpetual futures can hedge against downside volatility.

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    Deep liquidity & 24/7 access

    Kraken’s perpetual futures order books move faster and deeper than many spot markets. Plus, trades are available around the clock, so you can engage whenever the markets do.

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    Getting started: Tap the Trade button. From the trade options presented, select Perps.

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    Choose your asset: Choose from our list of cryptocurrencies.

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    Select a direction: Choose Price rise if you think the price will increase. Choose Price fall if you think the price will decrease.

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    Type your amount and adjust your leverage: Your position size will be the value entered multiplied by the leverage amount.

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    Set risk options: You can edit the Max Profit and Max Loss settings if needed.

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    Review and execute: Confirm your setup and open the trade.

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    Manage actively: Track your position in the Kraken app and adjust as needed.

All of your perps positions can be easily viewed on the Portfolio page. You may also cash out the position, meaning you close it and realize your current gains or losses.

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    Ve a la pestaña Cartera.

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    Assets that have a perps position open will display under the Perpetual futures section of your Portfolio page.

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    Selecciona la posición que te gustaría consultar.

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    Desliza hacia la izquierda en la pestaña Vista general para mostrar los datos de las posiciones.

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    Si quieres, puedes cobrar una posición sin tener que esperar a que llegue a tu stop loss o take profit. Para hacerlo, solo tienes que seleccionar el botón Cobrar posición.

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    Consulta los datos de la operación que vas a cerrar y, después, selecciona Confirmar para ejecutarla.

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    Entonces, aparecerá una pantalla de confirmación que mostrará las pérdidas o las ganancias materializadas.

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    Tasa de financiación

    Para que los precios se mantengan en consonancia con el mercado, los traders pagan (o reciben) una pequeña comisión cada 8 horas.

    Si un mayor número de personas está posicionado a que el precio sube, pagarán esta comisión a quienes estén posicionados a que el precio baja y viceversa.

    La comisión cambia con el sentimiento orgánico del mercado y está basada en el tamaño de tu posición.

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    Sin fecha de vencimiento

    Puedes mantener tu posición de forma indefinida mientras que tengas el capital necesario y cubras los pagos de depósitos y retiros.

Kraken’s perpetual futures fees as are follows:

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    Based on the entire leveraged position size.

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    Applied at both entry and exit of the position.

Example: A client invests $100, which is 10x leveraged to $1,000.

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    Entry: 0.25% fee applied to $1,000 = $2.50

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    Exit: 0.25% fee applies to closing amount (this can vary depending on the size of the gain/loss) but should be no lower than $1 in case of order closing out at 80% loss

Besides funding rates, no other fees apply.

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    Pérdidas

    Kraken’s perpetual futures allow clients to set a stop loss, a predetermined price at which their position will close if the market moves against them, helping to limit potential losses. By default, this is set to -8% of the entry price, but clients can customize it to match their risk tolerance. Always keep in mind, leverage enables amplified gains, but also enables amplified losses.

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    Costes de depósitos y retiros

    Los gastos de depósitos y retiros se aplican de forma periódica (p. ej., cada hora). Cuanto más tiempo mantengas una posición y más apalancamiento uses, mayor serán los gastos.

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    Volatilidad del precio

    Los mercados de criptomonedas pueden cambiar rápidamente. Los mercados volátiles suponen grandes oportunidades, pero también aumentan la probabilidad de que, de repente, sufras grandes pérdidas.

Operar con derivados y otros instrumentos financieros, incluidos los instrumentos con apalancamiento, implica una serie de riesgos importantes y no resulta adecuado para todos los inversores. Lee nuestra divulgación sobre riesgos para obtener más información.
La disponibilidad de los servicios de margin trading está sujeta a ciertos requisitos y limitaciones. Operar con margen implica un elemento de riesgo y puede no ser adecuado para todo el mundo. Lee la divulgación sobre margen de Kraken para obtener más información.

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