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Futures Platform Parameters Changelog

Date

Details

24-Nov-2023
  • Change PF_OGNUSD Max Relative Funding Rate from 0.005 to 0.0025
  • PF_BCHUSD margin class will change from Class B to Class C
7-Nov-2023

Kraken Fee Credits (FEE) can now be used to pay for multi-collateral futures trading fees. 

If you have a spot balance of FEE, it can be transferred to your futures wallet. Any FEE balance in the multi-collateral futures wallet will automatically be deducted in place of trading fees. 

For more info, see:

6-Oct-2023
  • PF_MKRUSD margin schedule will change from Class D to Class C
  • Increase in maximum position size for the following contracts:
    • ContractPreviousNew
      PF_PEPEUSD 100,420,690,0001,000,000,000,000
      PF_LUNA2USD 150,000300,000
      PF_FLRUSD 5,000,00030,000,000
      PF_ETHWUSD 20,000200,000
      PF_BLURUSD 250,0002,500,000
      PF_APTUSD 50,000200,000
      PF_DASHUSD 50,00070,000

  • Update Impact Mid Size for the following contracts: 
    • ContractPreviousNew

      PF_XTZUSD

      110

      150

      PF_WAVESUSD

      50

      65

      PF_AVAXUSD

      8.5

      11

      PF_ENJUSD

      350

      450

      PF_LRCUSD

      450

      600

      PF_ENSUSD

      10

      14

      PF_BATUSD

      450

      600

      PF_ICPUSD

      25

      32

      PF_KSMUSD

      4

      5

      PF_FLRUSD

      7,000

      9000

      PF_ETHWUSD

      50

      75

      PF_MASKUSD

      30

      40

      PF_SUIUSD

      160

      200

      PF_ALPHAUSD

      1,000

      1300

      PF_LINAUSD

      7,000

      9000

1-Oct-2023
  •  PF_OGNUSD maximum permissible funding rate range increased from 0.25% to 0.5%
  • PF_OGNUSD minimum initial margin increased from 10% to 20%.
15-Sep-2023

Update Settlement Rate methodology for FF_BTCUSD and FF_ETHUSD

New methodology:

  • Take a 30 minute observation window of Real Time Index values before 8 UTC
  • Split the window into 1 minute partitions
  • Compute the average Real Time Index for each minute
  • Compute the average of all 1 minute partitions to obtain the Settlement Rate
8-Sep-2023
  • USDC and USDT collateral haircut change from 3% to 1%.
  • Update Impact Mid Size for the following contracts: 
    • ContractPreviousNew

      PF_MATICUSD

      125

      180

      PF_ATOMUSD

      10

      15

      PF_GALAUSD

      4050

      6000

      PF_SANDUSD

      200

      330

      PF_1INCHUSD

      300

      400

      PF_EOSUSD

      120

      170

      PF_NEARUSD

      65

      90

      PF_GMTUSD

      400

      650

      PF_AXSUSD

      15

      25

      PF_APEUSD

      50

      75

      PF_CHZUSD

      1000

      1700

      PF_SUSHIUSD

      120

      180

      PF_CRVUSD

      150

      225

      PF_OMGUSD

      140

      220

      PF_BALUSD

      20

      30

      PF_DASHUSD

      2.5

      4

      PF_MINAUSD

      175

      270

      PF_ALICEUSD

      80

      130

      PF_THETAUSD

      120

      160

      PF_EGLDUSD

      2.5

      4

      PF_STORJUSD

      300

      450

      PF_RENUSD

      1400

      2200

      PF_KAVAUSD

      115

      160

      PF_FLOWUSD

      140

      230

      PF_BLURUSD

      350

      550

      PF_APTUSD

      12.5

      20

      PF_GMXUSD

      2

      3

      PF_ARBUSD

      75

      110

      PF_JASMYUSD

      20000

      30000

      PF_ZRXUSD

      450

      600

      PF_PEPEUSD

      75000000

      125000000

      PF_WLDUSD

      50

      100

8-Aug-2023

  • The futures liquidity pool is a pool of funds that provides an extra layer of risk protection for users by covering any shortfalls before an unwind occurs, read more here.
  • Liquidation fee added to liquidations, read more here
4-Aug-2023
  • PF_XRPUSD margin schedule will change from Class C to Class B.
  • PF_TUSDUSD margin schedule will change from Class D to Class C.
  • PF_PEPEUSD margin schedule will change from Class E to Class D. 
  • XRP collateral haircut will change from 7.5% to 5%.
  • Update Impact Mid Size for the following contracts: 
    • ContractPreviousNew
      PF_ALGOUSD450900
      PF_GLMRUSD300450
      PF_LUNA2USD120180
      PF_FLRUSD45007000
      PF_BLURUSD200350
      PF_CVXUSD2033
      PF_RLCUSD6085
      PF_SUIUSD110160

5-Jun-2023

  • PF_APEUSD, PF_APTUSD, PF_GALAUSD and PF_SNXUSD margin schedule will change from Class D to Class C. 
  • PF_USDCUSD and PF_USDTUSD max position size will increase to $2,000,000. 
  • MATIC collateral haircut will decrease from 7.5% to 5%.
  • Update Impact Mid Size for the following contracts: 
    ContractPreviousNew
    PF_1INCHUSD200300
    PF_GMTUSD275400
    PF_SUSHIUSD90120
    PF_LPTUSD1520
    PF_OMGUSD100140
    PF_ENSUSD7.510
    PF_ALICEUSD6080
    PF_THETAUSD100120
    PF_ZECUSD2.53.5
    PF_FLOWUSD90140
    PF_LUNA2USD70120
    PF_FLRUSD25004500
    PF_ETHWUSD3050
    PF_GMXUSD1.52
    PF_FETUSD250400
    PF_STXUSD110170
    PF_GALUSD5075
    PF_ZRXUSD350450
    PF_SUIUSD60110
    PF_OCEANUSD750500
    PF_RNDRUSD9070

2-Jun-2023

Update index for PF_FILUSD to include Gemini as a constituent and exclude Bitfinex and Huobi as constituents

4-May-2023

  • Change PF_APTUSD and PF_GALAUSD margin schedule from Class D to Class C. 
  • Add Tether EURt (EURT) as collateral. 
  • Update collateral haircuts to the following: 
    • EUR: 1%
    • GBP: 1%
    • USDC: 3%
    • USDT: 3%
    • EURT: 3%
    • BTC: 3%
    • ETH: 3%
    • ADA: 5%
    • DOGE: 5%
    • LINK: 7.5%
    • ATOM: 7.5%
    • LTC: 7.5%
    • MATIC: 7.5%
    • DOT: 7.5%
    • XRP: 7.5%
    • SOL: 7.5%
    • ARB: 10%
    • FIL: 10%

14-Apr-2023

  • Update indices for PF_XBTUSD, PF_ETHUSD & PF_LTCUSD to include Gemini as a constituent. 
  • Reason for change:
    • The price difference threshold for exclusion from the index has been updated.
      • 3% for BTC & ETH
      • 5% for LTC

7-Apr-2023

  • Change PF_SOLUSD margin class from Class C to Class B
  • Increase interest rate to 0.005% per hour for unrealised losses over $30,000 not backed by USD
  • Increase base conversion fee for non-cash and non-stablecoin collaterals from 0.25% to 0.5%
  • Decrease auto-conversion trigger from 1,000,000 USD to 250,000 USD for unrealised losses not backed by USD
  • Decrease auto-conversion target from 100,000 USD to 50,000 USD for unrealised losses not backed by USD

23-Mar-2023

Decrease USDC conversion fee to 0.05% from 0.5%
13-Mar-2023
  • Margin Category change from Class C to Class B: PF_ADAUSD PF_AVAXUSD PF_XMRUSD  
  • Margin Category change from Class D to Class C: PF_SOLUSD PF_USDCUSD PF_USDTUSD  
  • Margin Category change from Class E to Class D: PF_APTUSD  
  • Margin Category change from Class F to Class E: PF_ETHWUSD  
  • Impact mid size changes: PF_BLURUSD: Increase from 120 BLUR to 200 BLUR PF_OGNUSD: Decrease from 4,000 OGN to 2,000 OGN
  • Max position size increase: PF_ETHWUSD: Increase from 10,000 to 20,000
12-Mar-2023

Multi-collateral contracts no longer referencing Gemini as a pricing source:

PF_XBTUSD PF_ETHUSD PF_1INCHUSD PF_AAVEUSD PF_ANKRUSD PF_APEUSD PF_BALUSD PF_BNTUSD PF_COMPUSD PF_CRVUSD PF_DOGEUSD PF_ENJUSD PF_FILUSD PF_GALAUSD PF_GMTUSD PF_GRTUSD PF_KNCUSD PF_LINKUSD PF_LRCUSD PF_LTCUSD PF_LUNCUSD PF_MANAUSD PF_MASKUSD PF_MATICUSD PF_MKRUSD PF_RENUSD PF_SNXUSD PF_STORJUSD PF_UNIUSD PF_YFIUSD PF_ZECUSD

11-Mar-2023
  • Increase USDC haircut from 1% to 5%
  • Increase USDC conversion fee from 0.05% to 0.5%
20-Feb-2023