In addition to the margin fees (opening and rollover) listed below, the usual trade fee will be applied to the opening and closing volume of a margin position (but there is no fee for settling a margin position).
Margin fees are charged based on the total value of the order. Collateral held is not deducted from that amount.
For long positions, margin fees are charged with a preference to the quote currency of the position’s currency pair. For short positions, margin fees are charged with a preference to the base currency.
Example
If you go Long on XBT/USD
Kraken provides the USD (used to purchase the longed XBT) to open the position and thus margin fees are preferred in the quote currency - USD in this case.
If you go Short on XBT/USD
Funds from our XBT margin pool are used to open the position and thus margin fees are preferred in the base currency - XBT in this case.
| Base currency | Quote currency | Opening fee (for opening a position) |
Rollover fee (for maintaining a position) |
| Bitcoin (XBT) | EUR, USD | 0.01% | 0.01% per 4 hours |
| Tether (USDT) | EUR, USD | 0.01% | 0.01% per 4 hours |
| USD Coin (USDC) | EUR, USD | 0.01% | 0.01% per 4 hours |
| Augur (REP) | EUR, ETH, XBT | 0.02% | 0.02% per 4 hours |
| Bitcoin (XBT) | CAD, GBP, USDT | 0.02% | 0.02% per 4 hours |
| Bitcoin Cash (BCH) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Cardano (ADA) | EUR | 0.02% | 0.02% per 4 hours |
| Chainlink (Link) | ETH, EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Dash (DASH) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| EOS (EOS) | ETH, EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Ethereum (ETH) | EUR, USD, USDT, XBT | 0.02% | 0.02% per 4 hours |
| Ethereum Classic (ETC) | ETH, EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Litecoin (LTC) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Monero (XMR) | EUR, USD, XBT | 0.02% |
0.02% |
| Ripple (XRP) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Tezos (XTZ) | ETH, EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| Tron (TRX) | ETH, EUR, USD, XBT | 0.02% | 0.02% per 4 hours |