In addition to the margin fees 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) |
XBT (Bitcoin) | EUR | 0.01% | 0.01% per 4 hours |
USD | |||
USDT (Tether) | USD | 0.01% | 0.01% per 4 hours |
BCH (Bitcoin Cash) | EUR | 0.02% | 0.02% per 4 hours |
USD | |||
XBT | |||
ETH (Ethereum) | EUR | 0.02% | 0.02% per 4 hours |
USD | |||
XBT | |||
ETC (Ethereum Classic) | EUR | 0.02% | 0.02% per 4 hours |
USD | |||
ETH | |||
XBT | |||
REP (Augur) | EUR | 0.02% | 0.02% per 4 hours |
ETH | |||
XBT | |||
XMR (Monero) | EUR | 0.02% |
0.02% |
USD | |||
XBT | |||
XRP (Ripple) | EUR | 0.02% | 0.02% per 4 hours |
USD | |||
XBT |