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 |
| XRP (Ripple) | EUR | 0.02% | 0.02% per 4 hours |
| USD | |||
| XBT | |||
| XTZ (Tezos) | EUR | 0.02% | 0.02% per 4 hours |
| ETH | |||
| USD | |||
| XBT |