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Margin allowance limits
What Are The Margin Allowance Limits?
The margin allowance limits for each currency are shown below, these values represent the maximum amount of the asset you are permitted to obtain from the Kraken margin pool.
Asset
Allowance
AUD*
810,000
CAD*
650,000
CHF*
330,000
EUR*
10,000,000
GBP*
1,200,000
JPY*
6,600,000
USD*
20,000,000
AAVE
1,000
ADA
1,700,000
ALGO
570,000
APE
55,000
APT
7,500
ARB
42,000
ATOM
23,000
AVAX
10,000
AXS
2,300
BAT
250,000
BCH
1,000
BLUR
48,000
BTC
330
CHZ
550,000
COMP
800
CRV
100,000
DAI
560,000
DASH
1,300
DOGE
6,800,000
DOT
89,000
EOS
140,000
ETC
3,600
ETH
3,000
FIL
14,000
FLOW
60,000
FLR
1,100,000
FTM
130,000
GRT
490,000
ICP
4,400
INJ
2,500
KAVA
100,000
KEEP**
0
KSM
2,300
LDO
35,000
LINK
52,000
LRC
70,000
LTC
5,900
MANA
170,000
MATIC
150,000
MINA
80,000
NANO
37,000
NEAR
19,000
OMG
32,000
OP
24,000
PAXG
100
PEPE
11,000,000,000
REP**
0
SAND
130,000
SC
6,500,000
SEI
120,000
SNX
24,000
SHIB
6,600,000,000
SOL
27,000
STRK
9,000
TIA
5,600
TRX
3,100,000
UNI
15,000
USDC
4,600,000
USDT
7,700,000
WIF
21,000
XLM
1,400,000
XMR
10,000
XRP
1,800,000
XTZ
110,000
ZEC
1,100
*CAD, CHF, EUR, GBP, JPY and USD margin allowance limits only apply to long positions. See below for further explanation.
**All KEEP and REP markets are in Reduce Only meaning you cannot open new Margin positions. You can only reduce the size of your existing ones.

If you try to open a spot position on margin that exceeds your allowance limits, you will see a "Margin allowance exceeded" error. Additionally, if you try to open a margin position that exceeds the limit, you will see the error "Margin position size exceeded"
How Do Margin Allowance Limits Work?
Margin allowance limits are separate for each currency. So you could use up to 19,000 ATOM and 1,000,000 GBP from our margin pools at the same time (assuming there are funds available in the pool). Margin allowance limits are a total per currency, not a total per position. So you can create a single BTC/USD long position for 15,000,000 USD, or ten BTC/USD long positions at 1,500,000 USD each.Margin allowance limits are reset when you close a position, which automatically repays the funds to our margin pool.Note: Where the margin pool funds are derived from depends on the trading pair and whether you are long or short.
Long vs short
For a crypto-to-cash pair like BTC/USD:
  • To go long (i.e. buy BTC), funds from the USD pool are used and thus the USD allowance limits apply.
  • To go short (i.e. sell BTC), funds from the BTC pool are used and thus the BTC allowance limits apply.
For a crypto-to-crypto pair like ETH/BTC:
  • To go long (i.e. buy ETH), funds from the BTC pool are used and thus the BTC allowance limits apply.
  • To go short (i.e. sell ETH), funds from the ETH pool are used and thus the ETH allowance limits apply.
Note: The limits for going short are not supposed to be the same as the limits for going long. Limits are not based on the exchange rate. They are based on how much of each currency we have available in our margin pools.
Examples
Your account is verified and you want to open a long position in BTC/GBP. The maximum size of your long position, assuming you had enough collateral to open it, and you do not exceed the margin position limit, would be 310,000 GBP worth of bitcoin. The number of bitcoins that it would be possible to buy in these positions would depend on the current price of bitcoin. The limit would not be 310 bitcoin. If you wanted to open a short position in bitcoin against USD, EUR or ETH, the limit on the size of the position would be 310 bitcoin because when you are shorting bitcoin, you are using Kraken’s funds from the BTC margin pool.
The decimal and thousands separators shown in this article may differ from the formats displayed on our trading platforms. Review our article on how we use points and commas for more information.