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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.  
AssetAllowance
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
AAVE1,000
ADA1,700,000
ALGO570,000
APE19,000
APT7,300
ARB42,000
ATOM23,000
AVAX10,000
AXS2,300
BAT230,000
BCH1,000
BLUR48,000
BTC330
COMP720
CRV38,000
DAI560,000
DASH860
DOGE6,800,000
DOT89,000
EOS140,000
ETC3,600
ETH3,000
FET54,000
FIL14,000
FLOW35,000
FLR1,100,000
FTM130,000
GRT490,000
KAVA79,000
KEEP**0
KSM2,300
LDO35,000
LINK52,000
LRC70,000
LTC5,900
MANA170,000
MATIC490,000
MINA52,000
NANO9,000
NEAR9,000
OCEAN170,000
OMG32,000
PAXG100
RNDR8,100
REP**0
SAND62,000
SC6,500,000
SEI41,000
SOL27,000
TRX3,100,000
UNI15,000
USDC4,600,000
USDT7,700,000
WAVES7,900
XLM1,400,000
XMR10,000
XRP1,800,000
XTZ110,000
ZEC1,100
*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.