To see Perpetual Inverse contract specifications, please visit the other page here.
These contracts are listed on the Crypto Facilities MTF.
| Symbol | Active Maturities | Base Currency | Quote Currency | Contract Size & Minimum Order | Tick Size | Price quotation | Max Position Size | Impact Mid | Max Leverage | Settlement Index |
|---|---|---|---|---|---|---|---|---|---|---|
| FI_XBTUSD* | Monthly, Quarterly, Semi-annually | Bitcoin (BTC) | U.S. Dollar (USD) | 1 USD | 0.5 USD | USD per 1 BTC | 40,000,000 USD | 1,000 USD | 50x | CME CF Bitcoin Reference Rate (BRR) |
| FI_ETHUSD | Monthly, Quarterly, Semi-annually | Ethereum (ETH) | U.S. Dollar (USD) | 1 USD | 0.05 USD | USD per 1 ETH | 15,000,000 USD | 1,000 USD | 50x | CME CF Ether Reference Rate |
| FI_LTCUSD | Monthly, Quarterly | Litecoin (LTC) | U.S. Dollar (USD) | 1 USD | 0.01 USD | USD per 1 LTC | 5,000,000 USD | 1,000 USD | 25x | LTC:USD Settlement Price |
| FI_BCHUSD** | Monthly, Quarterly | Bitcoin Cash (BCH) | U.S. Dollar (USD) | 1 USD | 0.1 USD | USD per 1 BCH | 3,000,000 USD | 1,000 USD | 25x | BCH:USD Settlement Price** |
| FI_XRPUSD | Monthly, Quarterly | Ripple (XRP) | U.S. Dollar (USD) | 1 USD | 0.0001 USD | USD per 1 XRP | 3,000,000 USD | 1,000 USD | 10x | XRP:USD Settlement Price |
*BTC is used on the platform UI. XBT is used on the API and account logs. Both refer to Bitcoin (BTC).
| Additional Information | |
|---|---|
| PnL Settlement Method |
Inverse futures are cash-settled in base currency |
| Trading Hours | 24 hours/day, 7 days/week, 365 days/year (excluding maintenance) |
| Fee Structure |
Kraken Futures uses a maker-taker fee structure. Fees are calculated as a percentage of the notional order value for a matched trade. |
| Settlement time |
Within 15 minutes after Last Trading |
| Last Trading |
16:00 London time. |
| First Trading | For FI_BTCUSD and FI_ETHUSD contracts: 16:00 London time. Month: The last Friday of the calendar month where no contract exists in the following calendar month. Quarter: The last Friday of the calendar month where a contract exists in the following calendar month. Semiannual: The last Friday of the calendar month where a Month contract and Quarter contract exists. For FI_BTCUSD and FI_ETHUSD, the fixed maturity listing schedule results in there always being listed simultaneously three contracts: a Month contract, a Quarter contract and a Semiannual contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed. For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract, the September semiannual contract will become the September quarterly contract and the new semiannual contract for December will be listed. For all other inverse contracts: 16:00 London time. Month: The last Friday of the calendar month where no contract exists in the following calendar month. Quarter: The last Friday of the calendar month where a contract exists in the following calendar month. The fixed maturity listing schedule results in there always being listed simultaneously two contracts: a Month contract and a Quarter contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed. For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract and the new September quarterly contract will be listed. |
| Initial Margin | As low as 2% |
| Maintenance Margin | Half of Initial Margin |
| Maximum Initial Leverage | Up to 50x |
| Mark Price |
Mid Price of Order Book bounded by a range defined by index with anti-manipulation coefficient. Note: in the extremely rare circumstance that the Index Price is unavailable for whatever reason, the above caps may not apply and the Mark Price will be equal to the Impact Mid Price. |
| Margin & Settlement Currency | Base currency (e.g. FI_ETHUSD_220930 realises PnL in ETH) |
**Note that if the settlement rate reported by the Index provider is, for any reason, deemed to not adequately represent the underlying market, the Market Risk Committee of Crypto Facilities reserves the right to select its own appropriate fair value settlement rate. If the index provider restates the price, Crypto Facilities will settle to the first value published by the index provider at or after publication time.
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.