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Derivatives Margin Schedule & Maximum Leverage
Initial Margin (IM) and Maintenance Margin (MM) are used to manage the credit risk arising from open positions.

Derivatives Contract Margin Levels and Limits

The Derivatives Margin Schedule uses a Margin Category system.
Each contract has a Margin Category labelled Class A through Class G, with Class A offering the highest maximum leverage and Class G offering the lowest.
See the table below for margin requirements per margin class by position size in USD:
Category
Level I
Level II
Level III
Level IV
Level V
Level VI
Level VII
Class A
0 - $1,000,000
$1,000,000 - $2,000,000
$2,000,000 - $5,000,000
$5,000,000 - $10,000,000
$10,000,000 - $20,000,000
$20,000,000 - $60,000,000
$60,000,000+
Class B
0 - $250,000
$250,000 - $750,000
$750,000 - $1,000,000
$1,000,000 - $5,000,000
$5,000,000 - $10,000,000
$10,000,000 - $30,000,000
$30,000,000+
Class C
-
0 - $250,000
$250,000 - $500,000
$500,000 - $1,000,000
$1,000,000 - $2,500,000
$2,500,000 - $5,000,000
$5,000,000+
Class D
-
-
0 - $10,000
$10,000 - $250,000
$250,000 - $500,000
$500,000 - $2,000,000
$2,000,000+
Class E
-
-
-
0 - $10,000
$10,000 - $100,000
$100,000 - $1,000,000
$1,000,000+
Class F
-
-
-
-
0 - $10,000
$10,000 - $100,000
$100,000+
Class G
-
-
-
-
-
0 - $10,000
$10,000 +
Leverage
50x
25x
20x
10x
5x
3.33x
2x
IM
2%
4%
5%
10%
20%
30%
50%
MM
1%
2%
2.50%
5%
10%
15%
25%
For Margin Category Classification and Maximum Position Size in Base units per market, see:
Note: Margin percentages in derivatives are based on the value of the collateral currency at entry price. Margin requirements and maximum position size are calculated for each instrument individually per contract’s collateral value.
Kraken Derivatives reserve the right to update the margin schedule at any time without warning. Note that if there is not sufficient margin in a trader’s wallet to meet updated requirements, position(s) can be liquidated.
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.
Last updated: 26-November-2024