Transaction fees (and rebates) for Kraken Futures

Fees and rebates are calculated as a percentage of the notional order value for a matched trade.

The "Taker" side of the trade pays a fee, while the "Maker" side of the trade receives a rebate.

Fees and rebates are transferred in the collateral currency of the contract being traded.

Futures contracts Bitcoin-
USD
Ether-
USD
Litecoin-
USD
BitcoinCash-USD Ripple-
USD
Ripple-
Bitcoin
Fee/Collateral Currency XBT ETH LTC BCH XRP XBT
Maker -0.03% -0.03% -0.03% -0.03% -0.03% -0.03%
Taker 
(Fixed Maturity)
0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
Taker
(Perpetual*)
0.075% 0.075% 0.075% 0.075% 0.075% 0.075%

* Note that in Perpetual contracts there is no Settlement fee, so the execution fee is higher.

Holding a Fixed Maturity contract till maturity (settlement) results in a taker fee.

 

Below is how you can calculate the fee or rebate amount for your trade:

  Fee amount for Taker Rebate amount for Maker
  = 1 / Trade Price * (Fee %) * Quantity = 1 / Trade Price * (Rebate %) * Quantity
or = (Fee %) * Notional Order Value = (Rebate %) * Notional Order Value

 

Example

Trader A sends a market order for 100,000 contracts (100,000 USD) of Bitcoin-USD Futures that is matched against an existing limit order sitting in the order book of Trader B.

  • The trade price is 4,000 USD/XBT
  • The notional value of this trade in BTC terms is 25 XBT
  • Trader A is charged a taker fee of 0.0125 XBT (0.05%)
  • Trader B receives a maker rebate of 0.0075 XBT (0.03%)
  • Both amounts are transferred immediately upon matching
  Fee amount for Trader A Rebate amount for Trader B
 

= 1 / Trade Price * (Fee %) * Quantity

= 1 / 4,000 USD/XBT * 0.05% * 100,000 USD

= 0.0125 XBT

= 1 / Trade Price * (Fee %) * Quantity

= 1 / 4,000 USD/XBT * 0.03% * 100,000 USD

= 0.0075 XBT

 

= (Fee %) * Notional Order Value

= 0.05% * 25 XBT

= 0.0125 XBT

= (Fee %) * Notional Order Value

= 0.03% * 25 XBT

= 0.0075 XBT

 

FAQ

When am I a Taker, when am I a Maker?

If you submit an order that crosses the order book and is immediately matched, you pay the taker fee. If you submit an order that first sits in the order book before it is matched, you receive the maker rebate.

How are Settlements, Liquidations, Assignments and Terminations treated?

  • Positions that are settled in final settlement are treated as taker.
  • Liquidations are treated as taker.
  • Assignments are treated as taker.
  • Terminations are treated as taker for the party causing the termination, and fees for the other party are 0.

Can I transfer out my Maker rebates?

Yes. Any Maker rebate you receive is immediately credited to your cash balance, i.e. is not just an offset towards future fees.

Where can I see the fees I have paid and the rebates I have received?

You can look up the fees you have paid by navigating to the "Logs" tab in the bottom panel of the trading platform.

Do you charge any other fees?

We do not charge any other fees. However, positions opened in Perpetual contracts will accumulate a funding rate as an unrealized profit/loss (UPL). This is a user-to-user transfer.