Fees on Kraken Futures are calculated as a percentage of the notional order value for a matched trade.
The fee schedule is based on your 30-day rolling volume meaning that the more you trade, the lower your fees are on subsequent trades.
| 30-Day Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
|
0 - 100,000 |
0.0200% |
0.0500% |
|
100,001 - 1,000,000 |
0.0150% |
0.0400% |
|
1,000,001 - 5,000,000 |
0.0125% |
0.0300% |
|
5,000,001 - 10,000,000 |
0.0100% |
0.0250% |
|
10,000,001 - 20,000,000 |
0.0075% |
0.0200% |
|
20,000,001 - 50,000,000 |
0.0050% |
0.0150% |
|
50,000,001 - 100,000,000 |
0.0025% |
0.0125% |
|
100,000,001 + |
0.0000% |
0.0100% |
Trading fees are the same for all contracts
Other fees and charges may differ per wallet type.
Single-Collateral vs Multi-Collateral Fee Details
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Single-Collateral
For Single-Collateral contracts fees are charged in the collateral currency of the contract being traded.
Note: Holding a Fixed Maturity contract until maturity (settlement) results in a taker fee.
|
Single-Collateral Futures contracts |
Bitcoin- USD |
Ether- USD |
Litecoin- USD |
BitcoinCash- USD |
Ripple- USD |
|
Fee/Collateral Currency |
BTC |
ETH |
LTC |
BCH |
XRP |
There are no additional fees for Fixed Maturity Single-Collateral contracts.
There are no additional Kraken fees for Perpetual Single-Collateral contracts however there is the funding rate. For more info on the funding rate, see Inverse crypto-collateral perpetual contract specifications.
Traders A and B are both at the second level of the fee schedule (taker of 0.04% and maker of 0.015%). Trader A sends a market order for 100,000 contracts (100,000 USD) of Bitcoin-USD Single-Collateral Futures that is matched against an existing limit order sitting in the order book of Trader B.
- The trade price is 50,000 USD/BTC
- The notional value of this trade in BTC terms is 2 BTC
- Trader A is charged a taker fee of 0.008 BTC (0.04%)
- Trader B is charged a maker fee of 0.003 BTC (0.015%)
- Both amounts are transferred immediately upon matching
|
Fee amount for Trader A |
Fee amount for Trader B |
|
= 1 / Trade Price * (Fee %) * Quantity = 1 / 50,000 USD/BTC * 0.04% * 100,000 USD = 0.0008 BTC |
= 1 / Trade Price * (Fee %) * Quantity = 1 / 50,000 USD/BTC * 0.015% * 100,000 USD = 0.0003 BTC |
|
= (Fee %) * Notional Order Value = 0.04% * 2 BTC = 0.0008 BTC |
= (Fee %) * Notional Order Value = 0.015% * 2 BTC = 0.0003 BTC |
Multi-Collateral
For Multi-Collateral contracts, fees are charged in USD.
If USD is unavailable in a trader’s account for fees, PnL, or funding payout, then available non-USD funds will be converted for a fee by prioritising converting assets by ascending order of collateral ‘haircut’.
e.g. if a Trader has EUR and ETH as collateral, fees will be taken out from its EUR balance which bears a lower haircut than ETH.
Multi-Collateral contracts are subject to conversion fees and in some cases, interest on losses uncovered by USD collateral. For more info on Multi-Collateral fees, see Fees & Charges for Multi-Collateral Futures.
Assume that Traders A and B are trading Multi-Collateral BTC/USD contracts. Trader A sends a market order for 2 BTC that is matched against an existing limit order sitting in the order book of Trader B.
- The trade price is 50,000 USD/BTC
- The notional value of this trade in BTC terms is 2 BTC
- Trader A is charged a taker fee of 40 USD (0.04%)
- Trader B is charged a maker fee of 15 USD (0.015%)
- Both amounts are transferred immediately upon matching
|
Fee amount for Trader A |
Fee amount for Trader B |
|
= Fee % * (Quantity * Entry Price) = 0.04% * 100,000 USD = 40 USD |
= Fee % * (Quantity* Entry Price) = 0.015% * 100,000 USD = 15 USD |
Frequently Asked Questions
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On the Kraken Pro platform, you can look up the fees you have paid on Futures by navigating to the "History" tab at the top panel of the trading platform and then clicking on ‘Futures ledger’
Perpetual futures positions will accumulate a funding rate as unrealised profit/loss (UPL), this is a not a fee charged by Kraken Futures.
- Positions that are settled in final settlement are treated as taker.
- Liquidations are treated as taker for the liquidated party and maker for the other party.
- Assignments are treated as taker for both parties.
- Terminations are treated as taker for the party causing the termination, and maker for the other party.
Note:
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.