Margin position limits – Kraken

What are the margin position limits?

The margin position limits represent the maximum position size for a particular pair, represented in base units. If you try to open a margin position that exceeds the limit, you will see a "Margin position size exceeded" error.¹

Pair	Long limit	Short limit
AAVE/EUR	300 AAVE	200 AAVE
AAVE/USD	400 AAVE	300 AAVE
ADA/BTC	300,000 ADA	200,000 ADA
ADA/ETH	70,000 ADA	60,000 ADA
ADA/EUR	500,000 ADA	500,000 ADA
ADA/USD	500,000 ADA	500,000 ADA
ADA/USDT	70,000 ADA	60,000 ADA
ALGO/BTC	35,000 ALGO	30,000 ALGO
ALGO/EUR	90,000 ALGO	75,000 ALGO
ALGO/USD	90,000 ALGO	75,000 ALGO
ATOM/BTC	5,000 ATOM	3,000 ATOM
ATOM/EUR	5,000 ATOM	4,000 ATOM
ATOM/USD	5,000 ATOM	4,000 ATOM
AVAX/EUR	700 AVAX	500 AVAX
AVAX/USD	700 AVAX	500 AVAX
BAT/EUR	100,000 BAT	80,000 BAT
BAT/USD	100,000 BAT	80,000 BAT
BCH/BTC	300 BCH	300 BCH
BCH/EUR	300 BCH	200 BCH
BCH/USD	400 BCH	300 BCH
BTC/CAD	5 BTC	5 BTC
BTC/EUR	150 BTC	150 BTC
BTC/GBP	10 BTC	10 BTC
BTC/USD	150 BTC	150 BTC
BTC/USDC	10 BTC	10 BTC
BTC/USDT	20 BTC	15 BTC
COMP/EUR	100 COMP	80 COMP
COMP/USD	120 COMP	100 COMP
DAI/USD	70,000 DAI	60,000 DAI
DAI/EUR	80,000 DAI	80,000 DAI
DASH/BTC	200 DASH	160 DASH
DASH/EUR	450 DASH	300 DASH
DASH/USD	400 DASH	300 DASH
DOGE/EUR	800,000 DOGE	600,000 DOGE
DOGE/USD	1,200,000 DOGE	1,000,000 DOGE
DOT/BTC	10,000 DOT	8,000 DOT
DOT/ETH	10,000 DOT	8,000 DOT
DOT/EUR	9,000 DOT	7,000 DOT
DOT/USD	18,000 DOT	18,000 DOT
DOT/USDT	4,000 DOT	3,000 DOT
EOS/BTC	30,000 EOS	25,000 EOS
EOS/EUR	20,000 EOS	15,000 EOS
EOS/USD	30,000 EOS	25,000 EOS
ETC/EUR	2,500 ETC	2,500 ETC
ETC/USD	2,500 ETC	2,500 ETC
ETH/BTC	600 ETH	400 ETH
ETH/EUR	1,000 ETH	1,000 ETH
ETH/GBP	100 ETH	100 ETH
ETH/USD	1,500 ETH	1,500 ETH
ETH/USDT	200 ETH	150 ETH
FIL/BTC	300 FIL	300 FIL
FIL/EUR	1,300 FIL	1,100 FIL
FIL/USD	2,000 FIL	1,600 FIL
FLOW/EUR	5,000 FLOW	4,500 FLOW
FLOW/USD	5,000 FLOW	4,500 FLOW
LINK/BTC	15,000 LINK	10,000 LINK
LINK/ETH	3,000 LINK	2,000 LINK
LINK/EUR	9,000 LINK	7,000 LINK
LINK/USD	20,000 LINK	20,000 LINK
LRC/EUR	30,000 LRC	30,000 LRC
LRC/USD	30,000 LRC	30,000 LRC
LTC/BTC	2,500 LTC	2,000 LTC
LTC/EUR	3,000 LTC	2,500 LTC
LTC/USD	3,000 LTC	2,500 LTC
KAVA/EUR	7,000 KAVA	5,000 KAVA
KAVA/USD	10,000 KAVA	6,000 KAVA
KEEP/EUR	30,000 KEEP	20,000 KEEP
KEEP/USD	40,000 KEEP	30,000 KEEP
KSM/EUR	150 KSM	120 KSM
KSM/USD	200 KSM	160 KSM
MANA/EUR	70,000 MANA	60,000 MANA
MANA/USD	70,000 MANA	60,000 MANA
MATIC/EUR	60,000 MATIC	50,000 MATIC
MATIC/USD	120,000 MATIC	80,000 MATIC
OMG/BTC	5,000 OMG	4,000 OMG
OMG/EUR	15,000 OMG	10,000 OMG
OMG/USD	13,000 OMG	9,000 OMG
PAXG/EUR	20 PAXG	20 PAXG
PAXG/USD	30 PAXG	20 PAXG
SAND/EUR	30,000 SAND	30,000 SAND
SAND/USD	30,000 SAND	30,000 SAND
SC/EUR	3,000,000 SC	3,000,000 SC
SC/USD	4,000,000 SC	4,000,000 SC
SOL/BTC	2,000 SOL	1,600 SOL
SOL/EUR	1,500 SOL	1,500 SOL
SOL/USD	3,000 SOL	2,500 SOL
TRX/BTC	700,000 TRX	500,000 TRX
TRX/EUR	1,100,000 TRX	1,000,000 TRX
TRX/USD	1,300,000 TRX	1,100,000 TRX
UNI/EUR	5,000 UNI	4,000 UNI
UNI/USD	5,000 UNI	4,000 UNI
USDC/EUR	3,000,000 USDC	2,000,000 USDC
USDC/USD	3,000,000 USDC	2,000,000 USDC
USDC/USDT	200,000 USDC	150,000 USDC
USDT/EUR	2,000,000 USDT	2,000,000 USDT
USDT/USD	6,000,000 USDT	5,000,000 USDT
XTZ/BTC	40,000 XTZ	30,000 XTZ
XTZ/EUR	60,000 XTZ	60,000 XTZ
XTZ/USD	90,000 XTZ	90,000 XTZ
XLM/BTC	300,000 XLM	170,000 XLM
XLM/EUR	550,000 XLM	300,000 XLM
XLM/USD	400,000 XLM	300,000 XLM
XMR/BTC	650 XMR	400 XMR
XMR/EUR	400 XMR	400 XMR
XMR/USD	400 XMR	500 XMR
XRP/BTC	300,000 XRP	200,000 XRP
XRP/EUR	600,000 XRP	500,000 XRP
XRP/USD	600,000 XRP	500,000 XRP
ZEC/BTC	300 ZEC	200 ZEC
ZEC/EUR	600 ZEC	500 ZEC
ZEC/USD	700 ZEC	500 ZEC

^{1 Margin position limits are subject to change. Please check this page periodically for updates.}

How do margin position limits work?

Margin position limits are separate for each pair and specified in terms of base units. So a client could use up their maximum position allowance across multiple pairs if they desire (assuming there are funds available in the pool).

Examples

Opening a long position on ZEC/BTC, you use BTC to purchase ZEC. Assuming the price of 0.003 you can use 0.9 BTC to open a maximum long position of 300 ZEC.

Opening a short position on ZEC/BTC, you use ZEC to purchase XBTC. Assuming the price of 0.003 you can use 200 ZEC, to open a maximum short position of 200 ZEC.

Once the margin position limit is reached, additional exposure can only be added through alternative quote pairs. In the above example these pairs include (ZEC/EUR, ZEC/USD) which are subject to their own specific limits.

Reaching the margin limit will result in an error “Margin position size exceeded”. This means that you will be unable to increase your position size and that only reducing/closing trades will be permitted in that particular pair.

NOTE: The margin pool funds used to open or increase a position depend upon the pair and direction of the position and are subject to margin availability of that currency Margin Allowance Limits

FAQ: What happens when the position limit changes while I have an open position that is larger than the new position limit?

Assuming a user holds a position of 300 ZEC and the new position limit is reduced to 250 ZEC. The current position will not be automatically closed by the change, only additional exposure will be prevented within the pair.

Related articles