This article is a guide on opening and closing positions on Multi-Collateral Futures. To read about the differences between the available contracts, see Single-Collateral & Multi-Collateral Futures Contracts.

Before you can trade you will need to fund your wallet. See Funding your Futures Account for more details.

Haircuts and conversion fees apply to non-USD collateral when trading multi-collateral futures, for complete details on available collateral currencies and applied haircuts, see Futures Collateral Currencies.

For details on conversion fees and interest, see Fees for Multi-Collateral Futures

For the complete fee schedule and information on other fees, see Fee Schedule

Kraken Futures allows trading with up to 50x leverage but initial margin and maintenance margin differs depending on the contract and position size. See Margin schedule and maximum leverage.

Availability of margin balances can vary across collateral currencies depending on the size of open position(s) relative to that collateral's balance.

When margin is withheld across multiple assets but the total withheld margin equals less than each asset individually, all assets will be shown as available to withdraw or transfer in full. When one is withdrawn, the margin withholding will apply to the asset(s) remaining.

NOTE: Any funds held in your trading wallets are at risk. If you move funds out of your trading wallet after opening a position your effective leverage will increase which may lead to liquidation. See Portfolio Management for details on effective leverage.