Kraken Derivatives offers trading with distinct collateral wallet types depending on the contracts being traded.
The main differences are:
- •Cross & Isolated Margin
- •Collateral Currencies
- •Haircuts & Conversion Fees
- •Profit & Loss Currencies
Single-Collateral | Multi-Collateral | |
---|---|---|
Collateral Currencies | BTC, ETH, LTC, BCH, XRP | |
UI Availability | Offered on the futures.kraken.com UI | Offered on Kraken Pro as well futures.kraken.com UI |
Risk Management | Up to 50x leverage One margin wallet per collateral currency Cross margin across different maturities of the same asset only | Up to 50x leverage One wallet for all collateral currencies Trade any contract with any or all collateral currencies Cross margin across all collateral currencies by default Isolated margin mode to restrict risk Withdraw Unrealized Profit while keeping the position open |
Contract Value | USD denominated: 1 contract = $1 USD | Coin denominated: 1 contract = 1 unit of cryptocurrency See contract specifications for decimal precision |
Contract Types | Fixed & Perpetual | Fixed & Perpetual |
Contract Specs | Fixed Inverse Contract Specifications Perpetual Inverse Contract Specifications | Fixed Linear Contract Specifications Perpetual Linear Contract Specifications |
Fees | Maker-taker trading fees Funding rate for Perpetual contracts | Maker-taker trading fees Funding rate for Perpetual contracts Conversion fees on non-USD Interest on large unrealised losses not backed by USD |
Profit Settlement | Settled in contract’s collateral currency (e.g. BTC for BTC/USD) | Settled in USD by default with option to choose from a supported Derivatives collateral currency |
Aside from the differing characteristics detailed in the sections below, order types, trading fees and margining remain largely the same.
This article aims to help you choose which collateral wallet is best for your trading strategies and preferences. For details about which contracts are single-collateral or multi-collateral, visit product listing summary.