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Kraken Futures trading interface guide
This article is for clients using the Legacy UI site (futures.kraken.com)
If you are looking for an interface guide on Pro.Kraken.com, please see the Kraken Pro trading interface guide.

There’s a lot of information on the Trading page. This guide will walk you through what it all means.

The platform’s user interface is divided into multiple panels which can be customised to fit your trading needs. Every critical exchange functionality is designed to be just a click away. 
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The trading dashboard is equipped with beginner-friendly tooltips. Hover the mouse over any label to bring up a brief description of what it means.
For example, hovering over the funding rate will show this descriptive tooltip:
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The tool tip feature can be disabled in Settings.

Expand the titles below for a detailed walkthrough of each feature:

Market Details & Instrument Selection

Market Details

In the default layout, the Market Details component is located on the right-hand side in the same container as the Order Book. This component provides useful information such as Premium, Open Interest, your 30-Day Volume, Funding Rate (perpetuals only), maturity time (fixed maturities only) and Index Price etc.
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Instrument Selection

The left side of the top menu bar contains the trading pair selector. 
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The menu displays all Single-Collateral markets on the left-hand side by default and when a currency is selected all maturities available to trade will be displayed on the right-hand side. An overview of market details for the currently selected contract is shown in the bottom-right corner. 
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Note: Single-Collateral contracts use the base currency only as collateral. 
Toggling to Multi-Collateral you’ll find additional markets. This wallet allows multiple currencies to act as collateral.
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To help you choose which type to trade, see Single-Collateral & Multi-Collateral Futures Contracts
When a Multi-Collateral contract is chosen, the bar will display an additional drop-down menu that allows you to change between cross and isolated margin. 
You’ll also see your current position’s effective leverage level (which is also shown by the gauge next to 'LEVERAGE') and a health bar showing how close you are to liquidation, along with other useful market details. 
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Cross or Isolated Margin Menu

Cross margin is the default setting for Multi-Collateral futures.
Clicking on “Cross” next to the trading pair selector brings up the Multi-Collateral Preference menu. Here you can change between cross and isolated margin and also change the profit settlement currency. 
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USD is the profit settlement currency by default when trading all Multi-Collateral contracts. This can be changed to any of the available collateral currencies. Conversion fees apply when realising profits in any non-USD currency. 
If choosing isolated margin from this menu you can then select your desired leverage level.
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Note that your saved preferences are per trading pair. If switching to a different trading pair the preferences will be the default until changed (cross margin & USD profit settlement).
You can alter isolated margin settings after opening an isolated position by clicking on the menu when viewing the trading pair of your currently open position. Additional margin can be added or removed, altering the leverage level. 
Market Chart
The chart of the currently selected market is displayed in the centre of the dashboard. 
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Clicking the cog icon in the top right corner above the chart brings up a menu to change chart settings.
There are options to toggle between the last trade price or the mark price for chart price data, as well as toggle the display of open orders, open positions, mark price, and liquidation price on the chart itself.
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You can zoom in and out of the chart using your mouse wheel or scroll by clicking on the chart and moving your mouse. Trading View provides functionality such as indicators (e.g. Bollinger Bands, Exponential Moving Average) and various drawing tools.
Order Submission
The Order Form component allows you to place Limit, Market, Take Profit, Stop Loss, or Trigger Entry orders with additional optional parameters for Maker-Only, Reduce-Only and Immediate-or-Cancel. 
Before creating an order ensure you have selected the intended contract and order type and enter the number of contracts you would like to buy or sell. Depending on your order type you may need to provide additional parameters such as limit price or trigger price.
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Pro Tip: You can auto-populate the limit price field by clicking on a price in the order book.
Whenever you change the form entries the margin information below the order entry section will update. Check that your Initial Margin requirement is smaller than your Available Funds and click on buy or sell
Note: there is no order confirmation pop-up for Multi-Collateral contracts. 
Open Orders & Order Cancellation
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Once you successfully submit an order that either partially or fully remains on the order book, the order will appear in the 'Open Orders' tab located in the bottom-centre of the default layout.
Pro Tip: Filter for orders only open in the currently selected pair by clicking on the cog in the top right of the window.
If you want to cancel an order that has not yet been matched, select 'Cancel' at the end of the row and the orders will be removed from the book. You can also cancel all your open orders for all contracts at once by clicking ‘Cancel All Orders’.
Positions
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The Open Positions tab displays all positions open in every contract and each position’s size, average entry price, current mark price, estimated liquidation price, effective leverage, unrealised profit/loss (PnL), and return on equity (RoE).
Pro Tip: Filter for positions only open in the current-selected pair by opening component settings by clicking on the cog in the top right of the container.
Closing a position
An open position can be closed primarily by executing an equivalent order on the opposite side of the order book (e.g. buy order to close a short position, sell order to close a long position). 
Apart from submitting these orders manually, an alternative method is in the Open Positions tab. There is the option of closing the position with a Limit Order by selecting 'Limit', or with a Market Order by selecting 'Market'. Doing so will submit a reduce-only order to the order book. This can also be done via the Open Position Details window shown above.
Note: It is not possible to have a long and a short position open in the same contract at the same time. Instead of opening a new position, any buy order would only reduce the size of the existing short position and vice versa.
For a complete walk-through of the position opening and closing process, see:
Balances Panel
There are multiple ways to view your balances. 
Clicking on ‘Wallets’ in the left sidebar will bring you directly to the wallets page at https://futures.kraken.com/trade/wallets. This URL can also be visited directly and bookmarked. 
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If you want a quick view of your balance from the trading interface, you can add the ‘Pair Wallet’ component.
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To add this component click on the Workspace icon to the left of the Profile icon at the top right of the page.
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Logs
Expand the sidebar on the left-hand side of the screen and click on “Logs” to view your complete account history logs. 
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For detailed explanations of each log field, see Interpreting the logs.
Settings
Expand the sidebar on the left-hand side of the screen and click on “Settings” to view and edit your account’s settings.
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This page contains all changeable settings that aren’t available from the trading interface. Here you can manage your login session, create and delete API keys and toggle email alerts.
Tours, Shortcuts, Theme, Language Settings & Notifications
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In the bottom-right of the trading dashboard, you will see the panel for tours, shortcuts, theme, language, and notifications. From here you can adjust the theme, view a list of keyboard shortcuts and change the dashboard language.
Tours
Tours enables you to launch a quick Kraken Futures tutorial
Shortcuts
Open keyboard shortcuts guide.
Theme
Select between Automatic (local system preferences), Dark and Light.
Language
This option allows you to choose the dashboard language from the list of supported languages on Kraken Futures.
Notifications
Monitor and view platform notifications.
Customising The User Interface
Draggable
The user interface is fully customisable. You can drag and drop or add and remove components to wherever feels right for your preferences. 
To customise the interface, click on the “Manage Workspaces” icon at the top right of the screen.
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This button brings out a drop-down menu where you can select or unselect components. 
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Simply toggle the checkmark next to a component to add or remove it from the trading interface. You can then lock your layout, or reset to the default. 
Component windows can also be resized in the same manner as you’d resize your browser window - hover over the edge or corner to bring up the resize arrow icon, then click and drag to your desired size. 
Workspaces
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The Workspaces tab gives you a variety of options for rearranging your workspace with preset layouts and an empty board for building a custom workspace. Click on “Create workspace” to bring up the preset options and build your own.
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Assignment Program
In the sidebar on the left-hand side of the screen, below ‘Logs’ is the icon for ‘Assignment Program’. 
Clicking into it will bring up a disclaimer that contains links to articles with further information.
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After agreeing to the disclaimer, you’ll be brought to the Assignment Program preferences management page.
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The Assignment Program is an optional feature that allows you to provide liquidity for liquidations. It can lead to receiving positions that are already in a profit. For complete details, see: