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Linear Multi-Collateral Perpetual Contract Specifications
Perpetual Derivatives are a type of Derivatives contract that have no expiration date and have an auto-rolling feature every hour. These contracts feature a funding rate, which is a user-to-user payment designed to keep the price of the perpetual derivatives contract aligned to its underlying asset’s index price (i.e. the spot price of the underlying asset). If the premium is above zero, then the long positions payout to short positions, and if the premium is below zero, then the short positions pay out to the long positions. Traders will either pay or receive funding depending on the market movements. The price divergence is calculated every hour and funding credits/debits accumulate as unrealised profit/loss settling at the end of each hour or when the net position changes.
Below you can find three sections: a detailed table with the specifications of each contract, funding rate and other important information followed by multiple examples to demonstrate the mechanics of a perpetual contract. All multi-collateral derivatives use the multi-collateral wallet for margining.
Contract Specifications Table
Please note:
Delisted and settled contracts are archived here
Symbol
Base Currency
Min order
Tick Size
Max Position (Base units)
Impact Mid
Margin Class
First Trading
PF_1INCHUSD
1inch (1INCH)
1
0.0001
6,000,000
3200 1INCH
Class D
24-Aug-2022
PF_AAVEUSD
Aave (AAVE)
0.01
0.01
60,000
6 AAVE
Class C
27-Jun-2022
PF_ACEUSD
Fusionist (ACE)
1
0.0001
1,000,000
350 ACE
Class D
09-Oct-2024
PF_ACHUSD
Alchemy Pay (ACH)
1
0.000001
100,000,000
48000 ACH
Class D
26-Jul-2023
PF_ADAUSD
Cardano (ADA)
1
0.00001
60,000,000
2450 ADA
Class B
22-Mar-2022
PF_AEVOUSD
Aevo (AEVO)
1
0.0001
5,000,000
2500 AEVO
Class D
22-May-2024
PF_AGLDUSD
Adventure Gold (AGLD)
1
0.0001
3,000,000
1120 AGLD
Class D
23-Aug-2023
PF_ALGOUSD
Algorand (ALGO)
1
0.00001
17,500,000
7200 ALGO
Class D
06-Jul-2022
PF_ALICEUSD
My Neighbor Alice (ALICE)
1
0.0001
1,600,000
1040 ALICE
Class D
21-Sep-2022
PF_ALPACAUSD
Alpaca Finance (ALPACA)
1
0.00001
20,000,000
6000 ALPACA
Class D
31-Oct-2024
PF_ALPHAUSD
Stella (ALPHA)
1
0.00001
20,000,000
15600 ALPHA
Class D
19-Jul-2023
PF_ALTUSD
AltLayer (ALT)
1
0.00001
12,000,000
9000 ALT
Class D
29-May-2024
PF_ANKRUSD
Ankr Network (ANKR)
1
0.000001
50,000,000
36750 ANKR
Class D
14-Sep-2022
PF_APEUSD
ApeCoin (APE)
1
0.0001
4,000,000
750 APE
Class C
13-Jun-2022
PF_API3USD
API3 (API3)
1
0.0001
2,000,000
600 API3
Class C
31-Jan-2024
PF_APTUSD
Aptos (APT)
0.1
0.0001
750,000
120 APT
Class C
19-Oct-2022
PF_ARBUSD
Arbitrum (ARB)
1
0.0001
20,000,000
1650 ARB
Class B
23-Mar-2023
PF_ARKMUSD
Arkham (ARKM)
1
0.0001
1,500,000
700 ARKM
Class D
15-May-2024
PF_ARKUSD
Ark (ARK)
1
0.00001
5,000,000
2000 ARK
Class D
24-Oct-2024
PF_ARPAUSD
ARPA (ARPA)
1
0.00001
40,000,000
26000 ARPA
Class D
19-Jul-2023
PF_ARUSD
Arweave (AR)
0.01
0.001
100,000
39 AR
Class D
09-May-2024
PF_ASTRUSD
Astar (ASTR)
1
0.00001
20,000,000
14400 ASTR
Class D
01-May-2024
PF_ATOMUSD
Cosmos (ATOM)
0.1
0.001
3,000,000
180 ATOM
Class B
22-Mar-2022
PF_AUCTIONUSD
Bounce Token (AUCTION)
0.1
0.0001
200,000
70 AUCTION
Class D
15-Aug-2024
PF_AUDIOUSD
Audius (AUDIO)
1
0.00001
12,000,000
7700 AUDIO
Class D
28-Sep-2022
PF_AVAXUSD
Avalanche (AVAX)
0.01
0.010
700,000
40 AVAX
Class B
22-Mar-2022
PF_AXSUSD
Axie Infinity (AXS)
0.1
0.001
700,000
175 AXS
Class C
03-Aug-2022
PF_BADGERUSD
Badger (BADGER)
0.1
0.001
700,000
360 BADGER
Class D
27-Mar-2024
PF_BAKEUSD
BakerySwap (BAKE)
1
0.00001
10,000,000
2800 BAKE
Class D
11-Jul-2024
PF_BALUSD
Balancer (BAL)
0.1
0.001
500,000
450 BAL
Class D
21-Sep-2022
PF_BANANAUSD
Banana Gun (BANANA)
0.1
0.001
100,000
20 BANANA
Class D
25-Sep-2024
PF_BANDUSD
Band Protocol (BAND)
0.1
0.0001
2,400,000
825 BAND
Class D
21-Sep-2022
PF_BATUSD
Basic Attention (BAT)
1
0.00001
10,000,000
5400 BAT
Class D
20-Jul-2022
PF_BBUSD
BounceBit (BB)
1
0.00001
10,000,000
2750 BB
Class D
20-Jun-2024
PF_BCHUSD
Bitcoin Cash (BCH)
0.01
0.01
30,000
2.5 BCH
Class C
22-Mar-2022
PF_BEAMUSD
Beam (BEAM)
1
0.000001
60,000,000
65000 BEAM
Class D
17-Apr-2024
PF_BICOUSD
Biconomy (BICO)
1
0.00001
5,000,000
3750 BICO
Class D
01-May-2024
PF_BIGTIMEUSD
Big Time (BIGTIME)
1
0.00001
40,000,000
8000 BIGTIME
Class D
25-Jun-2024
PF_BLURUSD
Blur (BLUR)
1
0.0001
7,000,000
5000 BLUR
Class D
15-Feb-2023
PF_BLZUSD
Bluzelle (BLZ)
1
0.0001
7,000,000
6400 BLZ
Class D
10-Apr-2024
PF_BNBUSD
BNB (BNB)
0.01
0.01
50,000
2 BNB
Class B
22-Nov-2023
PF_BNTUSD
Bancor Network (BNT)
1
0.0001
7,000,000
1800 BNT
Class D
18-Jun-2024
PF_BNXUSD
BinaryX (BNX)
1
0.0001
2,000,000
700 BNX
Class D
19-Jul-2024
PF_BOMEUSD
BOOK OF MEME (BOME)
1
0.000001
200,000,000
120000 BOME
Class D
24-Apr-2024
PF_BONDUSD
BarnBridge (BOND)
1
0.0001
2,000,000
450 BOND
Class D
25-Jun-2024
PF_BONKUSD**
Bonk (BONK)
1000
0.000000001
100,000,000,000
40000000 BONK
Class C
21-Dec-2023
PF_BRETTUSD
Brett (BRETT)
1
0.00001
30,000,000
9000 BRETT
Class D
18-Jun-2024
PF_C98USD
Coin98 (C98)
1
0.00001
15,000,000
6800 C98
Class D
22-May-2024
PF_CATIUSD
Catizen (CATI)
1
0.00001
5,000,000
2000 CATI
Class D
15-Oct-2024
PF_CATUSD**
Simon's Cat (CAT)
1000
0.00000001
100,000,000,000
25000000 CAT
Class D
31-Oct-2024
PF_CELOUSD
Celo (CELO)
1
0.0001
5,000,000
1250 CELO
Class D
15-Oct-2024
PF_CELRUSD
Celer Network (CELR)
1
0.000001
250,000,000
80000 CELR
Class D
22-Aug-2024
PF_CETUSUSD
Cetus Protocol (CETUS)
1
0.00001
20,000,000
6000 CETUS
Class D
29-Oct-2024
PF_CFXUSD
Conflux (CFX)
1
0.00001
10,000,000
5000 CFX
Class D
09-Aug-2023
PF_CHRUSD
Chromia (CHR)
1
0.00001
10,000,000
5200 CHR
Class D
08-May-2024
PF_CHZUSD
Chiliz (CHZ)
1
0.00001
45,000,000
17000 CHZ
Class D
20-Jul-2022
PF_CKBUSD
Nervos Network (CKB)
1
0.000001
200,000,000
70000 CKB
Class D
29-Oct-2024
PF_CLOUDUSD
Cloud (CLOUD)
1
0.00001
10,000,000
2500 CLOUD
Class D
22-Jul-2024
PF_COMPUSD
Compound (COMP)
0.1
0.001
100,000
22 COMP
Class D
13-Jul-2022
PF_COREUSD
Core (CORE)
1
0.00001
3,000,000
800 CORE
Class D
08-Aug-2024
PF_COTIUSD
COTI (COTI)
1
0.00001
15,000,000
11000 COTI
Class D
30-Apr-2024
PF_CRVUSD
Curve DAO (CRV)
1
0.0001
12,000,000
3600 CRV
Class C
27-Jun-2022
PF_CTSIUSD
Cartesi (CTSI)
1
0.00001
15,000,000
6500 CTSI
Class D
29-May-2024
PF_CVCUSD
Civic (CVC)
1
0.00001
15,000,000
4000 CVC
Class D
09-Oct-2024
PF_CVXUSD
Convex Finance (CVX)
1
0.0001
500,000
396 CVX
Class D
30-Mar-2023
PF_CYBERUSD
Cyber (CYBER)
1
0.0001
1,000,000
350 CYBER
Class D
24-Oct-2024
PF_DARUSD
Mines of Dalarnia (DAR)
1
0.0001
15,000,000
5000 DAR
Class D
09-Oct-2024
PF_DASHUSD
Dash (DASH)
0.1
0.001
70,000
36 DASH
Class D
24-Aug-2022
PF_DBRUSD
deBridge (DBR)
1
0.000001
100,000,000
35000 DBR
Class D
24-Oct-2024
PF_DIAUSD
DIA (DIA)
1
0.0001
3,000,000
1000 DIA
Class D
31-Oct-2024
PF_DOGEUSD
Dogecoin (DOGE)
1
0.000001
200,000,000
8000 DOGE
Class B
20-Jun-2022
PF_DOGSUSD
Dogs (DOGS)
1
0.0000001
3,000,000,000
1000000 DOGS
Class D
09-Oct-2024
PF_DOTUSD
Polkadot (DOT)
0.1
0.001
3,500,000
180 DOT
Class B
22-Mar-2022
PF_DRIFTUSD
Drift Protocol (DRIFT)
1
0.00001
5,000,000
1500 DRIFT
Class D
11-Jul-2024
PF_DYDXUSD
dYdX (DYDX)
1
0.0001
2,500,000
800 DYDX
Class C
07-Sep-2022
PF_DYMUSD
Dymension (DYM)
0.1
0.001
1,000,000
600 DYM
Class D
08-Feb-2024
PF_EGLDUSD
MultiversX (EGLD)
0.01
0.01
60,000
32 EGLD
Class D
07-Sep-2022
PF_EIGENUSD
EigenLayer (EIGEN)
1
0.0001
1,000,000
250 EIGEN
Class D
09-Oct-2024
PF_ENAUSD
Ethena (ENA)
1
0.0001
5,000,000
3000 ENA
Class D
24-Apr-2024
PF_ENJUSD
Enjin Coin (ENJ)
1
0.0001
8,500,000
5850 ENJ
Class D
13-Jul-2022
PF_ENSUSD
Ethereum Name Service (ENS)
0.1
0.001
400,000
42 ENS
Class C
28-Sep-2022
PF_EOSUSD
EOS (EOS)
1
0.0001
25,000,000
1870 EOS
Class B
22-Mar-2022
PF_ETCUSD
Ethereum Classic (ETC)
0.1
0.001
200,000
44 ETC
Class C
03-Aug-2022
PF_ETHFIUSD
Ether.fi (ETHFI)
0.1
0.0001
1,000,000
600 ETHFI
Class D
09-May-2024
PF_ETHUSD
Ethereum (ETH)
0.001
0.1
16,000
0.35 ETH
Class A
22-Mar-2022
PF_ETHWUSD
EthereumPoW (ETHW)
0.1
0.001
600,000
300 ETHW
Class E
15-Sep-2022
PF_FIDAUSD
Bonfida (FIDA)
1
0.00001
10,000,000
3000 FIDA
Class D
25-Sep-2024
PF_FILUSD
Filecoin (FIL)
0.1
0.001
4,000,000
250 FIL
Class B
22-Mar-2022
PF_FLOKIUSD**
FLOKI (FLOKI)
1000
0.00000001
20,000,000,000
6500000 FLOKI
Class D
15-May-2024
PF_FLOWUSD
Flow (FLOW)
1
0.0001
1,800,000
1610 FLOW
Class D
17-Aug-2022
PF_FLRUSD
Flare (FLR)
1
0.000001
70,000,000
54000 FLR
Class E
10-Jan-2023
PF_FTMUSD
Fantom (FTM)
1
0.00001
25,000,000
1500 FTM
Class C
20-Jun-2022
PF_FXSUSD
Frax Share (FXS)
0.1
0.001
500,000
480 FXS
Class D
30-Aug-2023
PF_GALAUSD
GALA (GALA)
1
0.00001
120,000,000
54000 GALA
Class C
03-Aug-2022
PF_GASUSD
Gas (GAS)
1
0.0001
600,000
225 GAS
Class D
22-Oct-2024
PF_GHSTUSD
Aavegotchi (GHST)
1
0.0001
3,000,000
1000 GHST
Class D
25-Sep-2024
PF_GLMRUSD
Moonbeam (GLMR)
1
0.00001
6,000,000
5400 GLMR
Class D
05-Oct-2022
PF_GLMUSD
Golem (GLM)
1
0.00001
8,500,000
3000 GLM
Class D
22-Oct-2024
PF_GMTUSD
GMT (GMT)
1
0.0001
30,000,000
7800 GMT
Class C
30-May-2022
PF_GMXUSD
GMX (GMX)
0.01
0.01
45,000
39 GMX
Class D
08-Mar-2023
PF_GOATUSD
Goatseus Maximus (GOAT)
1
0.0001
5,000,000
1300 GOAT
Class D
24-Oct-2024
PF_GRTUSD
The Graph (GRT)
1
0.00001
30,000,000
6800 GRT
Class C
17-Aug-2022
PF_GTCUSD
Gitcoin (GTC)
1
0.0001
5,000,000
1440 GTC
Class D
18-Jun-2024
PF_HBARUSD
Hedera (HBAR)
1
0.00001
50,000,000
16500 HBAR
Class D
25-Jun-2024
PF_HFTUSD
Hashflow (HFT)
1
0.0001
7,000,000
6000 HFT
Class D
26-Jul-2023
PF_HIGHUSD
Highstreet (HIGH)
1
0.0001
2,500,000
675 HIGH
Class D
09-Jul-2024
PF_HMSTRUSD
Hamster Kombat (HMSTR)
1
0.000001
1,000,000,000
250000 HMSTR
Class D
24-Oct-2024
PF_HNTUSD
Helium (HNT)
0.1
0.001
500,000
150 HNT
Class D
14-Mar-2024
PF_ICPUSD
Internet Computer (ICP)
0.1
0.001
500,000
120 ICP
Class C
14-Sep-2022
PF_ICXUSD
ICON (ICX)
1
0.00001
10,000,000
7150 ICX
Class D
28-Sep-2022
PF_IDEXUSD
IDEX (IDEX)
1
0.00001
75,000,000
22000 IDEX
Class D
05-Sep-2024
PF_IMXUSD
Immutable (IMX)
1
0.0001
4,000,000
750 IMX
Class C
12-Oct-2022
PF_INJUSD
Injective (INJ)
0.1
0.001
1,000,000
50 INJ
Class B
05-Apr-2023
PF_JASMYUSD
JasmyCoin (JASMY)
1
0.000001
400,000,000
40000 JASMY
Class D
05-Apr-2023
PF_JTOUSD
Jito (JTO)
1
0.0001
1,000,000
350 JTO
Class D
21-Dec-2023
PF_JUPUSD
Jupiter (JUP)
1
0.0001
2,500,000
1000 JUP
Class D
01-Feb-2024
PF_KASUSD
Kaspa (KAS)
1
0.00001
60,000,000
5000 KAS
Class C
09-Jan-2024
PF_KAVAUSD
Kava (KAVA)
1
0.0001
10,000,000
2560 KAVA
Class C
10-Aug-2022
PF_KEYUSD
SelfKey (KEY)
1
0.0000001
500,000,000
200000 KEY
Class D
11-Jul-2024
PF_KNCUSD
Kyber Network Crystal (KNC)
1
0.0001
2,000,000
2100 KNC
Class D
31-Aug-2022
PF_KSMUSD
Kusama (KSM)
0.01
0.01
100,000
55 KSM
Class D
17-Aug-2022
PF_L3USD
Layer3 (L3)
1
0.000001
30,000,000
17000 L3
Class D
30-Jul-2024
PF_LDOUSD
Lido DAO (LDO)
1
0.0001
2,500,000
800 LDO
Class C
08-Mar-2023
PF_LEVERUSD
LeverFi (LEVER)
1
0.000001
1,500,000,000
550000 LEVER
Class D
22-Oct-2024
PF_LINAUSD
Linear Finance (LINA)
1
0.000001
300,000,000
195000 LINA
Class D
09-Aug-2023
PF_LINKUSD
Chainlink (LINK)
0.1
0.001
2,000,000
75 LINK
Class B
22-Mar-2022
PF_LISTAUSD
Lista DAO (LISTA)
1
0.00001
8,000,000
2000 LISTA
Class D
22-Aug-2024
PF_LITUSD
Litentry (LIT)
1
0.0001
5,000,000
1500 LIT
Class D
24-Oct-2024
PF_LOOMUSD
Loom Network (LOOM)
1
0.00001
75,000,000
18000 LOOM
Class D
05-Sep-2024
PF_LPTUSD
Livepeer (LPT)
0.1
0.001
500,000
80 LPT
Class D
20-Jul-2022
PF_LQTYUSD
Liquity (LQTY)
1
0.0001
4,000,000
1250 LQTY
Class D
22-Oct-2024
PF_LRCUSD
Loopring (LRC)
1
0.00001
8,000,000
7200 LRC
Class D
10-Aug-2022
PF_LSKUSD
Lisk (LSK)
1
0.0001
1,200,000
960 LSK
Class D
31-Jan-2024
PF_LTCUSD
Litecoin (LTC)
0.01
0.01
300,000
15 LTC
Class B
22-Mar-2022
PF_LUNA2USD
Luna2.0 (LUNA2)
0.1
0.001
2,500,000
2700 LUNA2
Class E
01-Jun-2022
PF_MANAUSD
Decentraland (MANA)
1
0.0001
12,000,000
3300 MANA
Class C
27-Jun-2022
PF_MANTAUSD
Manta Network (MANTA)
1
0.000001
4,000,000
1200 MANTA
Class D
08-Aug-2024
PF_MASKUSD
Mask Network (MASK)
1
0.0001
1,500,000
480 MASK
Class C
08-Mar-2023
PF_MAVIAUSD
Heroes of Mavia (MAVIA)
1
0.0001
1,500,000
600 MAVIA
Class D
25-Jul-2024
PF_MAVUSD
Maverick Protocol (MAV)
1
0.0001
20,000,000
6000 MAV
Class D
22-Oct-2024
PF_MEMEUSD
Memecoin (MEME)
1
0.000001
300,000,000
100000 MEME
Class D
15-Aug-2024
PF_MERLUSD
Merlin Chain (MERL)
1
0.00001
10,000,000
3000 MERL
Class D
09-Oct-2024
PF_MEWUSD
cat in a dogs world (MEW)
1
0.0000001
1,000,000,000
150000 MEW
Class D
18-Jun-2024
PF_MINAUSD
Mina Protocol (MINA)
1
0.0001
3,500,000
2160 MINA
Class D
05-Oct-2022
PF_MKRUSD
Maker (MKR)
0.001
0.1
5,000
0.45 MKR
Class C
20-Jul-2022
PF_MNTUSD
Mantle (MNT)
1
0.0001
4,000,000
1500 MNT
Class D
11-Jul-2024
PF_MOGUSD**
Mog Coin (MOG)
1000
0.0000000001
2,000,000,000,000
600000000 MOG
Class D
15-Aug-2024
PF_MOODENGUSD
Moo Deng (MOODENG)
1
0.00001
15,000,000
5000 MOODENG
Class D
31-Oct-2024
PF_MOVRUSD
Moonriver (MOVR)
0.1
0.001
300,000
104 MOVR
Class D
15-May-2024
PF_MTLUSD
Metal DAO (MTL)
1
0.0001
3,000,000
900 MTL
Class D
25-Jul-2024
PF_MYROUSD
Myro (MYRO)
1
0.00001
30,000,000
9600 MYRO
Class D
25-Jun-2024
PF_NEARUSD
NEAR Protocol (NEAR)
1
0.0001
1,250,000
200 NEAR
Class C
13-Jun-2022
PF_NEIROUSD
Neiro (NEIRO)
1
0.0000001
2,000,000,000
700000 NEIRO
Class D
09-Oct-2024
PF_NEOUSD
NEO (NEO)
0.1
0.001
100,000
90 NEO
Class D
24-Apr-2024
PF_NMRUSD
Numeraire (NMR)
0.1
0.001
300,000
72 NMR
Class D
04-Jul-2024
PF_NOTUSD
Notcoin (NOT)
1
0.000001
250,000,000
80000 NOT
Class D
09-Jul-2024
PF_NTRNUSD
Neutron (NTRN)
1
0.00001
7,000,000
2250 NTRN
Class D
25-Jul-2024
PF_OGNUSD
Origin Token (OGN)
1
0.00001
16,000,000
12000 OGN
Class D
31-Aug-2022
PF_OMGUSD
OMG Network (OMG)
1
0.0001
5,000,000
3520 OMG
Class D
13-Jul-2022
PF_OMUSD
MANTRA (OM)
1
0.0001
3,000,000
750 OM
Class D
01-Aug-2024
PF_ONDOUSD
Ondo (ONDO)
1
0.0001
2,000,000
1200 ONDO
Class D
11-Apr-2024
PF_OPUSD
Optimism (OP)
1
0.0001
4,000,000
660 OP
Class C
02-Jun-2022
PF_ORDIUSD
ORDI (ORDI)
0.01
0.001
50,000
32 ORDI
Class D
24-Jan-2024
PF_OXTUSD
Orchid Protocol (OXT)
1
0.00001
40,000,000
14000 OXT
Class D
29-Oct-2024
PF_PAXGUSD
PAX Gold (PAXG)
0.001
0.1
1,000
0.35 PAXG
Class D
16-Aug-2023
PF_PENDLEUSD
Pendle (PENDLE)
0.1
0.001
800,000
250 PENDLE
Class D
29-May-2024
PF_PEOPLEUSD
ConstitutionDAO (PEOPLE)
1
0.00001
40,000,000
15000 PEOPLE
Class D
11-Jun-2024
PF_PEPEUSD**
Pepe (PEPE)
1000
0.0000000001
1,000,000,000,000
100000000 PEPE
Class B
25-May-2023
PF_PERPUSD
Perpetual Protocol (PERP)
1
0.0001
4,000,000
1600 PERP
Class D
22-May-2024
PF_PIXELUSD
Pixels (PIXEL)
1
0.0001
7,500,000
6000 PIXEL
Class D
10-Jun-2024
PF_POLUSD
Polygon Ecosystem Token (POL)
1
0.00001
10,000,000
2500 POL
Class D
19-Sep-2024
PF_PONKEUSD
Ponke (PONKE)
1
0.00001
5,000,000
2000 PONKE
Class D
15-Oct-2024
PF_POPCATUSD
Popcat (POPCAT)
1
0.00001
20,000,000
750 POPCAT
Class C
18-Jun-2024
PF_PORTALUSD
Portal (PORTAL)
1
0.00001
8,000,000
3200 PORTAL
Class D
25-Jun-2024
PF_POWRUSD
Powerledger (POWR)
1
0.00001
15,000,000
4200 POWR
Class D
15-May-2024
PF_PRCLUSD
Parcl (PRCL)
1
0.00001
15,000,000
4000 PRCL
Class D
25-Sep-2024
PF_PUFFERUSD
Puffer (PUFFER)
1
0.00001
6,000,000
2500 PUFFER
Class D
17-Oct-2024
PF_PYTHUSD
Pyth Network (PYTH)
1
0.00001
5,000,000
3200 PYTH
Class D
29-Nov-2023
PF_QNTUSD
Quant (QNT)
0.01
0.01
12,000
13 QNT
Class D
12-Oct-2022
PF_QTUMUSD
Qtum (QTUM)
1
0.0001
700,000
400 QTUM
Class D
24-Aug-2022
PF_RADUSD
Radworks (RAD)
1
0.0001
3,000,000
880 RAD
Class D
27-Jun-2024
PF_RAREUSD
SuperRare (RARE)
1
0.0001
20,000,000
7000 RARE
Class D
16-Aug-2024
PF_RATSUSD**
Rats (RATS)
1000
0.00000001
40,000,000,000
8000000 RATS
Class D
09-Jul-2024
PF_RAYUSD
Raydium (RAY)
1
0.0001
1,000,000
350 RAY
Class D
24-Oct-2024
PF_RDNTUSD
Radiant Capital (RDNT)
1
0.00001
50,000,000
15000 RDNT
Class D
24-Oct-2024
PF_REEFUSD
Reef (REEF)
1
0.000001
500,000,000
450000 REEF
Class D
10-Oct-2024
PF_RENDERUSD
Render (RENDER)
0.1
0.0001
600,000
180 RENDER
Class D
30-Jul-2024
PF_RENUSD
REN (REN)
1
0.00001
30,000,000
24200 REN
Class D
14-Sep-2022
PF_REZUSD
Renzo (REZ)
1
0.00001
40,000,000
18000 REZ
Class D
18-Jul-2024
PF_RLCUSD
iExec RLC (RLC)
1
0.0001
1,000,000
595 RLC
Class E
12-Apr-2023
PF_ROSEUSD
Oasis (ROSE)
1
0.00001
40,000,000
13000 ROSE
Class D
24-Oct-2024
PF_RSRUSD
Reserve Rights (RSR)
1
0.000001
500,000,000
150000 RSR
Class D
25-Sep-2024
PF_RUNEUSD
THORChain (RUNE)
1
0.0001
1,500,000
200 RUNE
Class C
07-Sep-2022
PF_SAFEUSD
Safe (SAFE)
1
0.0001
2,000,000
600 SAFE
Class D
29-Oct-2024
PF_SAGAUSD
Saga (SAGA)
0.1
0.001
800,000
450 SAGA
Class D
12-Apr-2024
PF_SANDUSD
The Sandbox (SAND)
1
0.0001
15,000,000
3630 SAND
Class C
13-Jul-2022
PF_SATSUSD
SATS (Ordinals) (SATS)
1
0
15,000,000,000,000
3500000000 SATS
Class D
09-May-2024
PF_SCUSD
Siacoin (SC)
1
0.0000001
600,000,000
200000 SC
Class D
05-Oct-2022
PF_SEIUSD
Sei (SEI)
1
0.00001
5,000,000
2000 SEI
Class D
06-Sep-2023
PF_SHIBUSD**
Shiba Inu (SHIB)
1000
0.000000001
1,000,000,000,000
62500000 SHIB
Class B
30-May-2023
PF_SNXUSD
Synthetix Network (SNX)
1
0.0001
2,200,000
720 SNX
Class C
06-Jul-2022
PF_SOLUSD
Solana (SOL)
0.01
0.01
200,000
6 SOL
Class B
22-Mar-2022
PF_SPELLUSD
Spell (SPELL)
1
0.0000001
1,800,000,000
1600000 SPELL
Class D
27-Feb-2024
PF_STEEMUSD
Steem (STEEM)
1
0.00001
25,000,000
5400 STEEM
Class D
20-Jun-2024
PF_STGUSD
Stargate Finance (STG)
1
0.0001
3,000,000
2800 STG
Class E
26-Jul-2023
PF_STMXUSD
StormX (STMX)
1
0.000001
500,000,000
150000 STMX
Class D
29-Oct-2024
PF_STORJUSD
Storj (STORJ)
1
0.0001
5,000,000
2250 STORJ
Class D
07-Sep-2022
PF_STRKUSD
Starknet (STRK)
1
0.0001
4,000,000
2400 STRK
Class C
21-Feb-2024
PF_STXUSD
Stacks (STX)
1
0.0001
3,000,000
550 STX
Class C
30-Mar-2023
PF_SUIUSD
Sui (SUI)
1
0.0001
5,000,000
500 SUI
Class B
03-May-2023
PF_SUNDOGUSD
SUNDOG (SUNDOG)
1
0.00001
10,000,000
4000 SUNDOG
Class D
15-Oct-2024
PF_SUNUSD
Sun (SUN)
1
0.000001
150,000,000
55000 SUN
Class D
22-Oct-2024
PF_SUPERUSD
SuperVerse (SUPER)
1
0.0001
1,500,000
1000 SUPER
Class D
25-Apr-2024
PF_SUSHIUSD
SushiSwap (SUSHI)
1
0.0001
4,000,000
1440 SUSHI
Class D
31-Aug-2022
PF_SWEATUSD
Sweat Economy (SWEAT)
1
0.0000001
500,000,000
140000 SWEAT
Class D
01-Aug-2024
PF_SXPUSD
Solar (SXP)
1
0.00001
5,000,000
3900 SXP
Class D
19-Jul-2023
PF_SYNUSD
Synapse (SYN)
1
0.0001
6,000,000
1500 SYN
Class D
22-Aug-2024
PF_TAOUSD
Bittensor (TAO)
0.01
0.01
15,000
2 TAO
Class C
27-Jun-2024
PF_THETAUSD
Theta Network (THETA)
1
0.0001
3,000,000
800 THETA
Class C
12-Oct-2022
PF_TIAUSD
Celestia (TIA)
0.1
0.0001
700,000
160 TIA
Class C
29-Nov-2023
PF_TLMUSD**
Alien Worlds (TLM)
10
0.000001
200,000,000
100000 TLM
Class D
05-Jun-2024
PF_TNSRUSD
Tensor (TNSR)
1
0.001
3,500,000
2250 TNSR
Class D
05-Jun-2024
PF_TOKENUSD
TokenFi (TOKEN)
1
0.00001
50,000,000
12000 TOKEN
Class D
18-Jun-2024
PF_TONUSD
Toncoin (TON)
0.1
0.001
500,000
140 TON
Class D
30-Apr-2024
PF_TRBUSD
Tellor Tributes (TRB)
0.01
0.01
50,000
16.5 TRB
Class D
20-Jun-2024
PF_TRUUSD
TrueFi (TRU)
1
0.00001
15,000,000
10000 TRU
Class D
17-Apr-2024
PF_TRXUSD
TRON (TRX)
1
0.000001
75,000,000
6000 TRX
Class C
20-Jun-2022
PF_TURBOUSD**
Turbo (TURBO)
100
0.0000001
600,000,000
100000 TURBO
Class D
05-Jun-2024
PF_TUSD
Threshold (T)
1
0.000001
100,000,000
45000 T
Class D
08-May-2024
PF_TUSDUSD
TrueUSD (TUSD)
1
0.0001
5,000,000
900 TUSD
Class D
28-Jun-2023
PF_ULTIUSD
Ultima (ULTI)
1
0.0000001
150,000,000
48000 ULTI
Class D
08-Aug-2024
PF_UMAUSD
UMA (UMA)
0.1
0.001
1,000,000
390 UMA
Class D
25-Jan-2024
PF_UNFIUSD
Unifi Protocol DAO (UNFI)
1
0.0001
500,000
325 UNFI
Class D
25-Apr-2024
PF_UNIUSD
Uniswap (UNI)
0.1
0.001
3,500,000
140 UNI
Class B
22-Mar-2022
PF_USDCUSD
USDC (USDC)
1
0.0001
5,000,000
900 USDC
Class C
11-Mar-2023
PF_USDTUSD
Tether (USDT)
1
0.0001
5,000,000
900 USDT
Class C
11-Mar-2023
PF_UXLINKUSD
UXLINK (UXLINK)
1
0.0001
5,000,000
1800 UXLINK
Class D
17-Oct-2024
PF_VIDTUSD
VIDT DAO (VIDT)
1
0.000001
100,000,000
30000 VIDT
Class D
22-Oct-2024
PF_WENUSD**
Wen (WEN)
1000
0.00000001
20,000,000,000
10000000 WEN
Class D
10-Jun-2024
PF_WIFUSD
dogwifhat (WIF)
1
0.0001
8,000,000
400 WIF
Class B
22-Jan-2024
PF_WLDUSD
Worldcoin (WLD)
1
0.0001
1,500,000
500 WLD
Class C
02-Aug-2023
PF_WOOUSD
WOO (WOO)
1
0.00001
10,000,000
6000 WOO
Class E
05-Apr-2023
PF_WUSD
Wormhole (W)
1
0.0001
5,000,000
3000 W
Class D
08-Apr-2024
PF_XAIUSD
Xai (XAI)
1
0.00001
10,000,000
3900 XAI
Class D
18-Jul-2024
PF_XBTUSD*
Bitcoin (BTC)
0.0001
1
1,200
0.02 BTC
Class A
22-Mar-2022
PF_XLMUSD
Stellar (XLM)
1
0.00001
70,000,000
8400 XLM
Class C
06-Jul-2022
PF_XMRUSD
Monero (XMR)
0.01
0.01
200,000
6 XMR
Class B
22-Mar-2022
PF_XRPUSD
XRP (XRP)
1
0.00001
50,000,000
1425 XRP
Class B
22-Mar-2022
PF_XTZUSD
Tezos (XTZ)
1
0.0001
5,000,000
1200 XTZ
Class D
06-Jul-2022
PF_YFIUSD
yearn.finance (YFI)
0.0001
1
750
0.16 YFI
Class D
13-Jul-2022
PF_YGGUSD
Yield Guild Games (YGG)
1
0.0001
3,000,000
2400 YGG
Class D
10-Apr-2024
PF_ZECUSD
Zcash (ZEC)
0.01
0.01
50,000
25 ZEC
Class D
24-Aug-2022
PF_ZETAUSD
ZetaChain (ZETA)
1
0.0001
3,000,000
1680 ZETA
Class D
15-May-2024
PF_ZEUSUSD
Zeus Network (ZEUS)
1
0.00001
25,000,000
4200 ZEUS
Class D
04-Jul-2024
PF_ZKUSD
ZKsync (ZK)
1
0.000001
25,000,000
8000 ZK
Class D
01-Aug-2024
PF_ZROUSD
LayerZero (ZRO)
1
0.0001
1,000,000
250 ZRO
Class D
21-Jun-2024
PF_ZRXUSD
0x Protocol (ZRX)
1
0.00001
10,000,000
3000 ZRX
Class D
12-Apr-2023
*BTC is used on the platform UI. XBT is used on the API and account logs. Both refer to Bitcoin (BTC).
**These contracts are not available on the legacy user interface and can only be accessed via Kraken Pro or API. 
Details on Margin Categories available on Margin schedule and maximum leverage
Contract specifications changes available on our Derivatives Platform Parameters Changelog
Funding Rate and Other Important Information
Funding Rate Change, September 2022
To view the old funding rate methodology please see this page.
Additional Information
Auto-Roll Period
Every 1 hour at the end of the hour
Rate-setting Calculation Window
Rate for next period is calculated over current 1-hour period (e.g., rate for 12-13 UTC period is calculated in window between 11-12 UTC)
Funding Rate
Between start and end of the Rate-setting Period the Funding Rate is computed as the time-weighted average premium, and standardised to a per-hour basis. Permissible range per 1 hours: [-0.25%, +0.25%]*** (i.e., 600 basis point magnitude for 24-hour realisation period)
Payout Frequency
Continuously based on Funding Rate set at the end of the prior Funding Period. Positions will immediately and continuously receive or send funding while open in the perpetual contracts. The funding accumulates as unrealised profit/loss and settles every 1 hour at end of the Funding Period, or when user changes net open position (whichever occurs first).
Funding Rate Multiplier
n = 24 This is the coefficient used in the calculation of the funding rate. A value of 1/n means that, ceteris paribus, it will take n hours to realise the Average Premium. Example: if the Average Premium is 0.36% for the 1-hour period, then Funding Rate is equal to 0.015%, meaning that over the course of 24 hours, this 0.36% total will be realised.
Funding Rate Calculation
In a given 1-hour Funding Period, Premium values calculated from minutely perpetual contract prices (60 observations) using an Impact Mid are recorded versus the Real Time Platform Ticker. The Impact Mid is the median of the average entry price market-selling x value of contracts and market-buying x value of contracts. See table above for contract-specific values. The Average Premium is calculated as the average of the mid 30 values recorded from the above 60 observations. Finally, this value is weighted by the Funding Rate Multiplier. If Average Premium is greater than 0 for the 1 hour period, those in Long positions will continuously pay out to Short positions, which pushes the price closer to Index. If Average Premium is less than 0 for the 1 hour period, those in Short positions will continuously pay out to Long positions, which pushes the price closer to Index.
Trading Hours
24 hours/day, 7 days/week, 365 days/year (excluding maintenance)
P&L Settlement Method
Cash settled in USD with optional payout in any of the collateral currencies (profit only, losses are always realised in USD)
Fee Structure
Kraken Derivatives uses a maker-taker fee structure. Fees are calculated as a percentage of the notional order value for a matched trade. No fees are charged on auto-roll or funding payouts -- these occur strictly between counter-parties.
Contract Expiration
The perpetual derivatives are non-expiring, which means that positions in the contract are never “expired” or “matured”, however there is a settlement process every hour that applies funding to anchor the spot value to the Index. See Last Trading for more information.
Settlement time
Every 1 hour at the end of the hour: The accumulated unrealised funding is settled and new rate set based on TWAP premium to index in prior rate period.
Last Trading
This contract remains trading perpetually and would only expire in an emergency situation if Kraken Derivatives deems necessary to settle/expire the contract. Kraken Derivatives reserve the right to set any contract to post-only, suspended, or settle any contract at any time and without warning due to either adverse market conditions or regulatory risk. 
Initial Margin
Maintenance Margin
Half of Initial Margin
Maximum Initial Leverage
Mark Price
Index Price plus the 30 seconds exponential moving average of the order book mid price minus the index price (future's basis). The premium for perpetual contracts is capped at 1%. Calculation: Index Price + EMA_30seconds(Impact Mid Price - Index Price)
Note: in the extremely rare circumstance that the Index Price is unavailable for whatever reason, the above caps may not apply and the Mark Price will be equal to the Impact Mid Price.
Margin & Settlement Currency
USD, but with full collateral options of BTC, ETH, ADA, DOT, LTC, SOL, XRP, USDT, USDC, EUR, and GBP, adjusted for haircut (see Derivatives Collateral Currencies)

The funding rate for a given perpetual contract is represented in two different ways:

  • absolute rate: The amount of funding an account will receive by maintaining a 1 contract unit short position for 1 hour. This is more useful for account log purposes.&
  • absolute funding payout = # of contracts * absolute funding rate * time elapsed within funding period without position alteration
  • relative rate: The absolute funding rate relative to the spot price at the time of funding rate calculation. This is an intermediate value in the calculation of the absolute funding rate and is the number we display in the front end (as a %) as the 'funding rate'.
  • relative funding payout = # of contracts * (relative funding rate*spot price) * time elapsed within funding period without position alteration
Funding Rate Examples
In order to get a complete understanding of the funding rate dynamics of the Perpetual Contract, we present examples to demonstrate the key features.
Example Funding Rate 1
Assume time is 12 UTC and that the price of BTC is $37,000 (via bitcoin-dollar real-time index) and the Perpetual trades at $37,100 the whole time until 13 UTC. The average premium is computed as 0.27027% for the 1-hour period (100/37,000). This leads to a funding rate of 0.27027 / 24 = 0.01126125% per hour.
Now assume that you are in a short position of 2 BTC, with 1 BTC perpetual contract valued at $37,100. If you hold this position from 13 to 14 UTC, and the premium in the 13 to 14 UTC period remains as 0.27027%, then you will be paid funding of 8.333325 USD for the one-hour period [(2*37000)*0.0001126125]
Example Funding Rate 2
Assume time is 12 UTC and that price of BTC is $37,000 and the Perpetual trades at $39,700 until 13 UTC. The average premium is computed as 7.297297% for the 1-hour period. This leads to a funding rate of 7.297297 / 24 = 0.30405404% per hour.
The maximum funding rate per hour in any given period is 0.25%. The minimum is -0.25%.
As a result, this 0.30405404% hourly rate is floored to 0.25% per hour, so that the maximum 24 hour realisation will not exceed 6%.
Note that there is no "dampening" of rates done in this model: if a 1 hour computed rate is near 0, then it will pay out non-0 value even if it is de minimis.
Example Funding Rate 3
Assume time is 13 UTC and that the index spot price of BTCUSD is $37,000, and the relative rate set for the 1 hour period is 0.05% per hour.
Now assume the time is 13:30 UTC and the perpetual trades at $38,000 and you enter a Short position of 4 BTC at this price.
You will immediately begin receiving funding at an absolute rate of 0.05%*$37,000 = 18.5 USD per hour per unit.
In your available balance you will then see this rate applying in your unrealised PnL through continuous funding payout equal to:
  • 18.5 * 4 BTC = $74 per hour
  • $1.233 per minute
This will pay out continuously until 14 UTC where the relative funding rate will change based on the market activity between 13-14 UTC.
In your 4 BTC short position at the end of the half hour period you will have $36.99 applied in your account log at 14 UTC.
Assume this new relative funding rate is now 0.03% and the real-time spot index is $37,900 for BTCUSD at 14 UTC.
From 14 UTC to 15 UTC a new absolute funding rate will begin applying of 0.03%*$37,900=$11.37 per hour per unit.
Example Funding Rate 4
Assume time is 14 UTC and you enter a position long 2 BTC on BTCUSD at 37,000. Assume that the funding rate for the one-hour period (13-14 UTC) is set as -0.04% per hour.
At 15 UTC, after you have held this position for one full hour, you will have earned $29.6 [(0.0004*2 BTC)*37,000], which credits continuously throughout the hour period you hold it.
However, during this period, the price was at a premium and so the new one-hour rate set for 14 - 15 UTC is 0.04% per hour. After one hour of holding the position, you have paid $29.6 and you close at 16 UTC.
Your funding for the two hour period you held the position is thus + $29.6 for the first period and then - $29.6 for the first second and your net flows are 0 for this.
Example Funding Rate 5
Assume it's 12 UTC you are in a 5 BTC long position on BTCUSD with spot index at $37,000 and the rate in the funding period is -0.08%. This earns you funding of:
  • 0.0008 * 5 * 37,000 = $148 for the period
  • $2.4666667 per minute
  • $0.04111111 per second
  • $0.00004111111 per millisecond
This credits and debits every millisecond to every user with an open position. It credits first as unrealised profit and loss, but you have the funds available right away to use in further positions or transfer into your Cash account.
The funding is booked into your account log and realised when one of the following events occur:
1.You adjust your open position up or down by any amount
2.You hold until the end of the Funding Period, at which point it is booked (occurs at the end of every hour)
Example Funding Rate 6
Assume it's 12 UTC you are in a 3 BTC long position on PF_BTCUSD with spot index at $37,000 and the rate in the funding period is -0.05%. Assume that you have set your profit currency as ETH and you hold this position until the end of the funding period at 13 UTC.
0.0015*37,000*3 = $55.5 per hour
At the end of the period at 13 UTC, assume that the price of ETH is 2,500 (from the ether-dollar real-time index)
The conversion can be calculated using the following:
= Amount in USD to be converted / (Target currency index * (1 - 0.25%))
= 55.5 USD / (2,500 ETHUSD * .9975)
= 0.022 ETH
An example of what this would look like in the account logs:
Sequence
Timestamp
Wallet
Type
Symbol
Change
136
13:00:00
MC
Funding Rate Change
USD
55.50
137
13:00:00
MC
Conversion
USD
-55.50
138
13:00:00
MC
Conversion
ETH
0.022
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.
Last updated: 31 October, 2024