Fees for Derivatives trading

Fees on Kraken Derivatives are calculated as a percentage of the notional order value for a matched trade.

The fee schedule is based on your 30-day rolling volume meaning that the more you trade, the lower your fees are on subsequent trades.

30-Day Volume USD

Maker Fee

Taker Fee

$0 +

0.0200%

0.0500%

$2,500,000 +

0.0150%

0.0450%

$5,000,000 +

0.0125%

0.0400%

$10,000,000 +

0.0100%

0.0350%

$20,000,000 +

0.0075%

0.0300%

$30,000,000 +

0.0050%

0.0250%

$50,000,000 +

0.0030%

0.0200%

$75,000,000 +

0.0015%

0.0150%

$100,000,000 +

0.0000%

0.0125%

$250,000,000 +

-0.0015%

0.0100%

$500,000,000 +

-0.0030%

0.0100%

$1,000,000,000 +

-0.0050%

0.0100%

Single-Collateral vs Multi-Collateral Fee Details

For Inverse Single-Collateral contracts fees are charged in the collateral currency of the contract being traded.

Note: Holding a Fixed Maturity contract until maturity (settlement) results in a taker fee. 

Single-Collateral Derivatives contracts

Bitcoin- USD

Ether- USD

Litecoin- USD

BitcoinCash- USD

Ripple- USD

Fee/Collateral Currency

BTC

ETH

LTC

BCH

XRP

There are no additional fees for Fixed Maturity Single-Collateral contracts. There are no additional Kraken fees for Perpetual Single-Collateral contracts however there is the funding rate. For more info on the funding rate, see Inverse crypto-collateral perpetual contract specifications.

Example:

Traders A and B are both at the second level of the fee schedule (taker of 0.04% and maker of 0.015%). Trader A sends a market order for 100,000 contracts (100,000 USD) of Bitcoin-USD Single-Collateral Derivatives that is matched against an existing limit order sitting in the order book of Trader B.

  • •

    The trade price is 50,000 USD/BTC

  • •

    The notional value of this trade in BTC terms is 2 BTC

  • •

    Trader A is charged a taker fee of 0.008 BTC (0.04%)

  • •

    Trader B is charged a maker fee of 0.003 BTC (0.015%)

  • •

    Both amounts are transferred immediately upon matching

Fee amount for Trader A

Fee amount for Trader B

= 1 / Trade Price * (Fee %) * Quantity = 1 / 50,000 USD/BTC * 0.04% * 100,000 USD = 0.0008 BTC

= 1 / Trade Price * (Fee %) * Quantity = 1 / 50,000 USD/BTC * 0.015% * 100,000 USD = 0.0003 BTC

= (Fee %) * Notional Order Value = 0.04% * 2 BTC = 0.0008 BTC

= (Fee %) * Notional Order Value = 0.015% * 2 BTC = 0.0003 BTC

For Multi-Collateral contracts, fees are charged in USD.

If USD is unavailable in a trader’s account for fees, PnL, or funding payout, then available non-USD funds will be converted for a fee by prioritising converting assets by ascending order of collateral ‘haircut’.

e.g. if a Trader has EUR and ETH as collateral, fees will be taken out from its EUR balance which bears a lower haircut than ETH.

Multi-Collateral contracts are subject to conversion fees and in some cases, interest on losses uncovered by USD collateral. For more info on Multi-Collateral fees, see Fees & Charges for Multi-Collateral Derivatives.

Example:

Assume that Traders A and B are trading Multi-Collateral BTC/USD contracts. Trader A sends a market order for 2 BTC that is matched against an existing limit order sitting in the order book of Trader B.

  • •

    The trade price is 50,000 USD/BTC

  • •

    The notional value of this trade in BTC terms is 2 BTC

  • •

    Trader A is charged a taker fee of 40 USD (0.04%) 

  • •

    Trader B is charged a maker fee of 15 USD (0.015%)

  • •

    Both amounts are transferred immediately upon matching

Fee amount for Trader A

Fee amount for Trader B

= Fee % * (Quantity * Entry Price) = 0.04% * 100,000 USD = 40 USD

= Fee % * (Quantity* Entry Price) = 0.015% * 100,000 USD = 15 USD

Frequently Asked Questions

If you submit an order that crosses the order book and is immediately matched, you pay the taker fee. If you submit an order that first sits in the order book before it is matched, you pay the maker fee.

On the legacy futures.kraken.com platform, you can look up the fees you have paid by navigating to the "Logs" tab in the left panel of the trading platform. On the Kraken Pro platform, you can look up the fees you have paid on

Derivatives

by navigating to the "History" tab at the top panel of the trading platform and then clicking on ‘

Derivatives

ledger’

Conversions of non-USD collateral on multi-collateral Derivatives will incur conversion fees. Non-USD backed losses exceeding 30,000 USD will incur interest. Additionally, we charge a liquidation fee. See Fees for Multi-Collateral Derivatives for more detail.

  • •

    Positions that are settled in final settlement are treated as taker.

  • •

    Liquidations are treated as taker for the liquidated party and maker for the other party.

  • •

    Assignments are treated as taker for both parties.

  • •

    Terminations are treated as taker for the party causing the termination, and maker for the other party.

The volume discounts for Kraken spot markets will not carry over to Kraken

Derivatives

or vice versa.

You can transfer Kraken Fee Credits (FEE) to your Multi-Collateral (MC)

Derivatives

wallet. When you have a FEE balance inside your MC wallet it will be used as the preferred trading fee currency. It is worth highlighting that FEE will only be applied on trading fees and not other Multi-Collateral fees such as (

Conversion Fees, Funding Payouts, Liquidation Fees, Interest Fees). 

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.

Single-Collateral vs Multi-Collateral Fee Details
Frequently Asked Questions

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