Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Geographic notice:
This article is for clients located in the European Economic Area (EEA). If you are not located in the EEA, click here.
Below you can find detailed information on Kraken's linear multi-collateral perpetual and fixed maturity derivatives contracts.
Symbol | Base Currency | Min Lot | Tick Size | Max Position (Base) | Impact Mid (Base) | Margin Class & Max Pro Leverage | First Trading |
|---|---|---|---|---|---|---|---|
PF_1INCHUSD | 1inch (1INCH) | 1 | 0.0001 | 6,000,000 | 18750 1INCH | Class C (10x) | 24-Aug-2022 |
PF_AAVEUSD | Aave (AAVE) | 0.01 | 0.01 | 60,000 | 31 AAVE | Class B (10x) | 27-Jun-2022 |
PF_ACHUSD | Alchemy Pay (ACH) | 1 | 0.000001 | 100,000,000 | 110000 ACH | Class D (10x) | 26-Jul-2023 |
PF_ADAUSD | Cardano (ADA) | 1 | 0.00001 | 60,000,000 | 7100 ADA | Class B (10x) | 22-Mar-2022 |
PF_AGLDUSD | Adventure Gold (AGLD) | 1 | 0.0001 | 3,000,000 | 4275 AGLD | Class C (10x) | 23-Aug-2023 |
PF_AKTUSD | Akash (AKT) | 1 | 0.0001 | 900,000 | 2150 AKT | Class D (10x) | 19-Nov-2024 |
PF_ALGOUSD | Algorand (ALGO) | 1 | 0.00001 | 17,500,000 | 25000 ALGO | Class B (10x) | 06-Jul-2022 |
PF_ANKRUSD | Ankr Network (ANKR) | 1 | 0.000001 | 50,000,000 | 130000 ANKR | Class D (10x) | 14-Sep-2022 |
PF_API3USD | API3 (API3) | 1 | 0.0001 | 2,000,000 | 4200 API3 | Class C (10x) | 31-Jan-2024 |
PF_APTUSD | Aptos (APT) | 0.1 | 0.0001 | 750,000 | 900 APT | Class B (10x) | 19-Oct-2022 |
PF_ARPAUSD | ARPA (ARPA) | 1 | 0.00001 | 40,000,000 | 100000 ARPA | Class D (10x) | 19-Jul-2023 |
PF_ATOMUSD | Cosmos (ATOM) | 0.1 | 0.001 | 3,000,000 | 900 ATOM | Class B (10x) | 22-Mar-2022 |
PF_AXSUSD | Axie Infinity (AXS) | 0.1 | 0.001 | 700,000 | 1350 AXS | Class C (10x) | 03-Aug-2022 |
PF_BADGERUSD | Badger (BADGER) | 0.1 | 0.001 | 700,000 | 1150 BADGER | Class E (10x) | 27-Mar-2024 |
PF_BALUSD | Balancer (BAL) | 0.1 | 0.001 | 500,000 | 3600 BAL | Class C (10x) | 21-Sep-2022 |
PF_BANDUSD | Band Protocol (BAND) | 0.1 | 0.0001 | 2,400,000 | 4950 BAND | Class C (10x) | 21-Sep-2022 |
PF_BATUSD | Basic Attention (BAT) | 1 | 0.00001 | 10,000,000 | 25500 BAT | Class C (10x) | 20-Jul-2022 |
PF_BCHUSD | Bitcoin Cash (BCH) | 0.01 | 0.01 | 30,000 | 15 BCH | Class B (10x) | 22-Mar-2022 |
PF_BICOUSD | Biconomy (BICO) | 1 | 0.00001 | 5,000,000 | 23000 BICO | Class D (10x) | 01-May-2024 |
PF_BLURUSD | Blur (BLUR) | 1 | 0.0001 | 7,000,000 | 22500 BLUR | Class D (10x) | 15-Feb-2023 |
PF_BONKUSD** | Bonk (BONK) | 1000 | 0.000000001 | 100,000,000,000 | 410000000 BONK | Class B (10x) | 21-Dec-2023 |
PF_CELRUSD | Celer Network (CELR) | 1 | 0.000001 | 250,000,000 | 265000 CELR | Class D (10x) | 22-Aug-2024 |
PF_CHZUSD | Chiliz (CHZ) | 1 | 0.00001 | 45,000,000 | 82500 CHZ | Class C (10x) | 20-Jul-2022 |
PF_COMPUSD | Compound (COMP) | 0.1 | 0.001 | 100,000 | 82.5 COMP | Class C (10x) | 13-Jul-2022 |
PF_COTIUSD | COTI (COTI) | 1 | 0.00001 | 15,000,000 | 37500 COTI | Class D (10x) | 30-Apr-2024 |
PF_CRVUSD | Curve DAO (CRV) | 1 | 0.0001 | 12,000,000 | 9000 CRV | Class B (10x) | 27-Jun-2022 |
PF_CTSIUSD | Cartesi (CTSI) | 1 | 0.00001 | 15,000,000 | 40000 CTSI | Class D (10x) | 29-May-2024 |
PF_CVXUSD | Convex Finance (CVX) | 1 | 0.0001 | 500,000 | 1150 CVX | Class D (10x) | 30-Mar-2023 |
PF_DASHUSD | Dash (DASH) | 0.1 | 0.001 | 70,000 | 157.5 DASH | Class C (10x) | 24-Aug-2022 |
PF_DOGEUSD | Dogecoin (DOGE) | 1 | 0.000001 | 200,000,000 | 33750 DOGE | Class A (10x) | 20-Jun-2022 |
PF_DOTUSD | Polkadot (DOT) | 0.1 | 0.001 | 3,500,000 | 1200 DOT | Class B (10x) | 22-Mar-2022 |
PF_DRIFTUSD | Drift Protocol (DRIFT) | 1 | 0.00001 | 5,000,000 | 4500 DRIFT | Class E (10x) | 11-Jul-2024 |
PF_EGLDUSD | MultiversX (EGLD) | 0.01 | 0.01 | 60,000 | 232.5 EGLD | Class C (10x) | 07-Sep-2022 |
PF_ENSUSD | Ethereum Name Service (ENS) | 0.1 | 0.001 | 400,000 | 310 ENS | Class B (10x) | 28-Sep-2022 |
PF_EOSUSD | EOS (EOS) | 1 | 0.0001 | 25,000,000 | 6000 EOS | Class B (10x) | 22-Mar-2022 |
PF_ETHUSD | Ethereum (ETH) | 0.001 | 0.1 | 16,000 | 3.5 ETH | Class A (10x) | 22-Mar-2022 |
PF_FETUSD | Artificial Superintelligence Alliance (FET) | 1 | 0.00001 | 5,000,000 | 7500 FET | Class C (10x) | 23-Mar-2023 |
PF_FIDAUSD | Bonfida (FIDA) | 1 | 0.00001 | 10,000,000 | 28500 FIDA | Class D (10x) | 25-Sep-2024 |
PF_FILUSD | Filecoin (FIL) | 0.1 | 0.001 | 4,000,000 | 1700 FIL | Class B (10x) | 22-Mar-2022 |
PF_GALAUSD | GALA (GALA) | 1 | 0.00001 | 120,000,000 | 232500 GALA | Class C (10x) | 03-Aug-2022 |
PF_GIGAUSD | Gigachad (GIGA) | 1 | 0.00001 | 40,700,000 | 77500 GIGA | Class E (10x) | 13-Dec-2024 |
PF_GMTUSD | GMT (GMT) | 1 | 0.0001 | 30,000,000 | 75000 GMT | Class C (10x) | 30-May-2022 |
PF_GRTUSD | The Graph (GRT) | 1 | 0.00001 | 30,000,000 | 41250 GRT | Class C (10x) | 17-Aug-2022 |
PF_HBARUSD | Hedera (HBAR) | 1 | 0.00001 | 50,000,000 | 27000 HBAR | Class B (10x) | 25-Jun-2024 |
PF_IMXUSD | Immutable (IMX) | 1 | 0.0001 | 4,000,000 | 7500 IMX | Class C (10x) | 12-Oct-2022 |
PF_INJUSD | Injective (INJ) | 0.1 | 0.001 | 1,000,000 | 560 INJ | Class B (10x) | 05-Apr-2023 |
PF_IOTXUSD** | IoTeX (IOTX) | 10 | 0.000001 | 75,000,000 | 110000 IOTX | Class D (10x) | 19-Dec-2024 |
PF_JASMYUSD | JasmyCoin (JASMY) | 1 | 0.000001 | 400,000,000 | 285000 JASMY | Class C (10x) | 05-Apr-2023 |
PF_JTOUSD | Jito (JTO) | 1 | 0.0001 | 1,000,000 | 1875 JTO | Class C (10x) | 21-Dec-2023 |
PF_JUPUSD | Jupiter (JUP) | 1 | 0.0001 | 2,500,000 | 9000 JUP | Class C (10x) | 01-Feb-2024 |
PF_KNCUSD | Kyber Network Crystal (KNC) | 1 | 0.0001 | 2,000,000 | 10500 KNC | Class C (10x) | 31-Aug-2022 |
PF_KSMUSD | Kusama (KSM) | 0.01 | 0.01 | 100,000 | 240 KSM | Class C (10x) | 17-Aug-2022 |
PF_LDOUSD | Lido DAO (LDO) | 1 | 0.0001 | 2,500,000 | 6100 LDO | Class B (10x) | 08-Mar-2023 |
PF_LINKUSD | Chainlink (LINK) | 0.1 | 0.001 | 2,000,000 | 350 LINK | Class B (10x) | 22-Mar-2022 |
PF_LPTUSD | Livepeer (LPT) | 0.1 | 0.001 | 500,000 | 825 LPT | Class C (10x) | 20-Jul-2022 |
PF_LRCUSD | Loopring (LRC) | 1 | 0.00001 | 8,000,000 | 36750 LRC | Class C (10x) | 10-Aug-2022 |
PF_LTCUSD | Litecoin (LTC) | 0.01 | 0.01 | 300,000 | 56 LTC | Class B (10x) | 22-Mar-2022 |
PF_MASKUSD | Mask Network (MASK) | 1 | 0.0001 | 1,500,000 | 2850 MASK | Class C (10x) | 08-Mar-2023 |
PF_MINAUSD | Mina Protocol (MINA) | 1 | 0.0001 | 3,500,000 | 10000 MINA | Class D (10x) | 05-Oct-2022 |
PF_MKRUSD | Maker (MKR) | 0.001 | 0.1 | 5,000 | 2.4 MKR | Class C (10x) | 20-Jul-2022 |
PF_NMRUSD | Numeraire (NMR) | 0.1 | 0.001 | 300,000 | 310 NMR | Class D (10x) | 04-Jul-2024 |
PF_OGNUSD | Origin Token (OGN) | 1 | 0.00001 | 16,000,000 | 40000 OGN | Class D (10x) | 31-Aug-2022 |
PF_OPUSD | Optimism (OP) | 1 | 0.0001 | 4,000,000 | 4950 OP | Class C (10x) | 02-Jun-2022 |
PF_ORCAUSD | Orca (ORCA) | 1 | 0.0001 | 800,000 | 1100 ORCA | Class D (10x) | 19-Dec-2024 |
PF_OXTUSD | Orchid Protocol (OXT) | 1 | 0.00001 | 40,000,000 | 17500 OXT | Class E (10x) | 29-Oct-2024 |
PF_PAXGUSD | PAX Gold (PAXG) | 0.001 | 0.1 | 1,000 | 0.65 PAXG | Class D (10x) | 16-Aug-2023 |
PF_PEPEUSD** | Pepe (PEPE) | 1000 | 0.0000000001 | 1,000,000,000,000 | 640000000 PEPE | Class B (10x) | 25-May-2023 |
PF_PERPUSD | Perpetual Protocol (PERP) | 1 | 0.0001 | 4,000,000 | 10000 PERP | Class D (10x) | 22-May-2024 |
PF_POLUSD | Polygon Ecosystem Token (POL) | 1 | 0.00001 | 10,000,000 | 23000 POL | Class B (10x) | 19-Sep-2024 |
PF_POWRUSD | Powerledger (POWR) | 1 | 0.00001 | 15,000,000 | 13500 POWR | Class D (10x) | 15-May-2024 |
PF_PYTHUSD | Pyth Network (PYTH) | 1 | 0.00001 | 5,000,000 | 25500 PYTH | Class C (10x) | 29-Nov-2023 |
PF_QNTUSD | Quant (QNT) | 0.01 | 0.01 | 12,000 | 32.5 QNT | Class D (10x) | 12-Oct-2022 |
PF_RADUSD | Radworks (RAD) | 1 | 0.0001 | 3,000,000 | 1550 RAD | Class E (10x) | 27-Jun-2024 |
PF_RAREUSD | SuperRare (RARE) | 1 | 0.0001 | 20,000,000 | 31000 RARE | Class D (10x) | 16-Aug-2024 |
PF_RENDERUSD | Render (RENDER) | 0.1 | 0.0001 | 600,000 | 1400 RENDER | Class B (10x) | 30-Jul-2024 |
PF_RLCUSD | iExec RLC (RLC) | 1 | 0.0001 | 1,000,000 | 975 RLC | Class E (10x) | 12-Apr-2023 |
PF_SANDUSD | The Sandbox (SAND) | 1 | 0.0001 | 15,000,000 | 12750 SAND | Class C (10x) | 13-Jul-2022 |
PF_SEIUSD | Sei (SEI) | 1 | 0.00001 | 5,000,000 | 21000 SEI | Class C (10x) | 06-Sep-2023 |
PF_SKLUSD | Skale (SKL) | 1 | 0.00001 | 60,000,000 | 105000 SKL | Class D (10x) | 28-Jan-2025 |
PF_SNXUSD | Synthetix Network (SNX) | 1 | 0.0001 | 2,200,000 | 4950 SNX | Class C (10x) | 06-Jul-2022 |
PF_SOLUSD | Solana (SOL) | 0.01 | 0.01 | 200,000 | 47 SOL | Class A (10x) | 22-Mar-2022 |
PF_SPELLUSD | Spell (SPELL) | 1 | 0.0000001 | 1,800,000,000 | 4000000 SPELL | Class D (10x) | 27-Feb-2024 |
PF_STORJUSD | Storj (STORJ) | 1 | 0.0001 | 5,000,000 | 8500 STORJ | Class D (10x) | 07-Sep-2022 |
PF_STRKUSD | Starknet (STRK) | 1 | 0.0001 | 4,000,000 | 24000 STRK | Class C (10x) | 21-Feb-2024 |
PF_STXUSD | Stacks (STX) | 1 | 0.0001 | 3,000,000 | 7200 STX | Class B (10x) | 30-Mar-2023 |
PF_SUPERUSD | SuperVerse (SUPER) | 1 | 0.0001 | 1,500,000 | 5000 SUPER | Class D (10x) | 25-Apr-2024 |
PF_SUSHIUSD | SushiSwap (SUSHI) | 1 | 0.0001 | 4,000,000 | 5925 SUSHI | Class C (10x) | 31-Aug-2022 |
PF_SWELLUSD | Swell (SWELL) | 1 | 0.000001 | 80,000,000 | 265000 SWELL | Class D (10x) | 14-Nov-2024 |
PF_SYNUSD | Synapse (SYN) | 1 | 0.0001 | 6,000,000 | 14500 SYN | Class D (10x) | 22-Aug-2024 |
PF_TIAUSD | Celestia (TIA) | 0.1 | 0.0001 | 700,000 | 1700 TIA | Class B (10x) | 29-Nov-2023 |
PF_TRUUSD | TrueFi (TRU) | 1 | 0.00001 | 15,000,000 | 70000 TRU | Class D (10x) | 17-Apr-2024 |
PF_UMAUSD | UMA (UMA) | 0.1 | 0.001 | 1,000,000 | 3075 UMA | Class C (10x) | 25-Jan-2024 |
PF_UNIUSD | Uniswap (UNI) | 0.1 | 0.001 | 3,500,000 | 800 UNI | Class B (10x) | 22-Mar-2022 |
PF_USDTUSD | Tether (USDT) | 1 | 0.0001 | 5,000,000 | 4000 USDT | Class B (10x) | 11-Mar-2023 |
PF_WIFUSD | dogwifhat (WIF) | 1 | 0.0001 | 8,000,000 | 12000 WIF | Class B (10x) | 22-Jan-2024 |
PF_XBTUSD* | Bitcoin (BTC) | 0.0001 | 1 | 1,200 | 0.065 BTC | Class A (10x) | 22-Mar-2022 |
PF_XCNUSD** | Onyxcoin (XCN) | 10 | 0.000001 | 88,200,000 | 235000 XCN | Class D (10x) | 28-Jan-2025 |
PF_XLMUSD | Stellar (XLM) | 1 | 0.00001 | 70,000,000 | 18000 XLM | Class B (10x) | 06-Jul-2022 |
PF_XRPUSD | XRP (XRP) | 1 | 0.00001 | 50,000,000 | 2750 XRP | Class A (10x) | 22-Mar-2022 |
PF_XTZUSD | Tezos (XTZ) | 1 | 0.0001 | 5,000,000 | 6800 XTZ | Class B (10x) | 06-Jul-2022 |
PF_YFIUSD | yearn.finance (YFI) | 0.0001 | 1 | 750 | 0.675 YFI | Class C (10x) | 13-Jul-2022 |
PF_ZECUSD | Zcash (ZEC) | 0.01 | 0.01 | 50,000 | 82.5 ZEC | Class C (10x) | 24-Aug-2022 |
PF_ZETAUSD | ZetaChain (ZETA) | 1 | 0.0001 | 3,000,000 | 10000 ZETA | Class D (10x) | 15-May-2024 |
PF_ZROUSD | LayerZero (ZRO) | 1 | 0.0001 | 1,000,000 | 1275 ZRO | Class C (10x) | 21-Jun-2024 |
PF_ZRXUSD | 0x Protocol (ZRX) | 1 | 0.00001 | 10,000,000 | 9500 ZRX | Class D (10x) | 12-Apr-2023 |
Symbol | Active Maturities | Base Currency | Min Order | Tick Size | Max Position (Base units) | Margin Class | Settlement Index |
|---|---|---|---|---|---|---|---|
FF_ETHUSD | Weekly, Monthly, Quarterly, Semiannual | Ethereum (ETH) | 0.001 | 0.1 | 8,000 | Class A | ETHOPTRR |
FF_SOLUSD | Monthly, Quarterly | Solana (SOL) | 0.01 | 0.01 | 80,000 | Class B | SOLOPTRR |
FF_XBTUSD* | Weekly, Monthly, Quarterly, Semiannual | Bitcoin (BTC*) | 0.0001 | 1 | 600 | Class A | BTCOPTRR |
*BTC is used on the platform UI. XBT is used on the API and account logs. Both refer to Bitcoin (BTC).
Additional Information:
PnL Settlement Method & Collateral Currencies: Linear Derivatives are settled in USD by default, or your chosen profit currency. See Derivatives Collateral Currencies for more information.
Trading Hours: 24 hours/day, 7 days/week, 365 days/year (excluding maintenance)
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. Holding a position until settlement will result in a taker fee.
Conversion fees and interest may be applied in some instances. See Fees & Charges for Multi-Collateral Derivatives for more information.
Settlement Index: The settlement rate is calculated using observations of the underlying Real Time Index over the period of 7:30 UTC to 8:00 UTC on Last Trading day.
The methodology is as follows:
- Take a 30 minute observation window of Real Time Index values before 8 UTC
- Split the window into 1 minute partitions
- Compute the average Real Time Index for each minute
- Compute the average of all 1 minute partitions to obtain the Settlement Rate
Settlement time: Within 15 minutes after Last Trading
Last Trading: 08:00 UTC
Week: Every Friday
Month: Last Friday of the month.
Quarter: Last Friday of a month in the March quarterly cycle (March, June, September, December).
Semiannual: Last Friday of a month in the March quarterly cycle (March, June, September, December).
First Trading: 08:00 UTC.
Week: Friday of each week where no contract exists in the following week.
Month: The last Friday of the calendar month where no contract exists in the following calendar month.
Quarter: The last Friday of the calendar month where a contract exists in the following calendar month.
Semiannual: The last Friday of the calendar month where a Month contract and Quarter contract exists.
The fixed maturity listing schedule results in there always being listed simultaneously at four contracts for BTC and ETH: a Week contract, a Month contract, a Quarter contract, and a Semiannual contract. SOL only has a month and a quarter contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed.
For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract, the September quarterly contract will be listed.
Initial Margin: As low as 10%
Maintenance Margin: Half of Initial Margin
Maximum Initial Leverage: Up to 10x
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 is capped at 1% for contracts with 1 day to expiry and 20% for contracts with 210 days to expiry and is linearly interpolated in between.
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.
**Note that if the settlement rate reported by the Index provider is, for any reason, deemed to not adequately represent the underlying market, the Market Risk Committee of Kraken Derivatives reserves the right to select its own appropriate fair value settlement rate. If the index provider restates the price, Kraken Derivatives will settle to the first value published by the index provider at or after publication time.
Additional Information
Impact Mid Size
The Impact Mid is the median of the average entry price market-selling x value of contracts and market-buying x value of contracts.
The contract values for Impact Mid are regularly updated.
For current contract-specific Impact Mid values see our API's Instruments Endpoint.
Global Platform Max Order Size
The maximum individual order size is $20,000,000 for all contracts and order types. A single order placed with a USD value higher than this amount will not execute.
Decimal & Thousands Separator Formatting
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: 29 May, 2025