Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area

Período de rolagem automática

A cada uma hora, no final da hora

Janela de cálculo da definição de taxa

A taxa para o próximo período é calculada ao longo do período atual de uma hora (por exemplo, a taxa para o período de 12h a 13h UTC é calculada na janela entre 11h e 12h UTC)

Taxa de depósitos e retiradas

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)

Frequência de pagamento

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).

Multiplicador de taxa de depósitos e retiradas

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.

Cálculo da taxa de depósitos e retiradas

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.

Horários de negociação

24 horas por dia, 7 dias por semana, 365 dias por ano (excluindo manutenção)

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)

Estrutura de Taxas

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.

Validade do contrato

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.

Tempo de liquidação

A cada uma hora no final da hora: Os depósitos acumulados não realizados são liquidados e a nova taxa é definida com base no prêmio TWAP para indexar no período de taxa anterior.

Última negociação

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. 

Margem inicial

As low as 10%

Margem de manutenção

Metade da margem inicial

Alavancagem inicial máxima

Até 10x

Preço de referência

Preço de índice mais a média móvel exponencial de 30 segundos do preço médio do livro de ofertas menos o preço de índice (base dos futuros). O prêmio para contratos perpétuos é limitado a 1%. Cálculo: Preço de índice + Média móvel exponencial de 30 segundos (Preço médio de impacto - Preço de índice)
Observação: na circunstância extremamente rara de que o Preço de índice não esteja disponível por algum motivo, os valores máximos acima poderão não ser aplicáveis e o Mark price será igual ao Preço médio de impacto.

Margin & Settlement Currency

USD, but with full collateral options of EUR and GBP, adjusted for haircut (see Derivatives Collateral Currencies)

FF_ETHUSD

Weekly, Monthly, Quarterly, Semiannual

Ethereum (ETH)

0,001

0,1

8.000

Classe A

ETHOPTRR

FF_SOLUSD

Monthly, Quarterly

Solana (SOL)

0,01

0,01

80.000

Classe B

SOLOPTRR

FF_XBTUSD*

Weekly, Monthly, Quarterly, Semiannual

Bitcoin (BTC*)

0,0001

1

600

Classe A

BTCOPTRR