Summary
Kraken's US perpetual futures (via Bitnomial Exchange, branded Kraken Derivatives US) offer 16 contracts: BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, AVAX, AAVE, BCH, HBAR, DOT, SHIB, XLM, XTZ — all quoted in USD. USD-only collateral at launch. Commission: 0.5 bps on notional value per side. Additional fees: exchange fee (Bitnomial), NFA fee, clearing fee. Funding rate settled daily at 3:00 pm CT. Liquidation fee: $10 (perps only), $25 first violation / $50 subsequent (mixed portfolios). Intraday margin during US trading hours; initial margin for overnight carry.
Key Points
- 16 perpetual contracts available; all USD-quoted; USD-only collateral at launch
- Commission: 0.5 bps (0.00005) on notional value per side (entry and exit)
- Funding rate: calculated from perp vs spot price differential; settled as single cash adjustment at 3pm CT daily
- Liquidation: triggered when equity drops below maintenance margin; $10 fee (perps only), $25/$50 for mixed portfolios
- Intraday margin: applies during regular US trading hours (9:30am-4pm ET); initial margin for overnight
- Kraken reserves right to adjust intraday margins in real time based on market volatility
- Trading 24/7 subject to scheduled maintenance; same futures wallet as CME futures
- Brokerage: NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US (CFTC-registered FCM, NFA Member)