{"article":{"id":360005154753,"url":"https://cryptofacilities.zendesk.com/api/v2/help_center/en-us/articles/360005154753.json","html_url":"https://support.mtf.kraken.com/hc/en-us/articles/360005154753-Margin-Schedule","author_id":114442366173,"comments_disabled":true,"draft":false,"promoted":false,"position":1,"vote_sum":0,"vote_count":0,"section_id":115000704014,"created_at":"2018-05-29T12:52:10Z","updated_at":"2026-05-14T21:23:41Z","name":"Margin Schedule","title":"Margin Schedule","source_locale":"en-us","locale":"en-us","outdated":false,"outdated_locales":[],"edited_at":"2026-05-14T21:23:41Z","user_segment_id":null,"permission_group_id":629434,"content_tag_ids":[],"label_names":[],"body":"

On the MTF we use Initial Margin (IM) and Maintenance Margin (MM) to manage the credit risk arising from open positions.

The larger a trader's position, the more liquidity is required to unwind that position in the event of an adverse price move.

Additionally, the more volatile a currency pair, the higher the margin that is required to withstand typical price moves. IM and MM are therefore a function of both, contract type and of position size, as shown in the following tables:

 

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
CategoryLevel ILevel IILevel IIILevel IVLevel VLevel VILevel VIILevel VIII
BTC Perpetual0 – $1,000,000$1,000,000 – $3,000,000$3,000,000 – $5,000,000$5,000,000 – $10,000,000$10,000,000 – $30,000,000$30,000,000 – $50,000,000$50,000,000 – $150,000,000$150,000,000+
ETH Perpetual0 – $500,000$500,000 – $2,000,000$2,000,000 – $5,000,000$5,000,000 – $10,000,000$10,000,000 – $30,000,000$30,000,000 – $50,000,000$50,000,000 – $150,000,000$150,000,000+
Class A—0 – $2,000,000$2,000,000 – $5,000,000$5,000,000 – $10,000,000$10,000,000 – $30,000,000$30,000,000 – $50,000,000$50,000,000 – $150,000,000$150,000,000+
Class B—0 – $500,000$500,000 – $1,500,000$1,500,000 – $3,000,000$3,000,000 – $10,000,000$10,000,000 – $20,000,000$20,000,000 – $50,000,000$50,000,000+
Class C——0 – $250,000$250,000 – $750,000$750,000 – $2,000,000$2,000,000 – $5,000,000$5,000,000 – $10,000,000$10,000,000+
Class D———0 – $25,000$25,000 – $250,000$250,000 – $1,000,000$1,000,000 – $3,000,000$3,000,000+
Class E————0 – $250,000$250,000 – $1,000,000$1,000,000 – $2,000,000$2,000,000+
Class F—————0 – $25,000$25,000 – $250,000$250,000+
\n Leverage\n \n 100×\n \n 50×\n \n 25×\n \n 20×\n \n 10×\n \n 5×\n \n 3.33×\n \n 2×\n
\n IM\n \n 1%\n \n 2%\n \n 4%\n \n 5%\n \n 10%\n \n 20%\n \n 30%\n \n 50%\n
\n MM\n \n 0.5%\n \n 1%\n \n 2%\n \n 2.5%\n \n 5%\n \n 10%\n \n 15%\n \n 25%\n

 

 

Last updated: 15-May-2025

Note: Margin percentages are based on the value of the collateral currency at entry price. Margin requirements and maximum position size are calculated for each instrument individually per maturity. 

Example: You are long 1,000,000 contracts in the Perpetual Bitcoin-Dollar Futures and 250,000 contracts in the Monthly Bitcoin-Dollar Futures. Your IM requirement for the position in the Perpetual will be 2% for the first 500,000 contracts and 4% for the second 500,000 contracts, resulting in an average IM of 3%. Your IM requirement for the position in the Monthly will be 2%.

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