Kraken Funding Rates — Contract Units & Funding Guide

Understand Kraken perpetual futures funding: payment direction, contract units, and what must be checked before comparing rates.

Kraken funding: what this page provides

This is an educational reference, not a live Kraken funding table. No current Kraken rate, coverage count, or refresh schedule is asserted here. For contract-specific data, consult the official Kraken resources below.

Payment direction and units

Funding transfers value between long and short positions. Positive funding means longs pay shorts; negative funding means shorts pay longs. A funding cash amount is not automatically a percentage rate: the contract specification and quote convention determine the conversion.

Before converting any API field, establish whether it is a cash amount, a decimal rate, a percentage, or a prediction. Confirm the contract identifier, collateral and settlement convention, notional definition, funding interval, and timestamp. Do not assume every Kraken contract uses an 8-hour interval or the same unit.

Comparing funding consistently

When a percentage rate and its interval are established, simple annualization uses that percentage multiplied by 24 divided by the interval in hours, then by 365. For an illustrative 0.01% per 8 hours, this gives 10.95% simple APR. This example is not a current Kraken quote and does not imply that any Kraken contract uses that interval.

Funding varies. An annualized snapshot is not a return forecast and excludes price changes, execution costs, borrowing, liquidation, and exchange risk. Only compare instruments after normalizing their units and intervals.

Official Kraken sources

• Kraken API: instrument details — identify the contract and inspect its specification.
• Kraken API: tickers — inspect available market-data fields and their definitions before interpreting them.

Related education

Read the funding basics and the site methodology. The funding calculator provides hypothetical estimates when a rate, notional, and interval are known.

Educational information only. Not financial advice. This page does not assert eligibility, regulatory protection, or guaranteed returns.