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Kraken US Perps offers perpetual futures contracts on both equities and crypto assets, with an initial focus on equity perpetuals. Contracts have no expiry date, so a position can be held for as long as it remains open.

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Products

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Equity Perps

Equity Perps give perpetual futures exposure to equities. Equity instruments can follow a scheduled trading session: outside it, an instrument reports the Closed trading status on the market data feed.

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Crypto Perps

Crypto Perps give perpetual futures exposure to crypto assets. They use the same order entry, market data and drop copy APIs as Equity Perps — the instrument’s market sector (Crypto or Equity) is published in its instrument definition.

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Instruments

Every US Perps contract is described by an instrument definition on the market data feed, which includes its symbol, underlying, tick size, quantity increment, contract multiplier and trading status. Ten contracts are listed at launch.

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Documentation

The complete US Perps documentation is available as a single PDF:

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Next steps

API

Order entry over FIX, market data over SBE, and drop copy over FIX.

Connectivity

Connectivity and colocation guides.