Kraken Prop Adds S&P 500 Perps With 5x Leverage and $1M Cap

Kraken Prop integrates S&P 500 perpetuals with 5x leverage and $1M notional limit, following Nasdaq 100 launch. Evaluation fees start at $20.

Woofun AI reports that Kraken has integrated S&P 500-based perpetual products into its proprietary trading platform, enabling funded traders to access the index continuously. These instruments utilize an oracle for pricing, feature no expiration dates, and eliminate rollover requirements. The S&P 500 serves as the second traditional market index on Kraken Prop, succeeding the Nasdaq 100, with commodity markets slated for future inclusion.

Participants may trade using evaluation or funded accounts, accessing up to 5x leverage and a maximum notional exposure of $1 million. Access requires purchasing an evaluation plan starting at $20 and meeting specific performance criteria. Funded account capital ranges from $5,000 to $200,000.