Kraken has opened the S&P 500 as a tradable market inside Kraken Prop, its funded-trading program, giving traders access to a second flagship equity index alongside the Nasdaq 100 the firm already offered. The expansion was announced by Kraken on its official blog Trade the S&P 500 with our money using Kraken Prop, and the new market is available immediately across every Kraken Prop evaluation and funded account. Traders can find it by searching “SP” in the app.
Unlike a standardized futures contract, the S&P 500 on Kraken Prop is a perpetual instrument priced off an index oracle that tracks the same 500 large-cap US companies as the benchmark index investors watch, according to Kraken’s announcement Trade the S&P 500 with our money using Kraken Prop. So positions carry no expiry date, no rollover requirement, and no forced closing time — a trade opened on Friday stays open through the weekend.
The economics of the program are unchanged by the addition. Kraken says evaluations start at $20, wallet sizes run from $5,000 to $200,000 across Starter, Intermediate, and Advanced plans, and funded traders keep 80–90% of profits with payouts to a Kraken wallet typically within 24 hours, according to the launch announcement Trade the S&P 500 with our money using Kraken Prop. The S&P 500 also carries 5x leverage and a $1 million notional cap, with a 3% maximum daily loss limit applied, as detailed on the Kraken Prop overview page Crypto Prop Trading | Get Funded Up to $200K | Kraken Pro.
For traders, the practical appeal is the removal of traditional exchange-session constraints. Kraken argues that because index markets tend to be less volatile than crypto, the addition could support stronger evaluation pass rates for people coming from a traditional-finance background, per the launch post Trade the S&P 500 with our money using Kraken Prop. Most futures-prop platforms still tie users to exchange hours and force position rolls ahead of expiry; Kraken Prop says it does not.
The S&P 500 and Nasdaq 100 are the first two markets in a broader multi-asset build-out, with commodities next on the roadmap, Kraken said in the announcement Trade the S&P 500 with our money using Kraken Prop. Our earlier coverage of the firm’s first index rollout explains how the funded structure works in practice: Kraken Prop Brings the Nasdaq 100 to Funded Trading.
Kraken flags the service as unregulated and warns that the evaluation is intentionally rigorous, with most applicants not passing on their first attempt and evaluation fees non-refundable once trading begins, according to the program’s terms Crypto Prop Trading | Get Funded Up to $200K | Kraken Pro. Prospective traders should buy an evaluation only if they are confident in their strategy and accept the risk of not qualifying for a funded account.
