TL;DR
- Second flagship index: The S&P 500 joins Nasdaq 100 on Kraken Prop, giving traders access to the world’s two most-tracked equity indexes.
- Same rules, new market: Buy an evaluation from $20, with no consistency rules, no time limits, 80–90% potential profit, and payouts to your Kraken wallet typically within 24 hours. See full challenge rules.
- 5x leverage, $1M notional cap: Trade the S&P 500 across Starter, Intermediate, and Advanced eval plans, with wallet sizes $5K–$200K.
We’re bringing the S&P 500 to Kraken Prop, our funded trading program, marking our second TradFi market after Nasdaq 100. Between the two, we now carry the world’s largest and most-traded equity indexes, funded and available around the clock.
What’s new
Starting today, you can submit trade signals on the S&P 500, a tradable market across every Kraken Prop evaluation and funded account. You can search “SP” in the app to find it.
The S&P 500 is not a standardized futures contract. It’s a perpetual priced off an index oracle that tracks the same 500 large-cap US companies as the benchmark everyone already watches. That means no expiry, no rollover, and no forced exit. Open a position on Friday, and it’s still open Monday.
Why it matters
If you trade equity indexes through a funded-account firm, this is probably already your home market. Most futures-prop platforms tie you to exchange session hours and make you roll or close positions ahead of expiry. Kraken Prop does not. With the S&P 500 live alongside Nasdaq 100, we now carry the two symbols that anchor the futures-prop industry, without the constraints of a traditional trading calendar, all on our regulated exchange.
Index markets also tend to be less volatile than crypto, which can support stronger eval pass rates if you’re coming from a TradFi background.
Same rulebook, more markets
Adding the S&P 500 does not change how Kraken Prop works. The rules stay exactly the same:
- Eval plans: Starter, Intermediate, and Advanced
- Wallet sizes: $5K–$200K
- Entry: from $20
- No consistency rules
- No time limits*
- Profit split: 80–90%
- Payout: to your Kraken wallet within 24 hours
- Max daily loss: 3%
If you already have a Kraken Prop account, the S&P 500 is simply one more market on it. If you’re new to Prop, this is the same funded-trading structure we launched with Nasdaq 100, now extended to a second index.
What’s next
The S&P 500 and Nasdaq 100 are the first two markets in a broader multi-asset build-out for Kraken Prop, with commodities next on the roadmap. The goal is for Prop to be where funded traders can access the markets they already know, all in one place, feeding into the wider Kraken Pro ecosystem.
Get started
Ready to submit trade signals on the world’s most-followed index with a funded account? Start a Kraken Prop evaluation and search “SP” to find the market.
*Maximum drawdown limit applies — see full challenge rules.
This is an unregulated service. This evaluation program is intentionally rigorous and designed to verify a trader’s risk-management skill and strategy discipline before any proprietary capital is allocated by Payward Oceanic Ltd. Most applicants do not pass on their first attempt and there is no guarantee that your performance will improve or that you will pass any future evaluations. Prospective traders should purchase an evaluation only if they are confident in their trading ability and knowingly accept the risk of not qualifying for a funded account. Evaluation fees are non-refundable for each attempt once trading begins, regardless of outcome.