Order types

OCO orders on Kraken Pro

Pair your take-profit and stop-loss level into a single order. The first to trigger closes the position as the other cancels instantly. No cleanup. No conflict.

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Available on

Pro

Enter the trade. Set your upside target and downside exit simultaneously.

Walk away knowing both are covered and that only one will ever fill.

Explore pairs

OCO order ∨

Available on all eligible spot and margin positions

Pair your take-profit and stop-loss into a single order on any eligible spot or margin position. The first exit to trigger closes the position and cancels the other instantly.

Kraken Pro OCO order interface on desktop

Kraken Pro OCO order interface on mobile

Crypto collateral. Not just USDC.

48+ eligible crypto assets as collateral. Not just USDC. Trade with leverage using what you already own.

One trigger. One close. No conflicts.

The first set exit level to be reached fills your position. The other order cancels automatically, with no risk of both filling and no orphaned order sitting in your book.

24/7. No expiry. No forced rolls.

Trade Spot Margin any time, on your schedule. No contract expiry, no forced position resets.

No qualification barrier to trade with leverage

No accredited investor requirement.

Spot margin trading on Kraken Pro is open to all eligible retail traders. No minimum net worth, no qualification barrier.

Set your take-profit target

OCO orders are available on all eligible spot and margin positions on Kraken Pro. Open your position, select OCO, and set both exit prices. No additional margin required for the order type and the standard position margin applies.

Set your stop-loss floor

Both exit prices are confirmed in the interface before your OCO goes live. Your active take-profit and stop-loss levels are visible in the position panel at all times. No guesswork required.

Let the orders work together

Open your position, set both exits, continue trading. Live P&L, 24/7 access. One fills, the other cancels. Adjust either leg before it triggers. Close manually whenever you're ready.

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How OCO orders work on Kraken Pro

One order. Both exits. No conflicts.

Setting take-profit and stop-loss exit prices for an OCO order

Set both exit prices — Open your spot or margin position. Select OCO. Enter your take-profit (Order 1) and your stop-loss (Order 2). Confirm both prices before the order goes live.

Both OCO order legs sitting live in the order book

Both legs sit live in the book — Whichever exit level the market reaches first is the one that triggers. Adjust either leg before it fires, or cancel and replace the OCO as long as neither has triggered.

One OCO order filling while the other cancels automatically

One fills, the other cancels — The moment one order begins to execute, the other is canceled automatically. Position closed. No orphaned orders, no manual cleanup, no risk of both filling. 24/7, no expiry.

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Unleash your trading potential.

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OCO order FAQs

Can I use an OCO on a short position?

Yes. For a short, the structure inverts: Order 1 is a buy-limit at your take-profit target (lower price). Order 2 is a buy-stop at your stop-loss level (higher price). Whichever fills first closes the short and cancels the other.

What happens if both legs try to fill at the same time?

OCO orders are designed to prevent simultaneous fills. The moment one order begins to execute, the other is immediately canceled. In fast-moving markets there may be slippage on the filling leg, but both orders will not execute.

Can I adjust my exit prices after the OCO is live?

You can cancel and replace the OCO if neither leg has triggered.

What collateral can I use?

Kraken Pro accepts 48+ eligible crypto assets as collateral, not just USDC. This includes BTC, ETH, SOL, XRP, and other major assets. Check the Kraken Pro interface for the current list.

Is spot margin trading available in my region?

Spot margin trading on Kraken Pro is available to eligible clients in most supported regions. Availability varies by jurisdiction — certain regions, including Canada and New Zealand, are excluded. In the US, spot margin trading is provided via NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant. Eligible Counterparties (ECPs) may also access margin trading. Check your account settings in Kraken Pro to confirm eligibility in your region.

Learn more

Short selling on Kraken Pro

Trailing stop orders on Kraken Pro

Margin calls and liquidation on Kraken Pro

Margin trade Bitcoin

Spot margin trading involves substantial risk and is not suitable for everyone. You may lose all or more than the initial investment, exceeding the value of collateral deposited with the firm to open and maintain the position. You may be required to provide additional collateral on short notice or no notice, and you may remain responsible for any deficiency after liquidation and collateral application. Trading should be undertaken only with risk capital—funds that can be lost without jeopardizing one’s financial security or lifestyle—and only by those who can afford such losses. While leverage can increase potential returns, it also significantly increases risk. Leverage available may vary by asset. Past performance is not necessarily indicative of future results. Availability of spot margin trading through Kraken Derivatives US is subject to certain limitations and eligibility criteria. View Risk Disclosure Statement.

Spot margin trading is provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by Payward Accredited LLC. View Disclosures.