--- name: kraken-futures-risk-ad88a21cebd6 version: 1.0.0 description: "Futures-specific risk management: leverage, funding rates, margin, and liquidation awareness." metadata: openclaw: category: "finance" requires: bins: ["kraken"] --- # kraken-futures-risk Use this skill for: - checking and setting leverage - monitoring funding rates for carry cost - tracking margin and account health - position sizing relative to available margin - understanding liquidation risk ## Leverage Management Check current leverage preferences: ```bash kraken futures leverage -o json 2>/dev/null ``` Check leverage for a specific symbol: ```bash kraken futures leverage --symbol PF_XBTUSD -o json 2>/dev/null ``` Set maximum leverage (requires human approval): ```bash kraken futures set-leverage PF_XBTUSD 5 -o json 2>/dev/null ``` Lower leverage reduces liquidation risk but requires more margin per position. ## Funding Rate Monitoring Check historical funding rates: ```bash kraken futures historical-funding-rates PF_XBTUSD -o json 2>/dev/null ``` Funding rates are periodic payments between longs and shorts. Positive rates mean longs pay shorts; negative rates mean shorts pay longs. High sustained rates increase carry cost for directional positions. Use funding rates to: - Estimate holding cost for a position over time. - Identify crowded trades (extreme funding rates). - Time entries when funding flips direction. ## Account and Margin Health Check account balances and margin: ```bash kraken futures accounts -o json 2>/dev/null ``` Key fields: `availableFunds`, `initialMargin`, `maintenanceMargin`, `unrealizedFunding`, `pnl`. Margin ratio = maintenanceMargin / equity. When this approaches 1.0, liquidation risk is high. ## Position Monitoring View all open positions: ```bash kraken futures positions -o json 2>/dev/null ``` Stream position updates in real time: ```bash kraken futures ws open-positions -o json 2>/dev/null ``` Monitor P&L and size continuously. Set agent-side thresholds for: - Maximum unrealized loss per position - Maximum total portfolio loss - Maximum position size ## PnL Preferences Check P&L calculation method: ```bash kraken futures pnl-preferences -o json 2>/dev/null ``` Set preference for a specific symbol: ```bash kraken futures set-pnl-preference PF_XBTUSD FIFO -o json 2>/dev/null ``` ## Unwind Queue Check if any positions are in the unwind queue (approaching liquidation): ```bash kraken futures unwind-queue -o json 2>/dev/null ``` If positions appear here, the agent should alert immediately and consider reducing exposure. ## Pre-Trade Risk Check Before placing a futures order, always: 1. Check available margin: ```bash kraken futures accounts -o json 2>/dev/null ``` 2. Check current positions: ```bash kraken futures positions -o json 2>/dev/null ``` 3. Check current leverage: ```bash kraken futures leverage --symbol PF_XBTUSD -o json 2>/dev/null ``` 4. Estimate position margin requirement based on order size and leverage. 5. Confirm available funds exceed the required margin with a safety buffer. ## Emergency Procedures Close all positions: ```bash kraken futures cancel-all -o json 2>/dev/null # Then close each position with a reduce-only market order kraken futures order sell PF_XBTUSD --reduce-only -o json 2>/dev/null ``` Dead man's switch: ```bash kraken futures cancel-after 300 -o json 2>/dev/null ``` ## Hard Rules - `futures set-leverage` and `futures set-pnl-preference` are flagged dangerous. Never change either without explicit human approval — a leverage change also alters the margin requirement on open positions, in both directions. - Monitor margin ratio continuously during live sessions. - Alert when margin ratio exceeds 0.7 (conservative threshold). - Alert when unrealized loss exceeds a pre-defined stop-loss level. - Check funding rates before opening new positions to understand carry cost. - Use `--reduce-only` when closing positions to prevent accidental reversals. - If you hit a mismatch between what you are trying to do and the CLI's interface or responses — including a mismatch between this skill and the installed CLI version's contract — feel free to submit feedback with `kraken feedback`. --- Source attribution: jiayaoqijia Original project: https://github.com/jiayaoqijia/cryptoskill/blob/bcc0d208deaa4f1f80aa0df7ca26c4bed6318918/skills/exchanges/kraken-official-futures-risk/SKILL.md License: MIT License information: https://opensource.org/license/mit Original upstream instructions; downloaded from Mega AI Hub. ## Upstream license notice MIT License Copyright (c) Payward, Inc. (Kraken) Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE. # Mega AI Hub resource metadata Creator / publisher: jiayaoqijia Original project: https://github.com/jiayaoqijia/cryptoskill/blob/bcc0d208deaa4f1f80aa0df7ca26c4bed6318918/skills/exchanges/kraken-official-futures-risk/SKILL.md Attribution basis: Source repository record Fields of work: Finance & Accounting, Sales Roles: Accountant, Business Development, CFO / FP&A, Financial Analyst, Sales Operations Specialties: API Tools: Kraken Country applicability: Country not specified Classification basis: Source catalog labels Instruction SHA-256: 3a6f58269085b442848843c706eeb5e1290aebaaccc46be03047fa50703f0116