Skill

recipe-futures-hedge-spot

Hedges spot BTC holdings against downside by shorting equivalent futures positions on Kraken using CLI commands. Locks in value but caps upside; requires prerequisite Kraken skills.

Bash

cli-tools

automation

npx claudepluginhub krakenfx/kraken-cli

Tool Access

This skill uses the workspace's default tool permissions.

Preview

> **PREREQUISITE:** Load the following skills to execute this recipe: `kraken-spot-execution`, `kraken-futures-trading`, `kraken-futures-risk`

SKILL.md

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Last CommitMar 6, 2026

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Hedge Spot with Futures

PREREQUISITE: Load the following skills to execute this recipe: kraken-spot-execution, kraken-futures-trading, kraken-futures-risk

Protect a spot BTC holding from downside by shorting an equivalent futures position.

CAUTION: This locks in current value but also caps upside. Futures margin requirements apply.

Steps

Check spot balance: kraken balance -o json 2>/dev/null
Get spot price: kraken ticker BTCUSD -o json 2>/dev/null
Get futures price: kraken futures ticker PF_XBTUSD -o json 2>/dev/null
Check futures margin availability: kraken futures accounts -o json 2>/dev/null
Calculate matching futures size: BTC_BAL=$(kraken balance -o json 2>/dev/null | jq -r '.XXBT // .XBT // "0"') and FUT_PRICE=$(kraken futures ticker PF_XBTUSD -o json 2>/dev/null | jq -r '.ticker.last')
Open short futures position (requires human approval): kraken futures order sell PF_XBTUSD $BTC_BAL --type limit --price $FUT_PRICE -o json 2>/dev/null
Verify the position: kraken futures positions -o json 2>/dev/null
Enable dead man's switch: kraken futures cancel-after 3600 -o json 2>/dev/null
Monitor margin: kraken futures accounts -o json 2>/dev/null
To remove hedge, close futures: kraken futures order buy PF_XBTUSD $BTC_BAL --reduce-only -o json 2>/dev/null