recipe-futures-hedge-spot

name	recipe-futures-hedge-spot
version	1.0.0
description	Hedge a spot holding with a short futures position to lock in value.
metadata	{"openclaw":{"category":"recipe","domain":"strategy"},"requires":{"bins":["kraken"],"skills":["kraken-spot-execution","kraken-futures-trading","kraken-futures-risk"]}}

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

1. Check spot balance: kraken balance -o json 2>/dev/null
2. Get spot price: kraken ticker BTCUSD -o json 2>/dev/null
3. Get futures price: kraken futures ticker PF_XBTUSD -o json 2>/dev/null
4. Check futures margin availability: kraken futures accounts -o json 2>/dev/null
5. 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')
6. 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
7. Verify the position: kraken futures positions -o json 2>/dev/null
8. Enable dead man's switch: kraken futures cancel-after 3600 -o json 2>/dev/null
9. Monitor margin: kraken futures accounts -o json 2>/dev/null
10. To remove hedge, close futures: kraken futures order buy PF_XBTUSD $BTC_BAL --reduce-only -o json 2>/dev/null