Agent skill

Kraken Basis Trading

by krakenfx in krakenfx/kraken-cli

Capture the spot-futures price spread with delta-neutral basis trades.

MITAuto-check passedBusiness, Finance & HR

Install Kraken Basis Trading

skills CLI
$ npx skills add krakenfx/kraken-cli --skill kraken-basis-trading -a claude-code

Project install by default; add -g for ~/.claude/skills/.

GitHub CLI
$ gh skill install krakenfx/kraken-cli kraken-basis-trading --agent claude-code

Project scope by default; add --scope user for a personal install. Needs GitHub CLI 2.90.0 or later (public preview).

Manual copy
$ git clone --depth 1 https://github.com/krakenfx/kraken-cli.git skills-src && mkdir -p .claude/skills && cp -r skills-src/skills/kraken-basis-trading .claude/skills/kraken-basis-trading && rm -rf skills-src

Use ~/.claude/skills/ instead of .claude/skills for a personal install. The folder must contain SKILL.md.

Claude Code skills documentation · loads skills from .claude/skills/

Facts

Skill name
kraken-basis-trading
GitHub stars
751
Token cost
~802 tokens
SKILL.md length
301 words
Files
1
Skills in repo
59
Repo updated
First seen
Licence
MIT

At a glance

Capture the spot-futures price spread with delta-neutral basis trades.

  • Works in 4 steps: Check spot price and futures price. → Ensure the basis is attractive (e.g., >… → Calculate matched position sizes. → …
  • Tasks that involve Trading and backtesting
  • SKILL.md covers Core Concept, Basis Calculation, Entry (Long Spot + Short… and Monitoring, plus 3 more sections
  • Calls jq

What it does

Kraken Basis Trading is an agent skill from krakenfx/kraken-cli. Capture the spot-futures price spread with delta-neutral basis trades.

Its SKILL.md is about 800 tokens, which your agent loads only when the skill is triggered. It is a single SKILL.md file with no bundled scripts.

It sits in Business, Finance & HR, covering Trading and backtesting. The repository describes itself as: The first AI-native CLI for trading crypto, stocks, forex, and derivatives. The licence is MIT.

When your agent uses it

  • Tasks that involve Trading and backtesting

Example prompts

  • “/kraken-basis-trading”

Workflow steps

4 steps, taken from the first numbered list in SKILL.md.

  1. Check spot price and futures price.
  2. Ensure the basis is attractive (e.g., > 0.5% annualized).
  3. Calculate matched position sizes.
  4. Execute both legs (requires human approval)

What it can do on your machine

Read from SKILL.md and the folder at commit aa56e59. It shows what the files ask for, not the result of running them.

  • Tool permissions

    Pre-approves nothing: there is no allowed-tools line, so your agent's usual permission prompts apply.

    From allowed-tools in the SKILL.md frontmatter.

  • Runs code

    Shell commands in SKILL.md call:

    • jq

    From the folder's file list and the shell code blocks in SKILL.md.

  • Network

    No URLs in SKILL.md.

    From URLs in SKILL.md, links to its own repository left out.

  • Credentials

    Names no API keys, tokens, secrets or passwords.

    From names ending in _API_KEY, _TOKEN, _SECRET, _KEY or _PASSWORD in SKILL.md.

Context cost

Kraken Basis Trading loads about 802 tokens when it runs. Until then it costs about 23 tokens; SKILL.md has 301 words of instructions outside code blocks.

Always · name and description, kept in context so the agent knows when to use it
~23
When it runs · the whole SKILL.md, loaded when a task matches
~802

Estimates: characters ÷ 4, the usual rule of thumb; real counts depend on the model's tokenizer. Scripts and assets cost tokens only if the agent reads them.

Safety

Auto-check passed

The automated check found no risky patterns in SKILL.md.

Automated static check — not a guarantee. Review scripts before installing. It scans the text of SKILL.md for risky patterns (piping downloads into a shell, reading credential files, hidden Unicode, destructive commands); files beside SKILL.md are not scanned.

SKILL.md

The full file from krakenfx/kraken-cli at commit aa56e59, republished under its MIT licence (© krakenfx). 301 words, ~802 tokens.

Download SKILL.mdSave it as .claude/skills/kraken-basis-trading/SKILL.md (or your agent's skills folder).
name
kraken-basis-trading
description
Capture the spot-futures price spread with delta-neutral basis trades.
version
1.0.0

kraken-basis-trading

Use this skill for:

  • identifying positive basis (futures premium over spot)
  • entering delta-neutral positions (long spot, short futures)
  • monitoring basis convergence
  • closing both legs when basis narrows or contracts expire

Core Concept

When futures trade at a premium to spot (positive basis), you can buy spot and sell futures for the same notional amount. The profit comes from basis convergence as the contract approaches expiry, or from collecting funding on perpetuals. The position is market-neutral: price movement does not affect P&L, only the spread does.

Basis Calculation

bash
SPOT=$(kraken ticker BTCUSD -o json 2>/dev/null | jq -r '.[].last_price')
FUTURES=$(kraken futures ticker PF_XBTUSD -o json 2>/dev/null | jq -r '.ticker.last')
BASIS=$(echo "scale=4; ($FUTURES - $SPOT) / $SPOT * 100" | bc)
echo "Basis: ${BASIS}%"

A positive basis means futures are more expensive than spot (contango). A negative basis means futures are cheaper (backwardation).

Entry (Long Spot + Short Futures)

  1. Check spot price and futures price.
  2. Ensure the basis is attractive (e.g., > 0.5% annualized).
  3. Calculate matched position sizes.
  4. Execute both legs (requires human approval):
bash
# Long spot
kraken order buy BTCUSD 0.01 --type limit --price $SPOT -o json 2>/dev/null

# Short futures (matched notional)
kraken futures order sell PF_XBTUSD 1 --type limit --price $FUTURES -o json 2>/dev/null

Monitoring

Watch basis convergence:

bash
# Periodic check
kraken ticker BTCUSD -o json 2>/dev/null
kraken futures ticker PF_XBTUSD -o json 2>/dev/null

Check positions:

bash
kraken balance -o json 2>/dev/null
kraken futures positions -o json 2>/dev/null

Exit

Close both legs when basis narrows to target:

bash
# Sell spot
kraken order sell BTCUSD 0.01 --type market -o json 2>/dev/null

# Close futures short
kraken futures order buy PF_XBTUSD 1 --reduce-only -o json 2>/dev/null

Risk Considerations

  • Execution risk: legs may fill at different times. The basis can move between fills.
  • Funding risk: on perpetuals, negative funding rates mean the short pays the long, eating into profit.
  • Margin risk: a sharp spot rally increases margin requirement on the short futures leg.
  • Leg risk: if one leg fails to fill, the position is directional, not neutral.

Hard Rules

  • Never enter a basis trade without confirming both legs will execute.
  • Monitor futures margin continuously; a large spot rally can trigger liquidation on the short.
  • Close both legs together; leaving one open converts to a directional bet.
  • Requires human approval for all live entries and exits.
  • 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.

© krakenfx, MIT. Rendered from Markdown: HTML in the file is shown as text, images as links, and headings moved down two levels. Raw file

Files

Just SKILL.md in skills/kraken-basis-trading of krakenfx/kraken-cli.

Open the folder on GitHubat commit aa56e59

Compare with similar skills

Kraken Basis Trading next to the 5 skills that share the most tags, products or categories with it. Stars are the repository's; “used in” counts other GitHub owners with a copy.

Kraken Basis Trading compared with similar skills
SkillStarsUsed inTokensAuto-checkLicenceRepo updated
Kraken Basis Trading this skillkrakenfx/kraken-cli751—~802Automated safety check: PassMIT
Tushare Datazillionare/zillionare3222 repos~2.3kAutomated safety check: PassNone
Tradingview MCPatilaahmettaner/tradingview-mcp5k—~1.3kAutomated safety check: PassMIT
Digital Oraclekomako-workshop/digital-oracle878—~5.9kAutomated safety check: PassMIT
Polyclawchainstacklabs/polyclaw3591 repos~2kAutomated safety check: PassApache-2.0
Markdownfacioquo/stock-indicators-dotnet1.2k—~812Automated safety check: PassApache-2.0

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Questions about Kraken Basis Trading

What does Kraken Basis Trading do?

Capture the spot-futures price spread with delta-neutral basis trades. Kraken Basis Trading is an agent skill from krakenfx/kraken-cli. Capture the spot-futures price spread with delta-neutral basis trades.

When should I use Kraken Basis Trading?

Kraken Basis Trading fits situations like: tasks that involve Trading and backtesting.

How do I install Kraken Basis Trading in Claude Code?

Run `npx skills add krakenfx/kraken-cli --skill kraken-basis-trading -a claude-code`. Or copy the skill folder (skills/kraken-basis-trading in krakenfx/kraken-cli) into .claude/skills/kraken-basis-trading in your project. Claude Code loads it when a task matches its description.

How do I install Kraken Basis Trading in Codex?

Run `npx skills add krakenfx/kraken-cli --skill kraken-basis-trading -a codex`. Or copy the skill folder (skills/kraken-basis-trading in krakenfx/kraken-cli) into .agents/skills/kraken-basis-trading in your project. Codex loads it when a task matches its description.

Can I use Kraken Basis Trading in Cursor, Gemini CLI or GitHub Copilot?

Cursor, Gemini CLI, GitHub Copilot and OpenCode also load SKILL.md folders. With the skills CLI, run `npx skills add krakenfx/kraken-cli --skill kraken-basis-trading -a cursor` (or -a gemini-cli, github-copilot or opencode for the others). To copy it by hand, put the folder in .cursor/skills/kraken-basis-trading, .gemini/skills/kraken-basis-trading, .github/skills/kraken-basis-trading and .opencode/skills/kraken-basis-trading in your project.

What does Kraken Basis Trading need to run?

Going by SKILL.md and its folder, Kraken Basis Trading needs the command-line tools its instructions call (jq).

Does Kraken Basis Trading access the network?

SKILL.md contains no URLs. Any network use would come from the scripts or tools the agent runs. This is read from the text; nothing was executed.

Is Kraken Basis Trading safe to install?

Our automated static check of SKILL.md found no risky patterns, such as piping downloads into a shell, reading credential files or hidden Unicode. It is not a guarantee. Review the folder before installing.

What licence does Kraken Basis Trading use?

Kraken Basis Trading is published under the MIT licence (the repository's licence). It allows redistribution, so the full SKILL.md is shown on this page.

How many tokens does Kraken Basis Trading use?

About 802 tokens (SKILL.md is roughly 3.2k characters). Agents keep only the skill's name and description in context until a task matches; then they load SKILL.md in full.

What are the alternatives to Kraken Basis Trading?

Skills that share tags, products or a category with Kraken Basis Trading: Tushare Data (zillionare/zillionare, 322 stars), Tradingview MCP (atilaahmettaner/tradingview-mcp, 5k stars), Digital Oracle (komako-workshop/digital-oracle, 878 stars) and Polyclaw (chainstacklabs/polyclaw, 359 stars). The comparison table on this page puts their stars, adoption, token cost, safety result and licence side by side.

Who maintains Kraken Basis Trading?

krakenfx (a GitHub organization) maintains it in krakenfx/kraken-cli, which has 751 GitHub stars. The repository holds 59 skills in this directory. The repository was last updated on August 7, 2026.

Source: krakenfx/kraken-cli on GitHub. Facts on this page come from the repository at the commit we read; the author's words are quoted as theirs.