---
name: kraken-funding-carry-c4c95af08168
version: 1.0.0
description: "Earn funding rate payments by positioning on the paying side of perpetuals."
metadata:
  openclaw:
    category: "finance"
  requires:
    bins: ["kraken"]
    skills: ["kraken-futures-trading", "kraken-futures-risk"]
---

# kraken-funding-carry

Use this skill for:
- scanning funding rates across perpetual contracts
- identifying carry opportunities (collect funding by being on the receiving side)
- entering hedged carry positions (spot hedge + futures position)
- monitoring ongoing carry yield

## Core Concept

Perpetual futures charge periodic funding payments between longs and shorts. When the funding rate is positive, longs pay shorts. When negative, shorts pay longs. A carry strategy positions on the receiving side and hedges with spot to remain market-neutral.

## Scan Funding Rates

```bash
kraken futures historical-funding-rates PF_XBTUSD -o json 2>/dev/null
kraken futures historical-funding-rates PF_ETHUSD -o json 2>/dev/null
```

Compare rates across contracts to find the highest yield.

## Carry Entry (Positive Funding)

When funding is positive (longs pay shorts):
1. Short the perpetual.
2. Buy spot as a hedge.

```bash
# Hedge: buy spot
kraken order buy BTCUSD 0.01 --type market -o json 2>/dev/null

# Carry: short perpetual (collect funding)
kraken futures order sell PF_XBTUSD 1 -o json 2>/dev/null
```

## Carry Entry (Negative Funding)

When funding is negative (shorts pay longs):
1. Long the perpetual.
2. Sell spot as a hedge (or skip hedge if already holding).

```bash
# Carry: long perpetual (collect funding)
kraken futures order buy PF_XBTUSD 1 -o json 2>/dev/null

# Hedge: sell spot
kraken order sell BTCUSD 0.01 --type market -o json 2>/dev/null
```

## Yield Calculation

Annualized yield = funding_rate * funding_periods_per_year * 100.

Kraken funding periods are typically every 4 or 8 hours (varies by contract). Check contract specs:

```bash
kraken futures instruments -o json 2>/dev/null
```

## Monitoring

Track funding accrual:

```bash
kraken futures accounts -o json 2>/dev/null
```

The `unrealizedFunding` field shows accumulated but unsettled funding.

Watch for funding rate flips:

```bash
kraken futures historical-funding-rates PF_XBTUSD -o json 2>/dev/null
```

If the rate flips direction, the position switches from collecting to paying. Exit or reverse.

## Exit

Close both legs when carry becomes unprofitable:

```bash
kraken futures order buy PF_XBTUSD 1 --reduce-only -o json 2>/dev/null
kraken order sell BTCUSD 0.01 --type market -o json 2>/dev/null
```

## Hard Rules

- Always hedge carry positions to avoid directional exposure.
- Monitor funding rates continuously; a flip turns profit into loss.
- Monitor margin on the futures leg; price moves require margin even when hedged.
- Requires human approval for all 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`.


---
Source attribution: jiayaoqijia
Original project: https://github.com/jiayaoqijia/cryptoskill/blob/bcc0d208deaa4f1f80aa0df7ca26c4bed6318918/skills/exchanges/kraken-official-funding-carry/SKILL.md
License: MIT
License information: https://opensource.org/license/mit
Original upstream instructions; downloaded from Dave AI.

## 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.



# Dave AI resource metadata

Creator / publisher: jiayaoqijia
Original project: https://github.com/jiayaoqijia/cryptoskill/blob/bcc0d208deaa4f1f80aa0df7ca26c4bed6318918/skills/exchanges/kraken-official-funding-carry/SKILL.md
Attribution basis: Source repository record

Fields of work: Finance & Accounting
Roles: Accountant, CFO / FP&A, Financial Analyst
Specialties: API
Tools: Kraken
Country applicability: Country not specified
Classification basis: Source catalog labels
Instruction SHA-256: dca145d4e2861b23e0c238ba5df98af02738558eaef0fdff9baafa6ba30bac66