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Use Kraken Futures’ Open Orders and Conditional Orders views to reconcile unfilled orders, edit price or quantity, cancel individual or all orders, and configure trigger-based exits. To close a position, submit the opposite side: sell against a long or buy against a short. Match the position quantity for a full close, or submit less for a staged reduction.
The exact layout differs between single-collateral and multi-collateral derivatives and between the web interface and Kraken Pro app. The controls below follow Kraken’s current support terminology; always confirm which tab or section is active before changing an order.
Find every outstanding order first
Start by checking both order areas. A limit order resting on the book is listed under Open Orders. Stop-loss and take-profit instructions are listed under Conditional Orders. Looking at only one of these sections can make an account appear clear while a trigger order remains armed.
On the web interface
- Open Kraken Futures or Kraken Derivatives and select the relevant trading account or contract.
- Open the order-management panel and select Open Orders to see unfilled and partially filled orders.
- Switch to Conditional Orders to inspect stop-loss, take-profit, and other trigger-based orders.
- Check the position view separately. An open position is exposure, not an order waiting on the book, so it will not disappear merely because the Open Orders list is empty.
Single-collateral documentation uses these two sections explicitly. Multi-collateral documentation describes the same Open Orders and Conditional Orders areas on the web.
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In the Kraken Pro app
The multi-collateral guide also documents order management in the Kraken Pro app. Open the contract or derivatives account, go to its orders area, and review the open and conditional order lists. App labels and placement can change with releases, so use the order row’s available actions rather than assuming the web layout is identical.
What to record while reconciling
- Contract and direction: long-side or short-side exposure.
- Order type and side: for example, a sell limit or a buy stop.
- Remaining quantity after any partial fill.
- Limit price or trigger price, plus the selected trigger reference where shown.
- Whether reduce-only, post-only, or immediate-or-cancel (IOC) is enabled.
- Whether a conditional order belongs to a bracket attached to a primary order or an existing position.
Take a fresh look after every edit or cancellation. A partially filled order can leave both a smaller resting order and a changed position.
Edit an order or replace it?
Kraken’s single-collateral instructions allow unfilled and partially filled orders to be edited or canceled. For open limit and trigger orders, the stated editable fields are the price or trigger price and quantity. Changing the order type or the trigger signal is a different operation: cancel the existing order and submit a new one with the desired settings.
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- In Open Orders or Conditional Orders, locate the order row.
- Choose the row’s edit control.
- Change only the supported field: limit price, trigger price, or quantity.
- Review the side, contract, time-in-force and safety flags shown in the confirmation.
- Submit the edit and verify that the revised row appears in the list.
An edit is not behavior-neutral. Changing a limit price can make the order marketable immediately. If post-only is active, Kraken may cancel or reject the edit instead of allowing an immediate execution. Check the order list and fills after submitting the change.
When cancel-and-resubmit is required
Use cancel-and-resubmit when you need to change an order type or its trigger signal. For example, changing a stop that uses mark price to one that uses last price is not the same as editing its numeric trigger; cancel the old instruction and create a new one if that signal is available for the new order type.
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- Cancel the existing order and confirm that it no longer appears as active.
- Create a replacement with the intended order type, quantity, price or trigger, and trigger reference.
- Reapply any required reduce-only, post-only, or IOC setting.
- Check both the order list and position view for unintended exposure while the replacement is being submitted.
Cancel one order or all orders
Cancel a single order
- Open Open Orders for a resting limit order or Conditional Orders for a trigger order.
- Use the cancel control on the relevant row.
- Confirm the cancellation if Kraken displays a confirmation prompt.
- Refresh or revisit the list and verify that the order is gone or marked canceled.
Canceling an order removes the instruction; it does not close an already open position created by an earlier fill. Check the position panel after canceling.
Cancel all
Kraken’s guide also describes a Cancel All control. Treat it as an immediate bulk action. Before selecting it, decide whether conditional exits should also be removed, then verify the remaining Open Orders and Conditional Orders lists afterward. If a position remains without protection, create the intended exit rather than assuming a canceled order closed it.
Close or reduce an open position
Futures positions close through an order in the opposite direction. A sell order reduces a long; a buy order reduces a short. Use the same quantity as the position for a full close, or a smaller quantity for a partial reduction.
Full close
- Open the position view and identify the contract, side, and current quantity.
- Choose the position’s close action, which provides a way to submit a market or limit close.
- For a long, select Sell; for a short, select Buy.
- Enter the quantity you want to close. For a complete exit, use the current position quantity.
- Choose market for immediacy or limit for price control, then submit.
- Confirm that the position quantity is zero or that any unfilled remainder is visible as an order.
Partial reduction
Use the same opposite-side process with a smaller quantity. The position view should show the reduced size after fills. If the closing order is a limit order, an unfilled remainder can leave the position open; monitor both the order and position panels.
Using reduce-only for protection
Enable reduce-only when the order must only shrink an existing position. Kraken states that an oversized reduce-only order is automatically reduced to match the position size. This prevents the close order from adding exposure or reversing the position when the requested amount is larger than what remains. Reduce-only does not guarantee a fill: market conditions, available liquidity, order constraints, or margin conditions can still leave it partially filled or unfilled.
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Set take-profit and stop-loss exits
Kraken’s bracket feature combines a primary market or limit order with take-profit (TP) and stop-loss (SL) exits. It can be configured when placing the primary order and can also be applied to an existing position.
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- Start a market or limit order for the intended position.
- Open the TP/SL or bracket settings in the order ticket.
- Enter the take-profit and/or stop-loss trigger details offered for that order type.
- Choose the exit quantity. Advanced settings allow an exit for the entire position or a partial quantity.
- Review whether the exits are market or limit instructions and check the selected trigger reference where displayed.
- Submit the primary order and verify that the associated conditional exits appear in Conditional Orders.
A primary order with reduce-only enabled cannot have TP/SL added through this bracket feature. In that case, create the position-reducing exit instructions separately using the controls available for the account.
Apply TP/SL to an existing position
- Open the position row for the contract you already hold.
- Select the action to apply TP/SL to the existing position.
- Choose an entire-position exit or configure a partial exit in the advanced settings.
- Enter the TP and SL parameters, review the side and quantity, and submit.
- Confirm that the resulting conditional orders are listed and that their quantities match the protection you intended.
Understand the one-cancels-the-other behavior
If both a take-profit and a stop-loss are set, Kraken states: “If you place both a Take profit and a Stop loss: when one is triggered it’ll automatically cancel the other order.” This OCO behavior prevents the paired exit from remaining active after the position has been exited by its counterpart. It does not guarantee that the first triggered order will fill completely.
Choose the right execution controls
The following controls answer different questions: how much price control you want, whether an order may add exposure, whether it should rest on the book, and what price reference activates a trigger.
| Control | What it does | Operational trade-off |
|---|---|---|
| Market order | Attempts to execute against available liquidity without specifying a resting limit price. | Prioritizes execution over price control; fills can still be partial or absent under Kraken’s execution protections. |
| Limit order | Specifies the price at which the order may execute and can rest in Open Orders. | Provides price control but may remain unfilled. |
| Reduce-only | Allows execution only when it reduces an existing position; an oversized request is automatically reduced to the position size. | Helps prevent an accidental increase or reversal, but does not ensure execution. |
| Post-only | Requires a limit order to rest rather than execute immediately. | Kraken says the order is canceled or rejected if it would execute immediately, including after an edit. |
| Immediate-or-cancel (IOC) | Executes immediately against available quantity and cancels any remainder. | It will not leave an unfilled balance resting on the book. |
| Trigger reference | Uses mark price, last price, or index price where the order type offers that choice. | The activation reference changes when the conditional instruction is sent; check the selected signal before submission. |
Mark, last, and index price triggers
Kraken’s derivatives order guide describes mark price, last price, and index price as possible trigger choices, with availability depending on the order type. Mark price is also used to value positions and determine liquidations according to Kraken’s documentation. A trigger based on one reference is not interchangeable with a trigger based on another, so record the selected signal when reviewing a conditional order.
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What a trigger does—and does not—guarantee
A stop or other conditional order is an instruction to submit or activate an order when its condition is met, not a promise of an exit at the trigger price. Kraken notes that market or trigger orders may be partially filled or unfilled under its execution protections. A triggered order can also be rejected for insufficient margin.
- Trigger reached, no fill: Check whether the order is still active, partially filled, or rejected; review available margin and the order’s quantity.
- Unexpected partial fill: Compare the remaining order quantity with the current position. A partial exit can leave both a smaller conditional order and residual exposure.
- Stop did not activate when expected: Confirm whether the order uses mark, last, or index price. The chart price you are watching may not be the configured trigger reference.
- Limit close is still open: A limit order can remain in Open Orders until the market reaches its price. Use a market close if immediacy is more important than price control, subject to the same execution caveats.
A practical reconciliation routine
Use this sequence whenever you return to a leveraged account, before changing an order, or after a volatile move:
- Read the position panel and note each contract, side, and quantity.
- Inspect Open Orders for resting limit orders and partially filled remnants.
- Inspect Conditional Orders for TP, SL, and other trigger instructions.
- For every intended close, confirm that the order side is opposite the position and that the quantity is full-close or partial-reduction size.
- Apply reduce-only when the order must never increase or reverse exposure.
- Before editing a limit price, check post-only status because the edit may execute immediately or be rejected.
- If the order type or trigger signal is wrong, cancel and resubmit rather than trying to edit an unsupported field.
- After every action, verify the order list, fills, and position quantity together.
Common mistakes and their fixes
Looking only at Open Orders
TP and SL instructions can be in Conditional Orders. Check both sections when you are trying to account for every active instruction.
Assuming canceling an order closes the position
Cancellation removes an unfilled instruction. A position created by an earlier fill requires an opposite-side close order.
Using the same side to close
To reduce a long, sell. To reduce a short, buy. A same-side order can add exposure instead of closing it; use reduce-only when the order must be restricted to reduction.
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Requesting more than the position size
A reduce-only order is automatically reduced to the position size according to Kraken. Without that safeguard, verify the requested quantity carefully to avoid creating unintended exposure.
Treating a stop price as a guaranteed fill price
Trigger activation and execution are separate events. Review fills and remaining quantity after activation, and maintain sufficient margin for the triggered order to be accepted.
Editing when a replacement is needed
Price and quantity edits do not change the order type or trigger signal. Cancel the old order and submit a new one for those changes.
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The underlying tasks are the same across Kraken’s web and Kraken Pro app interfaces: review orders, manage conditional instructions, and act on positions. The multi-collateral documentation specifically covers app order management, while the web guides describe the Open Orders and Conditional Orders sections. Button placement, confirmation dialogs, and the way a position’s close action opens an order ticket may differ by platform version. Follow the labels shown for the selected contract and verify the resulting order in the list rather than relying on a remembered screen location.
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