perp-cli 0.3.15 → 0.3.16

This diff represents the content of publicly available package versions that have been released to one of the supported registries. The information contained in this diff is provided for informational purposes only and reflects changes between package versions as they appear in their respective public registries.
@@ -1,5 +1,5 @@
1
1
  import { describe, it, expect } from "vitest";
2
- import { assessRisk, preTradeCheck, calcLiquidationDistance, getLiquidationDistances, effectiveLimit, LIQUIDATION_DISTANCE_HARD_CAP } from "../risk.js";
2
+ import { assessRisk, preTradeCheck, calcLiquidationDistance, getLiquidationDistances, effectiveLimit } from "../risk.js";
3
3
  const defaultLimits = {
4
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  maxDrawdownUsd: 500,
5
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  maxPositionUsd: 5000,
@@ -186,13 +186,13 @@ describe("getLiquidationDistances", () => {
186
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  it("should assign correct status based on limits", () => {
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  const limits = { ...defaultLimits, minLiquidationDistance: 30 };
188
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  const positions = [
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- { exchange: "a", position: makePosition("A", "long", 1, 100, 2, 0, "85") }, // 15% → critical (< 20% hard cap)
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+ { exchange: "a", position: makePosition("A", "long", 1, 100, 2, 0, "85") }, // 15% → danger (< 30% user limit)
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  { exchange: "b", position: makePosition("B", "long", 1, 100, 2, 0, "78") }, // 22% → danger (< 30% user limit)
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  { exchange: "c", position: makePosition("C", "long", 1, 100, 2, 0, "65") }, // 35% → warning (< 30% * 1.5 = 45%)
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  { exchange: "d", position: makePosition("D", "long", 1, 100, 2, 0, "40") }, // 60% → safe
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  ];
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  const distances = getLiquidationDistances(positions, limits);
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- expect(distances.find(d => d.symbol === "A").status).toBe("critical");
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+ expect(distances.find(d => d.symbol === "A").status).toBe("danger");
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  expect(distances.find(d => d.symbol === "B").status).toBe("danger");
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  expect(distances.find(d => d.symbol === "C").status).toBe("warning");
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  expect(distances.find(d => d.symbol === "D").status).toBe("safe");
@@ -209,30 +209,18 @@ describe("getLiquidationDistances", () => {
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  });
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  });
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  describe("Liquidation Distance in assessRisk", () => {
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- it("should add critical violation when position is below hard cap (20%)", () => {
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+ it("should add violation when position is below user limit", () => {
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  const balances = [{ exchange: "test", balance: makeBalance(10000, 8000, 2000, 0) }];
214
- // BTC long at $100000, liq at $90000 → 10% distance (below 20% hard cap)
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+ // BTC long at $100000, liq at $90000 → 10% distance (below 30% user limit)
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  const positions = [{ exchange: "test", position: makePosition("BTC", "long", 0.01, 100000, 10, 0, "90000") }];
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  const result = assessRisk(balances, positions, defaultLimits);
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- expect(result.violations.some(v => v.rule === "liquidation_distance_hard_cap")).toBe(true);
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- expect(result.level).toBe("critical");
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- expect(result.canTrade).toBe(false);
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- });
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- it("should add high violation when below user limit but above hard cap", () => {
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- const limits = { ...defaultLimits, minLiquidationDistance: 30 };
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- const balances = [{ exchange: "test", balance: makeBalance(10000, 8000, 2000, 0) }];
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- // BTC long at $100000, liq at $75000 → 25% distance (above 20% hard cap, below 30% user limit)
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- const positions = [{ exchange: "test", position: makePosition("BTC", "long", 0.01, 100000, 4, 0, "75000") }];
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- const result = assessRisk(balances, positions, limits);
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  expect(result.violations.some(v => v.rule === "min_liquidation_distance")).toBe(true);
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- expect(result.violations.some(v => v.rule === "liquidation_distance_hard_cap")).toBe(false);
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  });
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  it("should not add violation when distance is above user limit", () => {
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  const balances = [{ exchange: "test", balance: makeBalance(10000, 8000, 2000, 0) }];
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  // BTC long at $100000, liq at $50000 → 50% distance (safe)
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  const positions = [{ exchange: "test", position: makePosition("BTC", "long", 0.01, 100000, 2, 0, "50000") }];
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  const result = assessRisk(balances, positions, defaultLimits);
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- expect(result.violations.some(v => v.rule === "liquidation_distance_hard_cap")).toBe(false);
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  expect(result.violations.some(v => v.rule === "min_liquidation_distance")).toBe(false);
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  });
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  it("should report minLiquidationDistancePct in metrics", () => {
@@ -259,11 +247,6 @@ describe("Liquidation Distance in assessRisk", () => {
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  expect(result.liquidationDistances[0].status).toBe("safe");
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  });
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  });
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- describe("LIQUIDATION_DISTANCE_HARD_CAP", () => {
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- it("should be 20", () => {
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- expect(LIQUIDATION_DISTANCE_HARD_CAP).toBe(20);
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- });
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- });
267
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  describe("Percentage-based Risk Limits", () => {
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  it("effectiveLimit should return min of USD and pct-of-equity", () => {
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  expect(effectiveLimit(500, 10, 1000)).toBe(100); // 10% of $1000 = $100 < $500
@@ -1,5 +1,6 @@
1
1
  import chalk from "chalk";
2
2
  import { formatUsd, printJson, jsonOk } from "../utils.js";
3
+ import { computeExecutableSize } from "../liquidity.js";
3
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  import { computeAnnualSpread, toHourlyRate } from "../funding.js";
4
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  import { fetchPacificaPricesRaw, parsePacificaRaw, fetchHyperliquidMetaRaw, parseHyperliquidMetaRaw, fetchLighterOrderBookDetailsRaw, fetchLighterFundingRatesRaw, parseLighterRaw, } from "../shared-api.js";
5
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  import { scanDexArb } from "../dex-asset-map.js";
@@ -729,6 +730,7 @@ export function registerArbAutoCommands(program, getAdapterForExchange, isJson,
729
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  .command("scan")
730
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  .description("Scan current funding rate spreads")
731
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  .option("--min <pct>", "Min annual spread to show", "10")
733
+ .option("--top <n>", "Return only top N results (for JSON output)")
732
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  .option("--hold-days <days>", "Expected hold period for cost calc", "7")
733
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  .option("--bridge-cost <usd>", "One-way bridge cost in USD", "0.5")
734
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  .option("--size <usd>", "Position size per leg ($) for cost calc", "100")
@@ -742,12 +744,14 @@ export function registerArbAutoCommands(program, getAdapterForExchange, isJson,
742
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  const spreads = await fetchFundingSpreads();
743
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  const filtered = spreads.filter(s => Math.abs(s.spread) >= minSpread);
744
746
  if (isJson()) {
745
- const enriched = filtered.map(s => {
747
+ let enriched = filtered.map(s => {
746
748
  const grossSpread = Math.abs(s.spread);
747
749
  const rtCost = computeRoundTripCostPct(s.longExch, s.shortExch);
748
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  const net = computeNetSpread(grossSpread, holdDays, rtCost, bridgeCostUsd, sizeUsd);
749
- return { ...s, grossSpread, netSpread: net, estFeesPct: rtCost };
750
- });
751
+ return { symbol: s.symbol, longExch: s.longExch, shortExch: s.shortExch, markPrice: s.markPrice, grossSpread, netSpread: net, estFeesPct: rtCost };
752
+ }).sort((a, b) => b.netSpread - a.netSpread);
753
+ if (opts.top)
754
+ enriched = enriched.slice(0, parseInt(opts.top));
751
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  return printJson(jsonOk(enriched));
752
756
  }
753
757
  if (filtered.length === 0) {
@@ -783,6 +787,221 @@ export function registerArbAutoCommands(program, getAdapterForExchange, isJson,
783
787
  console.log(chalk.gray(` * Spreads are estimates based on current rates — actual may vary`));
784
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  console.log(chalk.gray(` Use 'perp arb auto --min-spread ${minSpread}' to auto-trade\n`));
785
789
  });
790
+ // ── arb exec ── (validate orderbook + simultaneous dual-leg entry)
791
+ arb
792
+ .command("exec")
793
+ .description("Execute arb: validate orderbook depth on both exchanges, then enter both legs simultaneously")
794
+ .argument("<symbol>", "Symbol (e.g. BTC, ETH, ICP)")
795
+ .argument("<longExch>", "Exchange to go LONG on (hl, pac, lighter)")
796
+ .argument("<shortExch>", "Exchange to go SHORT on (hl, pac, lighter)")
797
+ .argument("<sizeUsd>", "Position size per leg in USD")
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+ .option("--max-slippage <pct>", "Max slippage % per leg", "0.5")
799
+ .option("--leverage <n>", "Set leverage before entry (both exchanges)")
800
+ .option("--isolated", "Use isolated margin mode")
801
+ .action(async (symbol, longExch, shortExch, sizeUsdStr, opts) => {
802
+ const sym = symbol.toUpperCase();
803
+ const sizeUsd = parseFloat(sizeUsdStr);
804
+ const maxSlippage = parseFloat(opts.maxSlippage);
805
+ // Resolve exchange aliases
806
+ const aliasMap = { hl: "hyperliquid", pac: "pacifica", lt: "lighter" };
807
+ longExch = aliasMap[longExch.toLowerCase()] || longExch.toLowerCase();
808
+ shortExch = aliasMap[shortExch.toLowerCase()] || shortExch.toLowerCase();
809
+ if (longExch === shortExch) {
810
+ if (isJson())
811
+ return printJson(jsonOk({ error: "longExch and shortExch must be different" }));
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+ console.log(chalk.red(" Long and short exchange must be different."));
813
+ return;
814
+ }
815
+ const longAdapter = await getAdapterForExchange(longExch);
816
+ const shortAdapter = await getAdapterForExchange(shortExch);
817
+ // 1. Set leverage if requested
818
+ if (opts.leverage) {
819
+ const lev = parseInt(opts.leverage);
820
+ const mode = opts.isolated ? "isolated" : "cross";
821
+ if (!isJson())
822
+ console.log(chalk.gray(` Setting leverage ${lev}x ${mode} on both exchanges...`));
823
+ const [longLev, shortLev] = await Promise.allSettled([
824
+ longAdapter.setLeverage(sym, lev, mode),
825
+ shortAdapter.setLeverage(sym, lev, mode),
826
+ ]);
827
+ if (longLev.status === "rejected") {
828
+ const msg = `Failed to set leverage on ${longExch}: ${longLev.reason instanceof Error ? longLev.reason.message : longLev.reason}`;
829
+ if (isJson())
830
+ return printJson(jsonOk({ error: msg }));
831
+ console.log(chalk.red(` ${msg}`));
832
+ return;
833
+ }
834
+ if (shortLev.status === "rejected") {
835
+ const msg = `Failed to set leverage on ${shortExch}: ${shortLev.reason instanceof Error ? shortLev.reason.message : shortLev.reason}`;
836
+ if (isJson())
837
+ return printJson(jsonOk({ error: msg }));
838
+ console.log(chalk.red(` ${msg}`));
839
+ return;
840
+ }
841
+ }
842
+ // 2. Fetch orderbooks simultaneously
843
+ if (!isJson())
844
+ console.log(chalk.gray(` Checking orderbook depth on both exchanges...`));
845
+ const [longBook, shortBook] = await Promise.all([
846
+ longAdapter.getOrderbook(sym),
847
+ shortAdapter.getOrderbook(sym),
848
+ ]);
849
+ // 3. Validate: long side buys from asks, short side sells into bids
850
+ const longCheck = computeExecutableSize(longBook.asks, sizeUsd, maxSlippage);
851
+ const shortCheck = computeExecutableSize(shortBook.bids, sizeUsd, maxSlippage);
852
+ const validation = {
853
+ long: { exchange: longExch, side: "buy", depthUsd: longCheck.depthUsd, canFill: longCheck.canFillFull, slippagePct: longCheck.slippagePct, maxSizeBase: longCheck.maxSize },
854
+ short: { exchange: shortExch, side: "sell", depthUsd: shortCheck.depthUsd, canFill: shortCheck.canFillFull, slippagePct: shortCheck.slippagePct, maxSizeBase: shortCheck.maxSize },
855
+ };
856
+ if (!longCheck.canFillFull || !shortCheck.canFillFull) {
857
+ // Use the smaller fillable amount
858
+ const fillableUsd = Math.min(longCheck.maxSize * longCheck.avgFillPrice, shortCheck.maxSize * shortCheck.avgFillPrice);
859
+ const result = {
860
+ error: "Insufficient orderbook depth",
861
+ requestedUsd: sizeUsd,
862
+ fillableUsd: Math.round(fillableUsd * 100) / 100,
863
+ validation,
864
+ };
865
+ if (isJson())
866
+ return printJson(jsonOk(result));
867
+ console.log(chalk.red(`\n Insufficient depth for $${sizeUsd}:`));
868
+ console.log(chalk.gray(` ${longExch} asks: $${longCheck.depthUsd.toFixed(0)} depth, ${longCheck.canFillFull ? "OK" : "NOT ENOUGH"}`));
869
+ console.log(chalk.gray(` ${shortExch} bids: $${shortCheck.depthUsd.toFixed(0)} depth, ${shortCheck.canFillFull ? "OK" : "NOT ENOUGH"}`));
870
+ console.log(chalk.yellow(` Max fillable: $${fillableUsd.toFixed(2)}\n`));
871
+ return;
872
+ }
873
+ // 4. Compute matched size in base asset (use the smaller side)
874
+ // Round down to each exchange's lot size (inferred from orderbook)
875
+ const inferDecimals = (levels) => {
876
+ for (const [, s] of levels) {
877
+ const dot = s.indexOf(".");
878
+ if (dot >= 0)
879
+ return s.length - dot - 1;
880
+ }
881
+ return 0;
882
+ };
883
+ const longDecimals = inferDecimals(longBook.asks);
884
+ const shortDecimals = inferDecimals(shortBook.bids);
885
+ const decimals = Math.min(longDecimals, shortDecimals);
886
+ const matchedBase = Math.min(longCheck.recommendedSize, shortCheck.recommendedSize);
887
+ const matchedSize = (Math.floor(matchedBase * 10 ** decimals) / 10 ** decimals).toFixed(decimals);
888
+ const avgPrice = (longCheck.avgFillPrice + shortCheck.avgFillPrice) / 2;
889
+ const matchedUsd = matchedBase * avgPrice;
890
+ if (!isJson()) {
891
+ console.log(chalk.cyan(`\n Arb Exec: ${sym}`));
892
+ console.log(chalk.gray(` LONG ${longExch}: buy ${matchedSize} (~$${(matchedBase * longCheck.avgFillPrice).toFixed(2)}, slippage ${longCheck.slippagePct.toFixed(3)}%)`));
893
+ console.log(chalk.gray(` SHORT ${shortExch}: sell ${matchedSize} (~$${(matchedBase * shortCheck.avgFillPrice).toFixed(2)}, slippage ${shortCheck.slippagePct.toFixed(3)}%)`));
894
+ console.log(chalk.gray(` Executing both legs simultaneously...\n`));
895
+ }
896
+ // 5. Execute both legs simultaneously
897
+ const [longResult, shortResult] = await Promise.allSettled([
898
+ longAdapter.marketOrder(sym, "buy", matchedSize),
899
+ shortAdapter.marketOrder(sym, "sell", matchedSize),
900
+ ]);
901
+ const longOk = longResult.status === "fulfilled";
902
+ const shortOk = shortResult.status === "fulfilled";
903
+ if (longOk && shortOk) {
904
+ // 6. Verify both positions actually exist (some exchanges return success but silently reject)
905
+ const [longPositions, shortPositions] = await Promise.all([
906
+ longAdapter.getPositions().catch(() => []),
907
+ shortAdapter.getPositions().catch(() => []),
908
+ ]);
909
+ const longPos = longPositions.find(p => p.symbol.toUpperCase().startsWith(sym));
910
+ const shortPos = shortPositions.find(p => p.symbol.toUpperCase().startsWith(sym));
911
+ if (!longPos && !shortPos) {
912
+ // Both silently rejected
913
+ const result = { status: "both_rejected", symbol: sym, size: matchedSize, message: "Both exchanges accepted order but no positions opened. Check min order size." };
914
+ if (isJson())
915
+ return printJson(jsonOk(result));
916
+ console.log(chalk.red(` Both orders accepted but no positions opened. Min order size not met?\n`));
917
+ return;
918
+ }
919
+ if (!longPos || !shortPos) {
920
+ // One side silently rejected — close the other
921
+ const openSide = longPos ? "long" : "short";
922
+ const openAdapter = longPos ? longAdapter : shortAdapter;
923
+ if (!isJson())
924
+ console.log(chalk.yellow(` ${openSide} opened but other side silently rejected — closing ${openSide}...`));
925
+ try {
926
+ await openAdapter.marketOrder(sym, longPos ? "sell" : "buy", matchedSize);
927
+ }
928
+ catch { /* best effort */ }
929
+ const result = { status: "silent_reject", symbol: sym, openedSide: openSide, closedSide: longPos ? "short" : "long", message: "One leg silently rejected (likely min order size). Rolled back." };
930
+ if (isJson())
931
+ return printJson(jsonOk(result));
932
+ console.log(chalk.yellow(` Rolled back ${openSide} leg. Check exchange min order sizes.\n`));
933
+ return;
934
+ }
935
+ logExecution({
936
+ type: "arb_entry", exchange: `${longExch}+${shortExch}`,
937
+ symbol: sym, side: "entry", size: matchedSize,
938
+ status: "success", dryRun: false,
939
+ meta: { longExch, shortExch, matchedUsd, longSlippage: longCheck.slippagePct, shortSlippage: shortCheck.slippagePct },
940
+ });
941
+ const result = {
942
+ status: "filled", symbol: sym, size: matchedSize, notionalUsd: Math.round(matchedUsd * 100) / 100,
943
+ long: { exchange: longExch, side: "buy", size: longPos.size, slippagePct: longCheck.slippagePct },
944
+ short: { exchange: shortExch, side: "sell", size: shortPos.size, slippagePct: shortCheck.slippagePct },
945
+ };
946
+ if (isJson())
947
+ return printJson(jsonOk(result));
948
+ console.log(chalk.green(` FILLED: ${sym} ${matchedSize} units (~$${matchedUsd.toFixed(2)})`));
949
+ console.log(chalk.green(` LONG ${longExch} ✓ (${longPos.size})`));
950
+ console.log(chalk.green(` SHORT ${shortExch} ✓ (${shortPos.size})\n`));
951
+ }
952
+ else if (longOk !== shortOk) {
953
+ // One leg failed — rollback
954
+ const filledSide = longOk ? "long" : "short";
955
+ const failedSide = longOk ? "short" : "long";
956
+ const filledAdapter = longOk ? longAdapter : shortAdapter;
957
+ const rollbackAction = longOk ? "sell" : "buy";
958
+ const failedErr = longOk
959
+ ? shortResult.reason
960
+ : longResult.reason;
961
+ if (!isJson())
962
+ console.log(chalk.yellow(` PARTIAL: ${filledSide} OK, ${failedSide} FAILED — rolling back...`));
963
+ let rollbackOk = false;
964
+ for (let attempt = 1; attempt <= 2; attempt++) {
965
+ try {
966
+ await filledAdapter.marketOrder(sym, rollbackAction, matchedSize);
967
+ rollbackOk = true;
968
+ break;
969
+ }
970
+ catch { /* retry */ }
971
+ }
972
+ logExecution({
973
+ type: "arb_entry", exchange: `${longExch}+${shortExch}`,
974
+ symbol: sym, side: "entry", size: matchedSize,
975
+ status: "failed", dryRun: false,
976
+ error: `Partial: ${failedSide} failed (${failedErr instanceof Error ? failedErr.message : String(failedErr)}). Rollback: ${rollbackOk ? "ok" : "FAILED"}`,
977
+ });
978
+ const result = {
979
+ status: "partial_fill", symbol: sym, filledSide, failedSide,
980
+ failedError: failedErr instanceof Error ? failedErr.message : String(failedErr),
981
+ rollback: rollbackOk ? "success" : "FAILED — MANUAL CLOSE REQUIRED",
982
+ };
983
+ if (isJson())
984
+ return printJson(jsonOk(result));
985
+ console.log(rollbackOk
986
+ ? chalk.yellow(` Rollback OK — no open exposure.\n`)
987
+ : chalk.red.bold(` ROLLBACK FAILED — ${filledSide} leg still open. Close manually!\n`));
988
+ }
989
+ else {
990
+ // Both failed
991
+ const longErr = longResult.reason;
992
+ const shortErr = shortResult.reason;
993
+ const result = {
994
+ status: "both_failed", symbol: sym,
995
+ longError: longErr instanceof Error ? longErr.message : String(longErr),
996
+ shortError: shortErr instanceof Error ? shortErr.message : String(shortErr),
997
+ };
998
+ if (isJson())
999
+ return printJson(jsonOk(result));
1000
+ console.log(chalk.red(` Both legs failed:`));
1001
+ console.log(chalk.red(` LONG: ${result.longError}`));
1002
+ console.log(chalk.red(` SHORT: ${result.shortError}\n`));
1003
+ }
1004
+ });
786
1005
  // ── arb pnl ── (check arb position PnL)
787
1006
  arb
788
1007
  .command("pnl")
@@ -1,5 +1,6 @@
1
1
  import chalk from "chalk";
2
2
  import { printJson, jsonOk, makeTable, formatUsd, formatPnl, withJsonErrors } from "../utils.js";
3
+ import { assessRisk } from "../risk.js";
3
4
  const EXCHANGES = ["pacifica", "hyperliquid", "lighter"];
4
5
  async function fetchExchangeSnapshot(name, getAdapter) {
5
6
  try {
@@ -65,6 +66,12 @@ function buildSummary(snapshots) {
65
66
  pct: totalEquity > 0 ? (Number(s.balance.equity) / totalEquity) * 100 : 0,
66
67
  }))
67
68
  .sort((a, b) => b.pct - a.pct);
69
+ // Full risk assessment (reuses same data, no extra API calls)
70
+ const riskBalances = snapshots
71
+ .filter(s => s.balance)
72
+ .map(s => ({ exchange: s.exchange, balance: s.balance }));
73
+ const riskPositions = allPositions.map(p => ({ exchange: p.exchange, position: p }));
74
+ const assessment = assessRisk(riskBalances, riskPositions);
68
75
  return {
69
76
  totalEquity,
70
77
  totalAvailable,
@@ -79,6 +86,11 @@ function buildSummary(snapshots) {
79
86
  largestPosition,
80
87
  exchangeConcentration,
81
88
  },
89
+ risk: {
90
+ level: assessment.level,
91
+ canTrade: assessment.canTrade,
92
+ violations: assessment.violations,
93
+ },
82
94
  };
83
95
  }
84
96
  export function registerPortfolioCommands(program, getAdapterForExchange, isJson) {
@@ -149,6 +161,14 @@ export function registerPortfolioCommands(program, getAdapterForExchange, isJson
149
161
  }
150
162
  // ── Risk Metrics ──
151
163
  console.log(chalk.white.bold("\n Risk Metrics"));
164
+ const levelColor = {
165
+ low: chalk.green,
166
+ medium: chalk.yellow,
167
+ high: chalk.red,
168
+ critical: chalk.bgRed.white,
169
+ }[summary.risk.level];
170
+ console.log(` Risk Level: ${levelColor(summary.risk.level.toUpperCase())}`);
171
+ console.log(` Can Trade: ${summary.risk.canTrade ? chalk.green("YES") : chalk.red("NO")}`);
152
172
  const mu = summary.riskMetrics.marginUtilization;
153
173
  const muColor = mu < 30 ? chalk.green : mu < 60 ? chalk.yellow : chalk.red;
154
174
  console.log(` Margin Utilization: ${muColor(`${mu.toFixed(1)}%`)}`);
@@ -163,6 +183,13 @@ export function registerPortfolioCommands(program, getAdapterForExchange, isJson
163
183
  console.log(` ${ec.exchange.padEnd(12)} ${bar} ${ec.pct.toFixed(1)}%`);
164
184
  }
165
185
  }
186
+ if (summary.risk.violations.length > 0) {
187
+ console.log(chalk.red.bold("\n Risk Violations"));
188
+ for (const v of summary.risk.violations) {
189
+ const sevColor = { low: chalk.green, medium: chalk.yellow, high: chalk.red, critical: chalk.bgRed.white }[v.severity];
190
+ console.log(` ${sevColor(v.severity.toUpperCase().padEnd(8))} ${v.message}`);
191
+ }
192
+ }
166
193
  console.log();
167
194
  });
168
195
  });
@@ -1,6 +1,6 @@
1
1
  import chalk from "chalk";
2
2
  import { printJson, jsonOk, makeTable, formatUsd, withJsonErrors } from "../utils.js";
3
- import { loadRiskLimits, saveRiskLimits, assessRisk, getLiquidationDistances, LIQUIDATION_DISTANCE_HARD_CAP } from "../risk.js";
3
+ import { loadRiskLimits, saveRiskLimits, assessRisk, getLiquidationDistances } from "../risk.js";
4
4
  const EXCHANGES = ["pacifica", "hyperliquid", "lighter"];
5
5
  export function registerRiskCommands(program, getAdapterForExchange, isJson) {
6
6
  const risk = program.command("risk").description("Risk management and guardrails");
@@ -57,11 +57,9 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
57
57
  console.log(` Largest Position: $${formatUsd(assessment.metrics.largestPositionUsd)}`);
58
58
  console.log(` Max Leverage Used: ${assessment.metrics.maxLeverageUsed}x`);
59
59
  if (assessment.metrics.minLiquidationDistancePct >= 0) {
60
- const ldColor = assessment.metrics.minLiquidationDistancePct < LIQUIDATION_DISTANCE_HARD_CAP
61
- ? chalk.bgRed.white
62
- : assessment.metrics.minLiquidationDistancePct < assessment.limits.minLiquidationDistance
63
- ? chalk.red
64
- : chalk.green;
60
+ const ldColor = assessment.metrics.minLiquidationDistancePct < assessment.limits.minLiquidationDistance
61
+ ? chalk.red
62
+ : chalk.green;
65
63
  console.log(` Min Liq Distance: ${ldColor(`${assessment.metrics.minLiquidationDistancePct.toFixed(1)}%`)}`);
66
64
  }
67
65
  if (assessment.violations.length > 0) {
@@ -101,7 +99,7 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
101
99
  .option("--max-positions <n>", "Max number of simultaneous positions")
102
100
  .option("--max-leverage <n>", "Max leverage per position")
103
101
  .option("--max-margin <pct>", "Max margin utilization %")
104
- .option("--min-liq-distance <pct>", `Min liquidation distance % (hard cap: >=${LIQUIDATION_DISTANCE_HARD_CAP}%)`)
102
+ .option("--min-liq-distance <pct>", "Min liquidation distance %")
105
103
  .option("--reset", "Reset all limits to defaults")
106
104
  .action(async (opts) => {
107
105
  let limits = loadRiskLimits();
@@ -111,9 +109,9 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
111
109
  opts.minLiqDistance || opts.reset;
112
110
  if (opts.reset) {
113
111
  limits = {
114
- maxDrawdownUsd: 500, maxPositionUsd: 5000, maxTotalExposureUsd: 20000,
115
- dailyLossLimitUsd: 200, maxPositions: 10, maxLeverage: 20, maxMarginUtilization: 80,
116
- minLiquidationDistance: 30, maxDrawdownPct: 10, maxPositionPct: 25,
112
+ maxDrawdownUsd: 100000, maxPositionUsd: 100000, maxTotalExposureUsd: 500000,
113
+ dailyLossLimitUsd: 50000, maxPositions: 50, maxLeverage: 50, maxMarginUtilization: 95,
114
+ minLiquidationDistance: 5,
117
115
  };
118
116
  }
119
117
  if (opts.maxDrawdown)
@@ -139,15 +137,7 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
139
137
  if (opts.maxMargin)
140
138
  limits.maxMarginUtilization = parseFloat(opts.maxMargin);
141
139
  if (opts.minLiqDistance) {
142
- const val = parseFloat(opts.minLiqDistance);
143
- if (val < LIQUIDATION_DISTANCE_HARD_CAP) {
144
- const msg = `Cannot set min liquidation distance below ${LIQUIDATION_DISTANCE_HARD_CAP}% (hard cap). Got: ${val}%`;
145
- if (isJson())
146
- return printJson(jsonOk({ error: msg, hardCap: LIQUIDATION_DISTANCE_HARD_CAP }));
147
- console.log(chalk.red(`\n ${msg}\n`));
148
- return;
149
- }
150
- limits.minLiquidationDistance = val;
140
+ limits.minLiquidationDistance = parseFloat(opts.minLiqDistance);
151
141
  }
152
142
  if (hasUpdate)
153
143
  saveRiskLimits(limits);
@@ -167,7 +157,7 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
167
157
  console.log(` Max Positions: ${limits.maxPositions}`);
168
158
  console.log(` Max Leverage: ${limits.maxLeverage}x`);
169
159
  console.log(` Max Margin Util: ${limits.maxMarginUtilization}%`);
170
- console.log(` Min Liq Distance: ${limits.minLiquidationDistance}% ${chalk.gray(`(hard cap: ${LIQUIDATION_DISTANCE_HARD_CAP}%)`)}`);
160
+ console.log(` Min Liq Distance: ${limits.minLiquidationDistance}%`);
171
161
  console.log(chalk.gray(`\n When both USD and % are set, the stricter limit applies.\n`));
172
162
  console.log(chalk.gray(` Config file: ~/.perp/risk.json\n`));
173
163
  });
@@ -248,12 +238,11 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
248
238
  positions: distances,
249
239
  limits: {
250
240
  minLiquidationDistance: limits.minLiquidationDistance,
251
- hardCap: LIQUIDATION_DISTANCE_HARD_CAP,
252
241
  },
253
242
  }));
254
243
  }
255
244
  console.log(chalk.cyan.bold("\n Liquidation Distance Report\n"));
256
- console.log(chalk.gray(` Your limit: ${limits.minLiquidationDistance}% | Hard cap: ${LIQUIDATION_DISTANCE_HARD_CAP}%\n`));
245
+ console.log(chalk.gray(` Your limit: ${limits.minLiquidationDistance}%\n`));
257
246
  const rows = distances.map(d => {
258
247
  const statusColor = {
259
248
  safe: chalk.green,
@@ -276,7 +265,7 @@ export function registerRiskCommands(program, getAdapterForExchange, isJson) {
276
265
  const critical = distances.filter(d => d.status === "critical");
277
266
  const danger = distances.filter(d => d.status === "danger");
278
267
  if (critical.length > 0) {
279
- console.log(chalk.bgRed.white.bold(` ⚠ ${critical.length} position(s) BELOW HARD CAP (${LIQUIDATION_DISTANCE_HARD_CAP}%) — REDUCE IMMEDIATELY`));
268
+ console.log(chalk.bgRed.white.bold(` ⚠ ${critical.length} position(s) critically close to liquidation — REDUCE IMMEDIATELY`));
280
269
  }
281
270
  if (danger.length > 0) {
282
271
  console.log(chalk.red.bold(` ⚠ ${danger.length} position(s) below your limit (${limits.minLiquidationDistance}%) — action recommended`));
package/dist/risk.d.ts CHANGED
@@ -15,8 +15,6 @@ export interface RiskLimits {
15
15
  }
16
16
  /** Resolve effective USD limit: min of fixed USD and pct-of-equity (if both set) */
17
17
  export declare function effectiveLimit(usdLimit: number, pctLimit: number | undefined, totalEquity: number): number;
18
- /** Hard cap: liquidation distance can NEVER be set below this % */
19
- export declare const LIQUIDATION_DISTANCE_HARD_CAP = 20;
20
18
  export declare function loadRiskLimits(): RiskLimits;
21
19
  export declare function saveRiskLimits(limits: RiskLimits): void;
22
20
  export type RiskLevel = "low" | "medium" | "high" | "critical";
package/dist/risk.js CHANGED
@@ -1,16 +1,16 @@
1
1
  import { existsSync, readFileSync, writeFileSync, mkdirSync } from "fs";
2
2
  import { resolve } from "path";
3
3
  const DEFAULT_LIMITS = {
4
- maxDrawdownUsd: 500,
5
- maxPositionUsd: 5000,
6
- maxTotalExposureUsd: 20000,
7
- dailyLossLimitUsd: 200,
8
- maxPositions: 10,
9
- maxLeverage: 20,
10
- maxMarginUtilization: 80,
11
- minLiquidationDistance: 30,
12
- maxDrawdownPct: 10,
13
- maxPositionPct: 25,
4
+ maxDrawdownUsd: 100000,
5
+ maxPositionUsd: 100000,
6
+ maxTotalExposureUsd: 500000,
7
+ dailyLossLimitUsd: 50000,
8
+ maxPositions: 50,
9
+ maxLeverage: 50,
10
+ maxMarginUtilization: 95,
11
+ minLiquidationDistance: 5,
12
+ maxDrawdownPct: undefined,
13
+ maxPositionPct: undefined,
14
14
  };
15
15
  /** Resolve effective USD limit: min of fixed USD and pct-of-equity (if both set) */
16
16
  export function effectiveLimit(usdLimit, pctLimit, totalEquity) {
@@ -19,8 +19,6 @@ export function effectiveLimit(usdLimit, pctLimit, totalEquity) {
19
19
  const pctInUsd = (pctLimit / 100) * totalEquity;
20
20
  return Math.min(usdLimit, pctInUsd);
21
21
  }
22
- /** Hard cap: liquidation distance can NEVER be set below this % */
23
- export const LIQUIDATION_DISTANCE_HARD_CAP = 20;
24
22
  const PERP_DIR = resolve(process.env.HOME || "~", ".perp");
25
23
  const RISK_FILE = resolve(PERP_DIR, "risk.json");
26
24
  export function loadRiskLimits() {
@@ -61,9 +59,7 @@ export function getLiquidationDistances(positions, limits) {
61
59
  const liquidationPrice = Number(p.liquidationPrice);
62
60
  const distancePct = calcLiquidationDistance(markPrice, liquidationPrice, p.side);
63
61
  let status = "safe";
64
- if (distancePct < LIQUIDATION_DISTANCE_HARD_CAP)
65
- status = "critical";
66
- else if (distancePct < lim.minLiquidationDistance)
62
+ if (distancePct < lim.minLiquidationDistance)
67
63
  status = "danger";
68
64
  else if (distancePct < lim.minLiquidationDistance * 1.5)
69
65
  status = "warning";
@@ -162,16 +158,7 @@ export function assessRisk(balances, positions, limits) {
162
158
  if (ld.distancePct < minLiquidationDistancePct) {
163
159
  minLiquidationDistancePct = ld.distancePct;
164
160
  }
165
- if (ld.distancePct < LIQUIDATION_DISTANCE_HARD_CAP) {
166
- violations.push({
167
- rule: "liquidation_distance_hard_cap",
168
- severity: "critical",
169
- message: `${ld.exchange}:${ld.symbol} is ${ld.distancePct.toFixed(1)}% from liquidation (hard cap: ${LIQUIDATION_DISTANCE_HARD_CAP}%)`,
170
- current: ld.distancePct,
171
- limit: LIQUIDATION_DISTANCE_HARD_CAP,
172
- });
173
- }
174
- else if (ld.distancePct < lim.minLiquidationDistance) {
161
+ if (ld.distancePct < lim.minLiquidationDistance) {
175
162
  violations.push({
176
163
  rule: "min_liquidation_distance",
177
164
  severity: "high",
package/package.json CHANGED
@@ -1,6 +1,6 @@
1
1
  {
2
2
  "name": "perp-cli",
3
- "version": "0.3.15",
3
+ "version": "0.3.16",
4
4
  "description": "Multi-DEX Perpetual Futures CLI - Pacifica, Hyperliquid, Lighter",
5
5
  "bin": {
6
6
  "perp": "dist/index.js",
@@ -5,7 +5,7 @@ allowed-tools: "Bash(perp:*), Bash(npx perp-cli:*), Bash(npx -y perp-cli:*)"
5
5
  license: MIT
6
6
  metadata:
7
7
  author: hypurrquant
8
- version: "0.3.14"
8
+ version: "0.3.16"
9
9
  ---
10
10
 
11
11
  # perp-cli Agent Guide
@@ -15,10 +15,9 @@ Multi-DEX perpetual futures CLI — Pacifica (Solana), Hyperliquid (HyperEVM), L
15
15
  ## Rules
16
16
 
17
17
  1. **Always use `--json`** on every command.
18
- 2. **NEVER use `perp init`** — interactive, will hang. Use `wallet set` instead.
19
- 3. **NEVER trade without user confirmation.** Show order details and wait for approval.
20
- 4. **NEVER read ~/.perp/.env or key files.** Use `perp --json wallet show`.
21
- 5. **Risk first.** Run `perp --json risk status` before and during any operation.
18
+ 2. **NEVER use `perp init`** — interactive, will hang.
19
+ 3. **NEVER trade without user confirmation.**
20
+ 4. **NEVER read ~/.perp/.env or key files.**
22
21
 
23
22
  ## Install
24
23
 
@@ -35,81 +34,77 @@ perp --json wallet set pac <SOLANA_KEY> # Pacifica
35
34
  perp --json wallet set lt <EVM_KEY> # Lighter (API key auto-generated)
36
35
  perp --json wallet show # verify
37
36
  ```
38
- Same EVM key works for both HL and Lighter. Lighter API key is created automatically on first use.
37
+ Same EVM key works for both HL and Lighter.
39
38
 
40
- ## Core Commands
39
+ ## Key Commands
41
40
 
42
41
  ```bash
43
- # Account
44
- perp --json -e <EX> account info # balance, equity, margin
45
- perp --json -e <EX> account positions # open positions
46
- perp --json portfolio # unified multi-exchange view
47
-
48
- # Market
49
- perp --json -e <EX> market list # available markets
50
- perp --json -e <EX> market mid <SYM> # mid price
51
- perp --json -e <EX> market book <SYM> # orderbook
52
-
53
- # Trading
54
- perp --json -e <EX> trade leverage <SYM> <N> --isolated # set BEFORE trading
42
+ # Status (ONE call = balances, positions, risk level/violations/canTrade)
43
+ perp --json portfolio
44
+
45
+ # Arb workflow
46
+ perp --json arb scan --min 5 # find opportunities
47
+ perp --json arb exec <SYM> <longEx> <shortEx> <$> --leverage <N> --isolated # execute
48
+
49
+ # Single exchange trading (when not doing arb)
55
50
  perp --json -e <EX> trade market <SYM> buy <SIZE>
56
- perp --json -e <EX> trade market <SYM> sell <SIZE>
57
51
  perp --json -e <EX> trade close <SYM>
58
- perp --json -e <EX> trade check <SYM> <SIDE> <SIZE> --leverage <L>
59
-
60
- # Risk
61
- perp --json risk status # risk level + violations
62
- perp --json risk liquidation-distance # % from liq for all positions
63
- perp --json risk check --notional <$> --leverage <L>
64
52
 
65
- # Arb
66
- perp --json arb scan --min 5 # find funding arb opportunities
53
+ # Risk (only if you need to set limits — portfolio already includes risk)
54
+ perp --json risk limits --max-leverage 5
67
55
  ```
68
56
 
69
- Exchange aliases: `hl`/`hyperliquid`, `pac`/`pacifica`, `lt`/`lighter`. Symbols auto-resolve (use bare: `BTC`, `SOL`, `ICP`).
57
+ Exchange aliases: `hl`, `pac`, `lt`. Symbols auto-resolve (`BTC`, `SOL`, `ICP`).
70
58
 
71
- ## Trade Execution Checklist
59
+ ## Arb Workflow
72
60
 
73
61
  ```
74
- 1. perp --json risk status → STOP if critical
75
- 2. perp --json -e <EX> account info → verify balance
76
- 3. perp --json -e <EX> trade leverage <SYM> <N> --isolated
77
- 4. perp --json -e <EX> trade check <SYM> <SIDE> <SIZE> --leverage <L>
78
- 5. [Show details to user, get confirmation]
79
- 6. perp --json -e <EX> trade market <SYM> <SIDE> <SIZE>
80
- 7. perp --json -e <EX> account positions → verify + check liq price
62
+ 1. perp --json portfolio → check balances across all exchanges
63
+ 2. perp --json arb scan --min 5 → find opportunity (longExch, shortExch, netSpread)
64
+ 3. [Show opportunity to user, get confirmation]
65
+ 4. perp --json arb exec <SYM> <longEx> <shortEx> <$> --leverage 2 --isolated
66
+ → validates orderbook depth on both sides
67
+ → rounds size to each exchange's lot size
68
+ → executes BOTH legs simultaneously
69
+ → verifies positions exist after execution
70
+ → auto-rollback if one leg fails
71
+ 5. perp --json portfolio → verify positions
81
72
  ```
82
73
 
83
74
  ## Position Sizing
84
75
 
85
- - Single position notional < **80%** of that exchange's available balance
86
- - Use ISOLATED margin for arb
87
- - Leverage 1-3x for arb, never exceed 5x
88
- - Both arb legs MUST have exact same size
76
+ - Single position < **80%** of that exchange's available balance
77
+ - Leverage 1-3x for arb, max 5x
78
+ - `arb exec` auto-matches both legs to the same size
89
79
 
90
- ## Funding Arb Direction
80
+ ## Arb Direction (CRITICAL)
91
81
 
92
- ```
93
- arb scan returns: longExch, shortExch, netSpread
94
- → ALWAYS follow longExch/shortExch exactly. NEVER reverse.
95
- → NEVER enter if netSpread <= 0
96
- ```
82
+ `arb scan` returns `longExch`, `shortExch`, `netSpread`.
83
+ ALWAYS follow exactly. NEVER reverse. NEVER enter if `netSpread <= 0`.
84
+
85
+ ## Portfolio Response
86
+
87
+ `portfolio` includes `risk: { level, canTrade, violations[] }` — no need for separate `risk status`.
88
+ Check `canTrade` before any order. If `false`, do NOT trade.
97
89
 
98
90
  ## Monitoring (while positions open)
99
91
 
100
- Every 15 min: `risk status` + `risk liquidation-distance` + `account positions`
101
- Every 1 hour: `arb scan --min 5` + `portfolio`
102
- Exit if: spread < breakeven, risk critical, one leg closed unexpectedly.
92
+ ```
93
+ Every 15 min: perp --json portfolio
94
+ Every 1 hour: perp --json arb scan --min 5
95
+ Exit if: spread < breakeven or one leg closed unexpectedly.
96
+ Close both: perp --json -e <EX1> trade close <SYM> & perp --json -e <EX2> trade close <SYM>
97
+ ```
103
98
 
104
99
  ## Error Handling
105
100
 
106
- All responses: `{ "ok": true, "data": {...} }` or `{ "ok": false, "error": { "code": "...", "retryable": true/false } }`
101
+ Responses: `{ "ok": true, "data": {...} }` or `{ "ok": false, "error": { "code": "...", "retryable": true/false } }`
107
102
 
108
- Retryable (wait 5s, retry once): `RATE_LIMITED`, `EXCHANGE_UNREACHABLE`, `TIMEOUT`
109
- Not retryable: `INSUFFICIENT_BALANCE`, `MARGIN_INSUFFICIENT`, `SYMBOL_NOT_FOUND`
103
+ Retryable (wait 5s): `RATE_LIMITED`, `EXCHANGE_UNREACHABLE`, `TIMEOUT`
104
+ **Lighter `invalid signature`**: `perp --json -e lighter manage setup-api-key`
110
105
 
111
106
  ## References
112
107
 
113
108
  - `references/commands.md` — full command reference
114
- - `references/agent-operations.md` — setup flows, deposit/withdraw, idempotency
115
- - `references/strategies.md` — risk framework, arb strategy, opportunity cost
109
+ - `references/agent-operations.md` — setup flows, deposit/withdraw
110
+ - `references/strategies.md` — risk framework, arb strategy
@@ -257,17 +257,14 @@ perp --json -e <EX> account margin <SYM> # detailed: liquidationPrice, margi
257
257
 
258
258
  **Liquidation distance is configurable by the user.** You MUST ask the user what risk tolerance they want:
259
259
  ```bash
260
- # Ask user: "What minimum liquidation distance do you want? (default: 30%, hard minimum: 20%)"
260
+ # Ask user: "What minimum liquidation distance do you want? (default: 5%)"
261
261
  perp --json risk limits --min-liq-distance <USER_CHOICE>
262
262
  ```
263
263
 
264
- **Hard cap: 20%.** No matter what the user says, the system will NEVER allow a position to get within 20% of liquidation. This is non-negotiable and enforced at the system level. If a user tries to set it below 20%, the command will reject it.
265
-
266
264
  **Action rules based on `risk liquidation-distance` output:**
267
265
  - `status: "safe"` → no action needed
268
266
  - `status: "warning"` → monitor more frequently (every 5 minutes)
269
267
  - `status: "danger"` → alert user, recommend reducing position size
270
- - `status: "critical"` (below 20% hard cap) → REDUCE IMMEDIATELY, `canTrade` becomes `false`
271
268
 
272
269
  ### Leverage and Margin Mode
273
270
 
@@ -309,14 +306,13 @@ Limits can be set in **USD or % of equity** (when both are set, the stricter one
309
306
  ```bash
310
307
  perp --json risk limits \
311
308
  --max-leverage 5 \
312
- --max-margin 60 \
313
- --max-drawdown-pct 10 \
309
+ --max-margin 95 \
314
310
  --max-position-pct 80 \
315
311
  --max-drawdown 500 \
316
312
  --max-position 50000 \
317
313
  --max-exposure 100000 \
318
314
  --daily-loss 200 \
319
- --min-liq-distance 30
315
+ --min-liq-distance 5
320
316
  ```
321
317
 
322
318
  **Use % limits for small portfolios.** A $65 portfolio with `--max-drawdown 500` is meaningless.
@@ -325,7 +321,7 @@ With `--max-drawdown-pct 10`, the effective limit auto-adjusts to $6.50.
325
321
  **IMPORTANT: Ask the user about their risk tolerance BEFORE setting limits.** Key questions:
326
322
  - "How much leverage are you comfortable with?" (default: 5x for arb)
327
323
  - "What's your maximum acceptable loss?" (default: $500)
328
- - "How close to liquidation are you willing to get?" (default: 30%, minimum: 20%)
324
+ - "How close to liquidation are you willing to get?" (default: 5%)
329
325
 
330
326
  These limits are enforced by `perp risk check`. Always run it before trades:
331
327
  ```bash