Phemex Trade

Trade on Phemex (USDT-M futures, Coin-M futures, Spot) — place orders, manage positions, check balances, and query market data. Use when the user wants to (1...

Security Scan

The skill is internally consistent with a Phemex trading CLI: it requires the Phemex API key/secret and a phemex-cli binary (installed via an npm package), and its instructions align with that purpose.

Purpose & Capability

Name/description, required binaries (phemex-cli), declared env vars (PHEMEX_API_KEY, PHEMEX_API_SECRET), and the install (npm package phemex-trade-mcp creating phemex-cli) are coherent for a Phemex trading CLI.

Instruction Scope

SKILL.md instructs using phemex-cli commands and documents that credentials may be persisted to ~/.phemexrc; this is expected for a CLI but is a useful security consideration since it writes secrets to disk.

Install Mechanism

Install is an npm package (phemex-trade-mcp) that provides the phemex-cli binary. npm installs can run arbitrary code during installation (moderate risk). Using an npm package for a CLI is reasonable, but users should vet the package source/maintainer before global install.

Credentials

Only PHEMEX_API_KEY and PHEMEX_API_SECRET are required and are expected for trading functionality. The SKILL.md's use of ~/.phemexrc to persist credentials is consistent with the declared env usage.

Persistence & Privilege

Skill is not marked always:true and does not request elevated system-wide privileges. It may store credentials in ~/.phemexrc (its own config), which is normal for a CLI but should be guarded by the user.

Assessment

This skill appears to do what it says: act as a wrapper around a Phemex CLI. Before installing, verify the npm package and GitHub repo (maintainer, recent commits, issues) and prefer creating exchange API keys with minimal permissions. Be aware the CLI can persist secrets to ~/.phemexrc — review that file's contents and filesystem permissions, or prefer passing credentials via environment variables at runtime. Because npm installs execute code, consider auditing the package source or installing in a restricted/isolated environment (container or VM) if you are unsure.

Phemex Trading

Trade on Phemex via the phemex-cli tool. Supports USDT-M futures, Coin-M futures, and Spot markets.

What's New in v1.2.0

1. list_symbols tool — Discover all available trading pairs, filtered by contract type. No more guessing symbol names.
2. Config file (~/.phemexrc) — Store API credentials persistently. No need to export env vars every session.
3. --help for every tool — Run phemex-cli <tool> --help to see parameters, defaults, and usage examples inline.
4. Friendly field names — API field suffixes (closeRp, fundingRateRr) are mapped to readable names (closePrice, fundingRate). Use --raw to get the original names.
5. Enhanced error messages — Errors now include suggestion and tip fields with actionable guidance instead of raw API codes.

Before you start

Ensure you have the latest version installed:

npm install -g phemex-trade-mcp@latest

How to call tools

phemex-cli <tool_name> --param1 value1 --param2 value2

Or with JSON args:

phemex-cli <tool_name> '{"param1":"value1","param2":"value2"}'

Output is always JSON. Credentials are loaded from environment variables or ~/.phemexrc (see Setup).

Tool help

Every tool supports --help with full parameter docs and examples:

phemex-cli place_order --help

Output:

Usage: phemex-cli place_order [options]

Place an order (Market, Limit, Stop, StopLimit)

Required Parameters:
  --symbol <string>          Trading pair (e.g. BTCUSDT)
  --side <string>            Buy or Sell
  --orderQty <number>        Quantity. linear: base amount (0.01 = 0.01 BTC). ...
  --ordType <string>         Order type: Market, Limit, Stop, StopLimit

Optional Parameters:
  --price <number>           Limit price (required for Limit/StopLimit)
  --timeInForce <string>     GoodTillCancel, PostOnly, ... [default: GoodTillCancel]
  --reduceOnly <boolean>     Only reduce position [default: false]
  ...

Examples:
  phemex-cli place_order --symbol BTCUSDT --side Buy --orderQty 0.01 --ordType Market
  phemex-cli place_order --symbol BTCUSDT --side Sell --orderQty 0.01 --ordType Limit --price 90000 --timeInForce PostOnly

More help examples:

phemex-cli get_ticker --help        # see params for price ticker
phemex-cli get_klines --help        # see resolution values for candlesticks
phemex-cli set_leverage --help      # see leverage param format
phemex-cli transfer_funds --help    # see direction values
phemex-cli list_symbols --help      # see contractType filter

Friendly field names

By default, output uses readable field names:

phemex-cli get_ticker --symbol BTCUSDT

{
  "closePrice": "70549.9",
  "openPrice": "70192.7",
  "highPrice": "70750",
  "lowPrice": "69160",
  "markPrice": "70549.9",
  "fundingRate": "-0.00003417",
  "volume": "5303.525",
  "turnover": "371204351.5978"
}

Use --raw to get original API field names (for scripts that depend on old format):

phemex-cli get_ticker --symbol BTCUSDT --raw

{
  "closeRp": "70549.9",
  "openRp": "70192.7",
  "highRp": "70750",
  "lowRp": "69160",
  "markPriceRp": "70549.9",
  "fundingRateRr": "-0.00003417",
  "volumeRq": "5303.525",
  "turnoverRv": "371204351.5978"
}

Field name mapping reference:

Suffix	Meaning	Example	Mapped to
Rp	Real Price	closeRp	closePrice
Rv	Real Value	accountBalanceRv	accountBalance
Rr	Real Rate	fundingRateRr	fundingRate
Rq	Real Quantity	volumeRq	volume

Contract types

Every tool accepts an optional --contractType flag:

• linear (default) — USDT-M perpetual futures. Symbols end in USDT (e.g. BTCUSDT).
• inverse — Coin-M perpetual futures. Symbols end in USD (e.g. BTCUSD).
• spot — Spot trading. Symbols end in USDT (e.g. BTCUSDT). The server auto-prefixes s for the API.

Tools

Market data (no auth needed)

• get_ticker — 24hr price ticker. Example: phemex-cli get_ticker --symbol BTCUSDT
• get_orderbook — Order book (30 levels). Example: phemex-cli get_orderbook --symbol BTCUSDT
• get_klines — Candlestick data. Example: phemex-cli get_klines --symbol BTCUSDT --resolution 3600 --limit 100
• get_recent_trades — Recent trades. Example: phemex-cli get_recent_trades --symbol BTCUSDT
• get_funding_rate — Funding rate history. Example: phemex-cli get_funding_rate --symbol .BTCFR8H --limit 20

Account (read-only, auth required)

• get_account — Balance and margin info. Example: phemex-cli get_account --currency USDT
• get_spot_wallet — Spot wallet balances. Example: phemex-cli get_spot_wallet
• get_positions — Current positions with PnL. Example: phemex-cli get_positions --currency USDT
• get_open_orders — Open orders. Example: phemex-cli get_open_orders --symbol BTCUSDT
• get_order_history — Closed/filled orders. Example: phemex-cli get_order_history --symbol BTCUSDT --limit 50
• get_trades — Trade execution history. Example: phemex-cli get_trades --symbol BTCUSDT --limit 50

Trading (auth required)

• place_order — Place an order (Market, Limit, Stop, StopLimit). Key params: --symbol, --side (Buy/Sell), --orderQty, --ordType, --price (Limit/StopLimit), --stopPx (Stop/StopLimit), --timeInForce (GoodTillCancel/PostOnly/ImmediateOrCancel/FillOrKill), --reduceOnly, --posSide (Long/Short/Merged), --stopLoss, --takeProfit, --qtyType (spot only). orderQty units differ by contract type:
  • linear (USDT-M): orderQty = base currency amount (e.g. 0.01 = 0.01 BTC). To buy 10 USDT worth, calculate qty = 10 / current price.
  • inverse (Coin-M): orderQty = number of contracts as integer (e.g. 10 = 10 contracts). Each contract has a fixed USD value (e.g. 1 USD/contract for BTCUSD).
  • spot: depends on --qtyType. ByBase (default) = base currency (e.g. 0.01 = 0.01 BTC). ByQuote = quote currency (e.g. 50 = 50 USDT worth of BTC).
  • Example: phemex-cli place_order --symbol BTCUSDT --side Buy --orderQty 0.01 --ordType Market
• amend_order — Modify an open order. Example: phemex-cli amend_order --symbol BTCUSDT --orderID xxx --price 95000
• cancel_order — Cancel one order. Example: phemex-cli cancel_order --symbol BTCUSDT --orderID xxx
• cancel_all_orders — Cancel all orders for a symbol. Example: phemex-cli cancel_all_orders --symbol BTCUSDT
• set_leverage — Set leverage. Example: phemex-cli set_leverage --symbol BTCUSDT --leverage 10
• switch_pos_mode — Switch OneWay/Hedged. Example: phemex-cli switch_pos_mode --symbol BTCUSDT --targetPosMode OneWay

Transfers (auth required)

• transfer_funds — Move funds between spot and futures. Example: phemex-cli transfer_funds --currency USDT --amount 100 --direction spot_to_futures
• get_transfer_history — Transfer history. Example: phemex-cli get_transfer_history --currency USDT --limit 20

Utility

• list_symbols — List all available trading symbols, grouped by contract type.

# List all symbols (linear, inverse, spot)
phemex-cli list_symbols

# Only USDT-M perpetual futures
phemex-cli list_symbols --contractType linear

# Only Coin-M perpetual futures
phemex-cli list_symbols --contractType inverse

# Only spot pairs
phemex-cli list_symbols --contractType spot

Example output:

{
  "linear": ["BTCUSDT", "ETHUSDT", "SOLUSDT", "BNBUSDT", ...],
  "inverse": ["BTCUSD", "ETHUSD", ...],
  "spot": ["BTCUSDT", "ETHUSDT", ...]
}

Use list_symbols to discover valid symbol names before trading. This avoids "invalid symbol" errors.

Error messages

Errors return structured JSON with actionable guidance. Examples:

Invalid symbol:

phemex-cli get_ticker --symbol INVALIDXXX

{
  "error": "Invalid symbol: INVALIDXXX",
  "code": 6001,
  "suggestion": "Symbol \"INVALIDXXX\" is not recognized. Check spelling and contract type.",
  "tip": "Run \"phemex-cli list_symbols\" to see all available symbols."
}

Common typo (BTCUSD instead of BTCUSDT):

phemex-cli get_ticker --symbol BTCUSD

{
  "error": "Invalid symbol: BTCUSD",
  "code": 6001,
  "suggestion": "Did you mean BTCUSDT? For USDT perpetuals, use symbols ending in USDT (e.g. BTCUSDT).",
  "tip": "Run \"phemex-cli list_symbols\" to see all available symbols."
}

Order quantity too large:

{
  "error": "Order quantity too large",
  "code": "TE_QTY_TOO_LARGE",
  "suggestion": "The order quantity exceeds the maximum allowed for BTCUSDT.",
  "tip": "Reduce --orderQty or check the symbol's max order size on Phemex."
}

Other enhanced errors: insufficient balance, invalid API key, rate limiting, invalid leverage, order not found — all include suggestion and tip fields.

Safety rules

1. Always confirm before placing orders. Before calling place_order, show the user exactly what the order will do: symbol, side, quantity, type, price. Ask for confirmation.
2. Always confirm before cancelling all orders. Before calling cancel_all_orders, list the open orders first and confirm with the user.
3. Explain leverage changes. Before calling set_leverage, explain the implications (higher leverage = higher liquidation risk).
4. Show context before trading. Before suggesting a trade, show current positions and account balance so the user can make an informed decision.
5. Never auto-trade. Do not place orders without explicit user instruction.

Common workflows

Check a price

phemex-cli get_ticker --symbol BTCUSDT

Discover available symbols

phemex-cli list_symbols --contractType linear

Place a market buy (USDT-M futures)

phemex-cli place_order --symbol BTCUSDT --side Buy --orderQty 0.01 --ordType Market

Place a limit sell (Coin-M futures)

phemex-cli place_order --symbol BTCUSD --side Sell --orderQty 10 --ordType Limit --price 100000 --contractType inverse

Buy spot

phemex-cli place_order --symbol BTCUSDT --side Buy --orderQty 10 --ordType Market --contractType spot --qtyType ByQuote

Check positions

phemex-cli get_positions --currency USDT

Get help for any command

phemex-cli place_order --help

Setup

Option 1: Config file (recommended)

Create ~/.phemexrc — credentials persist across sessions without exporting env vars:

# ~/.phemexrc
PHEMEX_API_KEY=your-api-key
PHEMEX_API_SECRET=your-api-secret
PHEMEX_API_URL=https://api.phemex.com

# Optional: max order value limit (USD)
PHEMEX_MAX_ORDER_VALUE=1000

That's it. All phemex-cli commands will pick up these values automatically.

Option 2: Environment variables

export PHEMEX_API_KEY=your-api-key
export PHEMEX_API_SECRET=your-api-secret
export PHEMEX_API_URL=https://api.phemex.com

Configuration priority

Settings are loaded in this order (highest priority first):

1. Command-line arguments
2. Environment variables
3. ~/.phemexrc config file
4. Defaults (testnet URL)

This means env vars always override the config file, so you can safely keep production creds in ~/.phemexrc and temporarily override with PHEMEX_API_URL=https://testnet-api.phemex.com phemex-cli ... for testing.

Steps

1. Create a Phemex account at https://phemex.com
2. Create an API key (Account → API Management)
3. Save credentials to ~/.phemexrc or export as environment variables
4. Verify: phemex-cli list_symbols --contractType linear should return symbols
5. Optionally set PHEMEX_API_URL (defaults to testnet https://testnet-api.phemex.com for safety; set to https://api.phemex.com for real trading)
6. Optionally set PHEMEX_MAX_ORDER_VALUE to limit maximum order size (USD)