diff --git a/freqtrade/exchange/binance.py b/freqtrade/exchange/binance.py
index 4315585b6..fcd027d52 100644
--- a/freqtrade/exchange/binance.py
+++ b/freqtrade/exchange/binance.py
@@ -156,8 +156,8 @@ class Binance(Exchange):
     def _set_leverage(
         self,
         leverage: float,
-        pair: Optional[str],
-        trading_mode: Optional[TradingMode]
+        pair: Optional[str] = None,
+        trading_mode: Optional[TradingMode] = None
     ):
         """
             Set's the leverage before making a trade, in order to not
diff --git a/freqtrade/exchange/exchange.py b/freqtrade/exchange/exchange.py
index dd3304921..2fb63d201 100644
--- a/freqtrade/exchange/exchange.py
+++ b/freqtrade/exchange/exchange.py
@@ -1605,8 +1605,8 @@ class Exchange:
     def _set_leverage(
         self,
         leverage: float,
-        pair: Optional[str],
-        trading_mode: Optional[TradingMode]
+        pair: Optional[str] = None,
+        trading_mode: Optional[TradingMode] = None
     ):
         """
             Set's the leverage before making a trade, in order to not
diff --git a/freqtrade/exchange/kraken.py b/freqtrade/exchange/kraken.py
index 46f1ab934..661000d4d 100644
--- a/freqtrade/exchange/kraken.py
+++ b/freqtrade/exchange/kraken.py
@@ -175,8 +175,8 @@ class Kraken(Exchange):
     def _set_leverage(
         self,
         leverage: float,
-        pair: Optional[str],
-        trading_mode: Optional[TradingMode]
+        pair: Optional[str] = None,
+        trading_mode: Optional[TradingMode] = None
     ):
         """
             Kraken set's the leverage as an option in the order object, so we need to
@@ -185,4 +185,5 @@ class Kraken(Exchange):
         if leverage > 1.0:
             self._params['leverage'] = leverage
         else:
-            del self._params['leverage']
+            if 'leverage' in self._params:
+                del self._params['leverage']
diff --git a/tests/exchange/test_binance.py b/tests/exchange/test_binance.py
index 96287da44..dd012f4ab 100644
--- a/tests/exchange/test_binance.py
+++ b/tests/exchange/test_binance.py
@@ -4,6 +4,7 @@ from unittest.mock import MagicMock, PropertyMock
 import ccxt
 import pytest
 
+from freqtrade.enums import TradingMode
 from freqtrade.exceptions import DependencyException, InvalidOrderException, OperationalException
 from tests.conftest import get_patched_exchange
 from tests.exchange.test_exchange import ccxt_exceptionhandlers
@@ -232,3 +233,25 @@ def test_fill_leverage_brackets_binance(default_conf, mocker):
         "fill_leverage_brackets",
         "load_leverage_brackets"
     )
+
+
+def test__set_leverage_binance(mocker, default_conf):
+
+    api_mock = MagicMock()
+    api_mock.set_leverage = MagicMock()
+    type(api_mock).has = PropertyMock(return_value={'setLeverage': True})
+
+    exchange = get_patched_exchange(mocker, default_conf, id="binance")
+    exchange._set_leverage(3.0, trading_mode=TradingMode.MARGIN)
+
+    ccxt_exceptionhandlers(
+        mocker,
+        default_conf,
+        api_mock,
+        "binance",
+        "_set_leverage",
+        "set_leverage",
+        pair="XRP/USDT",
+        leverage=5.0,
+        trading_mode=TradingMode.FUTURES
+    )
diff --git a/tests/exchange/test_ftx.py b/tests/exchange/test_ftx.py
index 33eb0e3c4..88c4c069b 100644
--- a/tests/exchange/test_ftx.py
+++ b/tests/exchange/test_ftx.py
@@ -1,9 +1,10 @@
 from random import randint
-from unittest.mock import MagicMock
+from unittest.mock import MagicMock, PropertyMock
 
 import ccxt
 import pytest
 
+from freqtrade.enums import TradingMode
 from freqtrade.exceptions import DependencyException, InvalidOrderException
 from freqtrade.exchange.common import API_FETCH_ORDER_RETRY_COUNT
 from tests.conftest import get_patched_exchange
@@ -229,3 +230,26 @@ def test_fill_leverage_brackets_ftx(default_conf, mocker):
     exchange = get_patched_exchange(mocker, default_conf, id="ftx")
     exchange.fill_leverage_brackets()
     assert exchange._leverage_brackets == {}
+
+
+@pytest.mark.parametrize("trading_mode", [
+    (TradingMode.MARGIN),
+    (TradingMode.FUTURES)
+])
+def test__set_leverage(mocker, default_conf, trading_mode):
+
+    api_mock = MagicMock()
+    api_mock.set_leverage = MagicMock()
+    type(api_mock).has = PropertyMock(return_value={'setLeverage': True})
+
+    ccxt_exceptionhandlers(
+        mocker,
+        default_conf,
+        api_mock,
+        "ftx",
+        "_set_leverage",
+        "set_leverage",
+        pair="XRP/USDT",
+        leverage=5.0,
+        trading_mode=trading_mode
+    )
diff --git a/tests/exchange/test_kraken.py b/tests/exchange/test_kraken.py
index 1a712fd3f..374b054a6 100644
--- a/tests/exchange/test_kraken.py
+++ b/tests/exchange/test_kraken.py
@@ -307,7 +307,13 @@ def test_fill_leverage_brackets_kraken(default_conf, mocker):
     }
 
 
-def test_kraken__set_leverage(default_conf, mocker):
+def test__set_leverage_kraken(default_conf, mocker):
     exchange = get_patched_exchange(mocker, default_conf, id="kraken")
+    exchange._set_leverage(1)
+    assert 'leverage' not in exchange._params
     exchange._set_leverage(3)
-    assert exchange.params['leverage'] == 3
+    assert exchange._params['leverage'] == 3
+    exchange._set_leverage(1.0)
+    assert 'leverage' not in exchange._params
+    exchange._set_leverage(3.0)
+    assert exchange._params['leverage'] == 3