Perpetual Futures
Getting started with Kalshi Perps
13 articles
What Are Perpetual Futures?Kalshi now offers perpetual futures — starting with crypto. If you've heard of futures trading but aren't sure how it works, or if you're familiar with Kalshi's prediction markets and…
What perpetuals are available on Kalshi?Kalshi Perpetual Futures are available on the following crypto assets at launch. Additional assets will be added over time.
BTC Perpetual Futures — Contract SpecificationsThis article covers the full contract specification for Kalshi's Bitcoin (BTC) perpetual futures contract.
How Margin WorksTo open a perpetual futures position, you put up collateral that covers your potential losses. This article explains the types of margin and how they interact with your positions.
Your Perpetuals Margin AccountYour perpetuals margin account is a separate account from your Kalshi predictions balance. This article covers how to fund it, how it's protected, and how to move money between accounts.
How Funding WorksBecause perpetual futures never expire, a funding mechanism keeps the contract price anchored to the asset’s actual spot price. This article explains how the funding rate is calculated, when payments…
Order TypesThis article covers the order types available for perpetual futures trading on Kalshi, and how to choose between them.
Take Profit and Stop Loss (TP/SL)Take profit and stop loss orders let you automatically close your position when the price hits a level you set in advance. You can add them when placing a new…
Closing or Modifying a Position
Understanding LiquidationLiquidation occurs when your account balance falls below the maintenance margin threshold for a position. When this happens, Kalshi Klear will close your position to prevent further losses.
Applying for Perpetuals AccessPerpetual futures trading is not automatically available to all Kalshi users. All users must apply for a margin account. This article explains the process and what to expect.
Depositing, Transferring & WithdrawingYour perpetuals margin account is separate from your Kalshi predictions balance. This article covers how to get money in and out.
Risks of Trading Perpetual FuturesPerpetual futures involve leverage and carry significant risk of loss. They may not be appropriate for all traders. Please read this article carefully before trading.