Perpetual Futures
Getting started with Kalshi Perps
17 articles
- Perps Fees ExplainedHow trading fees on perpetual futures are calculated, why the fee can look larger than expected when using leverage, and the difference between fees and funding payments.
- Perps Promotions, Bonuses & CreditsHow perps promotional offers, referral bonuses, and credits work — where they land, when they arrive, and what to check if a bonus hasn't appeared.
- Why can't I transfer or withdraw my full perps balance?If a transfer between your perps and predictions accounts fails with "insufficient balance," or your withdrawable amount is less than your displayed balance, this article explains why and what to…
- 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.
- What are Perpetual Futures?Everything you need to know about Kalshi's perpetual futures — what they are, how they work, and how to get started.