At Kalshi, we're committed to providing the best possible trading experience. That's why you earn interest on your cash and open positions, including the collateral behind your positions. Even before a market resolves, your positions can earn a return.
Why is this awesome for Kalshi users?
Take longer positions: Hold your positions longer without worrying about running out of funds.
Get paid while you hold: Watch your account balance grow as your positions accrue interest.
Maximize your returns: Combine your trading profits with the interest earned on your balance!
Prediction Market Interest
Rate: 3.50% APY. This rate is variable and can change at any time.
Requirements
Maintain a minimum balance: Your average monthly predictions balance, including cash and positions, must be at least $250.
How it's calculated
Interest accrues daily and is paid monthly.
Daily accrual is based on the net value of your portfolio at 12am ET, which includes:
Available funds in your account
Your portfolio value at the end of the day, based on last traded prices
Payments Interest accrues daily, and paid monthly.
Perpetuals (Perps) Interest
Rate: 3.50% APY. This rate is variable and can change at any time.
Requirements
Maintain a minimum balance: Your average monthly perps balance, including cash and positions, must be at least $250.
What earns interest
Available cash in your perps account
Your open perps positions
Interest accrues daily, and paid monthly. Eligible perps traders can earn a higher rate through the 7% program below.
Earn 7% APY on Perpetuals (Perps)
Perps traders can now earn 7% APY on the funds backing their open perps positions. That's double our standard 3.50% rate.
How it works
Maintain a minimum balance: Your average monthly perps balance, including cash and positions, must be at least $250.
Hold a qualifying position: To earn 7% on a given day, you need to hold at least one perps position in BTC, ETH, HYPE, SOL, Gold, Silver, US 500, or Tech 100.
What earns 7%: Your open positions, in any market.
What earns 3.50%: Your cash in your perps account.
Calculation and payment
Accrual is calculated daily and paid monthly.
7% only accrues on days when you hold a qualifying position at the time of the snapshot. Otherwise, those funds earn 3.50%.
Program limits
Per-user cap: 7% applies to up to $10M of eligible funds in your first month, and the cap doubles each month after.
Program capacity: The program covers up to $100M in eligible funds across all users. If total demand exceeds this, each user's eligible amount is scaled down proportionally.
Program end: The program ends once total payouts reach $7M. After that, all balances return to the standard rate.
The 7% rate and the list of qualifying assets may change at any time.
Eligibility for the 7% program
Available to users in the United States and its territories who are approved for perps trading.
Your open positions earn 7% as long as your total open interest is at least 1.5x your positions. If it's lower, 7% applies to your open interest divided by 1.5.
General Eligibility Across All Programs
Interest programs are currently only available to eligible users in the United States and its territories.
Your Social Security Number (SSN) must be provided to receive interest payments above $10 annually.
Rates are subject to change at any time.