Bitcoin Perps on Kalshi: Funding, Leverage and Liquidation Price

Live from Kalshi's public data: what a BTC perp costs to hold, how much leverage you get, and where a position gets liquidated. Trades 24/7.

Price

$83,443

mark · last $83,441

Max leverage

6.8x / 6.4x

long / short at $1K

24h volume

$377.5M

open interest $14.5M

Next funding

Oct 14, 8:00 AM ET

running estimate +0.0164%

Bitcoin funding since launch

Across 398 funding prints since Jun 3, 2026, longs have paid 8.3% a year on average. That is $302.35 paid on a $10,000 long held the whole way. Longs paid in 48% of windows, shorts paid in 1%, and 51% paid nothing. The last 30 days averaged +0.0091% per window.

Funding time (ET)	Rate	Who paid	On $10,000 long
Oct 14, 12 AM	0.0000%	Nobody	$0.00
Oct 13, 4 PM	+0.0177%	Longs → shorts	−$1.77
Oct 13, 8 AM	+0.0199%	Longs → shorts	−$1.99
Oct 13, 12 AM	+0.0208%	Longs → shorts	−$2.08
Oct 12, 4 PM	+0.0152%	Longs → shorts	−$1.52
Oct 12, 8 AM	+0.0152%	Longs → shorts	−$1.52
Oct 12, 12 AM	+0.0171%	Longs → shorts	−$1.71
Oct 11, 4 PM	+0.0142%	Longs → shorts	−$1.42
Oct 11, 8 AM	+0.0103%	Longs → shorts	−$1.03
Oct 11, 12 AM	+0.0110%	Longs → shorts	−$1.10
Oct 10, 4 PM	0.0000%	Nobody	$0.00
Oct 10, 8 AM	+0.0122%	Longs → shorts	−$1.22
Oct 10, 12 AM	+0.0105%	Longs → shorts	−$1.05
Oct 9, 4 PM	+0.0175%	Longs → shorts	−$1.75
Oct 9, 8 AM	+0.0201%	Longs → shorts	−$2.01
Oct 9, 12 AM	+0.0251%	Longs → shorts	−$2.51
Oct 8, 4 PM	+0.0254%	Longs → shorts	−$2.54
Oct 8, 8 AM	+0.0159%	Longs → shorts	−$1.59
Oct 8, 12 AM	+0.0212%	Longs → shorts	−$2.12
Oct 7, 4 PM	+0.0192%	Longs → shorts	−$1.92
Oct 7, 8 AM	+0.0112%	Longs → shorts	−$1.12

Where a BTC position gets liquidated

Entry at $83,443, $1,000 of margin. The quick rule is 100 ÷ leverage; the estimate includes Kalshi's maintenance margin (opening margin ÷ 1.3, calibrated against the liquidation prices Kalshi's app shows). Kalshi's app shows your exact figure once a position is open.

Leverage	Quick rule	Long liquidates at	Short liquidates at
2x	50%	$47,919 (42.6%)	$109,921 (31.7%)
3x	33%	$63,894 (23.4%)	$97,706 (17.1%)
5x	20%	$76,675 (8.1%)	$87,933 (5.4%)

Run your own BTC position

Margin you put up ($)Entry price (blank = live $83,292)

Leverage: 3.0x(Kalshi max for this size and side: 6.8x)

Hold for

Order type

Your 30-day Kalshi volume

ESTIMATED LIQUIDATION PRICE · BTC LONG 3.0x

$63,776▼ 23.4% from $83,292

The quick rule (100 ÷ leverage) says 33%. Kalshi's maintenance margin eats part of that cushion, so the real distance is closer to 23.4%. Estimate from Kalshi's published risk parameters; the app shows your exact number once the position is open.

POSITION SIZE

$1,500

≈ 180 contracts

FEES IN + OUT

$3.60

0.120% × 2 fills

FUNDING, 7D

−$2.86

you pay

BREAK-EVEN MOVE

0.43%

up to cover costs

Liquidation insurance (Kalshi event contract)

Buy YES on Bitcoin below $65,000 (Bitcoin monthly one-touch, closes Oct 31, 11:59 PM ET) at 4¢.

Market's odds BTC trades below $65,000

3.0%

your liquidation is further out, so your odds are lower than this

Cover your $500 margin

$21.35

500 contracts, event-contract fee included

Strike vs your liquidation

1.92%

triggers before you are liquidated

A one-touch contract pays $1 if the price trades through the strike at any point before it closes, so it pays whether or not you were still holding the perp. The hedge closes on Oct 31, 11:59 PM ET; the perp does not. Re-hedge on the next month's ladder if you hold longer.

See this contract on Kalshi →

Live from Kalshi's public perps API, Oct 14, 2026, 3:14 AM ET. Funding uses the BTC 30-day average per 8-hour window (+0.0091%); a single print can run to Kalshi's ±2% cap. Liquidation ignores fees and funding already paid, which pull it closer. See every print on the Bitcoin perps page.

See it in your AI app

Forty-eight seconds: the 15-minute gold and Bitcoin boards, then Kalshi’s Bitcoin perpetual — price, open interest, leverage and funding — in one chat. Watch on YouTube

Connect it to your AI app →

What to know about Bitcoin perps

Bitcoin is Kalshi’s deepest perp and the only one where longs have consistently paid funding. It prices off the CF Benchmarks Bitcoin Real-Time Index, the same family of index Kalshi settles its hourly and 15-minute Bitcoin contracts on, which is why the monthly one-touch ladder is such a clean hedge for a leveraged long.

Reference price: CF Benchmarks Bitcoin Real-Time Index (BRTI), 1-second updates.

Bitcoin perps on Kalshi — frequently asked

What is the funding rate on Kalshi Bitcoin perps?

Bitcoin funds three times a day, at 12 a.m., 8 a.m. and 4 p.m. ET. Since launch the average has worked out to 8.3% a year paid by longs, and 51% of the 398 prints paid nothing because Kalshi rounds rates under 0.01% to zero. The most recent print was 0.0000%.

How much leverage can I use on Kalshi Bitcoin perps?

At a $1,000 position Kalshi allowed about 6.8x long and 6.4x short when this page last refreshed. Bigger positions get less. A 3x long sat about 23.4% above its liquidation price, because Kalshi liquidates at maintenance margin, not at zero.

What are the fees on Kalshi Bitcoin perps?

Kalshi charges perps fees on the full notional value of the position (margin × leverage), once to open and once to close. At the entry tier that is 0.120% for a taker fill and 0.020% for a resting maker fill; rates step down as your 30-day volume grows, and Kalshi counts your prediction-market volume toward that tier, not just perps.

Can I hedge a Bitcoin perp with a Kalshi event contract?

Yes. Kalshi lists a Bitcoin monthly one-touch ladder. Its contracts pay $1 if the price trades through the strike at any point before the deadline, so the strike nearest your liquidation price works as liquidation insurance. The perps calculator on this page finds the right strike and prices it.

Perps carry leverage and can lose your entire margin quickly. Numbers are read from Kalshi's public API and our own math; PredictionMarketsPicks is independent of Kalshi. Trade responsibly.

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