Ethereum Perps on Kalshi: Funding, Leverage and Liquidation Price

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

Price

$2,113

mark · last $2,113

Max leverage

4.9x / 4.9x

long / short at $1K

24h volume

$365.2M

open interest $5.4M

Next funding

Nov 10, 8:00 AM ET

running estimate +0.0113%

Ethereum funding since launch

Across 479 funding prints since Jun 3, 2026, longs have collected 0.0% a year on average. That is $0.25 collected on a $10,000 long held the whole way. Longs paid in 11% of windows, shorts paid in 11%, and 78% paid nothing. The last 30 days averaged +0.0061% per window.

Funding time (ET)	Rate	Who paid	On $10,000 long
Nov 10, 12 AM	0.0000%	Nobody	$0.00
Nov 9, 4 PM	0.0000%	Nobody	$0.00
Nov 9, 8 AM	−0.0209%	Shorts → longs	+$2.09
Nov 9, 12 AM	−0.0273%	Shorts → longs	+$2.73
Nov 8, 4 PM	0.0000%	Nobody	$0.00
Nov 8, 8 AM	+0.0153%	Longs → shorts	−$1.53
Nov 8, 12 AM	+0.0171%	Longs → shorts	−$1.71
Nov 7, 4 PM	+0.0130%	Longs → shorts	−$1.30
Nov 7, 8 AM	+0.0101%	Longs → shorts	−$1.01
Nov 7, 12 AM	0.0000%	Nobody	$0.00
Nov 6, 4 PM	+0.0102%	Longs → shorts	−$1.02
Nov 6, 8 AM	0.0000%	Nobody	$0.00
Nov 6, 12 AM	+0.0110%	Longs → shorts	−$1.10
Nov 5, 4 PM	+0.0199%	Longs → shorts	−$1.99
Nov 5, 8 AM	+0.0221%	Longs → shorts	−$2.21
Nov 5, 12 AM	0.0000%	Nobody	$0.00
Nov 4, 4 PM	0.0000%	Nobody	$0.00
Nov 4, 8 AM	+0.0146%	Longs → shorts	−$1.46
Nov 4, 12 AM	+0.0110%	Longs → shorts	−$1.10
Nov 3, 4 PM	0.0000%	Nobody	$0.00
Nov 3, 8 AM	+0.0140%	Longs → shorts	−$1.40

Where a ETH position gets liquidated

Entry at $2,113, $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%	$1,291 (38.9%)	$2,687 (27.2%)
3x	33%	$1,721 (18.5%)	$2,388 (13.0%)

Run your own ETH position

Margin you put up ($)Entry price (blank = live $2,115)

Leverage: 3.0x(Kalshi max for this size and side: 4.9x)

Hold for

Order type

Your 30-day Kalshi volume

ESTIMATED LIQUIDATION PRICE · ETH LONG 3.0x

$1,722▼ 18.5% from $2,115

The quick rule (100 ÷ leverage) says 33%. Kalshi's maintenance margin eats part of that cushion, so the real distance is closer to 18.5%. Estimate from Kalshi's published risk parameters; the app shows your exact number once the position is open.

POSITION SIZE

$1,500

≈ 709 contracts

FEES IN + OUT

$3.60

0.120% × 2 fills

FUNDING, 7D

−$1.92

you pay

BREAK-EVEN MOVE

0.37%

up to cover costs

Liquidation insurance (Kalshi event contract)

Buy YES on Ethereum below $1,750 (Ethereum monthly one-touch, closes Nov 30, 11:59 PM ET) at 20¢.

Market's odds ETH trades below $1,750

19.0%

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

Cover your $500 margin

$105.60

500 contracts, event-contract fee included

Strike vs your liquidation

1.60%

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 Nov 30, 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, Nov 10, 2026, 3:15 AM ET. Funding uses the ETH 30-day average per 8-hour window (+0.0061%); 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 Ethereum perps page.

What to know about Ethereum perps

Ethereum funds three times a day like every Kalshi crypto perp. Smaller coins get less leverage than Bitcoin and Ethereum, and on most of them shorts have paid longs more often than the other way around.

Reference price: CF Benchmarks real-time index (Kalshi help center, BTC contract specs).

Ethereum perps on Kalshi — frequently asked

What is the funding rate on Kalshi Ethereum perps?

Ethereum 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 -0.0% a year paid to longs, and 78% of the 479 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 Ethereum perps?

At a $1,000 position Kalshi allowed about 4.9x long and 4.9x short when this page last refreshed. Bigger positions get less. A 3x long sat about 18.5% above its liquidation price, because Kalshi liquidates at maintenance margin, not at zero.

What are the fees on Kalshi Ethereum 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 Ethereum perp with a Kalshi event contract?

Yes. Kalshi lists a Ethereum 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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