Platinum Perps on Kalshi: Funding, Leverage and Liquidation Price
Live from Kalshi's public data: what a XPT perp costs to hold, how much leverage you get, and where a position gets liquidated. Trades 24/5 — Sun 6 PM ET to Fri 5 PM ET.
Platinum funding since launch
| Funding time (ET) | Rate | Who paid | On $10,000 long |
|---|---|---|---|
| Sep 25, 10 AM | +0.0471% | Longs → shorts | −$4.71 |
| Sep 24, 10 AM | +0.0826% | Longs → shorts | −$8.26 |
| Sep 23, 10 AM | 0.0000% | Nobody | $0.00 |
Where a XPT position gets liquidated
Entry at $1,783, $1,000 of margin. The quick rule is 100 ÷ leverage; the estimate includes Kalshi's maintenance margin (opening margin ÷ 1.3). Kalshi's app shows your exact figure once a position is open.
| Leverage | Quick rule | Long liquidates at | Short liquidates at |
|---|---|---|---|
| 2x | 50% | $1,009 (43.4%) | $2,420 (35.7%) |
| 3x | 33% | $1,345 (24.6%) | $2,151 (20.6%) |
| 5x | 20% | $1,614 (9.5%) | $1,936 (8.6%) |
Run your own XPT position
The quick rule (100 ÷ leverage) says 33%. Kalshi's maintenance margin eats part of that cushion, so the real distance is closer to 24.6%. Estimate from Kalshi's published risk parameters; the app shows your exact number once the position is open.
Kalshi doesn't list a monthly Platinum ladder to hedge against yet. BTC, ETH, SOL, XRP, DOGE, gold and silver have one.
Live from Kalshi's public perps API, Sep 25, 2026, 9:30 PM ET. Funding uses the XPT 30-day average per daily window (+0.0432%); 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 Platinum perps page.
What to know about Platinum perps
Platinum perps trade 24/5, from Sunday 6 p.m. ET to Friday 5 p.m. ET, and fund once a day. They are the newest and thinnest perps on Kalshi, so read the spread and open interest before sizing.
Reference price: Metals reference index.
Frequently Asked Questions
What is the funding rate on Kalshi Platinum perps?
Platinum funds once a day at 10 a.m. ET. Since launch the average has worked out to 15.8% a year paid by longs, and 33% of the 3 prints paid nothing because Kalshi rounds rates under 0.01% to zero. The most recent print was +0.0471%.
How much leverage can I use on Kalshi Platinum perps?
At a $1,000 position Kalshi allowed about 6.6x long and 7.3x short when this page last refreshed. Bigger positions get less.
What are the fees on Kalshi Platinum 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 Platinum perp with a Kalshi event contract?
Not directly yet. Kalshi doesn’t list a monthly Platinum ladder to hedge against. Bitcoin, Ethereum, Solana, XRP, Dogecoin, gold and silver have one.
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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