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Kalshi spread & total ladders priced out of order

Every Kalshi spread and total ladder in 7 leagues — NFL · CFB · NBA · NHL · CBB · EPL · UCL — checked every scan for strikes priced out of order, with the contract linked on every row.

The monotonicity rule, on Kalshi
For strikes Xlo < Xhi on one side of one game:  P(margin > Xhi) ≤ P(margin > Xlo)
LOCKED    ask(Xlo) < bid(Xhi) · INVERTED  bid(Xhi) > bid(Xlo) · ask(Xhi) > ask(Xlo) · both books ≤ 15¢ wide · WIDE   ask − bid ≥ 3¢ on real volume
CROSS     same strike, two venues: ask(A) < bid(B) net of both venues' fees · GAP   |mid(A) − mid(B)| ≥ 3¢ on two real books
Fees come from each venue's published schedule; the board sorts and tiers on NET. Pro adds the resting orders, net-of-fee edge and ¼-Kelly size.

Quick Answer

Kalshi lists a spread or total as a ladder of strikes on one side of one game — measured November 9, 2026, about 33 spread strikes and 29 total strikes per NBA game, 25 and 19 per NFL game. A higher strike can never be worth more than a lower one on the same side; when Kalshi's book says otherwise it is here, labelled LOCKED (true arbitrage), INVERTED (crossed mids on real books) or WIDE (a market-making seat). Fees are Kalshi's published 7% × price × (1 − price) per contract at the fill; the board sorts and tiers on the net figure. The full board is free; Pro adds the resting orders, net-of-fee edge and ¼-Kelly size.

Kalshi spread & total ladders priced out of order

The same rule as the all-venue board, one order book at a time: a higher strike can never be worth more than a lower one on the same side of the same game. This page reads only Kalshi's ladders — NFL · CFB · NBA · NHL · CBB · EPL · UCL — and sets each strike beside the other venues where they list it. Other venues: Novig · Polymarket US.

Ladder integrity this scan

0 of 4,244 adjacent pairs out of order · scanned Mon 8:30 PM ET

Adjacent strike pairs priced out of order on real two-sided books (both ≤ 15¢ wide), pre-kickoff, by venue and league.

  • NFL
    0.0%
    537 pairs · Kalshi
  • CFB
    0.0%
    3,044 pairs · Kalshi
  • NBA
    0.0%
    311 pairs · Kalshi
  • NHL
    0.0%
    150 pairs · Kalshi
  • CBB
    0.0%
    202 pairs · Kalshi
Loading the board…

Kalshi ladder depth

Pre-kickoff strikes per game on two-sided books, by venue, league and market kind — measured on each venue's latest scan, not quoted from a brochure.

VenueLeagueSpread strikes / gameTotal strikes / gameGames
KalshiNFL25.31913
KalshiCFB29.41967
KalshiNBA28.428.47
KalshiNHL48.916
KalshiCBB9.99.938

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How the Kalshi scan works

Every scan pulls every open market in Kalshi's 21 ladder series through the public REST API, groups them into one ladder per game, side and market kind, and checks every adjacent pair. Kickoff is the scheduled start (Kalshi's own timestamp runs three hours late), and a game that has started is dropped.

The same strikes are then set beside the other venues: a CROSS is the ask on one venue under the bid on another net of both venues' fees, a GAP two mids three cents or more apart on real books. The integrity tiles above the board and the depth table below it are measured on the latest scan, never quoted from a brochure.

Frequently Asked Questions

What does Kalshi list as a ladder?

Three market families per league, 21 series in all: the game winner, a spread ladder ("Atlanta wins by over 7.5 points", then 9.5, 11.5 …) and a total ladder ("Over 229.5 points", then 231.5 …). Each strike is its own contract with its own order book. Measured November 9, 2026, Kalshi listed about 33 spread strikes and 29 total strikes per NBA game, 25 and 19 per NFL game, 29 and 19 per college football game, 4 and 9 per NHL game and 13 and 15 per college basketball game; the live depth table on this page is the current count.

What does a Kalshi fill cost pregame?

7% × price × (1 − price) per contract, charged to the taker at the fill, win or lose — about 1.75¢ on a 50¢ contract and near zero at the extremes. Most Kalshi series charge makers nothing; a few carry a maker fee at a quarter of the taker rate, and the scanner reads each series' own multiplier from the API. Every row here reports the gross edge free and nets the fee on both legs before it tiers.

How do Kalshi's books differ from Novig's and Polymarket US's?

Kalshi quotes whole cents on a $1 contract with a two-sided book at most strikes and real traded volume we can show. Novig quotes to the millicent on 1¢ contracts and publishes size at the quote rather than volume; its pregame game lines carry no fee at all. Polymarket US quotes quarter-cent ticks on a $1 contract with a taker fee of the same shape as Kalshi's and publishes no liquidity figure. The scanner reads all three on their own clocks and shows each venue's ladder integrity side by side — the Kalshi tiles here, and the Novig and Polymarket US tiles on their pages.

How does Kalshi compare on the same strike?

When Novig or Polymarket US lists the same game, side and strike, the scanner matches it to the Kalshi contract and reports CROSS (the ask on one venue sits under the bid on the other, net of both venues' fees — one leg per venue) or GAP (the two mids are three cents or more apart on real books, for information). A Kalshi–Novig cross carries the two-venue order pair for Pro; a cross that touches Polymarket US is shown as prices and arithmetic only.

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