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Fee formulas from Kalshi's fee schedule effective July 7, 2026 · live fee types checked October 8, 2026 at 23:20 UTC
Kalshi charges takers round up(M x 0.07 x C x P x (1-P)) per order, where P is the price in dollars, C the number of contracts and M the series multiplier (1 unless the fee schedule says otherwise). 100 contracts at 50 cents cost $1.75 in fees; at 10 cents, $0.63. Makers pay only on series listed with maker fees: round up(M x 0.0175 x C x P x (1-P)), $0.44 for 100 contracts at 50 cents.
Fee: $1.75 (1.75¢ per contract)
Total cost with fee: $51.75
Profit if the contract pays $1: $48.25
Break-even chance: 51.8%
Fees are rounded up to the next cent per order, so splitting one order into many small ones can cost more.
| Price | 1 contract | 10 contracts | 100 contracts | Maker, 100 contracts | Break-even, 1 contract | Break-even, 100 contracts |
|---|---|---|---|---|---|---|
| 1¢ | $0.01 | $0.01 | $0.07 | $0.02 | 2% | 1.07% |
| 5¢ | $0.01 | $0.04 | $0.34 | $0.09 | 6% | 5.34% |
| 10¢ | $0.01 | $0.07 | $0.63 | $0.16 | 11% | 10.63% |
| 20¢ | $0.02 | $0.12 | $1.12 | $0.28 | 22% | 21.12% |
| 30¢ | $0.02 | $0.15 | $1.47 | $0.37 | 32% | 31.47% |
| 40¢ | $0.02 | $0.17 | $1.68 | $0.42 | 42% | 41.68% |
| 50¢ | $0.02 | $0.18 | $1.75 | $0.44 | 52% | 51.75% |
| 60¢ | $0.02 | $0.17 | $1.68 | $0.42 | 62% | 61.68% |
| 70¢ | $0.02 | $0.15 | $1.47 | $0.37 | 72% | 71.47% |
| 80¢ | $0.02 | $0.12 | $1.12 | $0.28 | 82% | 81.12% |
| 90¢ | $0.01 | $0.07 | $0.63 | $0.16 | 91% | 90.63% |
| 95¢ | $0.01 | $0.04 | $0.34 | $0.09 | 96% | 95.34% |
| 99¢ | $0.01 | $0.01 | $0.07 | $0.02 | 100% | 99.07% |
Multiplier M = 1. The maker column applies only to series listed with maker fees. Break-even = the chance the contract must win for a taker order to make back its price and fee: small orders need more because the fee is rounded up per order. Current availability, prices, close time, fees, and settlement wording must be verified on Kalshi directly before trading.
From Kalshi's public series data, checked October 8, 2026 at 23:20 UTC.
How the schedule works, with official examples and deposit costs: Kalshi fees explained. Terms: taker fee, maker fee, fee multiplier. Also: payout calculator, slippage calculator, APY calculator, how to read the order book and Kalshi odds today.
Kalshi charges takers round up(M x 0.07 x C x P x (1-P)) per order, where P is the price in dollars, C the number of contracts and M the series multiplier (1 unless the fee schedule says otherwise). 100 contracts at 50 cents cost $1.75 in fees; at 10 cents, $0.63. Makers pay only on series listed with maker fees: round up(M x 0.0175 x C x P x (1-P)), $0.44 for 100 contracts at 50 cents.
Only on series listed in the fee schedule's maker fees section; elsewhere resting orders pay no trading fee. Of the 25 most traded markets checked on October 8, 2026, 10 carry maker fees.
The price plus the fee per contract. Buying 100 contracts at 50 cents as a taker costs $1.75 in fees, so the contract has to win 51.75% of the time to break even; a single contract at 50 cents needs 52%, because the fee is rounded up to the cent on every order. At 90 cents, 100 contracts break even at 90.63%.
The July 7, 2026 fee schedule lists no settlement fee, no membership fee and no ACH deposit or ACH withdrawal fee; a card deposit can carry up to 2%.