Tools › Kalshi order book explained
Live example refreshed with the odds pages · checked November 7, 2026 at 16:22 UTC
On 2028 Democratic presidential nominee (Jon Ossoff), the best bid to buy YES is 24¢ and the best offer is 25¢, a spread of 1¢ around a 24.5¢ midpoint. The offer comes from the other side of the book: a NO bid at 75¢ is the same as selling YES at 25¢, because one YES and one NO always pay $1 together.
Bid: the highest price someone is willing to pay for YES right now. Offer (ask): the lowest price someone will sell YES for; on Kalshi it comes from the NO side, at $1 minus the best NO bid. Spread: the gap between the two, which you pay whenever you buy at the offer and later sell at the bid. Depth: how many contracts wait at each price; thin books move against a large order.
The price shown on market pages, here and elsewhere, is usually the midpoint between the bid and the offer, or the last trade. It is a probability estimate, not a price you are guaranteed to get.
Order book for 2028 Democratic presidential nominee (Jon Ossoff), read from Kalshi's public data November 7, 2026 at 16:22 UTC. It changes by the second; open the market on Kalshi for the current book.
| Price | Contracts |
|---|---|
| 24¢ | 8,843 |
| 23¢ | 55,301 |
| 22¢ | 40,517 |
| 21¢ | 58,734 |
| 20¢ | 10,190 |
| 19¢ | 7,589 |
| YES price | Contracts | NO bid |
|---|---|---|
| 25¢ | 57,704 | 75¢ |
| 26¢ | 99,620 | 74¢ |
| 27¢ | 11,329 | 73¢ |
| 28¢ | 31,755 | 72¢ |
| 29¢ | 53,106 | 71¢ |
| 30¢ | 1,066 | 70¢ |
Spread: 1¢ · midpoint 24.5¢ · contracts bid within 5¢ of the midpoint: 173,584 · offered within 5¢: 253,515.
| Contracts | Average price | vs best offer |
|---|---|---|
| 100 | 25.00¢ | +0.00¢ |
| 1,000 | 25.00¢ | +0.00¢ |
| 10,000 | 25.00¢ | +0.00¢ |
Walking the offers from the best price up, before fees. Bigger orders fill at worse prices: that is slippage. The slippage calculator does this for any book.
Costs of a trade: fee calculator, slippage calculator, payout calculator and APY calculator. All live prices: Kalshi odds today.
On 2028 Democratic presidential nominee (Jon Ossoff), the best bid to buy YES is 24¢ and the best offer is 25¢, a spread of 1¢ around a 24.5¢ midpoint. The offer comes from the other side of the book: a NO bid at 75¢ is the same as selling YES at 25¢, because one YES and one NO always pay $1 together.
Every contract has a YES and a NO side that together pay $1, so a bid to buy NO at a price is the same as an offer to sell YES at $1 minus that price. Listing bids on both sides therefore shows the whole book.
On busy markets the best bid and offer are often a cent or two apart; thin markets can be several cents wide. The wider the spread, the more you pay to trade in and out, on top of the fee.