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Spread closed Spread inverted — both legs together cost more than the $1 payout.

Current cost 100.0¢ · ROI -2.0% · After fees $-0.0200

-2.0%
−$2.00
Per 100 contracts
Quote 12m ago

The playbook

Step · Buy YES on Kalshi

42.0¢ · 42% implied

Pays $1.00 if yes wins.

6:15:29 PM 12m ago
Open Kalshi

Step · Buy NO on Polymarket

58.0¢ · 58% implied

Pays $1.00 if no wins.

6:15:46 PM 12m ago
Open Polymarket

Step · Either way, -2.0% return

Spent (100 contracts)
$100.00
Wins back
$100.00
Profit
−$2.00

One side wins, the other doesn't — but you bought both for less than $1, so you keep the spread no matter how the market resolves.

12m since oldest sync

Worked example

Size the trade in contracts — one pair (YES + NO) guarantees $1 at settlement. Scale up or jump to ~$100 committed.

contracts

Each contract pair costs 100.0¢ and pays $1.00 at resolve.

Leg Price Stake
KAL YES 42.0¢ $42.00
POL NO 58.0¢ $58.00
Total committed $100.00
Guaranteed payout $100.00
Est. fees (~2%/leg) −$2.00
Net profit (after fees) −$2.00

Before you trade

  1. 01

    Prices move.

    Both legs must fill at or better than the shown prices to lock in the quoted ROI. If you hesitate, the spread can close — or invert. Enter both orders quickly.

  2. 02

    Venue fees are in.

    We net out a 2% fee per leg (4% round-trip). If your actual fee schedule is lower, your profit is higher than the number above.

  3. 03

    Settlement timing.

    Funds are locked until resolution. That can be minutes (game-end) to months (political markets). Plan the capital, not just the trade.

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