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Kalshi payout calculator

Enter the price you would pay for a YES or NO contract, your size, and your own probability estimate. The math assumes a binary $1 payout per winning contract.

Quick answer: a Kalshi payout estimate starts with contracts times $1 if the trade is right, then subtracts your entry cost and fee estimate. The break-even price is total cost divided by contracts, shown in cents. This calculator keeps the math visible and lets you copy a clean scenario summary for notes, Telegram, Reddit, or Quora.

Inputs

Cents per $1 payout
Each winning contract pays $1
Manual estimate in dollars
Your fair probability estimate

Scenario

Cents received per contract

Estimate only. This page does not pull live Kalshi quotes, does not know the current Kalshi fee schedule, and does not include taxes, rebates, slippage, partial fills, or order-book depth. Not financial, tax, or legal advice.

Results

Net result in selected scenario$0.00
Total cash at risk$0.00
Net profit if right$0.00
Implied probability0.0%
Break-even after fees0.0c
Gross payout if right$0.00
EV at your probability$0.00

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Fees What you actually pay per trade Order book How to read bid, ask, spread, and depth Order types Limit, market, and IOC orders Risk A realistic take on making money