Overview

Kalshi perpetual futures (“perps”) are CFTC-regulated, cash-settled contracts that track an underlying asset with no expiry. Positions are held with margin and pay a funding rate every 8 hours to keep the contract price aligned with the underlying. Allium provides comprehensive Kalshi perps data, enabling analysis of trading activity, price and orderbook dynamics, open interest, and funding across all listed perpetual markets.

Kalshi Perps Data Coverage

Protocol	Type	Data Coverage
Kalshi	Centralized	Trades, minute candlesticks, markets, orderbook, funding estimates

All Kalshi perps data is available in the common.perpetuals schema.

Data Schemas

Schema	Description	Use Cases
Trades	Individual perp trades with price, size, and taker side	Volume analysis, price discovery, flow analysis
Candlesticks	Per-minute OHLC for price, bid, and ask plus volume and open interest	Technical analysis, charting, volatility studies
Markets	Per-market snapshots with pricing, open interest, mark prices, and leverage	Market discovery, mark-price tracking, leverage analysis
Orderbook	High-freshness orderbook snapshots with bid and ask levels	Liquidity analysis, spread monitoring, depth assessment
Funding Estimate	Live forward funding-rate estimates per market	Funding-cost monitoring, carry analysis
Funding Rates	Settled funding rates (every 8 hours) per market	Realized funding cost, carry reconciliation

Available Tables

Table	Schema	Description
trades	`common.perpetuals`	Individual perp trades
candlesticks	`common.perpetuals`	Per-minute OHLC, volume, and open interest
markets	`common.perpetuals`	Per-market snapshots with mark prices and leverage
orderbook	`common.perpetuals`	High-freshness orderbook snapshots
funding_estimate	`common.perpetuals`	Live forward funding-rate estimates
funding_rates	`common.perpetuals`	Settled funding rates (every 8 hours)

Key Concepts

Funding

Perps pay a funding rate every 8 hours. A positive funding rate means longs pay shorts; a negative rate means shorts pay longs. funding_estimate carries the live forward estimate for the upcoming funding time.

Mark Prices

Each market carries a reference_price (index), a settlement_mark_price, and a liquidation_mark_price, each with its own timestamp.

Pricing

Perp prices are quoted in US dollars per contract (not on a 0-1 probability scale). contract_size gives the underlying units per contract, and underlying_price (= price / contract_size) gives the per-underlying-asset price. For example, a BTC perp trading at 6.45 with contract_size 0.0001 has an underlying_price of $64,500.

Sample Queries

Recent Trades
Latest Funding

Query recent Kalshi perp trades:

select
  trade_id,
  ticker,
  created_time,
  num_contracts,
  price,
  taker_side,
  partition_date
from common.perpetuals.kalshi_trades
where partition_date >= current_date - interval '7 days'
order by created_time desc
limit 100

Query the most recent funding estimate per market:

select
  market_ticker,
  funding_rate,
  mark_price,
  next_funding_time
from common.perpetuals.kalshi_funding_estimate
where partition_date >= current_date - interval '1 day'
qualify row_number() over (partition by market_ticker order by snapshot_ts desc) = 1
order by market_ticker

Data Verticals

Solana

Hyperliquid

Lighter

Bitcoin Ecosystem

EVM

Cosmos Ecosystem

Move Ecosystem

Other Ecosystems

Overview

Kalshi Perps Data Coverage

Data Schemas

Available Tables

Key Concepts

Funding

Mark Prices

Pricing

Sample Queries

​Kalshi Perps Data Coverage

​Data Schemas

​Available Tables

​Key Concepts

​Funding

​Mark Prices

​Pricing

​Sample Queries

Kalshi Perps Data Coverage

Data Schemas

Available Tables

Key Concepts

Funding

Mark Prices

Pricing

Sample Queries