Kalshi Paper Trading Status

Page updated Oct 25, 2026 4:26 PM ET · Rebuilt every hour from the forward runners' latest state.

Total balance (both paper tests)

$2,002.78

Start $2,000 ($1,000 per test) · Net +$2.78 · Total settled trades: 6

Note: the page rebuilds hourly, but the paper runners themselves run every 6 hours, so a new trade shows up after the next runner batch, not instantly.

Per-test status

C28 — 45-day refit

$990.10

Start $1,000 · Net $-9.90

Trades: 3 · Wins: 2 · Peak: $1,000.00 · Max drawdown: $19.72

Current params: k=2.0 · day stop $40 · 2 straight losses

Data processed through Oct 25, 2026 10:15 AM ET

C28 variant — 14-day refit

$1,012.68

Start $1,000 · Net +$12.68

Trades: 3 · Wins: 3 · Peak: $1,012.68 · Max drawdown: $0.00

Current params: k=3.0 · day stop $60 · 3 straight losses

Data processed through Oct 25, 2026 2:45 PM ET

Recent transactions (newest first)

Closed (ET)	Test	Market	Side	Contracts	Fill price	Fee	Net
Oct 25, 2026 12:30 PM ET	C28 variant — 14-day refit	KXBTC15M-26OCT251230-30	NO	22	0.86	$0.22	+$2.86
Oct 23, 2026 8:45 PM ET	C28 — 45-day refit	KXBTC15M-26OCT232045-45	NO	25	0.76	$0.50	+$5.50
Oct 23, 2026 8:45 PM ET	C28 variant — 14-day refit	KXBTC15M-26OCT232045-45	NO	25	0.76	$0.50	+$5.50
Oct 23, 2026 6:15 PM ET	C28 — 45-day refit	KXBTC15M-26OCT231815-15	NO	24	0.80	$0.48	+$4.32
Oct 23, 2026 6:15 PM ET	C28 variant — 14-day refit	KXBTC15M-26OCT231815-15	NO	24	0.80	$0.48	+$4.32
Oct 22, 2026 10:30 AM ET	C28 — 45-day refit	KXBTC15M-26OCT221030-30	YES	34	0.56	$0.68	$-19.72

Net is after Kalshi fees, per the forward runner's paper model. Win/loss is as recorded by the forward runner. This page shows the 30 newest settled trades.