KALSHI · CFTC-CLEARED BINARY CONTRACT · ELECTIONS

Who will win the next Peruvian presidential election?

YES · live
98.5¢
NO · live
1.4¢

▸ Advanced metrics · M2M bundle

kalshi · kxperupres-26-kfuj · fresh · feed 1m old
24h sparkline · 60 pts▼ —
realized vol (ann.)
0.00%
max drawdown
0.00%
sharpe
—
ulcer index
0.00%
RMS drawdown
pain index
0.00%
mean drawdown
mod. VaR 95%
0.00%
Cornish-Fisher
martin ratio
—
ret / ulcer
CDaR 95%
0.00%
cond. drawdown
gain/pain
—
Σgain / Σ|loss|
sterling
—
ret / CDaR
omega (θ=0)
1.00
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
183
store
spread
10.1 bps
24h Δ
—
flow lean
—
carry
flat
signalNEUTRALconfidence 20%
Same bundle via M2M API: /api/m2m/kalshi-kxperupres-26-kfuj/bundle · venue execution: kalshi →
LIVEPOLL0SRCWARMING1.1m⏱--:--:-- UTC8NEXT8.0sUP0s--:--HIST0/30
▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC WARMING·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC WARMING·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·
YES · live
98.5¢
NO · live
1.4¢
YES price · live 24h (Kalshi candlesticks)
no history
no history
YES / NO split · live
YES 98.5%NO 1.5%YES98.5%98.50¢ · odds 1/1.02
Σ 99.95% · fair
Σ-sides total = 99.95% (tight rounding)
H(p) entropy = 0.109 / 1.00 bits (11%) · informative — one side favoured
YES
98.5%98.5¢1.02×▬ +0.00pp
NO
1.5%1.4¢68.97×▬ +0.00pp
Σ 99.95% · arb gap 0.05pp
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
1.1m
·ticker
KXPERUPRES-26-KFUJ
▲YES bid
98.50¢
▲YES ask
98.60¢
ΣΣ sides
99.95%
⚖arb gap
0.050pp
$24h vol $
$6.9k
◐open interest $
$824.5k
◳history points
0 bars (live)

§1 · Quote

Ticker
KXPERUPRES-26-KFUJ
Event ticker
KXPERUPRES-26
YES bid / ask
98.50¢ / 98.60¢ (spread 0.10pp)
NO bid / ask
1.40¢ / 1.50¢
Last YES
98.50¢
Σ-sides
99.95% (arb gap 0.05pp)

§2 · Activity

Volume 24h
$6.90k
Volume total
$2.79M
Open interest
$824.54k
Liquidity
$0.00
Close time
2027-04-12T14:00:00Z · 296.1d from now
Status
active

§3 · Resolution rules

If the winner of the next Peruvian presidential election is Keiko Fujimori, then the market resolves to Yes.

▸ Depth section using sovereign-store price series (566 bars · effective 347249 bars/year) — annualisation reflects native polling cadence, not upstream timeframes.

§4 · Honest position analytics

A binary-market analytics module framed in horizon time (days to resolution, not annualised). Estimators that need a model probability q as a first-class input (Kelly, KL divergence, Bayesian posterior, Mark-to-Market MC) only render when q is provided externally. Sweep an exploratory q at the interactive simulator →

§5 · Horizon returns

Returns · per bar / per day / per horizon
Horizon 296.1 d · σ/bar 0.110pp · expected |Δp| over horizon 9.30ppterminal variance p(1−p) = 0.0148 · n = 566✓ n = 566
μ per bar
+0.003pp
average Δp · drift
σ per bar
0.110pp
one-bar volatility · logit-free
Per-day movedaily
0.54pp
σ × √24
Per-horizon move296d
9.30pp
σ × √7106.497519722223
Terminal variancebinary
0.0148
p(1−p) at resolution
Current pricep
98.5¢
latest snapshot
Note: annualised Sharpe/Sortino are omitted — they are not meaningful for a bounded fixed-horizon binary contract that snaps to {0, 1} at resolution.
Annualised metrics are intentionally omitted — they don't apply to bounded probability series that resolve at a fixed date.

§6 · Tail risk

VaR · ES · max drawdown
VaR₉₅ 0.18pp · ES₉₅ 0.22pp · method parametric · drift-correcteddrift +0.003pp/bar · quantised: yes · median step 0.10pp · unique ratio 0.04✓ n = 566
VaR 95%
0.18pp
1.645·σ (parametric) of Δp
ES 95%
0.22pp
mean of the tail
Max drawdown
1.3pp
peak 97.8¢ → trough 96.5¢
Median step
0.10pp
price bucket granularity
Price series is bucketed (cent grid). Empirical quantiles collapse to grid points — parametric N(0, σ²) used instead.
Empirical quantiles unless the price series is bucketed (PM cent grid), in which case parametric N(0, σ²) is used to avoid grid collapse.

§7 · Odds conversion

Odds conversion · every dialect a bettor thinks in
Implied probabilityP
98.5%
= price
Decimal oddsEU
1.015
total return per $1
AmericanUS
-6567
risk $6567 to win $100
FractionalUK
0.02 / 1
profit per $1 risked
Profit per $100stake
+$1.52
clean dollar framing
-1000-5000+500+1000020406080100you · 98.5%implied probability (%)American odds
underdog (+)favorite (-)your price
Price → implied probability → decimal odds → American moneyline → fractional. Five views of the same number, plus the moneyline curve.

§8 · Binary entropy

Binary entropy · uncertainty as bits of information
Market entropyH(p)
0.112 bit
max 1.0 at p = 0.5
Your entropyH(q)
0.112 bit
Δ +0.000 bit vs market
Surprise · YES−log₂ p
0.02 bit
self-information
Surprise · NO−log₂(1−p)
6.06 bit
self-information
0.000.260.530.791.050.00.20.40.60.81.0marketmodelprobabilityH (bits)
Market entropy only — model entropy requires an external q.

§9 · Model-dependent surfaces

§ Edge / Kelly / KL · no model probability provided

External model required

The position-economics, Kelly, KL-divergence, Bayesian and Monte-Carlo surfaces require a model probability q as input — a number independent of the market price p.

The previous build defaulted q to a tape-momentum heuristic derived from p; that produces apparent edge that is structurally guaranteed to be small and is not a useful skill signal. The auto-derived path has been removed.

To explore these surfaces with a hypothetical q, open the interactive simulator and drag the MODEL P(YES) slider. To wire a real model, POST to the NOSTRADAMUS hook (TBD) or pass ?q=… on the simulator URL.

§∞ · Provenance & attestation

Upstream
api.elections.kalshi.com
Snapshot fetched
2026-06-20 11:29:03 UTC
Snapshot age
1.1m
SHA-256 attestation
ddf65a5de2a270bbc698bd74ce5040fbc462c856fe40ca7bacf7f88546ac680a · deterministic hash of the source snapshot — proves this page was rendered from this exact data
Open data licence
CC0 / public domain · free to mirror, syndicate, analyse

Risk metrics

▸ sovereign store · 566 barsperiods/year ≈ 347.2K
Realized vol (annualised)
66.43%
σ per bar = 0.001127
Mean return (annualised)
943.14%
μ per bar = 0.000027
Sharpe (rf=0)
14.20
annualised; risk-free assumed zero
Max drawdown
1.33%
peak 0.98 → trough 0.96 over 13 bars

/api/asset/kalshi-kxperupres-26-kfuj/risk · same metrics, JSON