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Two-Sided Spread Capture

Starter is $19/month with 10 deploys per week. Upgrade as you grow.

Trades the KXBTC market on Kalshi. Every 30 seconds, if the spread between best bid and ask is at least 0.05, the strategy posts up to three limit orders on each side to capture it. Position size does not exceed 30 contracts, and orders are only placed when prices are between 0.05 and 0.95.

Kalshi·Apr 11 to May 11·Created 4mo ago
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Net P&L
+$939
Return +3130.4% on risk capital
Sharpe
2.88
Return Sharpe
Win rate
100.0%
28640 trades
Max drawdown
-$25
Peak to trough

What this backtest shows

Over the Apr 11 to May 11 window, this spread capture strategy on Kalshi turned in +$939 of simulated profit (+3130.4% on its configured risk capital), at a 2.88 Sharpe. It placed 28640 simulated trades and won 100.0% of them — a high hit rate — against shallow worst peak-to-trough drawdown of -$25.

Under the hood it simulated 705 Bitcoin (BTC) markets, closing 470 winning and 0 losing positions after $227 in modeled fees, an average of 954.7 trades a day. That trade-by-trade detail, the equity curve above, and the full rule set below are what separate this page from a one-line leaderboard entry.

Net PnL is the headline here; the Sharpe is unannualized over this short window, so read it as a within-sample texture of the equity curve rather than an industry-standard risk score. Because every figure comes from a single 30-day historical replay, it is best treated as a hypothesis to pressure-test rather than a forecast — the same rules can behave very differently once live fills, API latency, and shifting volatility enter the picture.

Market and data window

This backtest runs against Bitcoin (BTC) markets on Kalshi's hourly series across 30 days (Apr 11 to May 11). These are short-horizon contracts that open and settle on a fixed hourly cadence, so the strategy is measured across many independent events rather than one long trend. Rules are evaluated once per hour, and a signal can fill no earlier than the next tradable candle at top-of-book prices, net of Kalshi-style taker fees.

Related backtests

Compare other Bitcoin (BTC) hourly strategies backtested on Turbine:

  • Kalshi KXBTC Spread Capture — 2.89 Sharpe, +$1,551 simulated PnL
  • Kalshi KXBTC Spread Capture — 2.28 Sharpe, +$1,448 simulated PnL
  • Kalshi KXBTC Spread Capture — 2.84 Sharpe, +$1,355 simulated PnL

A few notes on these numbers

Methodology
Backtests replay supported historical market data, usually a 30-day Studio window, and evaluate strategy rules on the available cadence. Signals can fill no earlier than the next tradable step. Taker fills use top-of-book prices or available L2 depth, with Kalshi-style fees where modeled. Queue position, latency, and future liquidity are not fully modeled. Simulated P&L is net of modeled fees over the window.
Starting capital
Kalshi backtests use the strategy's configured max position as the risk-capital denominator. Return is computed from that configured capital, while total P&L is still shown in dollars.
Past performance
Backtested results are hypothetical. They are derived from historical data and do not reflect live execution risks like slippage beyond the orderbook, partial fills, API latency, or venue outages. Past performance does not guarantee future results.
Not financial advice
Nothing on this page is investment, legal, or tax advice. Prediction markets carry real risk of loss. Only trade with money you can afford to lose, and do your own research before deploying any strategy live.