KALSHI · CFTC-CLEARED BINARY CONTRACT · ELECTIONS

Who will win the next Peruvian presidential election?

YES · live

98.7¢

NO · live

1.2¢

▸ Advanced metrics · M2M bundle

kalshi · kxperupres-26-kfuj · fresh · feed 54s old

24h sparkline · 60 pts▲ 0.00%

realized vol (ann.)

22.30%

max drawdown

0.30%

sharpe

—

ulcer index

0.22%

RMS drawdown

pain index

0.19%

mean drawdown

mod. VaR 95%

0.02%

Cornish-Fisher

martin ratio

—

ret / ulcer

CDaR 95%

0.30%

cond. drawdown

gain/pain

1.00

Σgain / Σ|loss|

sterling

—

ret / CDaR

omega (θ=0)

1.00

upside/downside

roll spread

1.5 bps

implied (price-only)

bars used

735

store

spread

20.2 bps

24h Δ

0.00%

flow lean

—

carry

flat

signalNEUTRALconfidence 20%

Same bundle via M2M API: /api/m2m/kalshi-kxperupres-26-kfuj/bundle · venue execution: kalshi →

LIVEPOLL0SRCWARMING54.1s⏱--:--:-- UTCNEXT8.0sUP0s--:--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

98.7¢

NO · live

1.2¢

YES price · live 24h (Kalshi candlesticks)

no history

YES / NO split · live

Σ 99.90% · fair

Σ-sides total = 99.90% (tight rounding)

H(p) entropy = 0.094 / 1.00 bits (9%) · informative — one side favoured

YES

98.8%98.7¢1.01×▬ +0.00pp

1.2%1.2¢83.33×▬ +0.00pp

Σ 99.90% · arb gap 0.10pp

Live numerics · pulse on poll

LIVE NUMERICS9 metrics·POLL 0

⏱snapshot age

54.1s

·ticker

KXPERUPRES-26-KFUJ

▲YES bid

98.70¢

▲YES ask

98.90¢

ΣΣ sides

99.90%

⚖arb gap

0.100pp

$24h vol $

$23.9k

◐open interest $

$849.3k

◳history points

0 bars (live)

§1 · Quote

Ticker: KXPERUPRES-26-KFUJ
Event ticker: KXPERUPRES-26
YES bid / ask: 98.70¢ / 98.90¢ (spread 0.20pp)
NO bid / ask: 1.10¢ / 1.30¢
Last YES: 98.70¢
Σ-sides: 99.90% (arb gap 0.10pp)

§2 · Activity

Volume 24h: $23.92k
Volume total: $2.65M
Open interest: $849.31k
Liquidity: $0.00
Close time: 2027-04-12T14:00:00Z · 301.9d 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 (735 bars · effective 350776 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 301.9 d · σ/bar 0.038pp · expected |Δp| over horizon 3.21ppterminal variance p(1−p) = 0.0128 · n = 735✓ n = 735

μ per bar

+0.000pp

average Δp · drift

σ per bar

0.038pp

one-bar volatility · logit-free

Per-day movedaily

0.18pp

σ × √24

Per-horizon move302d

3.21pp

σ × √7246.667132777777

Terminal variancebinary

0.0128

p(1−p) at resolution

Current pricep

98.7¢

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 0.06pp · ES₉₅ 0.08pp · method parametric · drift-correcteddrift +0.000pp/bar · quantised: yes · median step 0.10pp · unique ratio 0.01✓ n = 735

VaR 95%

0.06pp

1.645·σ (parametric) of Δp

ES 95%

0.08pp

mean of the tail

Max drawdown

0.3pp

peak 98.9¢ → trough 98.6¢

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

98.7%

= price

Decimal oddsEU

1.013

total return per $1

AmericanUS

-7592

risk $7592 to win $100

FractionalUK

0.01 / 1

profit per $1 risked

Profit per $100stake

+$1.32

clean dollar framing

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)

0.100 bit

max 1.0 at p = 0.5

Your entropyH(q)

0.100 bit

Δ +0.000 bit vs market

Surprise · YES−log₂ p

0.02 bit

self-information

Surprise · NO−log₂(1−p)

6.27 bit

self-information

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: 2026-06-14 15:19:04 UTC
Snapshot age: 54.1s
SHA-256 attestation: 23511005600de4cf7da1230debdd51ebc9d9a96c34fc8735e5bad2b473e88424 · 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 · 735 barsperiods/year ≈ 350.8K

Realized vol (annualised)

22.59%

σ per bar = 0.000381

Mean return (annualised)

0.00%

μ per bar = 0.000000

Sharpe (rf=0)

0.00

annualised; risk-free assumed zero

Max drawdown

0.30%

peak 0.99 → trough 0.99 over 121 bars

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