Kalshi on Orca
Kalshi paper trading and live trading, on one desk.
Practice on Kalshi's event contracts with a paper bankroll, filled at the live bid and ask. When you're ready, connect a Kalshi API key and place real orders from the same desk. Orca adds no fee of its own.
Kalshi paper trading
Fake money, Kalshi's real order book.
01
Open a paper portfolio
It's free, and your paper cash is whatever you'd like to practice with.
02
Switch the picker to Kalshi
Browse trending Kalshi markets or search by name, then pick Yes or No. Buys fill at the ask and sells at the bid, so crossing the spread costs you here just as it would on Kalshi.
03
Settle on Kalshi's result
When a market resolves, Orca settles it from the result Kalshi posts. The same portfolio can hold Polymarket positions and copied whales too.
Kalshi live trading
Real orders, with your own API key.
Create an API key with read and trade scopes in your Kalshi account settings, then add it to a live Kalshi portfolio on Orca. You connect once. Orca stores the key encrypted and only uses it on its server to sign your orders. Your funds stay on Kalshi.
Pick a market, choose Yes or No, enter an amount and confirm. Orders are marketable limit orders that fill at once or cancel, so nothing is left resting on Kalshi. Kalshi's fee is folded into every estimate, and buys are sized so the total never exceeds the amount you enter.
Your balance and positions come straight from Kalshi. Orca charts your account value with a snapshot every hour and keeps deposits and withdrawals out of your returns. Connecting Kalshi, step by step
Copy trading and Kalshi
Copy whales on paper, beside your Kalshi trades.
Orca's copy trading follows Polymarket wallets in paper portfolios. A paper portfolio can run those copies and your own Kalshi paper trades side by side, on one cash balance and one equity curve.
A live Kalshi portfolio doesn't copy anyone: every order is one you place. Orca doesn't copy whales onto Kalshi automatically yet, so a paper portfolio is the place to find out who is worth following first. Polymarket copy trading on Orca
Fees and limits
Fees and limits on Kalshi.
- Orca fees
- 0% on live Kalshi orders. Paper trading is free.
- Kalshi's fee
- Kalshi charges its own trading fee on each contract. Orca includes it in every live estimate before you confirm.
- Smallest order
- $1. Some markets allow fractional contracts; on the rest, buys round down to whole contracts.
- Plans
- Kalshi paper trading is free. Live trading is included with Pro, for $9 a month or $59 a year.
- Venues
- A live portfolio trades on Kalshi or on Polymarket, chosen when you open it. Open another for the other venue.
- Paper fills
- Kalshi paper trades fill in full at the quoted bid or ask, without Kalshi's fee. Treat large ones as a best case.
FAQs
Common questions about paper trading and live trading Kalshi markets on Orca, from connecting your account to fees.
Can you paper trade on Kalshi?
Yes, on Orca. Open a free paper portfolio, switch the market picker to Kalshi and trade with fake money. Buys fill at Kalshi's live ask and sells at the bid, and markets settle from Kalshi's posted result.
Can I copy trade on Kalshi?
Not automatically yet. Orca's copy trading follows Polymarket wallets in paper portfolios, which can hold your Kalshi paper trades too. A live Kalshi portfolio only places orders you confirm.
How does Orca connect to my Kalshi account?
With an API key you create in your Kalshi account settings, with read and trade scopes. You add it to a live Kalshi portfolio once. Orca stores it encrypted and uses it only on its server to sign your orders, and your funds stay on Kalshi.
Does Orca charge fees on Kalshi trades?
No. Orca adds 0% to live Kalshi orders. Kalshi's own trading fee still applies, and Orca includes it in every estimate before you confirm.
Is Kalshi trading on Orca free?
Paper trading is free: a free account includes one paper portfolio. Live trading on Kalshi is included with Pro, for $9 a month or $59 a year.
What's the smallest Kalshi order I can place?
$1. Some Kalshi markets allow fractional contracts; on the rest, buys round down to whole contracts.
More on Orca.
