What is the fee on Kalshi for this market?

At the current typical price of 3¢, about 0¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $3.41.

What win rate do I need to break even?

About 3% if you hold to settlement, against a market price of 3%. The gap is the fee.

Markets › Kalshi › Financials

S&P 500 max yearly on Kalshi

If the value of the S&P 500 index value starting Jan 1, 2026 and ending before Jan 1, 2027 is above 8999.99, then the market resolves to Yes.

Settles on: For example, Google Finance.

Market says (typical open contract)

Median YES price across 6 open contracts, 10 Nov 2026 04:28 UTC.

Real-world odds

—

No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.

Luck needed meter

5% 😈

All but decided, says the market. The remaining cents are the price of the rare surprise, and the fee comes off them first.

The cover charge

Fee and break-even by purchase price
If you buy at	Fee per contract	On $50	Win rate to break even
3¢ (now)	0.2¢	$3.40	3.2%
30¢	1.5¢	$2.45	31.5%
50¢	1.8¢	$1.75	51.7%
70¢	1.5¢	$1.05	71.5%
90¢	0.6¢	$0.35	90.6%

Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.

How long until your balance is $0 in this market? →

Open contracts right now

Open contracts in this series with price, implied probability, volume and close time
Contract	YES price	Implied	Fee at this price	Real-world odds	Luck needed	Volume	Closes
Will the maximum SP500 value reach 7999.99 by Jan 1, 2027? · 8,000 or above	33¢	33%	1.6¢	—	66%	485,897	Jan 01, 11:00 UTC
Will the maximum SP500 value reach 8199.99 by Jan 1, 2027? · 8,200 or above	12¢	12%	0.7¢	—	23%	233,144	Jan 01, 11:00 UTC
Will the maximum SP500 value reach 8399.99 by Jan 1, 2027? · 8,400 or above	3¢	3%	0.2¢	—	5%	142,476	Jan 01, 11:00 UTC
Will the maximum SP500 value reach 8599.99 by Jan 1, 2027? · 8,600 or above	2¢	2%	0.2¢	—	5%	110,853	Jan 01, 11:00 UTC
Will the maximum SP500 value reach 8999.99 by Jan 1, 2027? · 9,000 or above	1¢	1%	0.1¢	—	2%	97,057	Jan 01, 11:00 UTC
Will the maximum SP500 value reach 8799.99 by Jan 1, 2027? · 8,800 or above	2¢	2%	0.1¢	—	4%	63,904	Jan 01, 11:00 UTC

Who actually wins this market

Whoever posts the resting orders and collects the spread without paying a fee.
The venue, on every fee.
Not, on average, the person clicking buy because the chart is going their way. That was us.

Still want to play? Read the deal first: what the account asks for, what the bonus really is, and whether we are paid. Vendors sell bots for markets like this one; see the bot benchmark before you pay for one.