Kalshi推出CFTC监管的加密永续合约，美国用户可交易

This is big. Kalshi becomes the first CFTC regulated US exchange in history to offer both Bitcoin and crypto perpetual futures, aka perps, which has been doing crazy volume in just the first few weeks and growing.

Prediction markets platform Kalshi surpassing $1 billion in trading volume since launching perpetual futures contracts last week.

And this is a massive opportunity for me as a US citizen because while the perps market is huge offshore yet unregulated.

So you know perpetuals are actually one of the largest asset classes on the planet today. It's trading over 90 trillion dollars of volume annually. All of which is offshore.

This now changes the game in a very big way meaning legal protections, meaning federal oversight and we are early. Let me explain what a perpetual is, how do you trade it, what are the risks because there are risks as well as the benefits, what are the strategies to win. And because Kalshi is a channel partner, I will walk you through the platform and show you how to trade perpetuals and best tips to actually win. But first off very quickly just to clue everybody in, what are perpetuals?

Perpetual futures lets you trade the price of an asset like Bitcoin without owning it. They use leverage and they never expire. And the fact that perpetuals don't expire is a big reason that they're taking off in a very big way because typically for futures trading you not only have to be directionally right meaning I bet Bitcoin for example is going to go up, but typically you also have to be correct on when that happens.

That's a whole lot harder. Perpetuals don't expire so you just have to be right directionally as long as you're willing to fund the trade. And I loved this very concise, very easy to understand explanation on perps from Kalshi co-founder.

Sometimes you have a view on where something is going and by when, but a lot of times you just have a view on where something is going, not exactly by when. And futures, the issue with them is that they force you to basically have a view on when. So, you have to close out the position and open it again if you want to hold it for longer, which makes you pay fees. Whereas perpetuals avoid you those fees. So, at at the end of the day, they're simpler, they're cheaper, and they're more accessible for consumers.

So, you're not buying the asset, you're trading the asset on which direction the price will move. If you think it's going to go up, you go long. If you think it's going to go down, you go short. You basically just open the position, ride the move, close when you want. Now, there are no expiration dates with perps, you know this, but the two things to watch that separate beginner traders and expert traders, the two things to watch, are the leverage and the liquidations.

Leverage amplifies your position to the positive or to the negative. Let's just say you open a position, you deposit your collateral, also called the margin, and you trade it at 5x leverage. So, $1,000 of margin at 5x controls a $5,000 position, meaning a 10% move in the asset becomes a 50% move in your collateral in either direction. Live by the sword, die by the sword. And of course, we also have liquidation, looking at a recent trade I opened on Solana, my position.

What I like about Kalshi is it tells you if your liquidation, the the liquidation of your trade, is healthy, at risk, or at very high risk. If you get liquidated, you lose your position. When your perp falls below the liquidation price, in this case if I'm longing, if it falls below the liquidation price, your position will be closed automatically. Add funds to your position to increase the buffer. So again, they make it very easy.

If if I'm long Solana, yet the price starts to correct, it starts to go down, and if I'm at risk for being liquidated, I can always add to my position to make my liquidation risk healthy again. Now, let's do the walk-through. The only other thing I do want to point out is also understand the funding rate. When the funding rate is positive, longs pay shorts. When the funding rate is negative, shorts pay longs. This is what allows the trade to stay open 24/7 and allows for the perp to go on forever.

The funding rate will affect you depending on whether you're long or short and what the market is. Also, understand your take profits and your stop losses. Take profits and stop losses help you manage when you exit. So, your take profit can lock in your gains at your target price, while setting a stop loss can save you and help limit your loss if the market moves against you. This again separates beginner traders from pro traders, and let's do a walk-through.

Say you use the link down below, sign up for Kalshi. You're going to have to go through KYC, know your customer, give them your ID. Again, this is all regulated. This is all compliant. Kalshi is obviously a prediction market, but we're going to go over to perps. Kalshi offers both, and you can see the differences, but to me, the biggest two differences are one, you have the option of leverage, prediction markets you don't, and perpetuals, they have no fixed end date.

Prediction markets always resolve a yes or a no on a date. So, again, we're in perps. People like trading Bitcoin. People like trading sweet. If you think, for example, if you are I I'm very bullish on Bitcoin. I'm very bullish on Ethereum, but say I'm not that bullish on uh Shib. I'm not that bullish on Doge. I'm not that bullish on B-cash. I want to short them. If you're trading futures, perpetual futures, you can make money when the price goes down as well.

So, say I want to short KSHIB Perp. We can go down here, see all the basic info of the contract. It says KSHIB, but this is Shiba Inu trading on the price of SHIB, Shiba Inu. If I wanted to short the hell out of SHIB, again, do your do your own research. Do what's best for you. I'm just doing what's best for me. There's two different options. We can market order or limit order. Now, limit order I use much more, I like better, because it allows the price to come to you.

With market order, I have to trade it at the price it is at the moment. So, we'll do market first, then we'll go to, again, what I think pro traders do, which is limit order. But, market order, I want to short it. I think it's going much lower. Now, I funded my account uh with a bit over 500. I would never full blast the max. And in fact, I'm not that I I don't have the strongest conviction one way or another, so I'm going to use a very limited amount.

We'll go $100 shorting Shiba Inu. Leverage, we can slide it to our desired size. I'm going to go 1.5x. And then of course, our take profits, setting the stop losses. If the price would go down by let's say 10%. I know it's in green, which typically means up, but I'm shorting it. So, you can see the price would go down to this price point right here. That's a 10% slide. My estimated profit would be a little under $15, cuz again, I have 1.5 leverage.

If though, the price would start increasing, say I'm wrong in my thesis, and it goes up 50%, then the stop loss would be above the liquidation price, So, we do have to watch that. Let's just say we'll go 5%. If it starts going even 5% up, I'm going to take my loss, but because I set a stop-loss, it's just a loss of $7.25 because I got out. So, pretty self-explanatory. The only other things I'll watch is the funding rates.

If the funding rate is negative, so right now shorts are paying longs being meaning the majority of the market agrees with me. The majority of the market right now is short. So, to have a short position, the shorts are currently paying longs. Again, it's a risky play. I'm taking the risk, but I want to get paid if the price goes down. That's a big difference. I can get paid if the price goes down. Fact, let's actually change this to 50.

Opening the short, it's that easy. We can look at my position. We see my short on Ship right here. We see my long on Solana right h

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