Kalshi ETH-PERP Open Interest Reaches $3.1 Million, Beni Says

Quantitative analyst Beni said on X that Kalshi ETH-PERP has about $3.1 million in open interest and $538.6 million in 24-hour trading volume. According to Odaily, he said this equals about 174 daily turnovers of total open positions, or one turnover every 8 minutes and 18 seconds on average, and that the largest single position is about $17,600. Beni said Kalshi’s filing with the CFTC showed that eligible self-clearing member market makers can receive a 0.3 basis point rebate, while takers pay 0.3 basis points, leaving total trading costs at 0 basis points. He also said Kalshi and Jump Trading previously reached an arrangement that exchanged liquidity for equity, and questioned whether the platform’s use of contract counts to measure volume and dollar signs in display could be misleading.