Kalshi does not provide investment or trading advice or make any other claim to the veracity of the contents described herein and provides this article solely for the convenience of its members. Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results.

All times mentioned are in Eastern Time Zone.

An Introductory Note on 0DTE Contracts

0DTE contracts have been getting a lot of attention recently. The likes of these can be found in Kalshi's daily contracts, which we delve into throughout this article.

Zero-days-to-expiration (0DTE) contracts are derivative contracts (options, futures, or swaps) that reach their expiration on the day they are traded. 0DTE contracts are considered to be a high-risk, high-reward trading strategy. Further details about 0DTE contracts can be found here.

Trading Daily Contracts on Kalshi

Kalshi has a number of markets that can be traded as 0DTE contracts.

Nasdaq and S&P Daily Close Contracts

Our platform features daily Nasdaq and S&P markets, where the outcome is decided by the closing price of a given day. These markets open at 4 PM the day prior to the closing date (or the preceding Friday, if the closing date falls on a Monday) and close at 4 PM on the closing date. Contract strikes are categorized into ranges (e.g., Nasdaq from 14,600 to 14,699.99 or S&P from 4,325 to 4,399.99). An advantage of Kalshi’s Nasdaq and S&P Daily Close contracts is the ability to trade over the weekend for Monday’s closing price. Payouts for these markets are processed by 8 PM on the closing date.

Forex

Kalshi offers Forex contracts that close multiple times per day. Our EUR/USD daily market has closing times at 10 AM and 6 PM, and our EUR/USD intraday market closes at 3 PM daily. These markets respectively open at 6 PM the day before, 10 AM the day of, and 4 PM the day before. You can also trade the USD/JPY daily and intraday markets at the same time. The contracts strikes are bucket ranges for the rate at that market’s close.

10-Year Treasury Daily Yields and WTI Oil

Kalshi also offers 10-year Treasury daily yield contracts. These contracts open at 4:30 PM the day before (or the preceding Friday, if the contract closes on Monday) and close at 4:25 PM the day of. Contract strikes are bucket ranges of the 10-year U.S. Treasury note yield curve par rate for that day (e.g., 3.75% to 3.77%).

You can also trade WTI Oil contracts daily contracts, which are settled based on the price of the Intercontinental Exchange’s (“ICE”) front-month West Texas Intermediate (“WTI”) Light Sweet Crude Future for the specified date. These contracts open at 10 AM and close at 2:30 PM on the market day.

We continuously update our platform with new markets of varying cadences. To find all daily markets, navigate to the markets page, click 'Cadence', and then select 'Daily'. We highly recommend that you familiarize yourself with the rules at the bottom of each market page before engaging in any trading activities.

Should you have any questions about our daily markets, don't hesitate to reach out to us at support@kalshi.com.

Here's to successful trading!