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Arbitrage Calculator

Find the exact stake split between two venues to capture the spread when their prices disagree. Execution risk, fees, and slippage may erode the spread.

Arbitrage opportunity: implied sum = 96.40%
Stake on A
$493.98
Stake on B
$506.02
Payout (either side)
$1037.35
Apparent spread
$37.35
Locked-in ROI: +3.73%

How arbitrage works

An arbitrage bet (a.k.a. "arb" or "sure bet") exists when two venues price the same event such that the implied probability totals less than 100%. By staking proportionally on both sides, you guarantee a profit regardless of outcome.

The formula:

implied_sum  = 1/oddsA + 1/oddsB
stakeA       = total * (1/oddsA) / implied_sum
stakeB       = total * (1/oddsB) / implied_sum
payout       = stakeA * oddsA  (== stakeB * oddsB)
profit       = payout − total

Real-world arbs are rare and short-lived. Bookmakers limit accounts that arb consistently. Spread costs, fees, and slow execution can eat the edge.

PolySharks tracks live Polymarket↔Kalshi cross-platform spreads in real time — the calculator above is the math, the engine is the data.

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Compliance & Disclosures

PolySharks.ai is a market-intelligence and analytics platform operated by 8eight8 LLC. The site is provided for informational and educational purposes only — it is not financial, legal, tax, or gambling advice. Past whale performance and historical data carry no guarantee of future outcomes. Trading prediction markets involves substantial risk of loss, including 100% of principal. Users are solely responsible for compliance with the laws of their local jurisdiction — prediction-market access is restricted or prohibited in some US states and countries; verify legality before depositing or trading on Polymarket or Kalshi. PolySharks does not custody funds and is not affiliated with Polymarket Inc. or Kalshi Inc. 18+ only (21+ in some jurisdictions).