Question 1

What does liquidity mean here?

Accepted Answer

Liquidity is the share of observed Kalshi order books that had tradeable two-sided quotes meeting Edge Spotter's marketability criteria during the 28-day window. It describes the market conditions QSE observed, not all Kalshi markets.

Question 2

What does marketable mean?

Accepted Answer

An order book is marketable when both a bid and an ask are present and the quoted spread meets Edge Spotter's marketability criteria. This indicates that the book was tradeable under those criteria when observed.

Question 3

What does liquidity NOT mean?

Accepted Answer

It is not a prediction-accuracy figure, a win rate, or a Track Record metric. It describes market structure on Kalshi, not Edge Spotter signal outcomes.

Question 4

Why does it differ from Track Record?

Accepted Answer

Track Record measures resolved signal outcomes. Liquidity measures whether the underlying markets were tradeable when observed. A module can be highly liquid yet publish few signals, or vice versa.

Question 5

Why does liquidity vary by module?

Accepted Answer

Liquidity can differ across modules because the underlying Kalshi markets have different order-book conditions. The observed differences may reflect factors such as market activity, participant depth, timing, and the types of markets available within each module. The liquidity grade describes the observed result; it does not establish the cause.

Question 6

Why does signal supply vary by module?

Accepted Answer

Signal counts depend on market coverage, eligibility filters, marketability, and qualifying edge opportunities. Low signal supply in a liquid module simply means that relatively few opportunities satisfied Edge Spotter's publication criteria during the period.

Question 7

What is the 28-Day Corpus Trend?

Accepted Answer

The 28-Day Corpus Trend shows the percentage of observed Kalshi order books that met Edge Spotter's marketability criteria each day across the observed corpus.

This chart measures market structure and liquidity conditions, not signal performance. Higher values indicate that a greater share of observed order books were tradeable under Edge Spotter's criteria. Lower values indicate that fewer observed order books met those criteria.

The chart should not be interpreted as a hit rate, prediction accuracy metric, signal-quality metric, edge metric, confidence metric, or Track Record statistic. Signal outcomes and performance metrics are reported separately on the Track Record page.

Question 8

What does Building Sample mean?

Accepted Answer

The module did not reach the minimum observation threshold in the 28-day window, so no liquidity grade is shown. Observation count is displayed while the sample builds. Once the required sample threshold is reached, the module becomes eligible for grading.

Market Landscape

Market Formation

Methodology