Glossary

Terms as Qwidgets uses them, in the app and in these docs.

Workspaces and access

Copy To My Workspaces: The button on a shared or guest workspace that makes it your own workspace, with every widget. Needs a sign-in.
Favorite: A workspace you’ve marked to appear on the home page and in the left-hand menu.
Guest workspace: A workspace you can build without signing in. It’s kept only in the browser tab you built it in.
Integration: A connection to a brokerage, an exchange account, or another service, managed under Integrations in your profile.
Shared workspace: A workspace with sharing turned on. Anyone with its link can open it in a browser, no account needed. Owners can also ask to list it in the public catalog.
Widget: One tile on a workspace, such as an option chain, a chart, or an order book. Add one with Add Widget.
Workspace: A canvas where you compose widgets into one view you return to.

Options and equities

At expiration: How the book handles a contract that expires before the target date: Cash-settle, Always exercise, or Exercise if covered.
Book: Everything held in one underlying in one brokerage account, valued together. The book page shows it Held now and as a Pending book with your edits.
Campaign: One span of a position in an underlying, from flat to flat. Campaigns are what the Campaign Journal and Performance report on.
Exit rate: The interest rate the book assumes at the target date.
Exit volatility: The volatility the book assumes when it values contracts still open at the target date. Current market keeps each contract’s own implied volatility.
Fill assumption: Where between the bid and the ask you expect to trade, from Taker (you cross the spread) to Maker (you’re filled at your side).
Greeks: Delta, gamma, theta, vega, and rho: how an option’s value responds to the underlying’s price, time, volatility, and interest rates. Shown on option chains and for positions.
House multiplier: A factor the stress tester applies on top of the exchange-minimum margin to approximate a brokerage’s own rules. 1 means the minimum.
Implied volatility (IV): The volatility that makes an option’s model price match its market price.
Leg: One contract or share line in a trade or position.
Moneyness: Where a strike sits relative to the underlying’s price: below, at, or above the money. The option chain can filter by it.
Pending book: The book with changes you’re considering: quantities, expirations, strikes, or rights edited in place. Changes are kept while you’re in the app.
Price path: How the book moves the underlying from today to the target date: Price sweep or Monte Carlo.
Requirement basis: How the stress tester estimates the account’s requirement: Margin (Reg T) or Cash-secured.
Stress test: Repricing every position in an account under prices and volatility you choose. It’s a scenario, not a forecast.
Target date: The date the book or stress test values positions at.

Prediction markets

Event: A real-world question, such as a rate decision or an election, made up of one or more markets.
Implied probability: A market’s price read as the chance its outcome happens.
Market: One tradable outcome within an event, with Yes and No sides.
Order book: The resting orders to buy and sell a market at each price. Kalshi and Polymarket have them.
Prediction Distribution Builder: A widget that turns the probabilities you assign across related markets into positions, using a sizing method such as Kelly.
Settlement: The payout when a market resolves.

AI compute

Derived: Computed from Kalshi’s GPU-price binaries rather than quoted by anyone. Every derived figure is labeled that way and can’t be traded.
Implied cost: A derived price for compute, such as a future’s level. Not a quote.
Model value: A derived value for an instrument that isn’t listed, such as an option or the perpetual. Not a quote.
Perpetual: A derived blend of every quoted month, weighted toward the nearest. Not a published spot price.
Tenor: A settlement date. Each tenor is one Kalshi event whose markets all settle on that date.
Underlying: The GPU a compute ladder prices, such as the NVIDIA H200.