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Polymarket Edges

polymarket_edges
Read-onlyIdempotent

Scan top Polymarket markets and return opportunities where Pipeworx data disagrees with market price. Built for "what should I bet on today" — agents discover opportunities without paging hundreds of markets. FIVE MODEL FAMILIES grouped into three response segments under by_segment: (1) MODEL_DRIVEN — crypto_price (lognormal barrier from 90d FRED log-returns) and news_momentum (GDELT 7d/21d article-volume ratio, soft signal w/ halved Kelly). (2) STRUCTURAL_ARBITRAGE — partition_overround on mutually-exclusive events; per-leg favorite-longshot bias correction with per-sport α (tennis 1.02, soccer 1.10, MMA 1.15, default 1.0); placeholder-slug filter drops will-person-X / will-team-Y / will-manager-Z / will-someone-else- backstops; partitions with >20% placeholder fraction skipped entirely. (3) CONCENTRATED_LONGSHOT — basket trade when one leg ≥75% AND ≥2 longshots ≤8% AND portfolio return ≥25:1; rare-by-design (gates relaxed Run 8 from prior 85%/5%/50:1). EVERY OPPORTUNITY carries edge_pp_net (after slippage), kelly_fraction + kelly_fraction_half (capped at 0.25), market.liquidity, market.spread_pp, market.volume, plus a 24h-move warning ("Market moved X.Xpp in 24h") when the recent move alone exceeds the edge — your edge may already be in the price. TRADEABLE-EDGE KNOBS: min_liquidity / max_spread_pp drop opportunities where edge isn't realizable; min_partition_leg_kelly filters partitions by best per-leg Kelly. RESPONSE TOP-LEVEL: by_segment{model_driven,structural_arbitrage,concentrated_longshot}, fed_candidates/fed_note (Fed bets surface here, excluded from ranking — 1m-T vs EFFR signal is unreliable at meeting-month horizons without paid OIS/SOFR-futures data), and _diagnostics{concentrated_longshot:{...funnel counters},category_counts,filter_skips} so callers can see WHY a segment is empty (top-N stale, all candidates failed gates, knob dropped them). Cached 1h at the KV level keyed on all knobs.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
limitNoTop N edges to return after ranking. Default 10, max 25.
windowNoPolymarket volume window to filter markets. Default 1wk.
min_kellyNoMinimum half-Kelly fraction (as decimal, e.g. 0.005 = 0.5% of bankroll) to include single-leg opportunities. Default 0 (no filter). Skips opportunities that are too small to bet sensibly even if the edge is large.
min_edge_ppNoMinimum |edge| in percentage points to include (default 0.5). Edge is evaluated NET of slippage.
slippage_ppNoAssumed execution slippage in percentage points per leg (default 0.3). Subtracted from raw |edge| before ranking and Kelly sizing. Polymarket has zero trading fees as of 2024 but bid/ask + thin depth typically eats 20-50bp per trade. Bump for very thin partitions; drop to 0 if you have a smarter fill model.
max_spread_ppNoTradeable-edge filter. Maximum bid/ask spread in percentage points on the representative market. Default null (no filter). Set to 2 to require tight books — anything wider eats most plausible edges.
min_liquidityNoTradeable-edge filter. Minimum $ liquidity on the representative market (or for partition_overround, on at least one top_leg). Default 0 (no filter). Set to 5000 to drop thin-book opportunities where executing the edge would walk the book past breakeven.
category_filterNoComma-separated list to restrict the output: "model_driven" (crypto_price + news_momentum), "structural_arbitrage" (partition_overround), "concentrated_longshot". Combine like "model_driven,structural_arbitrage". Default: all.
min_partition_leg_kellyNoMinimum BEST per-leg half-Kelly fraction across a partition_overround opportunity's top_legs (or longshot_basket legs). Default 0 (no filter). Partition arbs always return kelly_fraction_half=0 at the parent level by design (basket trades don't compose to single-leg Kelly), so min_kelly never filters them — this knob applies to the per-leg Kelly inside top_legs instead. Use to suppress thin partitions whose individual leg edges aren't worth the per-leg slippage cost.

Schema Changelog

Changes observed during successful MCP inspections. Dates show when Glama detected each change.

  1. Changed2 schema fields changed
    • addedInput schema / properties / max_spread_pp
      Added value: +{
      +  "description": "Tradeable-edge filter. Maximum bid/ask spread in percentage points on the representative market. Default null (no filter). Set to 2 to require tight books — anything wider eats most plausible edges.",
      +  "type": "number"
      +}
    • addedInput schema / properties / min_liquidity
      Added value: +{
      +  "description": "Tradeable-edge filter. Minimum $ liquidity on the representative market (or for partition_overround, on at least one top_leg). Default 0 (no filter). Set to 5000 to drop thin-book opportunities where executing the edge would walk the book past breakeven.",
      +  "type": "number"
      +}
  2. Changed1 schema field changed
    • addedInput schema / properties / min_partition_leg_kelly
      Added value: +{
      +  "description": "Minimum BEST per-leg half-Kelly fraction across a partition_overround opportunity's top_legs (or longshot_basket legs). Default 0 (no filter). Partition arbs always return kelly_fraction_half=0 at the parent level by design (basket trades don't compose to single-leg Kelly), so min_kelly never filters them — this knob applies to the per-leg Kelly inside top_legs instead. Use to suppress thin partitions whose individual leg edges aren't worth the per-leg slippage cost.",
      +  "type": "number"
      +}
  3. Changed4 schema fields changed
    • addedInput schema / properties / category_filter
      Added value: +{
      +  "description": "Comma-separated list to restrict the output: \"model_driven\" (crypto_price + news_momentum), \"structural_arbitrage\" (partition_overround), \"concentrated_longshot\". Combine like \"model_driven,structural_arbitrage\". Default: all.",
      +  "type": "string"
      +}
    • changedInput schema / properties / min_edge_pp / description
      Previous value: -"Minimum |edge| in percentage points to include (default 0.5)."New value: +"Minimum |edge| in percentage points to include (default 0.5). Edge is evaluated NET of slippage."
    • addedInput schema / properties / min_kelly
      Added value: +{
      +  "description": "Minimum half-Kelly fraction (as decimal, e.g. 0.005 = 0.5% of bankroll) to include single-leg opportunities. Default 0 (no filter). Skips opportunities that are too small to bet sensibly even if the edge is large.",
      +  "type": "number"
      +}
    • addedInput schema / properties / slippage_pp
      Added value: +{
      +  "description": "Assumed execution slippage in percentage points per leg (default 0.3). Subtracted from raw |edge| before ranking and Kelly sizing. Polymarket has zero trading fees as of 2024 but bid/ask + thin depth typically eats 20-50bp per trade. Bump for very thin partitions; drop to 0 if you have a smarter fill model.",
      +  "type": "number"
      +}
  4. Added

TDQS

A4.7/5.0
Behavior5/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

The description extensively discloses behavioral traits beyond annotations (readOnlyHint, idempotentHint, etc.). It explains the three response segments, edge calculation (edge_pp_net, Kelly fractions), diagnostic structure (_diagnostics with funnel counters), caching (1h at KV level), and the effect of each knob. There is no contradiction with annotations.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness4/5

Is the description appropriately sized, front-loaded, and free of redundancy?

The description is well-structured with sections (FIVE MODEL FAMILIES, TRADEABLE-EDGE KNOBS, RESPONSE TOP-LEVEL) and front-loaded with purpose. However, it is verbose: e.g., detailed model family definitions and diagnostic explanations could be shortened. Given the complexity, it remains clear, but some redundancy (e.g., repeating Kelly cap) could be trimmed.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness5/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

Despite no output schema, the description fully explains the response structure (by_segment, fed_candidates, _diagnostics), edge metrics, caching, and filtering logic. For a tool with 9 parameters and complex behavior, it addresses all likely agent questions: how edges are computed, when segments are empty, and how knobs affect results. This is exceptionally complete.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters5/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

All 9 parameters are described in the schema with 100% coverage. The description adds significant value: it explains the purpose of each knob in context (e.g., max_spread_pp for tradeable-edge filter, min_partition_leg_kelly for partition filter), provides practical defaults and scenarios (e.g., slippage_pp guidance for thin markets), and ties parameters to the response structure. This far exceeds the baseline 3 for high schema coverage.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

The description clearly states it scans top Polymarket markets and returns opportunities where Pipeworx data disagrees with market price. It distinguishes from siblings by explaining the three response segments and model families (model_driven, structural_arbitrage, concentrated_longshot). The verb 'scan' and resource 'Polymarket markets' are specific, and the description differentiates from sibling tools like 'polymarket_arbitrage' and 'polymarket_edge_tracker' by detailing unique features.

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines4/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

The description explicitly says it's built for 'what should I bet on today' and that agents discover opportunities without paging hundreds of markets. It provides detailed guidance on tradeable-edge knobs (min_liquidity, max_spread_pp) and when to use them. However, it does not explicitly state when NOT to use this tool versus alternatives like 'polymarket_arbitrage' or 'polymarket_edge_tracker', leaving some ambiguity.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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TDQS

A3.7/5.0
Disambiguation3/5

Many tools have overlapping purposes, especially the Pipeworx query tools (ask_pipeworx, ask_pipeworx_grounded, deep_research) which all serve similar data retrieval needs. Additionally, entity_profile, compare_entities, and recent_changes overlap in providing company information. Polymarket tools also have overlapping analysis functions. This can cause confusion for agents.

Naming Consistency2/5

Tool names are inconsistent in style and convention. Some use underscores (ai_visibility_check, ask_pipeworx), others are single words (forget, recall), and many lack a clear verb_noun pattern (pipeworx_feedback, polymarket_edges). This mixture of naming conventions reduces predictability.

Tool Count3/5

With 32 tools, the count is on the higher side but appropriate given the broad scope covering multiple domains (Pipeworx data, Polymarket betting, ACLED events, npm scanning, memory, etc.). However, some areas have only one or two tools, which feels sparse, and the overall set could be trimmed or better organized.

Completeness3/5

The tool set covers many domains but has notable gaps. For ACLED, only search and count tools exist without any update/delete capabilities. For Pipeworx, the tools are heavily read-focused with no apparent write operations. The broad scope makes completeness hard to assess, but some obvious lifecycle operations are missing.