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Polymarket–Kalshi Spread

polymarket_kalshi_spread
Read-onlyIdempotent

Cross-venue spread between Kalshi and Polymarket for the same resolving question. The two venues sometimes price the same outcome 2-25pp apart because their participant pools differ — when the bet shapes are equivalent that delta is a real signal, when they aren't the tool says so. TWO MODES: (1) topic — 10 pre-mapped macro shortcuts ("fed", "btc", "cpi", "gdp", "sp500", "recession", "next_pope", "next_uk_pm", "next_israel_pm", "2028_president") auto-fetch the matching event on each venue. (2) explicit kalshi_event_ticker + polymarket_event_slug for custom pairings — BOTH modes run the identical token-overlap matcher, so the same disclosures apply to both. RESPONSE: each venue's leg-by-leg prices (raw probability 0-1) plus matched spread[].top_spreads_pp (Kalshi − Polymarket) where the same outcome shows up on both sides. SAFETY FIELDS: compatibility_warning is a sentence and compatibility_codes[] the machine-readable form; BOTH can be non-empty on returned pairs, so read them even when matched_pairs>0. Codes: event_subject_mismatch (the two event titles share no subject words — probably not the same question), temporal_mismatch (they resolve in different months), temporal_alignment_unknown (the resolution month could not be parsed on one or both sides — NOT the same as confirmed-aligned; check each event's close/strike date yourself), non_equivalent_bet_shapes, no_candidate_pairs, unclassified_legs_excluded, pairing_unverified (set in EITHER mode whenever pairs are returned: the legs were matched by keyword and word overlap, not a shared resolution source). Each entry in top_spreads_pp carries its own flags[] (temporal_mismatch, temporal_alignment_unknown, event_subject_mismatch, low_token_overlap). A leg whose metric_type or match_subtype is "unknown" is NEVER paired — those comparisons land in spread.skipped_unclassified and, when the wording lined up, in spread.low_confidence_pairs[] for inspection only. temporal_alignment{polymarket_month,kalshi_month,aligned} tells you whether the two events resolve in the same calendar period, in EITHER mode; null means it could not be computed (see temporal_alignment_unknown), not that the two sides align. spread.fees_note is a standing disclosure: Kalshi charges per-contract trading fees, Polymarket does not, and this tool does not model Kalshi's fee schedule — every spread_pp is gross, not a net tradeable edge. skipped_cross_type / skipped_cross_subtype counters expose how many leg-pair comparisons were dropped (cross-type = metric_type mismatch like MoM vs YoY; cross-subtype = inequality mismatch like cum_ge vs cum_le). Real cross-venue spreads are rarer than the macro-shortcut list suggests — most pre-mapped topics return compatibility_warning today; pre-mapped ≠ tradeable.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
topicNoPre-mapped: fed | btc | cpi | gdp | sp500 | recession | next_pope | next_uk_pm | next_israel_pm | 2028_president
kalshi_event_tickerNoExplicit Kalshi event ticker, e.g. "KXFED-26OCT". Overrides the topic-mapped Kalshi side.
polymarket_event_slugNoExplicit Polymarket event slug, e.g. "fed-decision-in-june-825". Overrides the topic-mapped Polymarket side.

Schema Changelog

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

  1. Changed1 schema field changed
    • addedInput schema / examples
      Added value: +[
      +  {
      +    "topic": "fed"
      +  },
      +  {
      +    "topic": "btc"
      +  }
      +]
  2. Added

TDQS

A4.7/5.0
Behavior5/5

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

Annotations already mark the tool read-only and idempotent, and the description adds extensive non-obvious behavioral context: compatibility codes can be non-empty even when matched_pairs>0, unknown legs are never paired, temporal_alignment null does not imply alignment, fees are gross not net, and pre-mapped does not equal tradeable. 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 labeled sections (TWO MODES, RESPONSE, SAFETY FIELDS, Codes, fees_note) and front-loads the core purpose. It is quite long and repeats a few points (e.g., the matcher identity and 'in EITHER mode'), so it is not maximally concise, but nearly every sentence conveys operational value.

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?

With no output schema, the description fully covers the response shape and caveats: per-leg prices, top_spreads_pp, compatibility fields, temporal_alignment semantics, skipped comparison counters, and the fees disclosure. An agent can predict and interpret the result without additional lookup.

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?

Even though schema description coverage is 100%, the description adds real interaction semantics: topic auto-fetches a mapped event, explicit tickers override the topic-mapped side, and both modes run the identical token-overlap matcher. This tells the agent how the parameters relate to each other, which the schema alone does not.

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?

States a specific verb and resource: computing a cross-venue spread between Kalshi and Polymarket for the same resolving question. It also names the two invocation modes, which makes the tool's role unambiguous and distinct from the sibling Polymarket-only analytics tools.

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?

Provides explicit mode-selection guidance: use topic shortcuts for 10 pre-mapped macros or use explicit tickers for custom pairings, and warns that most pre-mapped topics currently return compatibility_warning. It does not point to sibling alternatives or state when another tool should be preferred, so the differentiation stops short of a full 5.

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

A3.6/5.0
Disambiguation3/5

Many tools have overlapping purposes, especially the ask_pipeworx variants and Polymarket tools, but detailed descriptions help differentiate. Some tools like 'discover_tools' and 'suggest_questions' also have similar discovery roles, causing potential confusion.

Naming Consistency3/5

Names follow snake_case but lack a consistent pattern: some start with verbs (e.g., 'ask_pipeworx', 'compare_entities'), others with nouns (e.g., 'entity_profile', 'recent_changes'), and prefixes like 'pipeworx_' and 'polymarket_' are used sporadically, making the naming scheme mixed but still readable.

Tool Count2/5

35 tools is excessive for a server named 'Estat Japan', which should focus on Japanese statistics. The majority of tools are general-purpose Pipeworx tools, diluting the scope and making the count feel bloated for the stated purpose.

Completeness2/5

The e-Stat tools (list_data_catalog, search_stats, get_metadata, get_data) provide basic read-only access but lack update or delete operations. The inclusion of many unrelated tools leaves significant gaps for Japanese statistics, and the overall surface is incomplete for the server's implied domain.