Papertrade Delta Neutral

Thesis

Holds equal BTC long and short bets on Papertrade so price moves cancel out, while trading volume earns PAPER rewards.

Strategy

• Hourly hedged pair: Every hour it closes the previous BTC long and short, losing side first, then opens a fresh equal pair. • Sizing: Each side gets half of the available USDC as margin at the chosen leverage, 10x by default.

Exposure

• Holds: BTC long and short — Equal-sized opposite bets on BTC, so price moves largely cancel. • Venue: Papertrade — Funds sit as USDC in your Papertrade account (papertrade.xyz). • Leverage: 10x per side — Adjustable in settings, capped at Papertrade's maximum. • Costs: Win fees — Papertrade takes a fee on winning closes; the pair is reopened every hour. • Data: Circuit — BTC price from Circuit decides which side to close first. • On unwind: USDC — Closing both sides returns USDC to your Papertrade account.