ETH Long 200x Price Exits

Thesis

Bets on ETH rising with one 200x long and takes profit after a 10% price increase.

Strategy

• Entry: Opens one ETH long using the whole allocation at 200x, with 100 USDC intended as margin. • Exits: Checks every five seconds and closes at a 10% ETH price gain or decline from entry, with no repeat entry. • Liquidation: Reports the venue's liquidation price when the position opens.

Exposure

• Holds: ETH long and USDC — Holds one leveraged ETH position backed by USDC. • Venue: Papertrade — Starts with Papertrade USDC. • Leverage: 200x — 100 USDC margin opens 20,000 USDC of ETH exposure. • Costs: Winning-close charges — Papertrade deducts its haircut and 2% fee from winning closes. • Data: Circuit — Uses ETH prices and Papertrade account positions. • On unwind: USDC — Closing settles the ETH position into Papertrade USDC.