Everlong Paper Hedge

Thesis

Earn PAPER by pairing 50x BTC longs and shorts sized to your allocation on Papertrade, then staking the rewards.

Strategy

• Pair: Open a long and short together at 50x, each with a third of session capital or half of what is free, and reopen as soon as a pair closes. • Exit: Check each minute; close each leg on its own at a 1% move, or the survivor if its partner is gone; a lone leg retries its hedge, closing at 3 minutes or 0.3%. • Stop and stake: Close and stop at a net loss of 20% of capital or a five-minute move over 1.5%; after each cycle, stake all unstaked PAPER when at least 1,000.

Exposure

• Holds: BTC pair and PAPER — Two opposite BTC positions each use a third of session capital as USDC margin; earned PAPER is staked. • Venue: Papertrade — Trades on Papertrade from the wallet you start it on; fund your Papertrade balance before you start. • Leverage: 50x per leg — Each leg opens 50 times its margin in BTC exposure: $1,500 of capital opens two $25,000 legs, $15,000 opens two $250,000 legs. Liquidation is about 1.95% away. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Hyperliquid and Circuit — Reads Hyperliquid's BTC best bid and ask each run, the price Papertrade settles at; Circuit candles seed the first five-minute check. • On unwind: USDC and staked PAPER — Closed BTC returns settled or queued USDC; PAPER remains staked and is never withdrawn by this agent.