Papertrade BTC Delta Neutral

Thesis

Pairs BTC longs and shorts to offset price moves while earning PAPER and staking it for USDC rewards.

Strategy

• Paired entries: Split available allocated USDC equally between simultaneous BTC long and short positions at 300x. • Paired exits: Close both after a 0.10% BTC move, within the final 20% of either liquidation distance, or when one leg disappears; then repeat. • Rewards: Stake session-earned PAPER from 1,000 tokens and claim wallet staking rewards every 30 minutes, tracking USDC separately from PAPER.

Exposure

• Holds: BTC pair and PAPER — Opposing BTC positions use equal margin; separate entry prices can leave a small quantity difference. • Venue: Papertrade — Starts with Papertrade USDC; use a separate wallet to keep reward claims separate from other staking. • Leverage: 300x per leg — Half the available allocation funds each BTC position. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and 2% fee. • Data: Circuit — BTC prices, session operations and Papertrade positions drive decisions. • On unwind: USDC and PAPER — Closing returns USDC; earned and staked PAPER remain in the account.