PAPER MILL BTC 75X

Thesis

Earn PAPER on Papertrade by stacking hedged 75x BTC long/short pairs that close at 0.3% moves, using all free margin, then stake it.

Strategy

• Stack pairs: Every 10 seconds it opens another equal BTC long and short at 75x, sized to the tighter side's open-interest room or half the free margin. • Exit: Each pair closes once BTC moves 0.3% against either leg, loser first; a leg near liquidation or without its other half closes at once. • Limit and stake: Opens stop once losses reach the loss limit (20% by default); minted PAPER is staked and rewards claimed every 30 minutes.

Exposure

• Holds: BTC pairs and PAPER — Matched BTC long and short positions on Papertrade with USDC margin, plus staked PAPER. • Venue: Papertrade — Trades from the wallet you start it on; fund your Papertrade balance first. Only touches BTC legs it opened. • Leverage: 75x per leg — Liquidation sits about 1.3% from entry; a leg within 0.5% of it closes early. • Costs: Haircut and winner fee — Each winning close pays Papertrade's move-based haircut and a 2% fee. • Data: Hyperliquid price feed — api.hyperliquid.xyz streams live BTC bid and ask so exits react within a second. • On unwind: Open legs stay open — Stopping leaves positions on Papertrade; turn on hard_kill first to close them. USDC and PAPER stay there.