PAPER BTC HIGH LEV

Thesis

Earn PAPER on Papertrade with hedged 50x BTC long/short pairs that close at 0.45% moves, sized inside the open-interest caps, then stake it.

Strategy

• Stacked pairs: Every 10 seconds it opens another equal BTC long/short at 50x sized to free margin and 95% of the tighter side's open-interest room. • Exit: Each pair closes on Hyperliquid's live price once BTC moves 0.45% against either leg, loser first; a leg near liquidation or unhedged closes at once. • Budget and stake: Stop opening pairs once net losses reach the spend budget, 20% of capital by default; stake minted PAPER and claim rewards every 30 minutes.

Exposure

• Holds: BTC pair and PAPER — Two opposite BTC positions on Papertrade with USDC margin, plus staked PAPER; other positions on the wallet are left alone. • Venue: Papertrade — Trades on Papertrade from the wallet you start it on; fund your Papertrade balance before you start. • Leverage: 50x per leg — Liquidation sits a bit under 2% from entry; a leg closes once within 0.5% of it, beyond the 0.45% exit. • Costs: Haircut and winner fee — Winning closes pay Papertrade's move-dependent haircut and a 2% fee; pairs are sized so even a liquidated leg fits the budget. • Data: External venue feeds — api.hyperliquid.xyz streams BTC bid/ask prices; exchange.papertrade.xyz supplies haircut terms absent from Circuit data. • On unwind: Open legs stay open — Stopping leaves positions on Papertrade; turn on hard_kill first to close them. USDC and staked PAPER stay in the account.