Papertrade ETH (200x / 30bps)

Thesis

Pairs 200× ETH longs and shorts, resets after 0.3% moves, and stakes earned PAPER for USDC rewards.

Strategy

• Entry: Split all available session USDC equally into ETH long and short positions at 200× when at least 100 USDC is available. • Reset: Check each minute and on 0.3% ETH alerts; close pairs after a 0.3% move from average entry or incomplete pairs, then rebuild next check. • Rewards: Each minute, stake earned session PAPER once 1,000 is available and claim USDC rewards for future entries.

Exposure

• Holds: ETH pair and PAPER — Holds opposing ETH positions, settled USDC, and staked PAPER. • Venue: Papertrade — Starts with at least 100 USDC allocated on Papertrade. • Leverage: 200× per leg — Each side has exposure equal to 200 times its half of available USDC. • Costs: Winning-close charges — Pays Papertrade's winning-close fee and move-dependent haircut. • Data: Circuit — Reads ETH prices, session trades, Papertrade positions, and rewards. • On unwind: USDC and PAPER — Closing positions returns settled USDC; staked PAPER remains until unstaked.