PAPER ETH Pair

Thesis

Earn PAPER by pairing $20,000 ETH longs and shorts on Papertrade, then staking the rewards.

Strategy

• Pair: Open long then short with $500 each at 40x; require $1,000 available and no more than $100 queued, and wait 60 seconds between cycles. • Exit: Check each minute; close both at a 1.5% move, or the survivor after liquidation; close an unpaired leg after 3 minutes or a move over 0.3%. • Stop and stake: Close and stop at $300 measured net loss or a five-minute move over 2.0%; after each cycle, stake all unstaked PAPER when at least 1,000.

Exposure

• Holds: ETH pair and PAPER — Two opposite ETH positions use $1,000 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: 40x per leg — Each $500 margin opens $20,000 of ETH exposure, long first and short second. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — Uses ETH midpoints, Papertrade account data and minute candles to seed the first five-minute check; reports total PAPER balances. • On unwind: USDC and staked PAPER — Closed ETH returns settled or queued USDC; PAPER remains staked and is never withdrawn by this agent.