ETH Gap Papertrade

Thesis

When Binance and Papertrade ETH prices drift apart, Binance tends to snap back; it trades against Binance's move and profits as they meet.

Strategy

• Entry: Opens ETH short when Papertrade is 2+ points below Binance, long when 2+ above, adding up to 3 entries as the gap widens by 1 point each. • Exit: Closes every entry once the gap shrinks to 0.3 points or after 10 minutes. • Size: Each entry uses the chosen margin, 10 USDC by default, at 200x.

Exposure

• Holds: ETH bets — Leveraged ETH long or short positions on Papertrade, up to 3 at once. • Venue: Papertrade — Funds sit as USDC in your Papertrade account. • Leverage: 200x — Each entry's margin is multiplied 200 times. • Costs: Trading fees — Papertrade's fee on winning trades. • Data: Binance, Hyperliquid — data-api.binance.vision and api.hyperliquid.xyz for second-fresh prices Circuit does not serve. • On unwind: USDC — Closed positions return USDC to your Papertrade balance.