ETH Pair Reset

Thesis

Pairs 100× ETH long and short positions, resets after 0.75% moves, and stakes earned PAPER for USDC rewards.

Strategy

• Entry: Split all settled session USDC equally into ETH long and short positions at 100×; wait below 200 USDC. • Reset and recovery: Watch ETH's live price; close at a 0.75% move from average entry, near liquidation, or for lone or outdated legs, then rebuild. • Rewards: Every 30 minutes, stake session-minted PAPER once it reaches 1,000 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 200 USDC allocated on Papertrade. • Leverage: 100× per leg — Each leg is 100 times its half of settled USDC; liquidation sits 0.95% from entry, so a leg within 0.1% of it closes at once. • Costs: Winning-close charges — Papertrade applies its winning-close fee and move-dependent haircut. • Data: Hyperliquid, Papertrade — Streams Hyperliquid's ETH best bid and ask, the price Papertrade settles at, and reads Papertrade's account and trading terms. • On unwind: Open legs stay open — Stopping leaves positions on Papertrade; turn on hard_kill first to close them. Staked PAPER remains until unstaked.