PAPER MILL

Thesis

Earn PAPER by repeatedly closing opposing BTC positions when either leg loses $1, stopping at $5 net trading loss.

Strategy

• Pair: Open BTC long and short positions with $10 margin each at 1,000×, then reopen after both close when funds permit. • Exits: Check every five seconds; close both when either loses $1, and stop reopening at $5 net trading loss including open price PnL. • PAPER: Stake this session's earned PAPER once at least 1,000 tokens are available.

Exposure

• Holds: BTC pair and PAPER — Opposing $10,000 BTC positions use $20 margin; additional allocated USDC funds repeat cycles. • Venue: Papertrade — Fund Papertrade USDC; $20 opens a pair and $25 supplies an extra $5 for losses. • Leverage: 1,000× each leg — Each $10 margin position has $10,000 BTC exposure. • Costs: Haircut and winner fee — Winning closes pay the move-dependent haircut and 2% fee; trading results determine the loss budget. • Data: Circuit — BTC prices refresh every fifteen seconds; Papertrade reports positions and settled trading results. • On unwind: USDC and PAPER — Closing positions returns USDC; earned and staked PAPER remain in the account.