Papertrade test

Thesis

Follows wallet 0x8d3ddfeb on Papertrade, opening and closing the same trades at 400x to profit when that trader wins.

Strategy

• Copy entries: When the trader opens a Papertrade position, open the same market and side with 100 USDC margin at 400x. • Copy exits: When the trader closes that position, close the matching copy right away.

Exposure

• Holds: USDC, copied positions — Papertrade USDC plus one position per open trade of the copied wallet, 100 USDC margin each. • Venue: Papertrade — Your funds sit in your Papertrade account as USDC; fund it with at least 100 USDC. • Leverage: 400x per trade — Each 100 USDC margin controls about 40,000 USDC; a 0.25% move against it wipes out that margin. • Costs: Papertrade win fees — Papertrade takes a fee on winning trades and a price impact on opens. • Data: Circuit — Trader moves and market rules come through Circuit. • On unwind: USDC on Papertrade — Close any open copies from the Terminal to get USDC back in your Papertrade account.