Cross Venue PAPER Farmer

Thesis

Farm PAPER with opposing BTC positions, putting the hourly momentum trade on Hyperliquid and the opposite trade on Papertrade.

Strategy

• Entry: Open Hyperliquid in BTC's latest hourly direction first, then open the opposite Papertrade side with equal target exposure. • Exit: Check every five seconds and close both legs after one hour, when hourly direction changes, or when one leg disappears. • Sizing: Split available funds between two 40x legs after opening costs; $500 combined margin targets $10,000 exposure per side.

Exposure

• Holds: BTC hedges and USDC — Opposing BTC positions across two venues, with USDC backing each side. • Venue: Hyperliquid + Papertrade — Requires session-allocated USDC on both venues; never bridges funds. • Leverage: 40x each side — Each dollar of margin supports forty dollars of BTC exposure. • Costs: Fees and funding — Pays Hyperliquid trading fees and funding, plus Papertrade winning-close charges. • Data: Circuit — Uses BTC candles, session holdings, Papertrade positions and earned PAPER records. • On unwind: USDC on both venues — Closing returns available collateral to each venue; PAPER remains in Papertrade.