PAPER MILL 500

Thesis

Earn PAPER from paired BTC longs and shorts at 50×, then stake the earned tokens.

Strategy

• Pair: Split $500 into $250 BTC long and short margins at 50×; reuse free funds after 60 seconds if queued winnings are at most $100. • Exit: Watch BTC's live price; close both legs when either loses 50% of margin or nears liquidation; close survivors at once, unpaired legs at a 0.3% adverse move. • Stop and stake: Close and stop at $300 net loss or a five-minute BTC move over 1.5%; stake this session's earned PAPER from 1,000 and claim rewards.

Exposure

• Holds: BTC pairs and PAPER — Opposing BTC positions share the full allocation; earned PAPER is staked. • Venue: Papertrade — Fund with $500 Papertrade USDC; existing sessions keep their separate allocations. • Leverage: 50× per leg — Each initial $250 margin opens $12,500 of BTC exposure; liquidation sits 1.95% from entry and a leg within 0.3% of it closes. • Costs: Winning-close fees — Winning closes pay a move-dependent haircut and a 2% fee; pairs are sized so even a liquidated leg fits the $300 stop. • Data: Hyperliquid, Papertrade — Streams Hyperliquid's BTC 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. Earned PAPER remains staked.