ETH BTC Liquidation Loop

Thesis

Pairs a 500× ETH long with a 500× BTC short to profit when the surviving trade earns more than the liquidated leg loses.

Strategy

• Entry: From October 10, 2026 at 00:00 UTC, split all allocated USDC equally into a 500× ETH long and a 500× BTC short. • Exit: Check every minute and close the survivor when its partner disappears; close an unmatched entry too. • Repeat: Open another pair after settlement while at least 40 USDC remains, with at least 20 USDC margin per trade.

Exposure

• Holds: ETH long and BTC short — Equal USDC margin in two Papertrade positions. • Venue: Papertrade — Starts with at least 40 USDC on Papertrade. • Leverage: 500× each — Each trade has exposure equal to 500 times its margin. • Costs: Winning-close charges — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — Reads Papertrade positions and the session's settled trade receipts. • On unwind: Papertrade USDC — Closing positions returns their remaining value in Papertrade USDC.