Papertrade ETH Hedge Legs

Thesis

Pair opposing ETH positions across four accounts at 1000x, repeatedly taking profits or cutting losses as ETH moves.

Strategy

• Entry: Open ETH in the selected Long or Short direction at 1000x and repeat after each exit, without duplicating pending requests. • Exit: Check every minute and close at +33% or -33% of collateral before closing charges; each account acts independently. • Size and staking: Trade 100 USDC at 1000x; after trading, stake all earned PAPER when at least 1,000 is available, checking every minute.

Exposure

• Holds: ETH, USDC, staked PAPER — Each account holds isolated ETH, USDC for repeat trades and automatically staked earned PAPER. • Venue: Papertrade, four wallets — Use two Long sessions and two Short sessions, each funded with at least 100 USDC. • Leverage: 1000x isolated — Each 100 USDC trade has $100,000 of ETH exposure. • Costs: Winning-close charges — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — Reads Papertrade positions and Hyperliquid ETH prices to check the 33% collateral exits. • On unwind: USDC and staked PAPER — Closing ETH releases its remaining value in USDC; stopping leaves positions and PAPER stakes in place.