BTC Paired Farm

Thesis

Pairs 75x BTC longs and shorts to pursue Papertrade farming rewards while offsetting most BTC price exposure.

Strategy

• Entry: Split the full available allocation equally into a BTC long and short at 75x, starting with at least 266.666668 USDC. • Reset: Check each minute and on 0.5% BTC move events; request both closes at a 0.5% move from their average entry, then recycle available funds. • Recovery: Keep exits active after reversals, close unmatched legs before reopening, and reconcile outstanding requests before sending another.

Exposure

• Holds: BTC long and short — Separate 75x BTC positions with approximately offsetting exposure and USDC between pairs. • Venue: Papertrade — Starts with Papertrade USDC; positions open separately and exits use one batch request. • Leverage: 75x per leg — Each leg has exposure equal to 75 times its own margin. • Costs: Winning-close charges — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — Uses BTC prices, session operations and Papertrade positions to manage the pair. • On unwind: Papertrade USDC — Closing returns proceeds in USDC, with queued payouts becoming available when settled.