PAPER BTC Pair Mini

Thesis

Earn PAPER by pairing $10,000 BTC longs and shorts on Papertrade at the venue's minimum size, then staking the rewards.

Strategy

• Pair: Open a long and short with $100 each at 100x; require $200 available and no more than $20 queued, and wait 60 seconds between cycles. • Exit: Close both on Hyperliquid's live price once BTC moves 0.5% against either; a lone leg closes if its partner fails or at 0.2% against it. • Stop and stake: Stop at $60 net loss; after a five-minute move over 0.7%, close and wait 30 minutes; stake PAPER of 1,000 or more and claim rewards.

Exposure

• Holds: BTC pair and PAPER — Two opposite BTC positions use $200 USDC margin; earned PAPER is staked. • Venue: Papertrade — Trades on Papertrade from the wallet you start it on; fund your Papertrade balance before you start. • Leverage: 100x per leg — Each $100 margin opens $10,000 of BTC; liquidation sits 0.95% from entry, and a leg within 0.2% of it closes at once. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Hyperliquid, Papertrade — Streams Hyperliquid's BTC best bid and ask, the price Papertrade settles at, and reads Papertrade's live trading terms before each pair. • On unwind: Open legs stay open — Stopping leaves positions on Papertrade; turn on hard_kill first to close them. USDC and staked PAPER stay in the Papertrade account.