Papertrade ETH (300x / 20bps)

Thesis

Pairs leveraged ETH longs and shorts, closes both after small price moves, and stakes earned PAPER for USDC rewards.

Strategy

• Entry: Split settled session USDC equally into ETH long and short legs at 300× leverage; wait below 200 USDC. • Reset and recovery: Check each minute and on ETH alerts; batch-close at a 0.2% move from average entry or clear lone or outdated legs; rebuild next check. • Rewards: Each minute, stake available session PAPER when at least 1,000 PAPER is available and claim USDC rewards for future entries.

Exposure

• Holds: ETH pair and PAPER — Holds opposing ETH positions, settled USDC, and staked PAPER. • Venue: Papertrade — Starts with at least 200 USDC allocated to each session on Papertrade. • Leverage: 300× per leg — Each leg uses half the settled session USDC at 300× leverage. • Costs: Winning-close charges — Pays Papertrade's winning-close fee and move-dependent haircut. • Data: Circuit — Uses ETH prices, session holdings, and Papertrade positions and rewards. • On unwind: USDC and PAPER — Closing positions returns settled USDC; staked PAPER remains until unstaked.