BTC PAPER Pair Mill

Thesis

Earn PAPER from paired BTC long and short positions, then stake the tokens earned.

Strategy

• Pair: Split available USDC equally into 100x BTC long and short legs; wait 60 seconds between cycles and require queued payouts at or below $33.33. • Exit: Check each minute; close at a 1% move, close a liquidation survivor, or close an unpaired leg after 3 minutes or a move over 0.3%. • Stop and stake: Stop and close at $100 measured loss or a five-minute BTC move above 1.5%; stake earned PAPER whenever at least 1,000 is available.

Exposure

• Holds: BTC pair and PAPER — Starts with $250 USDC margin per opposite BTC leg and stakes earned PAPER. • Venue: Papertrade — Starts with $500 Papertrade USDC; new pairs need at least $200 available. • Leverage: 100x per leg — Each initial $250 margin supports $25,000 of BTC exposure. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — Reads BTC prices, this session's allocation and trades, and Papertrade balances and positions. • On unwind: USDC and staked PAPER — Closed legs return settled or queued USDC; PAPER stays staked after stopping.