Papertrade pre-deposits are live · trading opens 10.10

Farm $PAPER without the bleed.

A bot that runs a long and a short together on Papertrade. One side mints the PAPER, the other side pays you back.

Heads up: Experimental farm software, vibe coded with Claude. It could break, so only farm with what you can afford to lose.

720PAPER per $1 in backtest (BTC, 1% closes)

100PAPER per $1 losing the normal way

0withdraw rights. Funds stay yours

LONGprice +1%

+$1,000

Winner's haircut takes $136.

long +$864 paid back

SHORTprice +1%

−$1,000

Every $1 lost mints PAPER.

short −$1,000 → +98,000 PAPER

net cost$136for98K PAPER

Lose on purpose✂ - - -Get paid back✂ - - -Keep the PAPER✂ - - -BTC + ETH, 24/7✂ - - -Funds stay yours✂ - - -Lose on purpose✂ - - -Get paid back✂ - - -Keep the PAPER✂ - - -BTC + ETH, 24/7✂ - - -Funds stay yours✂ - - - Lose on purpose✂ - - -Get paid back✂ - - -Keep the PAPER✂ - - -BTC + ETH, 24/7✂ - - -Funds stay yours✂ - - -Lose on purpose✂ - - -Get paid back✂ - - -Keep the PAPER✂ - - -BTC + ETH, 24/7✂ - - -Funds stay yours✂ - - -

How it works

Papertrade pays you to lose. So lose on one side only.

$PAPER only mints when you lose: 100 PAPER per $1 while Papertrade's LP is under $2M. papercut makes every loss come with a refund attached.

Open both sides

A long and a short, same size, same price. You're flat. Price can go wherever it wants.

Price moves ~1%. Close both.

The losing side mints PAPER on its loss. The winning side gets the move back, minus Papertrade's winner haircut.

Repeat, all day

Staggered pairs on BTC and ETH, around the clock. The haircut is your only cost, so $1 mints about 600 to 770 PAPER instead of 100.

The backtest

17 days of real candles. About 7x the PAPER per dollar.

Hyperliquid 5m data, Sep 22 → Oct 9, run through Papertrade's live haircut settings. Big number: PAPER per $1 of cost. Small number: what 1M PAPER costs you.

PAPER per $1 of cost and cost per 1M PAPER, by close-at move and coin
Close at	BTCwinner keeps 85–87%	ETHwinner keeps 83–87%
0.5%25.0 trades/day	638$1,569/1M	586$1,706/1M
1%6.9 trades/day	720$1,389/1M	684$1,461/1M
2%2.0 trades/day	771$1,298/1M	749$1,334/1M
Just losing	100$10,000/1M

/day = trades per pair, BTC + ETH Papertrade's live haircut + 2% win fee bot default

Tighter closes trade more; wider closes keep more of each win. 1% is the sweet spot: about 7 closes a day per pair at roughly $1,400 per 1M PAPER.

Calculator

Plug in your size. See the PAPER.

Built on the backtest's trade rates and Papertrade's live haircut for BTC and ETH.

PAPER per day

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Margin needed

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Papertrade cost / day

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Our fee / day

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Leverage

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Trades / day

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PAPER per $1

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Cost per 1M PAPER–

papercut

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aping

$10,000

papercut cost is all-in: Papertrade's haircut plus our 10%. Margin covers every pair at once.

Fees

We only eat when the haircut does.

10%

of the haircut the bot pays. Not your margin. Not your PAPER. Nothing up front beyond the credit you choose.

no subscription 0% of your PAPER dry runs free

01
Prepay a little USDCSend USDC on Hyperliquid from your farming wallet to our fee wallet. That's your credit.
02
Each close meters 10% of its haircutA $100K BTC pair closing at 1% costs about $136 in haircut and mints 98,000 PAPER. Our cut: $13.62.
03
Credit hits zero, the bot chillsIt stops opening new pairs. Open pairs close as normal. Top up and it picks straight back up.

Short loses 1% on $100K+98,000 PAPER

Papertrade haircut$136.16

papercut fee (10%)$13.62

All-in per 1M PAPER$1,528

FAQ

Straight answers.

The short version: your money never leaves your account, and the bot can't take it out.

Do you hold my money?

No. Your funds stay in your own Papertrade account the whole time. The bot trades them with a Papertrade session key you authorize.

Can the bot withdraw?

No. Papertrade session keys can open and close trades, but they can't withdraw. Only you can move money out.

What's the catch?

While Papertrade's LP refills, a winner's profit can wait in its payout queue. Your margin always comes back instantly, and the bot pauses new pairs when that queue gets long.

Is this safe?

It's experimental farm software, vibe coded with Claude, and it could break. Your funds stay in your own Papertrade account and the bot can't withdraw them, but a bug could still close trades badly or miss a close. Only farm with what you can afford to lose.

What happens when my credit runs out?

The bot just stops opening new pairs. Anything already open closes as normal. Top up and it carries on.

Why does this beat just losing?

Losing mints 100 PAPER per $1, and the $1 is gone. Here the losing side mints the same PAPER, but the winning side pays most of it back. You only pay the haircut.

When can I farm for real?

Pre-deposits are open now: deposit from the app straight into your own Papertrade account so you're at the starting line. Trading opens on 10.10 and bot authorization opens once it does. Until then, dry-run the bot on live prices and watch the PAPER stack up.

Waitlist

Be farming on day one.

Drop your wallet and X handle. You'll hear from us the moment bot authorization opens.