okay not trying to fud but… @papertrade_xyz doesn’t actually execute trades on hyperliquid. it just uses hyperliquid prices to settle synthetic positions against its own LPs, with 1000x leverage and some questionable payout asymmetry when prices gap. my concern is what happens when enough people figure this out. or someone big decides to trigger a volatility event that could drain the LP, and leave everyone queuing for withdrawals. using hyperliquid prices and trading on hyperliquid are two very different things. not sure if most trading on paper actually understand the difference.

don’t worry guys, i’ll integrate @papertrade_xyz into from day 1 you’ll be able to find delta neutral opportunities across different exchanges and profit from price and funding arbitrage

papertrade launch timing and details papertrade is expected to launch at 14:00 UTC on 10.10.2026, following the scheduled hyperevm network upgrade. at this time trading through the frontend will be enabled. deposits will pause for a short period of time at 13:45 UTC, fifteen minutes before, to ensure that trading has the utmost priority during launch. if you wish to participate in the launch you must predeposit. launch congestion papertrade will be congested at the start due to launch demand. expect temporarily long confirmation wait times, especially for smaller notional trades. the frontend relayer plays an important role during launch, controlling how transactions are submitted to the hyperevm. some actions like staking distributions run separately in big blocks. the chain will always look as if only half of all possible gas is being used, this is optimal. using more than this would exponentially raise fees within minutes to unpayable prices. oi limits papertrade has individual atomic position limits of 10m. there is no limit on the number of 10m positions a user can have. papertrade also has floating oi headroom per market/side, which determines how much oi can be opened in a very short period. these are not designed to be triggered through normal trading usage and are set at 1bn per market/side for launch. asym pnl fee parameters papertrade inherits rollbit’s asymmetric fee pnl curve the parameters are: -baseRate: .1 -rateMultiplier: 15000 -rateExponent: 1 -referenceNotional: 100000*k (k=1m) -positionMultiplier: 814.598 btc / 483.979 eth -profit deadman: 0.2 basis points a visualization of the pnl parameter curve is below admin keys the papertrade admins (2 of 3 multisigs consisting of @izebel_eth @blurr @UngusTrade ) perform three separate roles: -guardian: pause opens and freeze individual/global markets. if a market is frozen any existing positions can still be closed against the paused bbo mid. -owner: set impact curve and fee parameters. change configure relayers/keepers. list new markets and upgrade the contracts. all contract upgrades are gated by a 7 day timelock. -markets: adjust the oi headroom per market/side. set the minimum margin and minimum position sizes. read more about these features at:

can't believe i'm dropping this now. bloomberg terminal for basis and funding arbitrage a lot of time and effort went into this, and here's what you get: - scanner for arb setups across 35 cexes and perp dexes - realtime parsing of 9300 unique pairs - bid and ask of both legs are accounted for, not just last or mark price - you can see real returns over 24h, 7d, 30d based on historically paid funding (not just converting current funding into APR) - ability to filter pairs by volume and open interest and most importantly for every pair you can open a detailed chart section that includes: - price chart (including bid ask) - historical in/out spread chart (based on real bid ask) paid funding chart - funding change chart (yes, it's always different and not always equal to funding paid) and yes, all of this is completely free link:

papertrade launch timing and details papertrade is expected to launch at 14:00 UTC on 10.10.2026, following the scheduled hyperevm network upgrade. at this time trading through the frontend will be enabled. deposits will pause for a short period of time at 13:45 UTC, fifteen minutes before, to ensure that trading has the utmost priority during launch. if you wish to participate in the launch you must predeposit. launch congestion papertrade will be congested at the start due to launch demand. expect temporarily long confirmation wait times, especially for smaller notional trades. the frontend relayer plays an important role during launch, controlling how transactions are submitted to the hyperevm. some actions like staking distributions run separately in big blocks. the chain will always look as if only half of all possible gas is being used, this is optimal. using more than this would exponentially raise fees within minutes to unpayable prices. oi limits papertrade has individual atomic position limits of 10m. there is no limit on the number of 10m positions a user can have. papertrade also has floating oi headroom per market/side, which determines how much oi can be opened in a very short period. these are not designed to be triggered through normal trading usage and are set at 1bn per market/side for launch. asym pnl fee parameters papertrade inherits rollbit’s asymmetric fee pnl curve the parameters are: -baseRate: .1 -rateMultiplier: 15000 -rateExponent: 1 -referenceNotional: 100000*k (k=1m) -positionMultiplier: 814.598 btc / 483.979 eth -profit deadman: 0.2 basis points a visualization of the pnl parameter curve is below admin keys the papertrade admins (2 of 3 multisigs consisting of @izebel_eth @blurr @UngusTrade ) perform three separate roles: -guardian: pause opens and freeze individual/global markets. if a market is frozen any existing positions can still be closed against the paused bbo mid. -owner: set impact curve and fee parameters. change configure relayers/keepers. list new markets and upgrade the contracts. all contract upgrades are gated by a 7 day timelock. -markets: adjust the oi headroom per market/side. set the minimum margin and minimum position sizes. read more about these features at:

some well-known perp dex isn't paying me referral payouts for some reason, despite the huge trading volume and fees i'm generating for them hope we can sort this out otherwise, you'll get quite a good read from me

papertrade pre-deposits are live! in order to avoid the launch trading congestion, deposit during the next two days to secure your spot at the starting line. once trading begins, account creation/deposits will be heavily deprioritized. no need to rush - there is no advantage to depositing earlier during this period. when on 10.10 will papertrade go live? live trading will begin approximately one hour after the expected hyperevm network upgrade on 10.10. the exact upgrade time is not known beforehand. the official hyperliquid discord will post an update when the upgrade is about to begin, so keep an eye there for an early heads up. there is a small historical possibility that the upgrade will happen on the AM of the 11th.

NEW: @SushiSwap PARTNERS WITH @LayerZero_Core TO ENABLE ACCESS TO $HYPE ON @RobinhoodCrypto CHAIN "FOR THE FIRST TIME" "BUY, TRADE, PROVIDE LIQUIDITY AND LAUNCH TOKENS WITH $HYPE ON SUSHI"