+= - #- x x = = . =# x=-x = - - x= -x x - #+ - x =# = - + . - . . x - # - x #+ - -= = # - x x= . + + + - # = x . + + - #-# x . # # # = xx =# x= #= -= =# ==+= -# x . -# -#- x + + # = = # x - -x + + + ##+-=.= . # = + # + . # -+x # . ## + ## ++ x# - = + = #+ x x = -. x - ## - - - . x# x = = + #+= xx . =+# #=#. =+ ++ # + . = . . - = -x # x # +. #+. .= .# = # x# .- x .#=# # - x + - + - # # . - + = - . .#= . . x # x =+.- . .-+ = =- - . # = + -x=##=+ . x . + xx+ =- x x -+ x - # +=- x #= # .# .= +x + . .- =- = ##- # + . -xx = = x# . x . + ..x- = = +x # =# + x = # +x= +=. x # -# # # = -+ =+ # + . # -x##x x-. -. x-. x - . + x + . = == # #x = -# #+# -= +# .+ . . x= - .==+ = +# +x= x -- + xx.#=- - - . # # x - - - - + + x x + . # =. # - - . . . =x+ = # x--+ - x.- x -- +# .- = + + # . . x = ++ . ==. = = - x # .=- . + x -.==x x+# - + ++ . = -. # + x#+ + . . = - x + = = x - = # + = +.-. + - # = xx + . . xx + - . + # ##. .# . + - x. = += #+ = = - + =x x x == xxx -# + . . - - x + =x = = + . ##= = + ..-. # + - + # -= # .+ #. - - x . . . #- + # -x x =# - = x =. = = +x + . x# +=- x= x = - x x += # .= = =# . +- + # x= .x - x+ == --x- - += + . + . + x # - = + x =# . =. . =x x- = x ++ x # . # # + . = + # +#.x .- . # x # +== + . x # # # .=+ . + - .x x + -. + . + = = - - + =. x- = -++. -# = #= .x + - + - # - . +# + ## x - x x # - x- + =x -# =# # # .+ x -- . + . = = . =x .-# + #x. x = = . x# x x+ # x +- -# - # + # # + = + . -+ .# x # x x # - + =+ =. - - - + # # ++# . + #x=x + #x x - + - --- # + x --# # + # - # = -x # +. = # - x # +x- =# . --+ = x x# =# + xx . # . = + == + x++ = #x - .. +. - = +x.- + . . # . x #x - x # # x .# .-#+#### x= . x = = x -=x -x +. # - = x - = xx = x - #+ x .- -+-x= - . . .# -+ = = = - # .x ++-- x = +. - =# - + . .. = #= - # . - # = x+x . x#=# # = - - . x . # . ==.#+ #-=# . x + x# = x . . =x #+# + . -.== = - . = +. - --. + - - x = x -++-.. # = - =# = +xx+ = + =+= #xx- -x # = =x # x = =- x - = - = = . . - .- - x . x x + #= x=+ # --# +#. x# =x - x+ # = + x + . - -= x + #x= - - - -- ##+x # x # x . = x . . + - x == = . ++ + . -x =#. x = - + = + . - . +#=+ . . - . . + += + . # = = - x x == #+ #x . = - + + # x . +- -+ - .# + . # # +- . = . ++- # x= - # - x# - . = - =..x. ++ + x = .# x. + = - # - x+ = x # # x x+= = - + + - # x .- -.= = x x + . .x . + # + =+ . x= = - - . . . # - . +. x + x . - . #+- .x # =. . - +- - x . = . x - # + # - . . = # . # . x - # # + - + -+ # - -#+ # - x # x xx -. . x = - - + x# - = x =x# .x -x . -#x .x # x - - . = # # .+. = x + x == # + = + = .# -=. . + . + #= =. - # x . = = x# . #x + #.= - . . # x x #-+x . x = = x # # . + + #=x = + = - # x+ -+ + += #+- # + x - --- = x = . - =. + . + . --#= + - # .# x x= +# = -- x + -= . x - . x # - x + + === x =- + = .. = - - + = - = + x + = # = + = ==x + - .+=. . . . + =- - - + x + # = - - x+ x + # -++ x x.+ . --+ + x - #+. + - x .##+ xx + - + =x x = . . = - # x # = x.x +- = . . #-+ # . # = - # . = = . = ==+ + +# = + -+ x x. x= x + +. = - + #- - x = - - .+ x -- x + x+ - x = #+ - + +#x# + - - = + # . # # - x - # + =x# =x x+ -+= + - # x. = . xx . ++ = - .. = =#. + x = = x - + - # = - . .- x x .= -x # = + x - # # # - # = x = xx x -# + . .#+ . # = - + = x# . = -. x . . # = #= . x x .= # = x # # . + x + =-x + #=. + = + + # + + - .# .+ - # x x =x. # . . x- #= =-+ x .- .. - . - . += ++ = =+ . += x . .. . + = # =- x . + . x# . + + +. .. -+. x x -+ .# x. =- # .+ # # .- = . # + - + . = - .= +x++ - #-. . += = - . = . x- . # -= . #=-- x .=- .. x . = . + + x . - . = x .x +. # + =. - ++ - . # + x = . . x x x + x #+ - . #. + x= + x =x . + .+ # . # . # =+# = . # x ##- .= #+ =x .x # + . = + . =+ . - xx . =x - #= x- x ++= . = . == + - = #+ - - . + . - x +# x #-- + +# x - # x x - # -x + = + + + # x = .= . # = x+.- # # # . x . + - . = - .x. + # = x +#x-. ++ x.==# - #- . + + # #- -= = =.- ++ . = # x x- # . ##. =. .= + #+#= #+ + . -+ + . . + #x x x # # + + - xx # xx= + #- . x x - . . x . . .# x + x x x - # + .- - -. .- .x = .-- - - = x = # x .x - .= #. . x = + -+x. + +x += .- -== - = - =. = - = x + .#.. - x= -. = x x . x = - - .# + +- x- xx+ # - # # + . ++ = =x - # - .x x x#=+ x . . # x = =x. - = x. = = . - x - =+ + = x# + + -# += . x+ -+ + # #- x - = x =x =-= # # x - + . + # + . =# . . x + . - - - + = x= +- = # .#+ # + - # . + ++ # . - +- + . =. -- = x = - - # +# - . . += - + + # - # = + = =. ## =+x + -# =x.x . = = .- # ## .- = x . .x. + x + #= . = # x . = + - #x + - x + .= x +# . x .x # =# x =- . ++ + # = . - +.- . . = - x + . # # # x - x - . x .# =x -x # = # x== . . + # =# - x. . . x + . = = - x x + - + # -=# .-. . = + . .- # .# # - - x .+ = x . x - x + # . + ..# . = x . -# - x + = -- =- - - x = # . + = . - .. .. = . + +. # . - # - # - . # = . - = # -# .# x ---= + -.= . - . --# + #.x x = = = . .x =x. + = # . + # # .# x=+ x x .-- x = = -. .++ x # x .- + - x= # x- # - = -- # #xx . = +x == #x . + - - + ++ = . -x + x -.+ = - # - - x - + x x+ x . x = + .x# = x . # # x x x + . # # # + # . -+ x =x + . - x + x# .x = # = #x # .+= = - +. - # = + + # x . . #x+ x+#- - .x+ . =+ = #= . x - # . - - - # = . . = + x . x - x . . -+ # = # x+ =x = = + + + + .x # + =. -+ # x . .x x = #. # + = - -- + -# x + . . # + + . # = = - . x+ = = - = . . = = . - . . -= x # # = . #- - + x . - x == .= + = + + -. # # x - + # . x . x x = = x - # + - # - - x + . = # . .- ++ = x + # . # x x . -+ - x # = = # = x # # = - = + # - . + - # + # x - . - = x = x . - = . + x . # + + x - x . . # - . - + + . # # x . = = + # x . = = = = - # . . . # = # - - # = . x + - x + =
papertrade's house ledger · hyperevm
the pool that pays every winner · funded only by losers
$4,981,903
$18,097 under the $5M line
$2M · PAPER mint rate starts decaying $5M · stakers' line
payout queue
$0
0 winners waiting to be paid
PAID IN FULL
house funds
$4.7M
pool + open house PnL
open house PnL
−$236K
what the house is up or down on open bets
open interest
$912.1M
3,197 open positions
trader margin
$16.2M
collateral behind the open book
book leverage
56x
open interest ÷ trader margin
paid to stakers
$42.4M
lifetime USDC to PAPER stakers
open interest by side · the house is the other side
marketlongshortnet
BTC$306.0M$302.7M +$3.3M
ETH$136.2M$167.3M −$31.1M
pool · last 24h
PAPER
supply7,771,246,949
staked99.2%
transferableno
implied price$0.0181 – $0.0718 ↗
best close · 24h
ETH 100x short+$106K