Paper Hedge Farm
What is PAPER worth
Last 24h dividends · —
What this tool gives you
- More PAPER for the same money: plain loss / liquidation mining costs ≈ — U per PAPER; this strategy with the current parameters ≈ — U (incl. 0% service fee), saving —% per PAPER — for the same 1,000 U lost, plain mining yields — PAPER and this strategy — PAPER, —× as much.
- Works without the hedge — hosted stop/take: for any position you already opened on the Paper site, enter stop / take prices in the Positions table below and the server watches around the clock and closes it when the price arrives; or tick it into the strategy. Hosted stop/take is free of service fee.
- Automated, but check on it: the server keeps one long and one short in your account under your parameters, closes a leg when it hits its stop or take and reopens it at the current price, even with your browser closed. Paper orders go through a relayer queue, so the two legs often drift out of balance or one leg is left over — look at your positions and the run log a few times a day and fix imbalances promptly.
- Open/close permission only: you authorize a session key that can only open and close positions inside your Paper account; it cannot withdraw, transfer or touch any other asset in your wallet, and you can revoke it any time.
Positions the strategy opens count as its legs automatically; positions opened on the Paper website or manually must be selected and adopted. After the strategy is turned off, its legs are still remembered — you can remove them from the strategy or set manual stop loss / take profit.
Account positions Hosted stop / take
| #ID | Side | Margin × Leverage | Entry | Change | Stop price | Take price | Managed by | ||
|---|---|---|---|---|---|---|---|---|---|
| Shown once you connect your Paper wallet | |||||||||
Manual stop loss / take profit has three states: not set / edited, not saved (amber tag — press "Save & apply") / active (green tag — the server is watching and will close the position for you when the price is hit). Auto strategy legs' stop loss / take profit aren't edited here; change the parameters in the right column.
Triggers use the Hyperliquid public order-book mid price, the same source Paper settles against. A Close has to be batched on-chain by Paper, and the fill price is the mid price at the execution block, a few seconds later.
Activity log
Shown after authorization
Start hedged farming
Not for beginners. This deliberately loses money to earn PAPER: the margin you put in is lost stop by stop, and all you get back is non-transferable PAPER and its dividends. Only use money you are willing to lose entirely.
You can tune parameters and see estimates without logging in; log in and connect your wallet when you press "Start in one click" below.
Presets
- Notional per leg
- 10,000
- New pair needs
- 200
- Cost budget (USDC)
- 200 · auto = both legs' margin, stops when it is lost (change under Custom)
- stop loss
- 0.3%
- take profit
- 0.6%
Risk notice: Barker provides yield information and campaign distribution only and does not constitute investment advice; it has no recommendation, endorsement, guarantee, or agency relationship with the protocols or projects shown here. Deposits enter third-party on-chain protocols, and both principal and yield carry risk. Do your own research and decide independently — you bear all risk.
Main risks of hosted execution: Paper's rules and interfaces change often, the strategy can end up one-sided, relayer queuing can move fills away from the trigger price, and every figure is an estimate. Full list:
Limits
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