papertrade _

User Positions

Open Interest$104,713,451.16
Open Margin$3,936,137.61
Open Positions1,364
Market Long Short Net
BTC $24.7M $11.7M $13M
ETH $48.6M $19.7M $28.9M
Total $73.3M $31.4M $42M

Paper

Paper Supply9,142,757,086.8
Paper Staked9,083,250,524.2
Staker Rewards$63,610,067.0
Reward Token/RateUSDC / 1%

Stats

House Funds$3,423,513.75
LP Balance$4,486,381.75
Open House PnL-$1,062,868.00
Queue Debt$0.00
TVL$26.6M
Volume$1,520,880,480,036.00

House Exposure

BTC Long
$12,004,556.48
BTC Short
$25,102,305.52

1% House PnL

House Position Topology

Liquidation Heatmap

$0$1.83M

Queue Stats

Queue Debt$0.00
Queue Debt Positions0
Largest EntryNone
Front / Paid NextNone

Queue Placement

Connect wallet to see your entries

Queue Debt $0

PAPERTRADE / PROTOCOL LIQUIDITY

House: Inspect Protocol Liquidity and Open Interest

Use House to understand the protocol side of Papertrade synthetic perpetuals: LP liquidity, BTC and ETH long/short exposure, open interest, payout-queue activity and solvency context.

Protocol LP Liquidity

Follow the House or LP balance as context for protocol-side liquidity supporting synthetic trader settlement.

BTC & ETH Open Interest

Compare long and short notional exposure across supported markets to understand how trader positioning is distributed.

FIFO Payout Queue

When eligible winning profit cannot be settled immediately, the protocol documentation describes a FIFO queue for unpaid payout claims.

Solvency & Exposure

Liquidity, OI and queue metrics should be read together. None of these public metrics alone guarantees future solvency, execution or withdrawal availability.

How to Interpret Papertrade House Data

  1. Start with current LP liquidity and protocol-side balance.
  2. Compare BTC and ETH long OI with short OI.
  3. Review payout-queue activity for delayed eligible winning settlements.
  4. Use the solvency and risk documentation for the underlying accounting model.
Trade PerpetualsPortfolioMartingaler LP DocsSolvency & QueueProtocol Risk

Reading LP Solvency as a System, Not a Single Number

The House balance is only one part of protocol state. Directional open interest describes outstanding trader exposure, while the payout queue records eligible winning profit that could not be paid immediately. A more complete solvency view reads LP liquidity, long/short OI and queued obligations together.

Because Papertrade positions face the protocol LP rather than another trader, changes in realized trader PnL directly affect protocol-side accounting. House therefore acts as the public bridge between market activity and the liquidity model described in the Martingaler and solvency documentation.

Papertrade House FAQ

What is Papertrade House?

House is the protocol-side dashboard for LP liquidity, market exposure, open interest, payout-queue context and related solvency metrics.

What is Papertrade open interest?

Open interest represents active notional market exposure. The House view separates long and short exposure where data is available.

What is the payout queue?

The documented FIFO payout queue tracks eligible winning profit that cannot be paid immediately when available LP liquidity is insufficient.

Does a positive House balance guarantee payouts?

No. Public protocol metrics are informational and do not guarantee future liquidity, execution or withdrawal availability.

Where can I read about Papertrade solvency?

The Solvency and Queue documentation explains LP accounting, sideBucket behavior and FIFO payout mechanics in more detail.