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Paper trading · free

1000x, minus the scars.

Trade BTC and ETH at up to 1000x on live Hyperliquid prices. Practice on paper, duel your friends and climb the season, on the same rules as papertrade.

BTC —ETH —connecting…

Fast mode

One-tap longs and shorts, size and leverage presets, and fully custom hotkeys on desktop.

Duels & Royale

Go 1v1 with a friend, run 2v2 duos, or survive a 16-player Royale. Ranked seasons with badges and chart borders.

Real conditions

Live prices, papertrade’s fees on wins, size limits and open-interest caps. Flip on Live speed to feel real fill times.

Streaks & replays

Replay your win streaks (and bust streaks), and share trade cards, including the ones you closed too early.

Your chart, your way

1-second charts, indicators, themes and photo backgrounds. Drag, zoom and stretch like a pro terminal.

The house

On papertrade, trader losses fill the house pool and overflow goes to PAPER stakers. See where every bust goes.

How it works

  1. 1

    Start on paper

    Get $1,000 of paper money and trade BTC or ETH at up to 1000x. Refill anytime; refills never count as profit.

  2. 2

    Build your edge

    Track win rate, time alive, busts and fees. Practice at Live speed so your habits hold up for real.

  3. 3

    Compete

    Challenge friends, climb the ranked ladder and the season boards. Ranked by skill, not bankroll.

Straight talk

Your first bust is on us.

Open Papercut

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