paperpump

what is paperpump

1000x synthetic perps on every pump.fun coin.

pick a coin. pick a side. pick 1x to 1000x. one click opens the position, one click closes it.

no orderbook. no matching engine. no one on the other side to wait for. the LP takes every trade at the pool price.

markets

every pump.fun coin with a live pool

leverage

1x to 1000x

collateral

USDC

price

on-chain pool mid

status

paper mode · mainnet soon

how trades work

every trade is a synthetic swap against one LP.

you never buy the coin. you open a position on its price. the price is the mid of the coin's on-chain pool, read the moment you click.

you get exactly that price. 0 slippage. 0 spread. a 5 USDC trade and a 500,000 USDC trade fill at the same number.

no funding. nothing drips out of an open position. it stays open until you close it or it hits liquidation.

position size

margin × leverage

example

100 USDC at 50x = 5,000 USDC

PnL

size × price move since entry

ROE

PnL ÷ margin

funding

0

the LP

the LP is the other side of every trade.

when a trader loses, the loss flows into the LP. when a trader wins, the LP pays the profit and keeps a 10% haircut on it.

the LP bootstraps itself from trader losses. it starts small, and every losing close and every haircut makes it deeper.

$PAPERPUMP holders earn from the LP. every losing close and every 10% haircut deepens it, and holders take the yield.

in the paper terminal, "your paper LP" shows what the LP made from your own trades. losses + haircuts − wins.

fees

you pay on winners only.

open

0

close at a loss

0 extra · the loss goes to the LP

close at a profit

10% of the profit

funding

0

spread

0

slippage

0

liquidations

liq sits 90% of your margin away.

long

entry × (1 − 0.9 ÷ lev)

short

entry × (1 + 0.9 ÷ lev)

at 10x

9% move

at 100x

0.9% move

at 1000x

0.09% move

when the pool mid crosses your liq price, the position closes on its own. the margin goes to the LP. nothing more is taken.

paper mode

the terminal runs in paper mode until mainnet.

the terminal runs on real live prices from each coin's pool, refreshed every 3 seconds. the money is paper USDC.

connect a wallet to trade. every wallet gets its own paper account with 10,000 paper USDC, kept per address. reset it any time. connecting only signs a message. no transaction, no funds move.

$PAPERPUMP

our coin on pump.fun.

holders earn from the LP. trader losses and the 10% profit haircut fill it, and the yield goes to $PAPERPUMP holders.