Risk & responsible play

18+ only · last updated 26 October 2026

PaperFight looks like a game, but every fight is a real leveraged trade with real money on your own Papertrade account.

You can lose the whole stake

Each fight is $10 at 1000×. At 1000×, a price move of less than 0.1% against you can knock you out (“KO”) and your whole $10 is gone. That can happen within seconds. Only play with money you can afford to lose.

Results aren’t guaranteed

Prices move fast, orders queue, and fills and liquidations follow Papertrade’s rules. Small wins can come out lower than they looked on screen. Papertrade’s number is the final result.

Practice is not real play

Practice is a free simulation with a fictional $10 and no prize. It starts instantly at the live mid price, with no fill wait and no real execution. Real fights fill on Papertrade at real prices and can come out worse. Winning in Practice doesn’t mean you’ll win for real.

No financial advice

Nothing here is a tip, signal or recommendation. Past results mean nothing about the next fight.

Jackpot

The jackpot is PaperFight’s own USDC seed plus 10% of its real builder fees on Papertrade (PaperFight keeps the rest), and it can be small or $0. The seed and the share can change before someone wins. Only the first verified boss win takes it. Payout is manual, in USDC, and can be delayed by Papertrade’s minimum withdrawal or payout queue. The rules can change. Don’t take extra risk to chase it: every fight can still lose its full $10. Rules

Not affiliated with Papertrade

PaperFight is an independent interface. It never holds your funds or your $PAPER. Positions sit on your own Papertrade account.

Play responsibly

• Set a budget before you start and stop when it’s gone.
• Don’t chase losses with “one more fight”.
• Take breaks. A fight lasts 1 to 5 minutes; your evening doesn’t have to.
• Never play with borrowed money or money you need.
• If trading or gambling stops being fun, stop. Talk to someone you trust, or a local support service for problem gambling.

Contact

Questions? Reach out through PaperFight’s official channels.