% Set binding correction value (mode=BCOR turns it on).
\doifmodeelse{BCOR}{\def\bindingcorr{5mm}}{\def\bindingcorr{0pt}}

% Set visible page width.
\newdimen\PageWidth
\PageWidth=\dimexpr(\paperwidth-\bindingcorr)

% Determine the paper aspect ratio.
\edef\Ratio{\withoutpt{\the\dimexpr(2\paperheight/(\PageWidth/32768))}}

% Set the textarea width to 2.6 alphabets.
\setbox\scratchbox\hbox{\dorecurse{26}{\character\recurselevel}}
\newdimen\Width \Width=\dimexpr(2.6\wd\scratchbox)

% Set the textarea height proportional to the width.
\newdimen\Height \Height=\dimexpr(\Ratio\Width)

% Set the margin/gutter widths to be equal on a full spread.
\newdimen\Back
\doifmodeelse{oneside}
    {\Back=\dimexpr(((\PageWidth - \Width) / 2) + \bindingcorr)}
    {\Back=\dimexpr(((\PageWidth - \Width) / 3) + \bindingcorr)}

% Set the top and bottom margins in a 1:2 ratio, ignoring headers.
\edef\Top{\the\dimexpr((\paperheight - \Height) / 3 - 3\lineheight)}

% Redefine \Height to include header and footer space.
\Height=\dimexpr(\Height + 8\lineheight)

% Set up the page layout using the calculated parameters.
\setuplayout[
     backspace=\the\Back,
     height=\the\Height,
     width=\the\Width,
     header=2\lineheight,
     headerdistance=\lineheight,
     footer=2\lineheight,
     footerdistance=0\lineheight,
     topspace=\Top,
     ]

\setupheader[][state=none]

\setuppagenumbering[alternative=doublesided, location={footer}]
\enablemode[BCOR]
\starttext
\framed[width=\textwidth,height=\textheight]{}

\input tufte
\stoptext