Is Hyperider safe? Can I get liquidated?

Trades are tiny, capped, and auto-closed each ride, so you cannot be liquidated out of your account the way manual perp trading risks. You can also ride in free practice mode with no wallet and no real trades to learn first.

Does Hyperider take custody of my funds?

No. Hyperider is non-custodial. You keep your funds in your own accounts on each perp DEX. You connect with Privy and sign a trade-only key that can place small orders but can never withdraw or move your funds. Hyperider never holds your assets.

What is Privy and how do I connect?

Privy is the wallet-authentication layer Hyperider uses. You sign in with your existing wallet and approve a one-time, trade-only signature per venue. No seed phrase is shared and the key cannot withdraw funds.

Can I try Hyperider without trading real money?

Yes. Tap 'watch a lap' to ride in free practice mode, no wallet, no risk, no real trades. When you are ready, go live and each ride places small real trades on the venue you choose.

How much are the fees?

As low as $0 per $1M of volume on zero-fee venues like Lighter, and single-digit-to-low dollars per $1M on maker-first venues. Hyperider studies live market conditions and routes every drive down the cheapest path it can find, and keeps working to push fees lower.

Do I need an account on the perp DEX?

Yes, you fund and hold your balance on each perp DEX yourself (Hyperliquid, Hotstuff, Lighter, Perpl, Extended, Ondo). Hyperider drives on top of those accounts and never holds custody. Every trade also farms that venue's own points/airdrop.

paper-2026-08-27-17-48-partial

paper-quote · completed August 27 at 05:48 PM · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 0.01h elapsed · started 2026-08-27T17:30:43.148Z · clip $100 · halfSpread 1bps · leadMove 1.5bps · maxInv $300

NO ORDERS WERE SENT — simulated quoting against the live RH tape. Strict fills = the tape printed THROUGH our price (certain regardless of queue); marginal = printed AT it (queue-dependent, excluded from capture).

| market | spread bps | strict fills | marginal | fills/hr | replaces | capture $ | capture bps | mk+10s bps | inv now $ | mkt $/hr | 15% clip cap |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTC | 0.40 | 6 | 0 | 600.0 | 6 | 0.057 | 0.94 | -0.32 | 200 | $1,580,617 | $395 |
| COIN ⏰ | 2.60 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| ORCL ⏰ | 4.72 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| AAPL ⏰ | 1.90 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| SUI | 11.55 | 27 | 0 | 2700.0 | 27 | 0.873 | 3.23 | -2.73 | -300 | $1,015,813 | $56 |
| NEAR | 8.26 | 26 | 1 | 2600.0 | 27 | 0.661 | 2.54 | -7.99 | 100 | $971,947 | $56 |

⏰ = stock-token under the SESSION GATE: quotes only while the underlying is closed (gate 13:00–21:00 UTC Mon–Fri, inventory force-flattened at gate-in; flattens so far: COIN 1 · ORCL 1 · AAPL 1).

Fair-value source mix (fills by source)

- BTC: binance 0 · hyperliquid 0 · local 6

- COIN: binance 0 · hyperliquid 0 · local 0

- ORCL: binance 0 · hyperliquid 0 · local 0

- AAPL: binance 0 · hyperliquid 0 · local 0

- SUI: binance 27 · hyperliquid 0 · local 0

- NEAR: binance 27 · hyperliquid 0 · local 0

Ranking at launch (spread-to-1s-vol)

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| CASHCAT | 119.80 | 6.75 | 17.76 | 1.2 (thin) |
| USO | 12.43 | 0.93 | 13.33 | 0.6 (thin) |
| META | 5.60 | 0.70 | 8.02 | 1.8 |
| VVV | 26.61 | 3.80 | 7.01 | 0.1 (thin) |
| OPENAI | 61.62 | 10.94 | 5.63 | 0.3 (thin) |
| BABA | 3.46 | 0.63 | 5.50 | 4.4 |
| QQQ | 1.39 | 0.27 | 5.17 | 40.2 |
| SGOV | 9.94 | 2.03 | 4.91 | 4.2 |
| SLV | 5.42 | 1.16 | 4.65 | 0.2 (thin) |
| AAPL | 1.90 | 0.42 | 4.48 | 3.3 |
| AMD | 3.37 | 0.83 | 4.06 | 2.6 |
| SUI | 8.25 | 2.14 | 3.86 | 0.9 (thin) |

Verdict inputs: capture bps = mark-to-fair PnL per strict-filled notional; net expected bps ≈ capture + mk+10s (drift after our fills). Deploy only where BOTH are ≥ 0 across a full day. Interim — numbers move until the run completes.