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. On most venues you sign a trade-only key that can place small orders but cannot withdraw or move your funds; on the few whose keys can do more (Paradex, N1, RISEx) the key stays in your browser and is never sent to a server. Hyperider never holds your assets.

What is Privy and how do I connect?

Privy is the wallet-connection layer Hyperider uses. You connect your existing wallet and approve one signature per venue. No seed phrase is shared, and on most venues the key that signature creates is trade-only and 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, Lighter, Arcus and the rest of the sixteen). Hyperider drives on top of those accounts and never holds custody. Every trade also farms that venue's own points/airdrop.

Quoting study · Sep 29, 02:18 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-09-28T20:18:01.238Z · 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).

BTC
capture bps
-2.30
mk+10s bps
-1.70
spread bps
0.47
fills/hr
9.5
strict fills
57
marginal
0
replaces
432
capture $
-1.311
inv now $
300
mkt $/hr
$2,848,093
15% clip cap
$44972
COINsession gate
capture bps
0.54
mk+10s bps
0.31
spread bps
2.60
fills/hr
26.3
strict fills
158
marginal
0
replaces
554
capture $
0.854
inv now $
-200
mkt $/hr
$9,197
15% clip cap
$52
ORCLsession gate
capture bps
-0.72
mk+10s bps
-1.05
spread bps
3.76
fills/hr
10.7
strict fills
64
marginal
0
replaces
360
capture $
-0.464
inv now $
0
mkt $/hr
$8,613
15% clip cap
$121
AAPLsession gate
capture bps
0.63
mk+10s bps
0.47
spread bps
1.48
fills/hr
97.8
strict fills
587
marginal
1
replaces
627
capture $
3.694
inv now $
0
mkt $/hr
$258,242
15% clip cap
$396
SUI
capture bps
-1.76
mk+10s bps
-4.96
spread bps
6.18
fills/hr
44.8
strict fills
269
marginal
1
replaces
1173
capture $
-4.726
inv now $
200
mkt $/hr
$34,035
15% clip cap
$114
NEAR
capture bps
1.17
mk+10s bps
-0.97
spread bps
3.03
fills/hr
212.3
strict fills
1274
marginal
9
replaces
2278
capture $
14.938
inv now $
-300
mkt $/hr
$126,248
15% clip cap
$89

raw table

| market | spread bps | strict fills | marginal | fills/hr | replaces | capture $ | capture bps | mk+10s bps | inv now $ | mkt $/hr | 15% clip cap |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTC | 0.47 | 57 | 0 | 9.5 | 432 | -1.311 | -2.30 | -1.70 | 300 | $2,848,093 | $44972 |
| COIN ⏰ | 2.60 | 158 | 0 | 26.3 | 554 | 0.854 | 0.54 | 0.31 | -200 | $9,197 | $52 |
| ORCL ⏰ | 3.76 | 64 | 0 | 10.7 | 360 | -0.464 | -0.72 | -1.05 | 0 | $8,613 | $121 |
| AAPL ⏰ | 1.48 | 587 | 1 | 97.8 | 627 | 3.694 | 0.63 | 0.47 | 0 | $258,242 | $396 |
| SUI | 6.18 | 269 | 1 | 44.8 | 1173 | -4.726 | -1.76 | -4.96 | 200 | $34,035 | $114 |
| NEAR | 3.03 | 1274 | 9 | 212.3 | 2278 | 14.938 | 1.17 | -0.97 | -300 | $126,248 | $89 |

⏰ = 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 48hyperliquid 0local 9
COIN
binance 0hyperliquid 0local 158
ORCL
binance 0hyperliquid 0local 64
AAPL
binance 0hyperliquid 0local 588
SUI
binance 270hyperliquid 0local 0
NEAR
binance 1283hyperliquid 0local 0

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

ANSEM
spread bps
110.97
ratio
5.90
trades/min
1.1
vol1s bps
18.80
XAG
spread bps
4.40
ratio
5.56
trades/min
5.2
vol1s bps
0.79
SPCX
spread bps
2.74
ratio
4.64
trades/min
12.1
vol1s bps
0.59
TSLA
spread bps
3.91
ratio
4.49
trades/min
12.8
vol1s bps
0.87
GOOGL
spread bps
2.33
ratio
3.42
trades/min
4.5
vol1s bps
0.68
AMC
spread bps
32.25
ratio
2.98
trades/min
2.8
vol1s bps
10.81
SUI
spread bps
6.60
ratio
2.84
trades/min
1.8
vol1s bps
2.33
TSM
spread bps
5.74
ratio
2.79
trades/min
0.4 (thin)
vol1s bps
2.06
META
spread bps
2.37
ratio
2.66
trades/min
5.0
vol1s bps
0.89
XAU
spread bps
1.33
ratio
2.54
trades/min
16.9
vol1s bps
0.52
MU
spread bps
2.75
ratio
2.49
trades/min
5.1
vol1s bps
1.11
NVDA
spread bps
2.62
ratio
2.44
trades/min
21.2
vol1s bps
1.07

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| ANSEM | 110.97 | 18.80 | 5.90 | 1.1 |
| XAG | 4.40 | 0.79 | 5.56 | 5.2 |
| SPCX | 2.74 | 0.59 | 4.64 | 12.1 |
| TSLA | 3.91 | 0.87 | 4.49 | 12.8 |
| GOOGL | 2.33 | 0.68 | 3.42 | 4.5 |
| AMC | 32.25 | 10.81 | 2.98 | 2.8 |
| SUI | 6.60 | 2.33 | 2.84 | 1.8 |
| TSM | 5.74 | 2.06 | 2.79 | 0.4 (thin) |
| META | 2.37 | 0.89 | 2.66 | 5.0 |
| XAU | 1.33 | 0.52 | 2.54 | 16.9 |
| MU | 2.75 | 1.11 | 2.49 | 5.1 |
| NVDA | 2.62 | 1.07 | 2.44 | 21.2 |

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.