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, 08:31 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-09-29T02:31:28.089Z · 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
3.70
mk+10s bps
-0.54
spread bps
1.18
fills/hr
21.5
strict fills
129
marginal
0
replaces
554
capture $
4.770
inv now $
300
mkt $/hr
$3,397,537
15% clip cap
$23713
COINsession gate
capture bps
0.34
mk+10s bps
0.01
spread bps
3.59
fills/hr
60.1
strict fills
361
marginal
1
replaces
843
capture $
1.236
inv now $
-200
mkt $/hr
$13,204
15% clip cap
$33
ORCLsession gate
capture bps
0.43
mk+10s bps
-2.15
spread bps
2.25
fills/hr
16.8
strict fills
101
marginal
1
replaces
485
capture $
0.434
inv now $
200
mkt $/hr
$16,549
15% clip cap
$148
AAPLsession gate
capture bps
0.72
mk+10s bps
0.61
spread bps
2.37
fills/hr
142.9
strict fills
858
marginal
6
replaces
936
capture $
6.143
inv now $
0
mkt $/hr
$242,121
15% clip cap
$254
SUI
capture bps
2.91
mk+10s bps
-1.39
spread bps
4.52
fills/hr
101.3
strict fills
608
marginal
1
replaces
1479
capture $
17.694
inv now $
300
mkt $/hr
$30,284
15% clip cap
$45
NEAR
capture bps
0.88
mk+10s bps
-1.32
spread bps
4.80
fills/hr
178.1
strict fills
1069
marginal
5
replaces
1987
capture $
9.453
inv now $
200
mkt $/hr
$170,344
15% clip cap
$143

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 | 1.18 | 129 | 0 | 21.5 | 554 | 4.770 | 3.70 | -0.54 | 300 | $3,397,537 | $23713 |
| COIN ⏰ | 3.59 | 361 | 1 | 60.1 | 843 | 1.236 | 0.34 | 0.01 | -200 | $13,204 | $33 |
| ORCL ⏰ | 2.25 | 101 | 1 | 16.8 | 485 | 0.434 | 0.43 | -2.15 | 200 | $16,549 | $148 |
| AAPL ⏰ | 2.37 | 858 | 6 | 142.9 | 936 | 6.143 | 0.72 | 0.61 | 0 | $242,121 | $254 |
| SUI | 4.52 | 608 | 1 | 101.3 | 1479 | 17.694 | 2.91 | -1.39 | 300 | $30,284 | $45 |
| NEAR | 4.80 | 1069 | 5 | 178.1 | 1987 | 9.453 | 0.88 | -1.32 | 200 | $170,344 | $143 |

⏰ = 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 0 · ORCL 0 · AAPL 0).

Fair-value source mix (fills by source)

BTC
binance 115hyperliquid 0local 14
COIN
binance 0hyperliquid 0local 362
ORCL
binance 0hyperliquid 0local 102
AAPL
binance 0hyperliquid 0local 864
SUI
binance 609hyperliquid 0local 0
NEAR
binance 1074hyperliquid 0local 0

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

LUNR
spread bps
58.59
ratio
69.43
trades/min
0.1 (thin)
vol1s bps
0.84
USAR
spread bps
9.67
ratio
33.04
trades/min
0.0 (thin)
vol1s bps
0.29
BE
spread bps
11.43
ratio
9.74
trades/min
0.2 (thin)
vol1s bps
1.17
IREN
spread bps
14.85
ratio
7.30
trades/min
0.3 (thin)
vol1s bps
2.03
SHEIN
spread bps
30.98
ratio
7.30
trades/min
2.7
vol1s bps
4.25
AI
spread bps
244.86
ratio
6.07
trades/min
0.3 (thin)
vol1s bps
40.35
CASHCAT
spread bps
26.94
ratio
5.22
trades/min
5.6
vol1s bps
5.16
AMC
spread bps
23.17
ratio
5.20
trades/min
1.3 (thin)
vol1s bps
4.46
AMZN
spread bps
2.43
ratio
4.79
trades/min
1.7
vol1s bps
0.51
ORCL
spread bps
4.51
ratio
4.60
trades/min
0.3 (thin)
vol1s bps
0.98
PLTR
spread bps
4.38
ratio
4.59
trades/min
0.1 (thin)
vol1s bps
0.95
AAPL
spread bps
2.36
ratio
4.52
trades/min
9.7
vol1s bps
0.52

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 58.59 | 0.84 | 69.43 | 0.1 (thin) |
| USAR | 9.67 | 0.29 | 33.04 | 0.0 (thin) |
| BE | 11.43 | 1.17 | 9.74 | 0.2 (thin) |
| IREN | 14.85 | 2.03 | 7.30 | 0.3 (thin) |
| SHEIN | 30.98 | 4.25 | 7.30 | 2.7 |
| AI | 244.86 | 40.35 | 6.07 | 0.3 (thin) |
| CASHCAT | 26.94 | 5.16 | 5.22 | 5.6 |
| AMC | 23.17 | 4.46 | 5.20 | 1.3 (thin) |
| AMZN | 2.43 | 0.51 | 4.79 | 1.7 |
| ORCL | 4.51 | 0.98 | 4.60 | 0.3 (thin) |
| PLTR | 4.38 | 0.95 | 4.59 | 0.1 (thin) |
| AAPL | 2.36 | 0.52 | 4.52 | 9.7 |

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.