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, 14:45 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-09-29T08:45:04.023Z · 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
0.56
mk+10s bps
-0.25
spread bps
0.76
fills/hr
66.1
strict fills
397
marginal
0
replaces
932
capture $
2.212
inv now $
300
mkt $/hr
$5,258,985
15% clip cap
$11933
COINsession gate
capture bps
-0.06
mk+10s bps
-0.94
spread bps
1.52
fills/hr
62.4
strict fills
375
marginal
2
replaces
766
capture $
-0.220
inv now $
0
mkt $/hr
$23,646
15% clip cap
$57
ORCLsession gate
capture bps
-0.61
mk+10s bps
-0.23
spread bps
3.76
fills/hr
13.5
strict fills
81
marginal
0
replaces
385
capture $
-0.497
inv now $
0
mkt $/hr
$18,261
15% clip cap
$203
AAPLsession gate
capture bps
0.63
mk+10s bps
0.40
spread bps
1.78
fills/hr
141.4
strict fills
849
marginal
1
replaces
977
capture $
5.384
inv now $
0
mkt $/hr
$185,645
15% clip cap
$197
SUI
capture bps
2.32
mk+10s bps
-0.89
spread bps
5.13
fills/hr
61.1
strict fills
367
marginal
1
replaces
1423
capture $
8.521
inv now $
0
mkt $/hr
$33,824
15% clip cap
$83
NEAR
capture bps
0.34
mk+10s bps
-1.56
spread bps
1.80
fills/hr
180.2
strict fills
1082
marginal
2
replaces
2251
capture $
3.642
inv now $
200
mkt $/hr
$209,465
15% clip cap
$174

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 | 0.76 | 397 | 0 | 66.1 | 932 | 2.212 | 0.56 | -0.25 | 300 | $5,258,985 | $11933 |
| COIN ⏰ | 1.52 | 375 | 2 | 62.4 | 766 | -0.220 | -0.06 | -0.94 | 0 | $23,646 | $57 |
| ORCL ⏰ | 3.76 | 81 | 0 | 13.5 | 385 | -0.497 | -0.61 | -0.23 | 0 | $18,261 | $203 |
| AAPL ⏰ | 1.78 | 849 | 1 | 141.4 | 977 | 5.384 | 0.63 | 0.40 | 0 | $185,645 | $197 |
| SUI | 5.13 | 367 | 1 | 61.1 | 1423 | 8.521 | 2.32 | -0.89 | 0 | $33,824 | $83 |
| NEAR | 1.80 | 1082 | 2 | 180.2 | 2251 | 3.642 | 0.34 | -1.56 | 200 | $209,465 | $174 |

⏰ = 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 391hyperliquid 0local 6
COIN
binance 0hyperliquid 0local 377
ORCL
binance 0hyperliquid 0local 81
AAPL
binance 0hyperliquid 0local 850
SUI
binance 368hyperliquid 0local 0
NEAR
binance 1084hyperliquid 0local 0

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

WULF
spread bps
53.22
ratio
105.95
trades/min
0.1 (thin)
vol1s bps
0.50
LUNR
spread bps
51.17
ratio
25.78
trades/min
0.1 (thin)
vol1s bps
1.98
ANSEM
spread bps
290.37
ratio
16.17
trades/min
0.3 (thin)
vol1s bps
17.96
USAR
spread bps
14.39
ratio
16.16
trades/min
0.1 (thin)
vol1s bps
0.89
USO
spread bps
14.05
ratio
11.18
trades/min
0.3 (thin)
vol1s bps
1.26
BABA
spread bps
5.52
ratio
9.35
trades/min
2.2
vol1s bps
0.59
CASHCAT
spread bps
24.66
ratio
7.68
trades/min
3.0
vol1s bps
3.21
IREN
spread bps
12.26
ratio
7.43
trades/min
0.2 (thin)
vol1s bps
1.65
AI
spread bps
210.54
ratio
6.59
trades/min
0.2 (thin)
vol1s bps
31.95
AMD
spread bps
4.40
ratio
6.47
trades/min
7.8
vol1s bps
0.68
TSM
spread bps
4.65
ratio
5.72
trades/min
2.4
vol1s bps
0.81
ORCL
spread bps
4.50
ratio
5.71
trades/min
0.6 (thin)
vol1s bps
0.79

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 53.22 | 0.50 | 105.95 | 0.1 (thin) |
| LUNR | 51.17 | 1.98 | 25.78 | 0.1 (thin) |
| ANSEM | 290.37 | 17.96 | 16.17 | 0.3 (thin) |
| USAR | 14.39 | 0.89 | 16.16 | 0.1 (thin) |
| USO | 14.05 | 1.26 | 11.18 | 0.3 (thin) |
| BABA | 5.52 | 0.59 | 9.35 | 2.2 |
| CASHCAT | 24.66 | 3.21 | 7.68 | 3.0 |
| IREN | 12.26 | 1.65 | 7.43 | 0.2 (thin) |
| AI | 210.54 | 31.95 | 6.59 | 0.2 (thin) |
| AMD | 4.40 | 0.68 | 6.47 | 7.8 |
| TSM | 4.65 | 0.81 | 5.72 | 2.4 |
| ORCL | 4.50 | 0.79 | 5.71 | 0.6 (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.