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 30, 09:25 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-09-30T03:25:36.810Z · 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
0.85
mk+10s bps
-5.42
spread bps
0.95
fills/hr
13.8
strict fills
83
marginal
0
replaces
464
capture $
0.709
inv now $
300
mkt $/hr
$2,128,588
15% clip cap
$23087
COINsession gate
capture bps
1.28
mk+10s bps
0.16
spread bps
0.52
fills/hr
63.8
strict fills
383
marginal
1
replaces
807
capture $
4.904
inv now $
200
mkt $/hr
$31,434
15% clip cap
$74
ORCLsession gate
capture bps
0.98
mk+10s bps
-5.41
spread bps
4.34
fills/hr
30.2
strict fills
181
marginal
2
replaces
534
capture $
1.766
inv now $
100
mkt $/hr
$23,419
15% clip cap
$116
AAPLsession gate
capture bps
0.63
mk+10s bps
0.71
spread bps
1.82
fills/hr
143.6
strict fills
862
marginal
6
replaces
959
capture $
5.426
inv now $
200
mkt $/hr
$377,101
15% clip cap
$394
SUI
capture bps
2.11
mk+10s bps
-6.07
spread bps
0.94
fills/hr
36.5
strict fills
219
marginal
0
replaces
1077
capture $
4.627
inv now $
100
mkt $/hr
$22,576
15% clip cap
$93
NEAR
capture bps
0.29
mk+10s bps
-2.46
spread bps
5.33
fills/hr
134.5
strict fills
807
marginal
5
replaces
1763
capture $
2.349
inv now $
0
mkt $/hr
$304,058
15% clip cap
$339

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 | 0.95 | 83 | 0 | 13.8 | 464 | 0.709 | 0.85 | -5.42 | 300 | $2,128,588 | $23087 |
| COIN ⏰ | 0.52 | 383 | 1 | 63.8 | 807 | 4.904 | 1.28 | 0.16 | 200 | $31,434 | $74 |
| ORCL ⏰ | 4.34 | 181 | 2 | 30.2 | 534 | 1.766 | 0.98 | -5.41 | 100 | $23,419 | $116 |
| AAPL ⏰ | 1.82 | 862 | 6 | 143.6 | 959 | 5.426 | 0.63 | 0.71 | 200 | $377,101 | $394 |
| SUI | 0.94 | 219 | 0 | 36.5 | 1077 | 4.627 | 2.11 | -6.07 | 100 | $22,576 | $93 |
| NEAR | 5.33 | 807 | 5 | 134.5 | 1763 | 2.349 | 0.29 | -2.46 | 0 | $304,058 | $339 |

⏰ = 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 73hyperliquid 0local 10
COIN
binance 0hyperliquid 0local 384
ORCL
binance 0hyperliquid 0local 183
AAPL
binance 0hyperliquid 0local 868
SUI
binance 218hyperliquid 1local 0
NEAR
binance 808hyperliquid 4local 0

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

SGOV
spread bps
10.94
ratio
74.86
trades/min
0.0 (thin)
vol1s bps
0.15
AMD
spread bps
5.10
ratio
7.93
trades/min
2.8
vol1s bps
0.64
MSFT
spread bps
3.53
ratio
6.89
trades/min
4.2
vol1s bps
0.51
BE
spread bps
6.15
ratio
6.88
trades/min
0.2 (thin)
vol1s bps
0.89
ANSEM
spread bps
63.34
ratio
6.73
trades/min
0.2 (thin)
vol1s bps
9.41
USO
spread bps
8.31
ratio
6.16
trades/min
0.3 (thin)
vol1s bps
1.35
TSM
spread bps
3.96
ratio
5.57
trades/min
1.7
vol1s bps
0.71
AI
spread bps
72.74
ratio
5.34
trades/min
1.3 (thin)
vol1s bps
13.62
AMC
spread bps
23.42
ratio
5.17
trades/min
0.4 (thin)
vol1s bps
4.53
CRCL
spread bps
4.53
ratio
5.11
trades/min
3.1
vol1s bps
0.89
IREN
spread bps
7.93
ratio
5.11
trades/min
0.1 (thin)
vol1s bps
1.55
AMZN
spread bps
2.02
ratio
4.97
trades/min
4.7
vol1s bps
0.41

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SGOV | 10.94 | 0.15 | 74.86 | 0.0 (thin) |
| AMD | 5.10 | 0.64 | 7.93 | 2.8 |
| MSFT | 3.53 | 0.51 | 6.89 | 4.2 |
| BE | 6.15 | 0.89 | 6.88 | 0.2 (thin) |
| ANSEM | 63.34 | 9.41 | 6.73 | 0.2 (thin) |
| USO | 8.31 | 1.35 | 6.16 | 0.3 (thin) |
| TSM | 3.96 | 0.71 | 5.57 | 1.7 |
| AI | 72.74 | 13.62 | 5.34 | 1.3 (thin) |
| AMC | 23.42 | 4.53 | 5.17 | 0.4 (thin) |
| CRCL | 4.53 | 0.89 | 5.11 | 3.1 |
| IREN | 7.93 | 1.55 | 5.11 | 0.1 (thin) |
| AMZN | 2.02 | 0.41 | 4.97 | 4.7 |

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.