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, 21:52 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-09-30T15:51:59.349Z · 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
-0.20
mk+10s bps
-0.59
spread bps
1.47
fills/hr
37.8
strict fills
227
marginal
0
replaces
719
capture $
-0.448
inv now $
300
mkt $/hr
$4,297,845
15% clip cap
$17049
COINsession gate
capture bps
1.29
mk+10s bps
1.72
spread bps
3.21
fills/hr
11.5
strict fills
69
marginal
0
replaces
99
capture $
0.893
inv now $
-300
mkt $/hr
$8,009
15% clip cap
$105
ORCLsession gate
capture bps
3.24
mk+10s bps
-4.59
spread bps
3.65
fills/hr
5.2
strict fills
31
marginal
1
replaces
64
capture $
1.003
inv now $
200
mkt $/hr
$7,242
15% clip cap
$210
AAPLsession gate
capture bps
0.78
mk+10s bps
0.56
spread bps
1.50
fills/hr
13.2
strict fills
79
marginal
0
replaces
87
capture $
0.620
inv now $
100
mkt $/hr
$74,304
15% clip cap
$847
SUI
capture bps
-3.89
mk+10s bps
-2.74
spread bps
4.85
fills/hr
49.1
strict fills
295
marginal
0
replaces
1665
capture $
-11.476
inv now $
300
mkt $/hr
$12,532
15% clip cap
$38
NEAR
capture bps
-1.10
mk+10s bps
-2.74
spread bps
4.36
fills/hr
149.8
strict fills
899
marginal
10
replaces
2469
capture $
-9.895
inv now $
300
mkt $/hr
$179,954
15% clip cap
$180

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 | 1.47 | 227 | 0 | 37.8 | 719 | -0.448 | -0.20 | -0.59 | 300 | $4,297,845 | $17049 |
| COIN ⏰ | 3.21 | 69 | 0 | 11.5 | 99 | 0.893 | 1.29 | 1.72 | -300 | $8,009 | $105 |
| ORCL ⏰ | 3.65 | 31 | 1 | 5.2 | 64 | 1.003 | 3.24 | -4.59 | 200 | $7,242 | $210 |
| AAPL ⏰ | 1.50 | 79 | 0 | 13.2 | 87 | 0.620 | 0.78 | 0.56 | 100 | $74,304 | $847 |
| SUI | 4.85 | 295 | 0 | 49.1 | 1665 | -11.476 | -3.89 | -2.74 | 300 | $12,532 | $38 |
| NEAR | 4.36 | 899 | 10 | 149.8 | 2469 | -9.895 | -1.10 | -2.74 | 300 | $179,954 | $180 |

⏰ = 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 224hyperliquid 0local 3
COIN
binance 0hyperliquid 0local 69
ORCL
binance 0hyperliquid 0local 32
AAPL
binance 0hyperliquid 0local 79
SUI
binance 295hyperliquid 0local 0
NEAR
binance 909hyperliquid 0local 0

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

QBTS
spread bps
48.86
ratio
11.72
trades/min
0.1 (thin)
vol1s bps
4.17
LUNR
spread bps
52.09
ratio
11.48
trades/min
0.3 (thin)
vol1s bps
4.54
AI
spread bps
73.62
ratio
8.58
trades/min
1.5 (thin)
vol1s bps
8.58
SOFI
spread bps
15.08
ratio
8.12
trades/min
0.1 (thin)
vol1s bps
1.86
RGTI
spread bps
53.99
ratio
6.76
trades/min
0.1 (thin)
vol1s bps
7.99
SHEIN
spread bps
32.60
ratio
6.14
trades/min
0.6 (thin)
vol1s bps
5.31
ANSEM
spread bps
89.25
ratio
5.87
trades/min
0.4 (thin)
vol1s bps
15.20
TSM
spread bps
4.33
ratio
4.46
trades/min
3.9
vol1s bps
0.97
AMC
spread bps
18.90
ratio
4.29
trades/min
0.9 (thin)
vol1s bps
4.40
MSFT
spread bps
3.27
ratio
4.06
trades/min
3.0
vol1s bps
0.81
AMZN
spread bps
3.18
ratio
3.81
trades/min
4.0
vol1s bps
0.83
USO
spread bps
8.15
ratio
3.60
trades/min
0.6 (thin)
vol1s bps
2.27

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| QBTS | 48.86 | 4.17 | 11.72 | 0.1 (thin) |
| LUNR | 52.09 | 4.54 | 11.48 | 0.3 (thin) |
| AI | 73.62 | 8.58 | 8.58 | 1.5 (thin) |
| SOFI | 15.08 | 1.86 | 8.12 | 0.1 (thin) |
| RGTI | 53.99 | 7.99 | 6.76 | 0.1 (thin) |
| SHEIN | 32.60 | 5.31 | 6.14 | 0.6 (thin) |
| ANSEM | 89.25 | 15.20 | 5.87 | 0.4 (thin) |
| TSM | 4.33 | 0.97 | 4.46 | 3.9 |
| AMC | 18.90 | 4.40 | 4.29 | 0.9 (thin) |
| MSFT | 3.27 | 0.81 | 4.06 | 3.0 |
| AMZN | 3.18 | 0.83 | 3.81 | 4.0 |
| USO | 8.15 | 2.27 | 3.60 | 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.