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 · Oct 1, 04:05 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-09-30T22:05:21.882Z · 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
—
spread bps
1.04
fills/hr
15.2
strict fills
91
marginal
0
replaces
439
capture $
0.774
inv now $
300
mkt $/hr
$2,180,507
15% clip cap
$21578
COINsession gate
capture bps
0.52
mk+10s bps
0.17
spread bps
1.06
fills/hr
57.5
strict fills
345
marginal
2
replaces
702
capture $
1.787
inv now $
-100
mkt $/hr
$25,467
15% clip cap
$66
ORCLsession gate
capture bps
-0.10
mk+10s bps
-7.12
spread bps
4.97
fills/hr
23.0
strict fills
138
marginal
1
replaces
461
capture $
-0.136
inv now $
-100
mkt $/hr
$17,800
15% clip cap
$116
AAPLsession gate
capture bps
0.77
mk+10s bps
0.78
spread bps
1.79
fills/hr
244.7
strict fills
1469
marginal
9
replaces
1540
capture $
11.279
inv now $
0
mkt $/hr
$372,750
15% clip cap
$228
SUI
capture bps
2.43
mk+10s bps
-1.09
spread bps
3.40
fills/hr
34.3
strict fills
206
marginal
0
replaces
1032
capture $
4.996
inv now $
200
mkt $/hr
$14,876
15% clip cap
$65
NEAR
capture bps
2.24
mk+10s bps
-1.76
spread bps
4.83
fills/hr
63.5
strict fills
381
marginal
2
replaces
1257
capture $
8.540
inv now $
300
mkt $/hr
$124,259
15% clip cap
$294

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 | 1.04 | 91 | 0 | 15.2 | 439 | 0.774 | 0.85 | — | 300 | $2,180,507 | $21578 |
| COIN ⏰ | 1.06 | 345 | 2 | 57.5 | 702 | 1.787 | 0.52 | 0.17 | -100 | $25,467 | $66 |
| ORCL ⏰ | 4.97 | 138 | 1 | 23.0 | 461 | -0.136 | -0.10 | -7.12 | -100 | $17,800 | $116 |
| AAPL ⏰ | 1.79 | 1469 | 9 | 244.7 | 1540 | 11.279 | 0.77 | 0.78 | 0 | $372,750 | $228 |
| SUI | 3.40 | 206 | 0 | 34.3 | 1032 | 4.996 | 2.43 | -1.09 | 200 | $14,876 | $65 |
| NEAR | 4.83 | 381 | 2 | 63.5 | 1257 | 8.540 | 2.24 | -1.76 | 300 | $124,259 | $294 |

⏰ = 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 78hyperliquid 0local 13
COIN
binance 0hyperliquid 0local 347
ORCL
binance 0hyperliquid 0local 139
AAPL
binance 0hyperliquid 0local 1478
SUI
binance 206hyperliquid 0local 0
NEAR
binance 383hyperliquid 0local 0

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

ANSEM
spread bps
66.65
ratio
20.76
trades/min
1.4 (thin)
vol1s bps
3.21
SLV
spread bps
23.27
ratio
16.26
trades/min
0.2 (thin)
vol1s bps
1.43
USO
spread bps
22.02
ratio
11.54
trades/min
0.2 (thin)
vol1s bps
1.91
QBTS
spread bps
44.55
ratio
11.41
trades/min
0.1 (thin)
vol1s bps
3.90
RGTI
spread bps
69.15
ratio
8.97
trades/min
0.1 (thin)
vol1s bps
7.71
LUNR
spread bps
34.22
ratio
8.66
trades/min
0.3 (thin)
vol1s bps
3.95
AI
spread bps
218.19
ratio
7.92
trades/min
1.2 (thin)
vol1s bps
27.53
CRWV
spread bps
5.75
ratio
7.51
trades/min
1.7 (thin)
vol1s bps
0.77
SHEIN
spread bps
20.18
ratio
7.11
trades/min
0.3 (thin)
vol1s bps
2.84
BABA
spread bps
4.63
ratio
6.16
trades/min
0.5 (thin)
vol1s bps
0.75
AMD
spread bps
3.44
ratio
5.96
trades/min
3.3
vol1s bps
0.58
BE
spread bps
8.21
ratio
5.44
trades/min
0.4 (thin)
vol1s bps
1.51

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| ANSEM | 66.65 | 3.21 | 20.76 | 1.4 (thin) |
| SLV | 23.27 | 1.43 | 16.26 | 0.2 (thin) |
| USO | 22.02 | 1.91 | 11.54 | 0.2 (thin) |
| QBTS | 44.55 | 3.90 | 11.41 | 0.1 (thin) |
| RGTI | 69.15 | 7.71 | 8.97 | 0.1 (thin) |
| LUNR | 34.22 | 3.95 | 8.66 | 0.3 (thin) |
| AI | 218.19 | 27.53 | 7.92 | 1.2 (thin) |
| CRWV | 5.75 | 0.77 | 7.51 | 1.7 (thin) |
| SHEIN | 20.18 | 2.84 | 7.11 | 0.3 (thin) |
| BABA | 4.63 | 0.75 | 6.16 | 0.5 (thin) |
| AMD | 3.44 | 0.58 | 5.96 | 3.3 |
| BE | 8.21 | 1.51 | 5.44 | 0.4 (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.