Hyperider

Quoting study · Oct 1, 10:19 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-01T04:19:01.022Z · 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
    0.71
    mk+10s bps
    -0.08
    spread bps
    1.51
    fills/hr
    67.2
    strict fills
    403
    marginal
    0
    replaces
    833
    capture $
    2.868
    inv now $
    300
    mkt $/hr
    $4,379,492
    15% clip cap
    $9781
  • COINsession gate
    capture bps
    1.23
    mk+10s bps
    -0.18
    spread bps
    1.60
    fills/hr
    83.2
    strict fills
    499
    marginal
    5
    replaces
    991
    capture $
    6.133
    inv now $
    200
    mkt $/hr
    $28,756
    15% clip cap
    $52
  • ORCLsession gate
    capture bps
    -7.55
    mk+10s bps
    -8.51
    spread bps
    4.29
    fills/hr
    10.2
    strict fills
    61
    marginal
    0
    replaces
    561
    capture $
    -4.604
    inv now $
    -300
    mkt $/hr
    $10,019
    15% clip cap
    $148
  • AAPLsession gate
    capture bps
    0.72
    mk+10s bps
    0.45
    spread bps
    1.80
    fills/hr
    158.3
    strict fills
    950
    marginal
    3
    replaces
    1110
    capture $
    6.811
    inv now $
    100
    mkt $/hr
    $291,304
    15% clip cap
    $276
  • SUI
    capture bps
    1.28
    mk+10s bps
    -2.61
    spread bps
    7.14
    fills/hr
    22.8
    strict fills
    137
    marginal
    0
    replaces
    954
    capture $
    1.757
    inv now $
    300
    mkt $/hr
    $28,576
    15% clip cap
    $188
  • NEAR
    capture bps
    0.61
    mk+10s bps
    -3.05
    spread bps
    4.31
    fills/hr
    94.0
    strict fills
    564
    marginal
    1
    replaces
    1443
    capture $
    3.430
    inv now $
    300
    mkt $/hr
    $278,715
    15% clip cap
    $445
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 | 1.51 | 403 | 0 | 67.2 | 833 | 2.868 | 0.71 | -0.08 | 300 | $4,379,492 | $9781 |
| COIN ⏰ | 1.60 | 499 | 5 | 83.2 | 991 | 6.133 | 1.23 | -0.18 | 200 | $28,756 | $52 |
| ORCL ⏰ | 4.29 | 61 | 0 | 10.2 | 561 | -4.604 | -7.55 | -8.51 | -300 | $10,019 | $148 |
| AAPL ⏰ | 1.80 | 950 | 3 | 158.3 | 1110 | 6.811 | 0.72 | 0.45 | 100 | $291,304 | $276 |
| SUI | 7.14 | 137 | 0 | 22.8 | 954 | 1.757 | 1.28 | -2.61 | 300 | $28,576 | $188 |
| NEAR | 4.31 | 564 | 1 | 94.0 | 1443 | 3.430 | 0.61 | -3.05 | 300 | $278,715 | $445 |

⏰ = 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 396hyperliquid 0local 7
  • COIN
    binance 0hyperliquid 0local 504
  • ORCL
    binance 0hyperliquid 0local 61
  • AAPL
    binance 0hyperliquid 0local 953
  • SUI
    binance 137hyperliquid 0local 0
  • NEAR
    binance 565hyperliquid 0local 0

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

  • WULF
    spread bps
    136.42
    ratio
    761.37
    trades/min
    0.1 (thin)
    vol1s bps
    0.18
  • ANSEM
    spread bps
    96.98
    ratio
    29.56
    trades/min
    0.3 (thin)
    vol1s bps
    3.28
  • QBTS
    spread bps
    60.30
    ratio
    13.67
    trades/min
    0.1 (thin)
    vol1s bps
    4.41
  • SOFI
    spread bps
    20.21
    ratio
    11.83
    trades/min
    0.0 (thin)
    vol1s bps
    1.71
  • LUNR
    spread bps
    46.73
    ratio
    11.28
    trades/min
    0.3 (thin)
    vol1s bps
    4.14
  • RGTI
    spread bps
    69.79
    ratio
    9.06
    trades/min
    0.1 (thin)
    vol1s bps
    7.70
  • SLV
    spread bps
    4.71
    ratio
    8.86
    trades/min
    0.6 (thin)
    vol1s bps
    0.53
  • PLTR
    spread bps
    5.75
    ratio
    8.71
    trades/min
    0.2 (thin)
    vol1s bps
    0.66
  • TSM
    spread bps
    3.05
    ratio
    8.41
    trades/min
    0.7 (thin)
    vol1s bps
    0.36
  • SHEIN
    spread bps
    40.95
    ratio
    7.88
    trades/min
    0.2 (thin)
    vol1s bps
    5.19
  • USO
    spread bps
    9.75
    ratio
    7.62
    trades/min
    0.4 (thin)
    vol1s bps
    1.28
  • AMZN
    spread bps
    3.18
    ratio
    6.61
    trades/min
    7.2
    vol1s bps
    0.48
raw table
| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 136.42 | 0.18 | 761.37 | 0.1 (thin) |
| ANSEM | 96.98 | 3.28 | 29.56 | 0.3 (thin) |
| QBTS | 60.30 | 4.41 | 13.67 | 0.1 (thin) |
| SOFI | 20.21 | 1.71 | 11.83 | 0.0 (thin) |
| LUNR | 46.73 | 4.14 | 11.28 | 0.3 (thin) |
| RGTI | 69.79 | 7.70 | 9.06 | 0.1 (thin) |
| SLV | 4.71 | 0.53 | 8.86 | 0.6 (thin) |
| PLTR | 5.75 | 0.66 | 8.71 | 0.2 (thin) |
| TSM | 3.05 | 0.36 | 8.41 | 0.7 (thin) |
| SHEIN | 40.95 | 5.19 | 7.88 | 0.2 (thin) |
| USO | 9.75 | 1.28 | 7.62 | 0.4 (thin) |
| AMZN | 3.18 | 0.48 | 6.61 | 7.2 |

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.

Quoting study · Oct 1, 10:19 UTC · Hyperider fleet report