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, 16:32 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-01T10:32:13.031Z · 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
0.22
mk+10s bps
-3.23
spread bps
0.53
fills/hr
174.8
strict fills
1049
marginal
0
replaces
1786
capture $
2.270
inv now $
300
mkt $/hr
$6,608,408
15% clip cap
$5671
COINsession gate
capture bps
1.04
mk+10s bps
-1.59
spread bps
4.81
fills/hr
31.0
strict fills
186
marginal
5
replaces
360
capture $
1.925
inv now $
0
mkt $/hr
$15,699
15% clip cap
$76
ORCLsession gate
capture bps
5.95
mk+10s bps
-8.56
spread bps
4.31
fills/hr
8.8
strict fills
53
marginal
1
replaces
273
capture $
3.156
inv now $
0
mkt $/hr
$7,789
15% clip cap
$132
AAPLsession gate
capture bps
0.77
mk+10s bps
0.17
spread bps
2.41
fills/hr
149.1
strict fills
895
marginal
8
replaces
1080
capture $
6.905
inv now $
0
mkt $/hr
$194,985
15% clip cap
$196
SUI
capture bps
0.80
mk+10s bps
-2.17
spread bps
5.50
fills/hr
56.8
strict fills
341
marginal
0
replaces
1673
capture $
2.723
inv now $
300
mkt $/hr
$28,964
15% clip cap
$76
NEAR
capture bps
-0.31
mk+10s bps
-2.51
spread bps
5.91
fills/hr
227.1
strict fills
1363
marginal
8
replaces
2817
capture $
-4.180
inv now $
100
mkt $/hr
$541,501
15% clip cap
$358

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 | 0.53 | 1049 | 0 | 174.8 | 1786 | 2.270 | 0.22 | -3.23 | 300 | $6,608,408 | $5671 |
| COIN ⏰ | 4.81 | 186 | 5 | 31.0 | 360 | 1.925 | 1.04 | -1.59 | 0 | $15,699 | $76 |
| ORCL ⏰ | 4.31 | 53 | 1 | 8.8 | 273 | 3.156 | 5.95 | -8.56 | 0 | $7,789 | $132 |
| AAPL ⏰ | 2.41 | 895 | 8 | 149.1 | 1080 | 6.905 | 0.77 | 0.17 | 0 | $194,985 | $196 |
| SUI | 5.50 | 341 | 0 | 56.8 | 1673 | 2.723 | 0.80 | -2.17 | 300 | $28,964 | $76 |
| NEAR | 5.91 | 1363 | 8 | 227.1 | 2817 | -4.180 | -0.31 | -2.51 | 100 | $541,501 | $358 |

⏰ = 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 1036hyperliquid 0local 13
COIN
binance 0hyperliquid 0local 191
ORCL
binance 0hyperliquid 0local 54
AAPL
binance 0hyperliquid 0local 903
SUI
binance 341hyperliquid 0local 0
NEAR
binance 1371hyperliquid 0local 0

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

WULF
spread bps
203.35
ratio
181.31
trades/min
0.2 (thin)
vol1s bps
1.12
LUNR
spread bps
64.60
ratio
20.90
trades/min
0.1 (thin)
vol1s bps
3.09
QBTS
spread bps
59.83
ratio
13.64
trades/min
0.1 (thin)
vol1s bps
4.39
SOFI
spread bps
19.07
ratio
11.35
trades/min
0.0 (thin)
vol1s bps
1.68
BABA
spread bps
5.56
ratio
11.01
trades/min
0.2 (thin)
vol1s bps
0.51
RGTI
spread bps
67.12
ratio
7.98
trades/min
0.1 (thin)
vol1s bps
8.41
PLTR
spread bps
6.78
ratio
7.87
trades/min
0.9 (thin)
vol1s bps
0.86
CRWV
spread bps
7.90
ratio
7.65
trades/min
5.6
vol1s bps
1.03
TSM
spread bps
5.01
ratio
7.34
trades/min
1.5 (thin)
vol1s bps
0.68
SGOV
spread bps
3.98
ratio
6.99
trades/min
0.5 (thin)
vol1s bps
0.57
USO
spread bps
14.23
ratio
6.61
trades/min
0.5 (thin)
vol1s bps
2.15
SMCI
spread bps
21.51
ratio
5.02
trades/min
0.1 (thin)
vol1s bps
4.29

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 203.35 | 1.12 | 181.31 | 0.2 (thin) |
| LUNR | 64.60 | 3.09 | 20.90 | 0.1 (thin) |
| QBTS | 59.83 | 4.39 | 13.64 | 0.1 (thin) |
| SOFI | 19.07 | 1.68 | 11.35 | 0.0 (thin) |
| BABA | 5.56 | 0.51 | 11.01 | 0.2 (thin) |
| RGTI | 67.12 | 8.41 | 7.98 | 0.1 (thin) |
| PLTR | 6.78 | 0.86 | 7.87 | 0.9 (thin) |
| CRWV | 7.90 | 1.03 | 7.65 | 5.6 |
| TSM | 5.01 | 0.68 | 7.34 | 1.5 (thin) |
| SGOV | 3.98 | 0.57 | 6.99 | 0.5 (thin) |
| USO | 14.23 | 2.15 | 6.61 | 0.5 (thin) |
| SMCI | 21.51 | 4.29 | 5.02 | 0.1 (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.