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, 22:45 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-01T16:45:16.528Z · 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
0.48
mk+10s bps
0.80
spread bps
0.92
fills/hr
33.1
strict fills
199
marginal
0
replaces
677
capture $
0.949
inv now $
300
mkt $/hr
$3,956,061
15% clip cap
$17908
COINsession gate
capture bps
1.04
mk+10s bps
-0.36
spread bps
3.16
fills/hr
20.8
strict fills
125
marginal
3
replaces
202
capture $
1.305
inv now $
0
mkt $/hr
$7,950
15% clip cap
$57
ORCLsession gate
capture bps
3.90
mk+10s bps
-6.22
spread bps
4.33
fills/hr
7.2
strict fills
43
marginal
0
replaces
94
capture $
1.676
inv now $
-100
mkt $/hr
$12,095
15% clip cap
$253
AAPLsession gate
capture bps
0.65
mk+10s bps
0.65
spread bps
1.21
fills/hr
24.3
strict fills
146
marginal
1
replaces
153
capture $
0.942
inv now $
100
mkt $/hr
$98,330
15% clip cap
$607
SUI
capture bps
3.25
mk+10s bps
-3.71
spread bps
5.20
fills/hr
50.8
strict fills
305
marginal
0
replaces
1601
capture $
9.899
inv now $
-100
mkt $/hr
$18,729
15% clip cap
$55
NEAR
capture bps
-1.27
mk+10s bps
-0.94
spread bps
3.15
fills/hr
136.9
strict fills
822
marginal
10
replaces
2196
capture $
-10.468
inv now $
200
mkt $/hr
$221,589
15% clip cap
$243

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 | 0.92 | 199 | 0 | 33.1 | 677 | 0.949 | 0.48 | 0.80 | 300 | $3,956,061 | $17908 |
| COIN ⏰ | 3.16 | 125 | 3 | 20.8 | 202 | 1.305 | 1.04 | -0.36 | 0 | $7,950 | $57 |
| ORCL ⏰ | 4.33 | 43 | 0 | 7.2 | 94 | 1.676 | 3.90 | -6.22 | -100 | $12,095 | $253 |
| AAPL ⏰ | 1.21 | 146 | 1 | 24.3 | 153 | 0.942 | 0.65 | 0.65 | 100 | $98,330 | $607 |
| SUI | 5.20 | 305 | 0 | 50.8 | 1601 | 9.899 | 3.25 | -3.71 | -100 | $18,729 | $55 |
| NEAR | 3.15 | 822 | 10 | 136.9 | 2196 | -10.468 | -1.27 | -0.94 | 200 | $221,589 | $243 |

⏰ = 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 184hyperliquid 0local 15
COIN
binance 0hyperliquid 0local 128
ORCL
binance 0hyperliquid 0local 43
AAPL
binance 0hyperliquid 0local 147
SUI
binance 305hyperliquid 0local 0
NEAR
binance 832hyperliquid 0local 0

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

SGOV
spread bps
3.98
ratio
21.27
trades/min
1.1 (thin)
vol1s bps
0.19
LUNR
spread bps
75.39
ratio
18.54
trades/min
0.6 (thin)
vol1s bps
4.07
QBTS
spread bps
59.51
ratio
14.64
trades/min
0.1 (thin)
vol1s bps
4.06
SOFI
spread bps
22.20
ratio
12.73
trades/min
0.0 (thin)
vol1s bps
1.74
RGTI
spread bps
69.53
ratio
10.60
trades/min
0.1 (thin)
vol1s bps
6.56
WULF
spread bps
19.77
ratio
5.81
trades/min
0.1 (thin)
vol1s bps
3.40
BABA
spread bps
2.80
ratio
5.03
trades/min
2.9
vol1s bps
0.56
SLV
spread bps
3.11
ratio
4.17
trades/min
1.4 (thin)
vol1s bps
0.75
USO
spread bps
9.48
ratio
4.14
trades/min
1.0 (thin)
vol1s bps
2.29
MSFT
spread bps
3.50
ratio
3.80
trades/min
6.2
vol1s bps
0.92
CLSK
spread bps
30.38
ratio
3.79
trades/min
0.0 (thin)
vol1s bps
8.02
AMD
spread bps
4.74
ratio
3.72
trades/min
5.9
vol1s bps
1.27

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SGOV | 3.98 | 0.19 | 21.27 | 1.1 (thin) |
| LUNR | 75.39 | 4.07 | 18.54 | 0.6 (thin) |
| QBTS | 59.51 | 4.06 | 14.64 | 0.1 (thin) |
| SOFI | 22.20 | 1.74 | 12.73 | 0.0 (thin) |
| RGTI | 69.53 | 6.56 | 10.60 | 0.1 (thin) |
| WULF | 19.77 | 3.40 | 5.81 | 0.1 (thin) |
| BABA | 2.80 | 0.56 | 5.03 | 2.9 |
| SLV | 3.11 | 0.75 | 4.17 | 1.4 (thin) |
| USO | 9.48 | 2.29 | 4.14 | 1.0 (thin) |
| MSFT | 3.50 | 0.92 | 3.80 | 6.2 |
| CLSK | 30.38 | 8.02 | 3.79 | 0.0 (thin) |
| AMD | 4.74 | 1.27 | 3.72 | 5.9 |

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.