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 2, 04:59 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-01T22:58:47.235Z · 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
1.74
mk+10s bps
-0.07
spread bps
0.82
fills/hr
97.4
strict fills
585
marginal
0
replaces
1031
capture $
10.150
inv now $
300
mkt $/hr
$3,010,892
15% clip cap
$4635
COINsession gate
capture bps
1.50
mk+10s bps
-0.06
spread bps
3.09
fills/hr
86.8
strict fills
521
marginal
5
replaces
1039
capture $
7.832
inv now $
0
mkt $/hr
$26,598
15% clip cap
$46
ORCLsession gate
capture bps
-0.59
mk+10s bps
-2.63
spread bps
3.59
fills/hr
7.7
strict fills
46
marginal
0
replaces
366
capture $
-0.273
inv now $
200
mkt $/hr
$10,723
15% clip cap
$210
AAPLsession gate
capture bps
0.71
mk+10s bps
0.69
spread bps
1.51
fills/hr
256.0
strict fills
1537
marginal
5
replaces
1633
capture $
10.957
inv now $
0
mkt $/hr
$365,917
15% clip cap
$214
SUI
capture bps
4.41
mk+10s bps
-0.78
spread bps
7.29
fills/hr
43.0
strict fills
258
marginal
0
replaces
1076
capture $
11.368
inv now $
-200
mkt $/hr
$30,135
15% clip cap
$105
NEAR
capture bps
1.86
mk+10s bps
-3.78
spread bps
2.98
fills/hr
98.9
strict fills
594
marginal
3
replaces
1486
capture $
11.043
inv now $
100
mkt $/hr
$174,948
15% clip cap
$265

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 | 0.82 | 585 | 0 | 97.4 | 1031 | 10.150 | 1.74 | -0.07 | 300 | $3,010,892 | $4635 |
| COIN ⏰ | 3.09 | 521 | 5 | 86.8 | 1039 | 7.832 | 1.50 | -0.06 | 0 | $26,598 | $46 |
| ORCL ⏰ | 3.59 | 46 | 0 | 7.7 | 366 | -0.273 | -0.59 | -2.63 | 200 | $10,723 | $210 |
| AAPL ⏰ | 1.51 | 1537 | 5 | 256.0 | 1633 | 10.957 | 0.71 | 0.69 | 0 | $365,917 | $214 |
| SUI | 7.29 | 258 | 0 | 43.0 | 1076 | 11.368 | 4.41 | -0.78 | -200 | $30,135 | $105 |
| NEAR | 2.98 | 594 | 3 | 98.9 | 1486 | 11.043 | 1.86 | -3.78 | 100 | $174,948 | $265 |

⏰ = 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 575hyperliquid 0local 10
COIN
binance 0hyperliquid 0local 526
ORCL
binance 0hyperliquid 0local 46
AAPL
binance 0hyperliquid 0local 1542
SUI
binance 258hyperliquid 0local 0
NEAR
binance 597hyperliquid 0local 0

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

LUNR
spread bps
77.54
ratio
20.35
trades/min
0.2 (thin)
vol1s bps
3.81
QBTS
spread bps
47.67
ratio
14.22
trades/min
0.1 (thin)
vol1s bps
3.35
USO
spread bps
24.73
ratio
13.04
trades/min
0.3 (thin)
vol1s bps
1.90
META
spread bps
2.61
ratio
11.71
trades/min
6.2
vol1s bps
0.22
WULF
spread bps
41.54
ratio
10.92
trades/min
0.1 (thin)
vol1s bps
3.80
SGOV
spread bps
1.99
ratio
9.97
trades/min
0.6 (thin)
vol1s bps
0.20
RGTI
spread bps
60.84
ratio
9.62
trades/min
0.1 (thin)
vol1s bps
6.33
CRCL
spread bps
2.88
ratio
8.08
trades/min
6.0
vol1s bps
0.36
SOFI
spread bps
9.46
ratio
5.31
trades/min
0.0 (thin)
vol1s bps
1.78
SHEIN
spread bps
44.00
ratio
5.31
trades/min
0.1 (thin)
vol1s bps
8.28
CLSK
spread bps
40.64
ratio
5.26
trades/min
0.0 (thin)
vol1s bps
7.72
TSM
spread bps
2.61
ratio
5.17
trades/min
0.6 (thin)
vol1s bps
0.51

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 77.54 | 3.81 | 20.35 | 0.2 (thin) |
| QBTS | 47.67 | 3.35 | 14.22 | 0.1 (thin) |
| USO | 24.73 | 1.90 | 13.04 | 0.3 (thin) |
| META | 2.61 | 0.22 | 11.71 | 6.2 |
| WULF | 41.54 | 3.80 | 10.92 | 0.1 (thin) |
| SGOV | 1.99 | 0.20 | 9.97 | 0.6 (thin) |
| RGTI | 60.84 | 6.33 | 9.62 | 0.1 (thin) |
| CRCL | 2.88 | 0.36 | 8.08 | 6.0 |
| SOFI | 9.46 | 1.78 | 5.31 | 0.0 (thin) |
| SHEIN | 44.00 | 8.28 | 5.31 | 0.1 (thin) |
| CLSK | 40.64 | 7.72 | 5.26 | 0.0 (thin) |
| TSM | 2.61 | 0.51 | 5.17 | 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.