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, 17:27 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-02T11:27:29.440Z · 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
-0.02
mk+10s bps
-0.54
spread bps
1.26
fills/hr
262.7
strict fills
1577
marginal
0
replaces
2398
capture $
-0.241
inv now $
300
mkt $/hr
$6,904,103
15% clip cap
$3942
COINsession gate
capture bps
-0.96
mk+10s bps
-2.91
spread bps
3.06
fills/hr
37.6
strict fills
226
marginal
1
replaces
375
capture $
-2.180
inv now $
0
mkt $/hr
$9,550
15% clip cap
$38
ORCLsession gate
capture bps
3.77
mk+10s bps
-4.64
spread bps
4.24
fills/hr
9.7
strict fills
58
marginal
0
replaces
186
capture $
2.188
inv now $
0
mkt $/hr
$16,803
15% clip cap
$261
AAPLsession gate
capture bps
0.75
mk+10s bps
0.39
spread bps
1.80
fills/hr
108.1
strict fills
649
marginal
7
replaces
736
capture $
4.856
inv now $
0
mkt $/hr
$216,960
15% clip cap
$301
SUI
capture bps
0.13
mk+10s bps
-1.61
spread bps
1.29
fills/hr
71.5
strict fills
429
marginal
0
replaces
1800
capture $
0.537
inv now $
300
mkt $/hr
$20,270
15% clip cap
$43
NEAR
capture bps
-0.28
mk+10s bps
-1.63
spread bps
4.75
fills/hr
142.1
strict fills
853
marginal
1
replaces
2325
capture $
-2.405
inv now $
0
mkt $/hr
$168,767
15% clip cap
$178

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 | 1.26 | 1577 | 0 | 262.7 | 2398 | -0.241 | -0.02 | -0.54 | 300 | $6,904,103 | $3942 |
| COIN ⏰ | 3.06 | 226 | 1 | 37.6 | 375 | -2.180 | -0.96 | -2.91 | 0 | $9,550 | $38 |
| ORCL ⏰ | 4.24 | 58 | 0 | 9.7 | 186 | 2.188 | 3.77 | -4.64 | 0 | $16,803 | $261 |
| AAPL ⏰ | 1.80 | 649 | 7 | 108.1 | 736 | 4.856 | 0.75 | 0.39 | 0 | $216,960 | $301 |
| SUI | 1.29 | 429 | 0 | 71.5 | 1800 | 0.537 | 0.13 | -1.61 | 300 | $20,270 | $43 |
| NEAR | 4.75 | 853 | 1 | 142.1 | 2325 | -2.405 | -0.28 | -1.63 | 0 | $168,767 | $178 |

⏰ = 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 1573hyperliquid 0local 4
COIN
binance 0hyperliquid 0local 227
ORCL
binance 0hyperliquid 0local 58
AAPL
binance 0hyperliquid 0local 656
SUI
binance 429hyperliquid 0local 0
NEAR
binance 854hyperliquid 0local 0

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

IREN
spread bps
12.78
ratio
19.36
trades/min
0.3 (thin)
vol1s bps
0.66
SMCI
spread bps
10.61
ratio
17.00
trades/min
0.1 (thin)
vol1s bps
0.62
LUNR
spread bps
75.05
ratio
16.86
trades/min
0.1 (thin)
vol1s bps
4.45
SHEIN
spread bps
25.82
ratio
11.34
trades/min
0.1 (thin)
vol1s bps
2.28
TSM
spread bps
3.89
ratio
7.17
trades/min
1.3 (thin)
vol1s bps
0.54
USO
spread bps
12.51
ratio
6.48
trades/min
0.6 (thin)
vol1s bps
1.93
ORCL
spread bps
4.28
ratio
5.98
trades/min
11.6
vol1s bps
0.72
CRWV
spread bps
6.69
ratio
5.46
trades/min
0.2 (thin)
vol1s bps
1.22
GOOGL
spread bps
2.35
ratio
4.31
trades/min
12.8
vol1s bps
0.55
PLTR
spread bps
3.55
ratio
4.09
trades/min
0.9 (thin)
vol1s bps
0.87
BABA
spread bps
4.72
ratio
3.82
trades/min
0.7 (thin)
vol1s bps
1.23
TSLA
spread bps
3.64
ratio
3.68
trades/min
5.9
vol1s bps
0.99

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| IREN | 12.78 | 0.66 | 19.36 | 0.3 (thin) |
| SMCI | 10.61 | 0.62 | 17.00 | 0.1 (thin) |
| LUNR | 75.05 | 4.45 | 16.86 | 0.1 (thin) |
| SHEIN | 25.82 | 2.28 | 11.34 | 0.1 (thin) |
| TSM | 3.89 | 0.54 | 7.17 | 1.3 (thin) |
| USO | 12.51 | 1.93 | 6.48 | 0.6 (thin) |
| ORCL | 4.28 | 0.72 | 5.98 | 11.6 |
| CRWV | 6.69 | 1.22 | 5.46 | 0.2 (thin) |
| GOOGL | 2.35 | 0.55 | 4.31 | 12.8 |
| PLTR | 3.55 | 0.87 | 4.09 | 0.9 (thin) |
| BABA | 4.72 | 1.23 | 3.82 | 0.7 (thin) |
| TSLA | 3.64 | 0.99 | 3.68 | 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.