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 3, 12:08 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-03T06:08:18.254Z · 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
1.00
mk+10s bps
—
spread bps
0.70
fills/hr
1.8
strict fills
11
marginal
0
replaces
95
capture $
0.110
inv now $
300
mkt $/hr
$1,700,343
15% clip cap
$139223
COINsession gate
capture bps
0.64
mk+10s bps
0.12
spread bps
0.54
fills/hr
47.3
strict fills
284
marginal
5
replaces
408
capture $
1.827
inv now $
100
mkt $/hr
$28,315
15% clip cap
$90
ORCLsession gate
capture bps
1.16
mk+10s bps
-0.68
spread bps
4.23
fills/hr
10.2
strict fills
61
marginal
0
replaces
107
capture $
0.707
inv now $
100
mkt $/hr
$14,422
15% clip cap
$213
AAPLsession gate
capture bps
0.60
mk+10s bps
0.65
spread bps
0.90
fills/hr
46.3
strict fills
278
marginal
0
replaces
294
capture $
1.681
inv now $
0
mkt $/hr
$310,883
15% clip cap
$1007
SUI
capture bps
3.57
mk+10s bps
-3.42
spread bps
3.95
fills/hr
37.8
strict fills
227
marginal
0
replaces
960
capture $
8.114
inv now $
300
mkt $/hr
$26,308
15% clip cap
$104
NEAR
capture bps
-2.21
mk+10s bps
0.66
spread bps
4.93
fills/hr
12.5
strict fills
75
marginal
2
replaces
804
capture $
-1.655
inv now $
300
mkt $/hr
$57,536
15% clip cap
$691

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 | 0.70 | 11 | 0 | 1.8 | 95 | 0.110 | 1.00 | — | 300 | $1,700,343 | $139223 |
| COIN ⏰ | 0.54 | 284 | 5 | 47.3 | 408 | 1.827 | 0.64 | 0.12 | 100 | $28,315 | $90 |
| ORCL ⏰ | 4.23 | 61 | 0 | 10.2 | 107 | 0.707 | 1.16 | -0.68 | 100 | $14,422 | $213 |
| AAPL ⏰ | 0.90 | 278 | 0 | 46.3 | 294 | 1.681 | 0.60 | 0.65 | 0 | $310,883 | $1007 |
| SUI | 3.95 | 227 | 0 | 37.8 | 960 | 8.114 | 3.57 | -3.42 | 300 | $26,308 | $104 |
| NEAR | 4.93 | 75 | 2 | 12.5 | 804 | -1.655 | -2.21 | 0.66 | 300 | $57,536 | $691 |

⏰ = 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 4hyperliquid 0local 7
COIN
binance 0hyperliquid 0local 289
ORCL
binance 0hyperliquid 0local 61
AAPL
binance 0hyperliquid 0local 278
SUI
binance 221hyperliquid 6local 0
NEAR
binance 77hyperliquid 0local 0

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

USO
spread bps
34.84
ratio
72.91
trades/min
0.4 (thin)
vol1s bps
0.48
SGOV
spread bps
5.98
ratio
15.09
trades/min
0.1 (thin)
vol1s bps
0.40
BE
spread bps
5.58
ratio
12.23
trades/min
0.9 (thin)
vol1s bps
0.46
WULF
spread bps
72.20
ratio
11.97
trades/min
0.0 (thin)
vol1s bps
6.03
PLTR
spread bps
6.09
ratio
11.92
trades/min
1.7 (thin)
vol1s bps
0.51
ORCL
spread bps
3.52
ratio
11.24
trades/min
0.8 (thin)
vol1s bps
0.31
CRCL
spread bps
4.28
ratio
10.26
trades/min
2.7
vol1s bps
0.42
AMC
spread bps
23.02
ratio
9.97
trades/min
0.2 (thin)
vol1s bps
2.31
RGTI
spread bps
45.69
ratio
8.49
trades/min
0.1 (thin)
vol1s bps
5.38
AI
spread bps
88.58
ratio
7.50
trades/min
0.9 (thin)
vol1s bps
11.82
LUNR
spread bps
50.51
ratio
7.43
trades/min
0.1 (thin)
vol1s bps
6.79
AMZN
spread bps
3.17
ratio
6.11
trades/min
5.6
vol1s bps
0.52

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 34.84 | 0.48 | 72.91 | 0.4 (thin) |
| SGOV | 5.98 | 0.40 | 15.09 | 0.1 (thin) |
| BE | 5.58 | 0.46 | 12.23 | 0.9 (thin) |
| WULF | 72.20 | 6.03 | 11.97 | 0.0 (thin) |
| PLTR | 6.09 | 0.51 | 11.92 | 1.7 (thin) |
| ORCL | 3.52 | 0.31 | 11.24 | 0.8 (thin) |
| CRCL | 4.28 | 0.42 | 10.26 | 2.7 |
| AMC | 23.02 | 2.31 | 9.97 | 0.2 (thin) |
| RGTI | 45.69 | 5.38 | 8.49 | 0.1 (thin) |
| AI | 88.58 | 11.82 | 7.50 | 0.9 (thin) |
| LUNR | 50.51 | 6.79 | 7.43 | 0.1 (thin) |
| AMZN | 3.17 | 0.52 | 6.11 | 5.6 |

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.