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, 18:21 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-03T12:21:32.131Z · 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
1.25
mk+10s bps
-1.43
spread bps
1.08
fills/hr
4.5
strict fills
27
marginal
0
replaces
166
capture $
0.337
inv now $
300
mkt $/hr
$2,038,769
15% clip cap
$68028
COINsession gate
capture bps
0.49
mk+10s bps
0.12
spread bps
2.71
fills/hr
36.3
strict fills
218
marginal
1
replaces
366
capture $
1.068
inv now $
100
mkt $/hr
$27,166
15% clip cap
$112
ORCLsession gate
capture bps
1.06
mk+10s bps
-0.49
spread bps
3.52
fills/hr
12.0
strict fills
72
marginal
0
replaces
122
capture $
0.766
inv now $
0
mkt $/hr
$19,951
15% clip cap
$250
AAPLsession gate
capture bps
0.68
mk+10s bps
0.56
spread bps
0.90
fills/hr
155.5
strict fills
934
marginal
4
replaces
963
capture $
6.329
inv now $
0
mkt $/hr
$1,015,884
15% clip cap
$980
SUI
capture bps
-0.41
mk+10s bps
-7.65
spread bps
4.19
fills/hr
21.3
strict fills
128
marginal
1
replaces
886
capture $
-0.529
inv now $
-300
mkt $/hr
$15,505
15% clip cap
$109
NEAR
capture bps
-0.51
mk+10s bps
-1.49
spread bps
3.44
fills/hr
16.5
strict fills
99
marginal
0
replaces
945
capture $
-0.505
inv now $
300
mkt $/hr
$37,625
15% clip cap
$342

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 | 1.08 | 27 | 0 | 4.5 | 166 | 0.337 | 1.25 | -1.43 | 300 | $2,038,769 | $68028 |
| COIN ⏰ | 2.71 | 218 | 1 | 36.3 | 366 | 1.068 | 0.49 | 0.12 | 100 | $27,166 | $112 |
| ORCL ⏰ | 3.52 | 72 | 0 | 12.0 | 122 | 0.766 | 1.06 | -0.49 | 0 | $19,951 | $250 |
| AAPL ⏰ | 0.90 | 934 | 4 | 155.5 | 963 | 6.329 | 0.68 | 0.56 | 0 | $1,015,884 | $980 |
| SUI | 4.19 | 128 | 1 | 21.3 | 886 | -0.529 | -0.41 | -7.65 | -300 | $15,505 | $109 |
| NEAR | 3.44 | 99 | 0 | 16.5 | 945 | -0.505 | -0.51 | -1.49 | 300 | $37,625 | $342 |

⏰ = 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 22hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 219
ORCL
binance 0hyperliquid 0local 72
AAPL
binance 0hyperliquid 0local 938
SUI
binance 129hyperliquid 0local 0
NEAR
binance 99hyperliquid 0local 0

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

USO
spread bps
33.47
ratio
19.13
trades/min
0.2 (thin)
vol1s bps
1.75
SGOV
spread bps
6.97
ratio
18.12
trades/min
0.1 (thin)
vol1s bps
0.38
PLTR
spread bps
3.91
ratio
14.69
trades/min
1.6 (thin)
vol1s bps
0.27
WULF
spread bps
72.20
ratio
12.40
trades/min
0.0 (thin)
vol1s bps
5.82
LUNR
spread bps
71.67
ratio
11.83
trades/min
0.1 (thin)
vol1s bps
6.06
BABA
spread bps
6.63
ratio
10.21
trades/min
0.5 (thin)
vol1s bps
0.65
MU
spread bps
2.52
ratio
9.13
trades/min
1.8
vol1s bps
0.28
ORCL
spread bps
3.52
ratio
8.90
trades/min
0.7 (thin)
vol1s bps
0.40
INTC
spread bps
2.54
ratio
8.59
trades/min
2.8
vol1s bps
0.30
RGTI
spread bps
42.48
ratio
7.94
trades/min
0.1 (thin)
vol1s bps
5.35
SHEIN
spread bps
51.80
ratio
7.14
trades/min
0.5 (thin)
vol1s bps
7.25
QBTS
spread bps
45.99
ratio
6.52
trades/min
0.1 (thin)
vol1s bps
7.05

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 33.47 | 1.75 | 19.13 | 0.2 (thin) |
| SGOV | 6.97 | 0.38 | 18.12 | 0.1 (thin) |
| PLTR | 3.91 | 0.27 | 14.69 | 1.6 (thin) |
| WULF | 72.20 | 5.82 | 12.40 | 0.0 (thin) |
| LUNR | 71.67 | 6.06 | 11.83 | 0.1 (thin) |
| BABA | 6.63 | 0.65 | 10.21 | 0.5 (thin) |
| MU | 2.52 | 0.28 | 9.13 | 1.8 |
| ORCL | 3.52 | 0.40 | 8.90 | 0.7 (thin) |
| INTC | 2.54 | 0.30 | 8.59 | 2.8 |
| RGTI | 42.48 | 5.35 | 7.94 | 0.1 (thin) |
| SHEIN | 51.80 | 7.25 | 7.14 | 0.5 (thin) |
| QBTS | 45.99 | 7.05 | 6.52 | 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.