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 4, 00:35 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-03T18:34:54.278Z · 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
-0.81
mk+10s bps
-0.94
spread bps
0.85
fills/hr
9.2
strict fills
55
marginal
0
replaces
162
capture $
-0.444
inv now $
300
mkt $/hr
$2,380,831
15% clip cap
$38987
COINsession gate
capture bps
0.63
mk+10s bps
0.30
spread bps
5.42
fills/hr
40.5
strict fills
243
marginal
4
replaces
360
capture $
1.535
inv now $
-100
mkt $/hr
$50,590
15% clip cap
$188
ORCLsession gate
capture bps
1.22
mk+10s bps
-0.15
spread bps
4.21
fills/hr
3.7
strict fills
22
marginal
0
replaces
73
capture $
0.268
inv now $
200
mkt $/hr
$12,216
15% clip cap
$500
AAPLsession gate
capture bps
0.65
mk+10s bps
0.55
spread bps
1.50
fills/hr
48.3
strict fills
290
marginal
2
replaces
301
capture $
1.883
inv now $
0
mkt $/hr
$340,198
15% clip cap
$1057
SUI
capture bps
-2.95
mk+10s bps
-3.57
spread bps
2.53
fills/hr
18.2
strict fills
109
marginal
0
replaces
766
capture $
-3.220
inv now $
-300
mkt $/hr
$21,520
15% clip cap
$178
NEAR
capture bps
7.21
mk+10s bps
0.60
spread bps
4.69
fills/hr
48.3
strict fills
290
marginal
3
replaces
1133
capture $
20.911
inv now $
300
mkt $/hr
$92,906
15% clip cap
$289

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 | 0.85 | 55 | 0 | 9.2 | 162 | -0.444 | -0.81 | -0.94 | 300 | $2,380,831 | $38987 |
| COIN ⏰ | 5.42 | 243 | 4 | 40.5 | 360 | 1.535 | 0.63 | 0.30 | -100 | $50,590 | $188 |
| ORCL ⏰ | 4.21 | 22 | 0 | 3.7 | 73 | 0.268 | 1.22 | -0.15 | 200 | $12,216 | $500 |
| AAPL ⏰ | 1.50 | 290 | 2 | 48.3 | 301 | 1.883 | 0.65 | 0.55 | 0 | $340,198 | $1057 |
| SUI | 2.53 | 109 | 0 | 18.2 | 766 | -3.220 | -2.95 | -3.57 | -300 | $21,520 | $178 |
| NEAR | 4.69 | 290 | 3 | 48.3 | 1133 | 20.911 | 7.21 | 0.60 | 300 | $92,906 | $289 |

⏰ = 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 49hyperliquid 0local 6
COIN
binance 0hyperliquid 0local 247
ORCL
binance 0hyperliquid 0local 22
AAPL
binance 0hyperliquid 0local 292
SUI
binance 106hyperliquid 3local 0
NEAR
binance 290hyperliquid 3local 0

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

USO
spread bps
28.68
ratio
22.50
trades/min
0.9 (thin)
vol1s bps
1.27
WULF
spread bps
72.20
ratio
12.82
trades/min
0.0 (thin)
vol1s bps
5.63
RGTI
spread bps
54.14
ratio
10.12
trades/min
0.1 (thin)
vol1s bps
5.35
SGOV
spread bps
3.98
ratio
10.04
trades/min
0.1 (thin)
vol1s bps
0.40
ORCL
spread bps
2.81
ratio
8.92
trades/min
0.4 (thin)
vol1s bps
0.32
COIN
spread bps
3.79
ratio
8.35
trades/min
3.8
vol1s bps
0.45
SHEIN
spread bps
29.15
ratio
8.11
trades/min
0.2 (thin)
vol1s bps
3.59
AMZN
spread bps
2.78
ratio
7.49
trades/min
4.3
vol1s bps
0.37
SOFI
spread bps
23.97
ratio
6.95
trades/min
0.1 (thin)
vol1s bps
3.45
CRCL
spread bps
3.89
ratio
6.34
trades/min
4.1
vol1s bps
0.61
LUNR
spread bps
35.77
ratio
5.92
trades/min
0.1 (thin)
vol1s bps
6.04
NVDA
spread bps
1.28
ratio
5.64
trades/min
17.9
vol1s bps
0.23

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 28.68 | 1.27 | 22.50 | 0.9 (thin) |
| WULF | 72.20 | 5.63 | 12.82 | 0.0 (thin) |
| RGTI | 54.14 | 5.35 | 10.12 | 0.1 (thin) |
| SGOV | 3.98 | 0.40 | 10.04 | 0.1 (thin) |
| ORCL | 2.81 | 0.32 | 8.92 | 0.4 (thin) |
| COIN | 3.79 | 0.45 | 8.35 | 3.8 |
| SHEIN | 29.15 | 3.59 | 8.11 | 0.2 (thin) |
| AMZN | 2.78 | 0.37 | 7.49 | 4.3 |
| SOFI | 23.97 | 3.45 | 6.95 | 0.1 (thin) |
| CRCL | 3.89 | 0.61 | 6.34 | 4.1 |
| LUNR | 35.77 | 6.04 | 5.92 | 0.1 (thin) |
| NVDA | 1.28 | 0.23 | 5.64 | 17.9 |

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.