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, 15:54 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-04T09:54:35.370Z · 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
1.28
mk+10s bps
-0.37
spread bps
1.16
fills/hr
6.2
strict fills
37
marginal
0
replaces
223
capture $
0.475
inv now $
300
mkt $/hr
$2,509,512
15% clip cap
$61061
COINsession gate
capture bps
0.66
mk+10s bps
0.20
spread bps
2.16
fills/hr
63.6
strict fills
382
marginal
2
replaces
500
capture $
2.506
inv now $
0
mkt $/hr
$68,967
15% clip cap
$163
ORCLsession gate
capture bps
1.23
mk+10s bps
-0.29
spread bps
3.50
fills/hr
17.7
strict fills
106
marginal
1
replaces
177
capture $
1.299
inv now $
-100
mkt $/hr
$44,867
15% clip cap
$381
AAPLsession gate
capture bps
0.71
mk+10s bps
0.67
spread bps
0.90
fills/hr
111.6
strict fills
670
marginal
7
replaces
698
capture $
4.738
inv now $
-100
mkt $/hr
$881,337
15% clip cap
$1184
SUI
capture bps
-0.89
mk+10s bps
-1.50
spread bps
4.22
fills/hr
60.5
strict fills
363
marginal
0
replaces
1122
capture $
-3.239
inv now $
-300
mkt $/hr
$36,191
15% clip cap
$90
NEAR
capture bps
0.78
mk+10s bps
-4.10
spread bps
3.53
fills/hr
53.0
strict fills
318
marginal
3
replaces
1156
capture $
2.478
inv now $
300
mkt $/hr
$81,919
15% clip cap
$232

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 | 1.16 | 37 | 0 | 6.2 | 223 | 0.475 | 1.28 | -0.37 | 300 | $2,509,512 | $61061 |
| COIN ⏰ | 2.16 | 382 | 2 | 63.6 | 500 | 2.506 | 0.66 | 0.20 | 0 | $68,967 | $163 |
| ORCL ⏰ | 3.50 | 106 | 1 | 17.7 | 177 | 1.299 | 1.23 | -0.29 | -100 | $44,867 | $381 |
| AAPL ⏰ | 0.90 | 670 | 7 | 111.6 | 698 | 4.738 | 0.71 | 0.67 | -100 | $881,337 | $1184 |
| SUI | 4.22 | 363 | 0 | 60.5 | 1122 | -3.239 | -0.89 | -1.50 | -300 | $36,191 | $90 |
| NEAR | 3.53 | 318 | 3 | 53.0 | 1156 | 2.478 | 0.78 | -4.10 | 300 | $81,919 | $232 |

⏰ = 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 35hyperliquid 0local 2
COIN
binance 0hyperliquid 0local 384
ORCL
binance 0hyperliquid 0local 107
AAPL
binance 0hyperliquid 0local 677
SUI
binance 363hyperliquid 0local 0
NEAR
binance 318hyperliquid 3local 0

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

LUNR
spread bps
70.85
ratio
15.32
trades/min
0.0 (thin)
vol1s bps
4.63
USO
spread bps
24.58
ratio
13.53
trades/min
0.1 (thin)
vol1s bps
1.82
SGOV
spread bps
5.98
ratio
11.66
trades/min
0.0 (thin)
vol1s bps
0.51
RGTI
spread bps
61.85
ratio
11.62
trades/min
0.0 (thin)
vol1s bps
5.32
BE
spread bps
5.92
ratio
9.61
trades/min
0.2 (thin)
vol1s bps
0.62
IREN
spread bps
10.81
ratio
8.36
trades/min
0.1 (thin)
vol1s bps
1.29
SMCI
spread bps
8.24
ratio
8.11
trades/min
0.0 (thin)
vol1s bps
1.02
QBTS
spread bps
59.72
ratio
6.82
trades/min
0.1 (thin)
vol1s bps
8.76
CLSK
spread bps
72.68
ratio
6.10
trades/min
0.0 (thin)
vol1s bps
11.92
BABA
spread bps
4.70
ratio
5.81
trades/min
0.3 (thin)
vol1s bps
0.81
ANSEM
spread bps
45.08
ratio
5.61
trades/min
1.8
vol1s bps
8.03
ORCL
spread bps
3.51
ratio
5.60
trades/min
0.7 (thin)
vol1s bps
0.63

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 70.85 | 4.63 | 15.32 | 0.0 (thin) |
| USO | 24.58 | 1.82 | 13.53 | 0.1 (thin) |
| SGOV | 5.98 | 0.51 | 11.66 | 0.0 (thin) |
| RGTI | 61.85 | 5.32 | 11.62 | 0.0 (thin) |
| BE | 5.92 | 0.62 | 9.61 | 0.2 (thin) |
| IREN | 10.81 | 1.29 | 8.36 | 0.1 (thin) |
| SMCI | 8.24 | 1.02 | 8.11 | 0.0 (thin) |
| QBTS | 59.72 | 8.76 | 6.82 | 0.1 (thin) |
| CLSK | 72.68 | 11.92 | 6.10 | 0.0 (thin) |
| BABA | 4.70 | 0.81 | 5.81 | 0.3 (thin) |
| ANSEM | 45.08 | 8.03 | 5.61 | 1.8 |
| ORCL | 3.51 | 0.63 | 5.60 | 0.7 (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.