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 5, 04:02 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-04T22:01:51.746Z · 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
0.73
mk+10s bps
-0.59
spread bps
0.80
fills/hr
60.4
strict fills
363
marginal
0
replaces
867
capture $
2.635
inv now $
300
mkt $/hr
$3,114,484
15% clip cap
$7733
COINsession gate
capture bps
0.54
mk+10s bps
-0.54
spread bps
4.30
fills/hr
143.5
strict fills
862
marginal
13
replaces
1402
capture $
4.663
inv now $
300
mkt $/hr
$149,847
15% clip cap
$157
ORCLsession gate
capture bps
-1.03
mk+10s bps
0.31
spread bps
3.50
fills/hr
10.2
strict fills
61
marginal
1
replaces
380
capture $
-0.629
inv now $
0
mkt $/hr
$27,417
15% clip cap
$405
AAPLsession gate
capture bps
0.39
mk+10s bps
0.38
spread bps
0.90
fills/hr
66.2
strict fills
398
marginal
2
replaces
441
capture $
1.554
inv now $
-200
mkt $/hr
$294,369
15% clip cap
$667
SUI
capture bps
6.88
mk+10s bps
1.11
spread bps
3.00
fills/hr
36.1
strict fills
217
marginal
0
replaces
1034
capture $
14.921
inv now $
300
mkt $/hr
$15,610
15% clip cap
$65
NEAR
capture bps
-0.86
mk+10s bps
-0.46
spread bps
3.71
fills/hr
56.6
strict fills
340
marginal
3
replaces
1185
capture $
-2.921
inv now $
300
mkt $/hr
$113,494
15% clip cap
$301

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 | 0.80 | 363 | 0 | 60.4 | 867 | 2.635 | 0.73 | -0.59 | 300 | $3,114,484 | $7733 |
| COIN ⏰ | 4.30 | 862 | 13 | 143.5 | 1402 | 4.663 | 0.54 | -0.54 | 300 | $149,847 | $157 |
| ORCL ⏰ | 3.50 | 61 | 1 | 10.2 | 380 | -0.629 | -1.03 | 0.31 | 0 | $27,417 | $405 |
| AAPL ⏰ | 0.90 | 398 | 2 | 66.2 | 441 | 1.554 | 0.39 | 0.38 | -200 | $294,369 | $667 |
| SUI | 3.00 | 217 | 0 | 36.1 | 1034 | 14.921 | 6.88 | 1.11 | 300 | $15,610 | $65 |
| NEAR | 3.71 | 340 | 3 | 56.6 | 1185 | -2.921 | -0.86 | -0.46 | 300 | $113,494 | $301 |

⏰ = 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 355hyperliquid 0local 8
COIN
binance 0hyperliquid 0local 875
ORCL
binance 0hyperliquid 0local 62
AAPL
binance 0hyperliquid 0local 400
SUI
binance 217hyperliquid 0local 0
NEAR
binance 343hyperliquid 0local 0

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

USO
spread bps
27.80
ratio
36.92
trades/min
0.4 (thin)
vol1s bps
0.75
SOFI
spread bps
21.40
ratio
28.51
trades/min
0.1 (thin)
vol1s bps
0.75
SLV
spread bps
25.66
ratio
14.31
trades/min
0.9 (thin)
vol1s bps
1.79
SHEIN
spread bps
33.07
ratio
14.21
trades/min
0.0 (thin)
vol1s bps
2.33
SMCI
spread bps
14.20
ratio
13.22
trades/min
0.0 (thin)
vol1s bps
1.07
ANSEM
spread bps
119.60
ratio
10.59
trades/min
1.2 (thin)
vol1s bps
11.29
AMC
spread bps
11.88
ratio
8.68
trades/min
0.1 (thin)
vol1s bps
1.37
IREN
spread bps
12.20
ratio
7.53
trades/min
0.1 (thin)
vol1s bps
1.62
BE
spread bps
6.95
ratio
7.47
trades/min
0.1 (thin)
vol1s bps
0.93
MU
spread bps
3.09
ratio
6.19
trades/min
3.6
vol1s bps
0.50
TSM
spread bps
3.99
ratio
6.18
trades/min
1.5 (thin)
vol1s bps
0.65
AI
spread bps
224.03
ratio
6.02
trades/min
1.2 (thin)
vol1s bps
37.21

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 27.80 | 0.75 | 36.92 | 0.4 (thin) |
| SOFI | 21.40 | 0.75 | 28.51 | 0.1 (thin) |
| SLV | 25.66 | 1.79 | 14.31 | 0.9 (thin) |
| SHEIN | 33.07 | 2.33 | 14.21 | 0.0 (thin) |
| SMCI | 14.20 | 1.07 | 13.22 | 0.0 (thin) |
| ANSEM | 119.60 | 11.29 | 10.59 | 1.2 (thin) |
| AMC | 11.88 | 1.37 | 8.68 | 0.1 (thin) |
| IREN | 12.20 | 1.62 | 7.53 | 0.1 (thin) |
| BE | 6.95 | 0.93 | 7.47 | 0.1 (thin) |
| MU | 3.09 | 0.50 | 6.19 | 3.6 |
| TSM | 3.99 | 0.65 | 6.18 | 1.5 (thin) |
| AI | 224.03 | 37.21 | 6.02 | 1.2 (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.