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, 14:21 UTC

cut short after 5.0h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 5.03h elapsed · started 2026-10-05T09:18:50.114Z · 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
1.71
mk+10s bps
0.64
spread bps
1.84
fills/hr
34.8
strict fills
175
marginal
0
replaces
604
capture $
2.994
inv now $
300
mkt $/hr
$3,084,515
15% clip cap
$13299
COINsession gate
capture bps
0.41
mk+10s bps
0.01
spread bps
3.72
fills/hr
88.3
strict fills
444
marginal
0
replaces
755
capture $
1.842
inv now $
0
mkt $/hr
$55,116
15% clip cap
$94
ORCLsession gate
capture bps
0.69
mk+10s bps
0.39
spread bps
3.51
fills/hr
22.3
strict fills
112
marginal
2
replaces
308
capture $
0.769
inv now $
0
mkt $/hr
$24,237
15% clip cap
$163
AAPLsession gate
capture bps
0.78
mk+10s bps
0.54
spread bps
1.81
fills/hr
323.4
strict fills
1627
marginal
10
replaces
1720
capture $
12.712
inv now $
0
mkt $/hr
$763,400
15% clip cap
$354
SUI
capture bps
-1.27
mk+10s bps
-1.83
spread bps
4.11
fills/hr
38.2
strict fills
192
marginal
0
replaces
1007
capture $
-2.433
inv now $
200
mkt $/hr
$18,032
15% clip cap
$71
NEAR
capture bps
-0.16
mk+10s bps
-1.17
spread bps
4.74
fills/hr
75.1
strict fills
378
marginal
2
replaces
1250
capture $
-0.615
inv now $
200
mkt $/hr
$166,780
15% clip cap
$333

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 | 1.84 | 175 | 0 | 34.8 | 604 | 2.994 | 1.71 | 0.64 | 300 | $3,084,515 | $13299 |
| COIN ⏰ | 3.72 | 444 | 0 | 88.3 | 755 | 1.842 | 0.41 | 0.01 | 0 | $55,116 | $94 |
| ORCL ⏰ | 3.51 | 112 | 2 | 22.3 | 308 | 0.769 | 0.69 | 0.39 | 0 | $24,237 | $163 |
| AAPL ⏰ | 1.81 | 1627 | 10 | 323.4 | 1720 | 12.712 | 0.78 | 0.54 | 0 | $763,400 | $354 |
| SUI | 4.11 | 192 | 0 | 38.2 | 1007 | -2.433 | -1.27 | -1.83 | 200 | $18,032 | $71 |
| NEAR | 4.74 | 378 | 2 | 75.1 | 1250 | -0.615 | -0.16 | -1.17 | 200 | $166,780 | $333 |

⏰ = 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 1 · ORCL 1 · AAPL 1).

Fair-value source mix (fills by source)

BTC
binance 159hyperliquid 0local 16
COIN
binance 0hyperliquid 0local 444
ORCL
binance 0hyperliquid 0local 114
AAPL
binance 0hyperliquid 0local 1637
SUI
binance 192hyperliquid 0local 0
NEAR
binance 379hyperliquid 1local 0

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

ANSEM
spread bps
80.86
ratio
34.98
trades/min
0.7 (thin)
vol1s bps
2.31
WULF
spread bps
241.04
ratio
18.11
trades/min
0.2 (thin)
vol1s bps
13.31
RGTI
spread bps
56.61
ratio
16.24
trades/min
0.0 (thin)
vol1s bps
3.49
SOFI
spread bps
20.29
ratio
14.32
trades/min
0.1 (thin)
vol1s bps
1.42
SMCI
spread bps
14.16
ratio
11.67
trades/min
0.1 (thin)
vol1s bps
1.21
LUNR
spread bps
35.74
ratio
9.32
trades/min
0.0 (thin)
vol1s bps
3.84
BABA
spread bps
5.59
ratio
6.67
trades/min
0.6 (thin)
vol1s bps
0.84
IREN
spread bps
13.83
ratio
6.50
trades/min
0.1 (thin)
vol1s bps
2.13
BE
spread bps
6.24
ratio
5.88
trades/min
0.3 (thin)
vol1s bps
1.06
USELESS
spread bps
12.64
ratio
5.04
trades/min
0.2 (thin)
vol1s bps
2.51
ASTS
spread bps
12.92
ratio
4.81
trades/min
0.0 (thin)
vol1s bps
2.68
TSM
spread bps
7.52
ratio
4.79
trades/min
1.8
vol1s bps
1.57

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| ANSEM | 80.86 | 2.31 | 34.98 | 0.7 (thin) |
| WULF | 241.04 | 13.31 | 18.11 | 0.2 (thin) |
| RGTI | 56.61 | 3.49 | 16.24 | 0.0 (thin) |
| SOFI | 20.29 | 1.42 | 14.32 | 0.1 (thin) |
| SMCI | 14.16 | 1.21 | 11.67 | 0.1 (thin) |
| LUNR | 35.74 | 3.84 | 9.32 | 0.0 (thin) |
| BABA | 5.59 | 0.84 | 6.67 | 0.6 (thin) |
| IREN | 13.83 | 2.13 | 6.50 | 0.1 (thin) |
| BE | 6.24 | 1.06 | 5.88 | 0.3 (thin) |
| USELESS | 12.64 | 2.51 | 5.04 | 0.2 (thin) |
| ASTS | 12.92 | 2.68 | 4.81 | 0.0 (thin) |
| TSM | 7.52 | 1.57 | 4.79 | 1.8 |

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. Interim — numbers move until the run completes.