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, 16:03 UTC

cut short after 1 min, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 0.01h elapsed · started 2026-10-05T15:33:11.692Z · 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
-0.14
mk+10s bps
0.70
spread bps
0.76
fills/hr
1500.0
strict fills
15
marginal
0
replaces
15
capture $
-0.021
inv now $
300
mkt $/hr
$4,210,486
15% clip cap
$421
COINsession gate
capture bps
—
mk+10s bps
—
spread bps
4.77
fills/hr
0.0
strict fills
0
marginal
0
replaces
0
capture $
0.000
inv now $
0
mkt $/hr
$0
15% clip cap
$0
ORCLsession gate
capture bps
—
mk+10s bps
—
spread bps
2.79
fills/hr
0.0
strict fills
0
marginal
0
replaces
0
capture $
0.000
inv now $
0
mkt $/hr
$0
15% clip cap
$0
AAPLsession gate
capture bps
—
mk+10s bps
—
spread bps
2.40
fills/hr
0.0
strict fills
0
marginal
0
replaces
0
capture $
0.000
inv now $
0
mkt $/hr
$0
15% clip cap
$0
SUI
capture bps
1.09
mk+10s bps
-26.83
spread bps
2.87
fills/hr
3500.0
strict fills
35
marginal
0
replaces
35
capture $
0.381
inv now $
-300
mkt $/hr
$1,799,210
15% clip cap
$77
NEAR
capture bps
1.11
mk+10s bps
-11.15
spread bps
5.00
fills/hr
3500.0
strict fills
35
marginal
0
replaces
35
capture $
0.390
inv now $
300
mkt $/hr
$3,062,812
15% clip cap
$131

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 | 0.76 | 15 | 0 | 1500.0 | 15 | -0.021 | -0.14 | 0.70 | 300 | $4,210,486 | $421 |
| COIN ⏰ | 4.77 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| ORCL ⏰ | 2.79 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| AAPL ⏰ | 2.40 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| SUI | 2.87 | 35 | 0 | 3500.0 | 35 | 0.381 | 1.09 | -26.83 | -300 | $1,799,210 | $77 |
| NEAR | 5.00 | 35 | 0 | 3500.0 | 35 | 0.390 | 1.11 | -11.15 | 300 | $3,062,812 | $131 |

⏰ = 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 15hyperliquid 0local 0
COIN
binance 0hyperliquid 0local 0
ORCL
binance 0hyperliquid 0local 0
AAPL
binance 0hyperliquid 0local 0
SUI
binance 35hyperliquid 0local 0
NEAR
binance 35hyperliquid 0local 0

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

SOFI
spread bps
21.86
ratio
16.11
trades/min
0.1 (thin)
vol1s bps
1.36
RGTI
spread bps
40.99
ratio
7.76
trades/min
0.0 (thin)
vol1s bps
5.28
AI
spread bps
264.81
ratio
5.91
trades/min
0.2 (thin)
vol1s bps
44.81
USELESS
spread bps
16.15
ratio
5.47
trades/min
0.2 (thin)
vol1s bps
2.95
ANSEM
spread bps
71.17
ratio
5.31
trades/min
0.4 (thin)
vol1s bps
13.40
SHEIN
spread bps
35.46
ratio
5.18
trades/min
0.2 (thin)
vol1s bps
6.85
SKHY
spread bps
5.15
ratio
4.48
trades/min
4.7
vol1s bps
1.15
QBTS
spread bps
37.06
ratio
4.23
trades/min
0.0 (thin)
vol1s bps
8.75
PONS
spread bps
10.57
ratio
4.02
trades/min
23.2
vol1s bps
2.63
MU
spread bps
3.00
ratio
3.44
trades/min
14.1
vol1s bps
0.87
META
spread bps
3.48
ratio
3.42
trades/min
20.0
vol1s bps
1.02
BE
spread bps
8.31
ratio
3.40
trades/min
1.4 (thin)
vol1s bps
2.44

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SOFI | 21.86 | 1.36 | 16.11 | 0.1 (thin) |
| RGTI | 40.99 | 5.28 | 7.76 | 0.0 (thin) |
| AI | 264.81 | 44.81 | 5.91 | 0.2 (thin) |
| USELESS | 16.15 | 2.95 | 5.47 | 0.2 (thin) |
| ANSEM | 71.17 | 13.40 | 5.31 | 0.4 (thin) |
| SHEIN | 35.46 | 6.85 | 5.18 | 0.2 (thin) |
| SKHY | 5.15 | 1.15 | 4.48 | 4.7 |
| QBTS | 37.06 | 8.75 | 4.23 | 0.0 (thin) |
| PONS | 10.57 | 2.63 | 4.02 | 23.2 |
| MU | 3.00 | 0.87 | 3.44 | 14.1 |
| META | 3.48 | 1.02 | 3.42 | 20.0 |
| BE | 8.31 | 2.44 | 3.40 | 1.4 (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. Interim — numbers move until the run completes.