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, 17:28 UTC

cut short after 1.0h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 1.01h elapsed · started 2026-10-05T16:06:01.284Z · 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
0.56
mk+10s bps
0.51
spread bps
0.97
fills/hr
60.6
strict fills
61
marginal
0
replaces
154
capture $
0.341
inv now $
300
mkt $/hr
$5,006,665
15% clip cap
$12387
COINsession gate
capture bps
—
mk+10s bps
—
spread bps
4.80
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
3.49
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
1.80
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
-2.62
mk+10s bps
-11.32
spread bps
4.15
fills/hr
53.7
strict fills
54
marginal
0
replaces
261
capture $
-1.414
inv now $
0
mkt $/hr
$25,788
15% clip cap
$72
NEAR
capture bps
-0.23
mk+10s bps
-4.42
spread bps
4.82
fills/hr
140.1
strict fills
141
marginal
0
replaces
400
capture $
-0.323
inv now $
300
mkt $/hr
$144,310
15% clip cap
$154

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 | 0.97 | 61 | 0 | 60.6 | 154 | 0.341 | 0.56 | 0.51 | 300 | $5,006,665 | $12387 |
| COIN ⏰ | 4.80 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| ORCL ⏰ | 3.49 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| AAPL ⏰ | 1.80 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| SUI | 4.15 | 54 | 0 | 53.7 | 261 | -1.414 | -2.62 | -11.32 | 0 | $25,788 | $72 |
| NEAR | 4.82 | 141 | 0 | 140.1 | 400 | -0.323 | -0.23 | -4.42 | 300 | $144,310 | $154 |

⏰ = 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 48hyperliquid 0local 13
COIN
binance 0hyperliquid 0local 0
ORCL
binance 0hyperliquid 0local 0
AAPL
binance 0hyperliquid 0local 0
SUI
binance 54hyperliquid 0local 0
NEAR
binance 141hyperliquid 0local 0

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

SOFI
spread bps
19.37
ratio
14.27
trades/min
0.1 (thin)
vol1s bps
1.36
USO
spread bps
12.38
ratio
9.52
trades/min
1.6 (thin)
vol1s bps
1.30
RGTI
spread bps
46.32
ratio
8.85
trades/min
0.0 (thin)
vol1s bps
5.24
OPENAI
spread bps
0.84
ratio
8.21
trades/min
274.1
vol1s bps
0.10
QBTS
spread bps
59.09
ratio
6.97
trades/min
0.0 (thin)
vol1s bps
8.48
ANSEM
spread bps
117.60
ratio
5.71
trades/min
0.4 (thin)
vol1s bps
20.60
SHEIN
spread bps
37.15
ratio
5.42
trades/min
0.2 (thin)
vol1s bps
6.85
LUNR
spread bps
56.76
ratio
5.07
trades/min
0.7 (thin)
vol1s bps
11.19
PLTR
spread bps
5.04
ratio
3.92
trades/min
2.8
vol1s bps
1.29
AI
spread bps
175.46
ratio
3.91
trades/min
0.2 (thin)
vol1s bps
44.91
AMZN
spread bps
3.17
ratio
3.87
trades/min
16.0
vol1s bps
0.82
ORCL
spread bps
3.49
ratio
3.80
trades/min
2.2
vol1s bps
0.92

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SOFI | 19.37 | 1.36 | 14.27 | 0.1 (thin) |
| USO | 12.38 | 1.30 | 9.52 | 1.6 (thin) |
| RGTI | 46.32 | 5.24 | 8.85 | 0.0 (thin) |
| OPENAI | 0.84 | 0.10 | 8.21 | 274.1 |
| QBTS | 59.09 | 8.48 | 6.97 | 0.0 (thin) |
| ANSEM | 117.60 | 20.60 | 5.71 | 0.4 (thin) |
| SHEIN | 37.15 | 6.85 | 5.42 | 0.2 (thin) |
| LUNR | 56.76 | 11.19 | 5.07 | 0.7 (thin) |
| PLTR | 5.04 | 1.29 | 3.92 | 2.8 |
| AI | 175.46 | 44.91 | 3.91 | 0.2 (thin) |
| AMZN | 3.17 | 0.82 | 3.87 | 16.0 |
| ORCL | 3.49 | 0.92 | 3.80 | 2.2 |

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.