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, 23:32 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-05T17:31:57.506Z · 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
-1.17
spread bps
0.62
fills/hr
21.5
strict fills
129
marginal
0
replaces
418
capture $
2.200
inv now $
300
mkt $/hr
$2,022,657
15% clip cap
$14116
COINsession gate
capture bps
0.89
mk+10s bps
0.77
spread bps
2.66
fills/hr
38.2
strict fills
229
marginal
1
replaces
334
capture $
2.040
inv now $
200
mkt $/hr
$20,980
15% clip cap
$82
ORCLsession gate
capture bps
0.30
mk+10s bps
-6.72
spread bps
3.50
fills/hr
11.0
strict fills
66
marginal
1
replaces
117
capture $
0.195
inv now $
100
mkt $/hr
$4,612
15% clip cap
$63
AAPLsession gate
capture bps
0.74
mk+10s bps
0.59
spread bps
1.20
fills/hr
36.8
strict fills
221
marginal
1
replaces
228
capture $
1.632
inv now $
0
mkt $/hr
$219,009
15% clip cap
$892
SUI
capture bps
3.17
mk+10s bps
-9.83
spread bps
5.12
fills/hr
32.0
strict fills
192
marginal
1
replaces
1143
capture $
6.082
inv now $
-300
mkt $/hr
$12,849
15% clip cap
$60
NEAR
capture bps
0.31
mk+10s bps
-0.51
spread bps
3.48
fills/hr
180.4
strict fills
1083
marginal
4
replaces
2336
capture $
3.397
inv now $
300
mkt $/hr
$225,628
15% clip cap
$188

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 | 0.62 | 129 | 0 | 21.5 | 418 | 2.200 | 1.71 | -1.17 | 300 | $2,022,657 | $14116 |
| COIN ⏰ | 2.66 | 229 | 1 | 38.2 | 334 | 2.040 | 0.89 | 0.77 | 200 | $20,980 | $82 |
| ORCL ⏰ | 3.50 | 66 | 1 | 11.0 | 117 | 0.195 | 0.30 | -6.72 | 100 | $4,612 | $63 |
| AAPL ⏰ | 1.20 | 221 | 1 | 36.8 | 228 | 1.632 | 0.74 | 0.59 | 0 | $219,009 | $892 |
| SUI | 5.12 | 192 | 1 | 32.0 | 1143 | 6.082 | 3.17 | -9.83 | -300 | $12,849 | $60 |
| NEAR | 3.48 | 1083 | 4 | 180.4 | 2336 | 3.397 | 0.31 | -0.51 | 300 | $225,628 | $188 |

⏰ = 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 124hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 230
ORCL
binance 0hyperliquid 0local 67
AAPL
binance 0hyperliquid 0local 222
SUI
binance 193hyperliquid 0local 0
NEAR
binance 1086hyperliquid 1local 0

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

USO
spread bps
6.89
ratio
8.18
trades/min
0.2 (thin)
vol1s bps
0.84
AI
spread bps
267.68
ratio
7.69
trades/min
2.3
vol1s bps
34.80
SLV
spread bps
3.81
ratio
7.27
trades/min
0.7
vol1s bps
0.52
CRWV
spread bps
6.84
ratio
5.89
trades/min
3.1
vol1s bps
1.16
ORCL
spread bps
3.48
ratio
4.99
trades/min
2.5
vol1s bps
0.70
BABA
spread bps
2.72
ratio
4.84
trades/min
2.9
vol1s bps
0.56
BE
spread bps
5.92
ratio
4.49
trades/min
0.8
vol1s bps
1.32
MSFT
spread bps
3.61
ratio
4.38
trades/min
13.2
vol1s bps
0.83
TSM
spread bps
2.88
ratio
4.25
trades/min
3.8
vol1s bps
0.68
AAPL
spread bps
3.00
ratio
4.14
trades/min
16.7
vol1s bps
0.72
USELESS
spread bps
8.34
ratio
3.91
trades/min
0.3 (thin)
vol1s bps
2.13
SUI
spread bps
4.87
ratio
3.73
trades/min
0.6
vol1s bps
1.31

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 6.89 | 0.84 | 8.18 | 0.2 (thin) |
| AI | 267.68 | 34.80 | 7.69 | 2.3 |
| SLV | 3.81 | 0.52 | 7.27 | 0.7 |
| CRWV | 6.84 | 1.16 | 5.89 | 3.1 |
| ORCL | 3.48 | 0.70 | 4.99 | 2.5 |
| BABA | 2.72 | 0.56 | 4.84 | 2.9 |
| BE | 5.92 | 1.32 | 4.49 | 0.8 |
| MSFT | 3.61 | 0.83 | 4.38 | 13.2 |
| TSM | 2.88 | 0.68 | 4.25 | 3.8 |
| AAPL | 3.00 | 0.72 | 4.14 | 16.7 |
| USELESS | 8.34 | 2.13 | 3.91 | 0.3 (thin) |
| SUI | 4.87 | 1.31 | 3.73 | 0.6 |

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.