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 6, 05:35 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-05T23:35:22.098Z · 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
0.33
mk+10s bps
0.79
spread bps
0.91
fills/hr
31.8
strict fills
191
marginal
0
replaces
523
capture $
0.639
inv now $
300
mkt $/hr
$1,488,958
15% clip cap
$7019
COINsession gate
capture bps
1.12
mk+10s bps
0.68
spread bps
4.79
fills/hr
138.6
strict fills
832
marginal
15
replaces
1271
capture $
9.338
inv now $
-100
mkt $/hr
$45,849
15% clip cap
$50
ORCLsession gate
capture bps
0.47
mk+10s bps
-0.40
spread bps
4.89
fills/hr
13.8
strict fills
83
marginal
1
replaces
288
capture $
0.388
inv now $
0
mkt $/hr
$9,245
15% clip cap
$100
AAPLsession gate
capture bps
0.56
mk+10s bps
0.50
spread bps
1.80
fills/hr
53.8
strict fills
323
marginal
2
replaces
348
capture $
1.796
inv now $
100
mkt $/hr
$331,359
15% clip cap
$924
SUI
capture bps
1.08
mk+10s bps
-10.36
spread bps
4.60
fills/hr
29.0
strict fills
174
marginal
1
replaces
955
capture $
1.877
inv now $
300
mkt $/hr
$16,490
15% clip cap
$85
NEAR
capture bps
-0.43
mk+10s bps
-5.88
spread bps
4.77
fills/hr
117.6
strict fills
706
marginal
2
replaces
1626
capture $
-3.036
inv now $
200
mkt $/hr
$149,292
15% clip cap
$190

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 | 0.91 | 191 | 0 | 31.8 | 523 | 0.639 | 0.33 | 0.79 | 300 | $1,488,958 | $7019 |
| COIN ⏰ | 4.79 | 832 | 15 | 138.6 | 1271 | 9.338 | 1.12 | 0.68 | -100 | $45,849 | $50 |
| ORCL ⏰ | 4.89 | 83 | 1 | 13.8 | 288 | 0.388 | 0.47 | -0.40 | 0 | $9,245 | $100 |
| AAPL ⏰ | 1.80 | 323 | 2 | 53.8 | 348 | 1.796 | 0.56 | 0.50 | 100 | $331,359 | $924 |
| SUI | 4.60 | 174 | 1 | 29.0 | 955 | 1.877 | 1.08 | -10.36 | 300 | $16,490 | $85 |
| NEAR | 4.77 | 706 | 2 | 117.6 | 1626 | -3.036 | -0.43 | -5.88 | 200 | $149,292 | $190 |

⏰ = 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 179hyperliquid 0local 12
COIN
binance 0hyperliquid 0local 847
ORCL
binance 0hyperliquid 0local 84
AAPL
binance 0hyperliquid 0local 325
SUI
binance 175hyperliquid 0local 0
NEAR
binance 708hyperliquid 0local 0

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

LUNR
spread bps
56.61
ratio
42.58
trades/min
0.1 (thin)
vol1s bps
1.33
CRWV
spread bps
4.55
ratio
19.57
trades/min
1.5 (thin)
vol1s bps
0.23
USO
spread bps
18.07
ratio
15.04
trades/min
0.9 (thin)
vol1s bps
1.20
SGOV
spread bps
1.99
ratio
12.17
trades/min
0.1 (thin)
vol1s bps
0.16
GOOGL
spread bps
1.73
ratio
10.92
trades/min
51.8
vol1s bps
0.16
AI
spread bps
308.47
ratio
8.70
trades/min
0.5 (thin)
vol1s bps
35.47
ASTS
spread bps
14.84
ratio
8.30
trades/min
0.0 (thin)
vol1s bps
1.79
META
spread bps
3.90
ratio
7.43
trades/min
2.0
vol1s bps
0.53
USAR
spread bps
8.75
ratio
7.21
trades/min
0.1 (thin)
vol1s bps
1.21
SLV
spread bps
4.71
ratio
6.73
trades/min
0.2 (thin)
vol1s bps
0.70
COIN
spread bps
3.72
ratio
6.45
trades/min
4.6
vol1s bps
0.58
BABA
spread bps
5.41
ratio
6.33
trades/min
1.3 (thin)
vol1s bps
0.86

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 56.61 | 1.33 | 42.58 | 0.1 (thin) |
| CRWV | 4.55 | 0.23 | 19.57 | 1.5 (thin) |
| USO | 18.07 | 1.20 | 15.04 | 0.9 (thin) |
| SGOV | 1.99 | 0.16 | 12.17 | 0.1 (thin) |
| GOOGL | 1.73 | 0.16 | 10.92 | 51.8 |
| AI | 308.47 | 35.47 | 8.70 | 0.5 (thin) |
| ASTS | 14.84 | 1.79 | 8.30 | 0.0 (thin) |
| META | 3.90 | 0.53 | 7.43 | 2.0 |
| USAR | 8.75 | 1.21 | 7.21 | 0.1 (thin) |
| SLV | 4.71 | 0.70 | 6.73 | 0.2 (thin) |
| COIN | 3.72 | 0.58 | 6.45 | 4.6 |
| BABA | 5.41 | 0.86 | 6.33 | 1.3 (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.