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, 17:43 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-06T11:43:01.114Z · 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
-0.08
mk+10s bps
1.00
spread bps
1.24
fills/hr
59.2
strict fills
355
marginal
0
replaces
998
capture $
-0.276
inv now $
300
mkt $/hr
$4,921,895
15% clip cap
$12481
COINsession gate
capture bps
0.86
mk+10s bps
-1.00
spread bps
3.68
fills/hr
23.2
strict fills
139
marginal
0
replaces
250
capture $
1.190
inv now $
0
mkt $/hr
$13,488
15% clip cap
$87
ORCLsession gate
capture bps
1.72
mk+10s bps
-0.03
spread bps
0.69
fills/hr
4.8
strict fills
29
marginal
0
replaces
116
capture $
0.500
inv now $
0
mkt $/hr
$3,931
15% clip cap
$122
AAPLsession gate
capture bps
0.76
mk+10s bps
0.49
spread bps
0.30
fills/hr
54.2
strict fills
325
marginal
3
replaces
359
capture $
2.459
inv now $
0
mkt $/hr
$165,751
15% clip cap
$459
SUI
capture bps
-0.92
mk+10s bps
-0.30
spread bps
2.62
fills/hr
44.2
strict fills
265
marginal
1
replaces
1463
capture $
-2.431
inv now $
200
mkt $/hr
$9,376
15% clip cap
$32
NEAR
capture bps
-0.44
mk+10s bps
-0.63
spread bps
3.78
fills/hr
209.3
strict fills
1256
marginal
11
replaces
2653
capture $
-5.483
inv now $
300
mkt $/hr
$162,044
15% clip cap
$116

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 | 1.24 | 355 | 0 | 59.2 | 998 | -0.276 | -0.08 | 1.00 | 300 | $4,921,895 | $12481 |
| COIN ⏰ | 3.68 | 139 | 0 | 23.2 | 250 | 1.190 | 0.86 | -1.00 | 0 | $13,488 | $87 |
| ORCL ⏰ | 0.69 | 29 | 0 | 4.8 | 116 | 0.500 | 1.72 | -0.03 | 0 | $3,931 | $122 |
| AAPL ⏰ | 0.30 | 325 | 3 | 54.2 | 359 | 2.459 | 0.76 | 0.49 | 0 | $165,751 | $459 |
| SUI | 2.62 | 265 | 1 | 44.2 | 1463 | -2.431 | -0.92 | -0.30 | 200 | $9,376 | $32 |
| NEAR | 3.78 | 1256 | 11 | 209.3 | 2653 | -5.483 | -0.44 | -0.63 | 300 | $162,044 | $116 |

⏰ = 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 341hyperliquid 0local 14
COIN
binance 0hyperliquid 0local 139
ORCL
binance 0hyperliquid 0local 29
AAPL
binance 0hyperliquid 0local 328
SUI
binance 265hyperliquid 1local 0
NEAR
binance 1265hyperliquid 2local 0

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

WULF
spread bps
84.20
ratio
44.68
trades/min
0.0 (thin)
vol1s bps
1.88
ANSEM
spread bps
60.12
ratio
11.47
trades/min
1.0 (thin)
vol1s bps
5.24
SGOV
spread bps
1.99
ratio
10.96
trades/min
0.0 (thin)
vol1s bps
0.18
ASTS
spread bps
10.16
ratio
8.76
trades/min
0.1 (thin)
vol1s bps
1.16
AMC
spread bps
45.36
ratio
8.05
trades/min
0.2 (thin)
vol1s bps
5.64
CRWV
spread bps
5.65
ratio
7.32
trades/min
0.5 (thin)
vol1s bps
0.77
CASHCAT
spread bps
24.26
ratio
7.26
trades/min
1.2 (thin)
vol1s bps
3.34
IREN
spread bps
11.44
ratio
6.88
trades/min
0.1 (thin)
vol1s bps
1.66
USO
spread bps
10.63
ratio
6.86
trades/min
0.5 (thin)
vol1s bps
1.55
SOFI
spread bps
19.90
ratio
5.66
trades/min
0.1 (thin)
vol1s bps
3.52
TSLA
spread bps
3.65
ratio
5.47
trades/min
12.3
vol1s bps
0.67
ORCL
spread bps
3.47
ratio
5.41
trades/min
1.0 (thin)
vol1s bps
0.64

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 84.20 | 1.88 | 44.68 | 0.0 (thin) |
| ANSEM | 60.12 | 5.24 | 11.47 | 1.0 (thin) |
| SGOV | 1.99 | 0.18 | 10.96 | 0.0 (thin) |
| ASTS | 10.16 | 1.16 | 8.76 | 0.1 (thin) |
| AMC | 45.36 | 5.64 | 8.05 | 0.2 (thin) |
| CRWV | 5.65 | 0.77 | 7.32 | 0.5 (thin) |
| CASHCAT | 24.26 | 3.34 | 7.26 | 1.2 (thin) |
| IREN | 11.44 | 1.66 | 6.88 | 0.1 (thin) |
| USO | 10.63 | 1.55 | 6.86 | 0.5 (thin) |
| SOFI | 19.90 | 3.52 | 5.66 | 0.1 (thin) |
| TSLA | 3.65 | 0.67 | 5.47 | 12.3 |
| ORCL | 3.47 | 0.64 | 5.41 | 1.0 (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.