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, 23:47 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-06T17:46:44.759Z · 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
0.66
mk+10s bps
-0.11
spread bps
0.56
fills/hr
12.5
strict fills
75
marginal
0
replaces
304
capture $
0.499
inv now $
300
mkt $/hr
$2,373,131
15% clip cap
$28502
COINsession gate
capture bps
0.76
mk+10s bps
0.79
spread bps
4.28
fills/hr
28.5
strict fills
171
marginal
0
replaces
256
capture $
1.292
inv now $
100
mkt $/hr
$20,466
15% clip cap
$108
ORCLsession gate
capture bps
1.32
mk+10s bps
-0.42
spread bps
4.13
fills/hr
11.0
strict fills
66
marginal
0
replaces
116
capture $
0.870
inv now $
0
mkt $/hr
$5,984
15% clip cap
$82
AAPLsession gate
capture bps
0.68
mk+10s bps
0.79
spread bps
0.30
fills/hr
28.1
strict fills
169
marginal
1
replaces
176
capture $
1.153
inv now $
0
mkt $/hr
$201,509
15% clip cap
$1074
SUI
capture bps
-2.47
mk+10s bps
-1.70
spread bps
4.16
fills/hr
21.5
strict fills
129
marginal
0
replaces
969
capture $
-3.189
inv now $
300
mkt $/hr
$16,533
15% clip cap
$115
NEAR
capture bps
1.07
mk+10s bps
-0.24
spread bps
4.74
fills/hr
146.0
strict fills
877
marginal
20
replaces
1930
capture $
9.408
inv now $
300
mkt $/hr
$99,474
15% clip cap
$102

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 | 0.56 | 75 | 0 | 12.5 | 304 | 0.499 | 0.66 | -0.11 | 300 | $2,373,131 | $28502 |
| COIN ⏰ | 4.28 | 171 | 0 | 28.5 | 256 | 1.292 | 0.76 | 0.79 | 100 | $20,466 | $108 |
| ORCL ⏰ | 4.13 | 66 | 0 | 11.0 | 116 | 0.870 | 1.32 | -0.42 | 0 | $5,984 | $82 |
| AAPL ⏰ | 0.30 | 169 | 1 | 28.1 | 176 | 1.153 | 0.68 | 0.79 | 0 | $201,509 | $1074 |
| SUI | 4.16 | 129 | 0 | 21.5 | 969 | -3.189 | -2.47 | -1.70 | 300 | $16,533 | $115 |
| NEAR | 4.74 | 877 | 20 | 146.0 | 1930 | 9.408 | 1.07 | -0.24 | 300 | $99,474 | $102 |

⏰ = 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 70hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 171
ORCL
binance 0hyperliquid 0local 66
AAPL
binance 0hyperliquid 0local 170
SUI
binance 128hyperliquid 1local 0
NEAR
binance 882hyperliquid 15local 0

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

WULF
spread bps
19.98
ratio
18.38
trades/min
0.0 (thin)
vol1s bps
1.09
USO
spread bps
14.55
ratio
15.87
trades/min
0.9 (thin)
vol1s bps
0.92
SGOV
spread bps
1.99
ratio
14.56
trades/min
0.0 (thin)
vol1s bps
0.14
QBTS
spread bps
58.91
ratio
14.53
trades/min
0.1 (thin)
vol1s bps
4.05
LUNR
spread bps
76.21
ratio
14.00
trades/min
0.2 (thin)
vol1s bps
5.44
RGTI
spread bps
69.14
ratio
11.57
trades/min
0.1 (thin)
vol1s bps
5.97
SHEIN
spread bps
13.23
ratio
8.88
trades/min
0.0 (thin)
vol1s bps
1.49
AMC
spread bps
17.39
ratio
7.94
trades/min
0.7 (thin)
vol1s bps
2.19
CLSK
spread bps
38.68
ratio
7.50
trades/min
0.1 (thin)
vol1s bps
5.15
BABA
spread bps
3.66
ratio
4.99
trades/min
1.2 (thin)
vol1s bps
0.73
AAPL
spread bps
2.40
ratio
4.92
trades/min
13.8
vol1s bps
0.49
TSM
spread bps
3.72
ratio
4.50
trades/min
2.0
vol1s bps
0.83

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 19.98 | 1.09 | 18.38 | 0.0 (thin) |
| USO | 14.55 | 0.92 | 15.87 | 0.9 (thin) |
| SGOV | 1.99 | 0.14 | 14.56 | 0.0 (thin) |
| QBTS | 58.91 | 4.05 | 14.53 | 0.1 (thin) |
| LUNR | 76.21 | 5.44 | 14.00 | 0.2 (thin) |
| RGTI | 69.14 | 5.97 | 11.57 | 0.1 (thin) |
| SHEIN | 13.23 | 1.49 | 8.88 | 0.0 (thin) |
| AMC | 17.39 | 2.19 | 7.94 | 0.7 (thin) |
| CLSK | 38.68 | 5.15 | 7.50 | 0.1 (thin) |
| BABA | 3.66 | 0.73 | 4.99 | 1.2 (thin) |
| AAPL | 2.40 | 0.49 | 4.92 | 13.8 |
| TSM | 3.72 | 0.83 | 4.50 | 2.0 |

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.