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 7, 05:51 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-06T23:51:05.349Z · 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
0.63
mk+10s bps
0.75
spread bps
0.89
fills/hr
88.4
strict fills
531
marginal
0
replaces
918
capture $
3.370
inv now $
300
mkt $/hr
$4,628,385
15% clip cap
$7852
COINsession gate
capture bps
0.94
mk+10s bps
0.39
spread bps
4.35
fills/hr
105.2
strict fills
632
marginal
4
replaces
1135
capture $
5.931
inv now $
0
mkt $/hr
$66,795
15% clip cap
$95
ORCLsession gate
capture bps
2.24
mk+10s bps
-1.69
spread bps
2.77
fills/hr
15.8
strict fills
95
marginal
1
replaces
406
capture $
2.132
inv now $
0
mkt $/hr
$13,932
15% clip cap
$132
AAPLsession gate
capture bps
0.61
mk+10s bps
0.51
spread bps
1.79
fills/hr
72.4
strict fills
435
marginal
3
replaces
469
capture $
2.655
inv now $
-200
mkt $/hr
$366,242
15% clip cap
$758
SUI
capture bps
-1.58
mk+10s bps
-8.49
spread bps
3.24
fills/hr
51.6
strict fills
310
marginal
1
replaces
1099
capture $
-4.907
inv now $
100
mkt $/hr
$18,197
15% clip cap
$53
NEAR
capture bps
0.04
mk+10s bps
-1.95
spread bps
3.95
fills/hr
240.8
strict fills
1446
marginal
5
replaces
2374
capture $
0.622
inv now $
300
mkt $/hr
$192,392
15% clip cap
$120

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 | 0.89 | 531 | 0 | 88.4 | 918 | 3.370 | 0.63 | 0.75 | 300 | $4,628,385 | $7852 |
| COIN ⏰ | 4.35 | 632 | 4 | 105.2 | 1135 | 5.931 | 0.94 | 0.39 | 0 | $66,795 | $95 |
| ORCL ⏰ | 2.77 | 95 | 1 | 15.8 | 406 | 2.132 | 2.24 | -1.69 | 0 | $13,932 | $132 |
| AAPL ⏰ | 1.79 | 435 | 3 | 72.4 | 469 | 2.655 | 0.61 | 0.51 | -200 | $366,242 | $758 |
| SUI | 3.24 | 310 | 1 | 51.6 | 1099 | -4.907 | -1.58 | -8.49 | 100 | $18,197 | $53 |
| NEAR | 3.95 | 1446 | 5 | 240.8 | 2374 | 0.622 | 0.04 | -1.95 | 300 | $192,392 | $120 |

⏰ = 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 525hyperliquid 0local 6
COIN
binance 0hyperliquid 0local 636
ORCL
binance 0hyperliquid 0local 96
AAPL
binance 0hyperliquid 0local 438
SUI
binance 311hyperliquid 0local 0
NEAR
binance 1450hyperliquid 1local 0

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

SHEIN
spread bps
36.88
ratio
27.19
trades/min
0.0 (thin)
vol1s bps
1.36
ORCL
spread bps
4.13
ratio
13.18
trades/min
1.4 (thin)
vol1s bps
0.31
GOOGL
spread bps
2.30
ratio
12.40
trades/min
25.3
vol1s bps
0.19
QBTS
spread bps
60.14
ratio
12.22
trades/min
0.1 (thin)
vol1s bps
4.92
CLSK
spread bps
46.14
ratio
9.32
trades/min
0.1 (thin)
vol1s bps
4.95
BABA
spread bps
4.58
ratio
7.93
trades/min
0.4 (thin)
vol1s bps
0.58
RGTI
spread bps
51.41
ratio
7.84
trades/min
0.1 (thin)
vol1s bps
6.56
INTC
spread bps
4.43
ratio
7.48
trades/min
3.2
vol1s bps
0.59
LUNR
spread bps
47.75
ratio
7.33
trades/min
0.2 (thin)
vol1s bps
6.51
WULF
spread bps
37.35
ratio
6.82
trades/min
0.0 (thin)
vol1s bps
5.48
CRCL
spread bps
2.97
ratio
6.74
trades/min
11.2
vol1s bps
0.44
ANSEM
spread bps
59.27
ratio
5.83
trades/min
0.6 (thin)
vol1s bps
10.17

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 36.88 | 1.36 | 27.19 | 0.0 (thin) |
| ORCL | 4.13 | 0.31 | 13.18 | 1.4 (thin) |
| GOOGL | 2.30 | 0.19 | 12.40 | 25.3 |
| QBTS | 60.14 | 4.92 | 12.22 | 0.1 (thin) |
| CLSK | 46.14 | 4.95 | 9.32 | 0.1 (thin) |
| BABA | 4.58 | 0.58 | 7.93 | 0.4 (thin) |
| RGTI | 51.41 | 6.56 | 7.84 | 0.1 (thin) |
| INTC | 4.43 | 0.59 | 7.48 | 3.2 |
| LUNR | 47.75 | 6.51 | 7.33 | 0.2 (thin) |
| WULF | 37.35 | 5.48 | 6.82 | 0.0 (thin) |
| CRCL | 2.97 | 0.44 | 6.74 | 11.2 |
| ANSEM | 59.27 | 10.17 | 5.83 | 0.6 (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.