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, 11:57 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-07T05:57:16.854Z · 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
0.50
mk+10s bps
-0.59
spread bps
1.18
fills/hr
163.1
strict fills
979
marginal
0
replaces
1398
capture $
4.878
inv now $
300
mkt $/hr
$3,789,488
15% clip cap
$3485
COINsession gate
capture bps
1.53
mk+10s bps
0.81
spread bps
0.55
fills/hr
121.0
strict fills
726
marginal
14
replaces
1189
capture $
11.088
inv now $
200
mkt $/hr
$72,083
15% clip cap
$89
ORCLsession gate
capture bps
0.15
mk+10s bps
-2.68
spread bps
5.62
fills/hr
28.2
strict fills
169
marginal
4
replaces
518
capture $
0.249
inv now $
300
mkt $/hr
$20,003
15% clip cap
$107
AAPLsession gate
capture bps
0.70
mk+10s bps
0.65
spread bps
2.38
fills/hr
282.1
strict fills
1693
marginal
9
replaces
1795
capture $
11.784
inv now $
0
mkt $/hr
$733,818
15% clip cap
$390
SUI
capture bps
-1.91
mk+10s bps
1.21
spread bps
4.64
fills/hr
35.7
strict fills
214
marginal
1
replaces
908
capture $
-4.085
inv now $
-100
mkt $/hr
$21,184
15% clip cap
$89
NEAR
capture bps
0.40
mk+10s bps
-2.18
spread bps
4.78
fills/hr
90.0
strict fills
540
marginal
3
replaces
1453
capture $
2.146
inv now $
300
mkt $/hr
$183,330
15% clip cap
$306

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 | 1.18 | 979 | 0 | 163.1 | 1398 | 4.878 | 0.50 | -0.59 | 300 | $3,789,488 | $3485 |
| COIN ⏰ | 0.55 | 726 | 14 | 121.0 | 1189 | 11.088 | 1.53 | 0.81 | 200 | $72,083 | $89 |
| ORCL ⏰ | 5.62 | 169 | 4 | 28.2 | 518 | 0.249 | 0.15 | -2.68 | 300 | $20,003 | $107 |
| AAPL ⏰ | 2.38 | 1693 | 9 | 282.1 | 1795 | 11.784 | 0.70 | 0.65 | 0 | $733,818 | $390 |
| SUI | 4.64 | 214 | 1 | 35.7 | 908 | -4.085 | -1.91 | 1.21 | -100 | $21,184 | $89 |
| NEAR | 4.78 | 540 | 3 | 90.0 | 1453 | 2.146 | 0.40 | -2.18 | 300 | $183,330 | $306 |

⏰ = 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 973hyperliquid 0local 6
COIN
binance 0hyperliquid 0local 740
ORCL
binance 0hyperliquid 0local 173
AAPL
binance 0hyperliquid 0local 1702
SUI
binance 214hyperliquid 1local 0
NEAR
binance 543hyperliquid 0local 0

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

AI
spread bps
265.05
ratio
47.31
trades/min
0.6 (thin)
vol1s bps
5.60
WULF
spread bps
111.93
ratio
47.04
trades/min
0.1 (thin)
vol1s bps
2.38
USO
spread bps
9.63
ratio
15.52
trades/min
0.3 (thin)
vol1s bps
0.62
CLSK
spread bps
52.47
ratio
9.03
trades/min
0.0 (thin)
vol1s bps
5.81
LUNR
spread bps
59.11
ratio
8.99
trades/min
0.1 (thin)
vol1s bps
6.58
RGTI
spread bps
52.18
ratio
8.03
trades/min
0.1 (thin)
vol1s bps
6.50
CRWV
spread bps
5.47
ratio
7.81
trades/min
2.1
vol1s bps
0.70
AMC
spread bps
12.65
ratio
7.00
trades/min
0.2 (thin)
vol1s bps
1.81
QBTS
spread bps
55.81
ratio
5.94
trades/min
0.1 (thin)
vol1s bps
9.40
TSLA
spread bps
1.85
ratio
5.56
trades/min
7.2
vol1s bps
0.33
GOOGL
spread bps
1.44
ratio
4.47
trades/min
12.3
vol1s bps
0.32
TSM
spread bps
3.94
ratio
4.36
trades/min
2.7
vol1s bps
0.90

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| AI | 265.05 | 5.60 | 47.31 | 0.6 (thin) |
| WULF | 111.93 | 2.38 | 47.04 | 0.1 (thin) |
| USO | 9.63 | 0.62 | 15.52 | 0.3 (thin) |
| CLSK | 52.47 | 5.81 | 9.03 | 0.0 (thin) |
| LUNR | 59.11 | 6.58 | 8.99 | 0.1 (thin) |
| RGTI | 52.18 | 6.50 | 8.03 | 0.1 (thin) |
| CRWV | 5.47 | 0.70 | 7.81 | 2.1 |
| AMC | 12.65 | 1.81 | 7.00 | 0.2 (thin) |
| QBTS | 55.81 | 9.40 | 5.94 | 0.1 (thin) |
| TSLA | 1.85 | 0.33 | 5.56 | 7.2 |
| GOOGL | 1.44 | 0.32 | 4.47 | 12.3 |
| TSM | 3.94 | 0.90 | 4.36 | 2.7 |

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.