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, 18:06 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-07T12:06:11.940Z · 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
0.41
mk+10s bps
-1.00
spread bps
1.33
fills/hr
102.1
strict fills
613
marginal
0
replaces
1299
capture $
2.506
inv now $
300
mkt $/hr
$7,852,879
15% clip cap
$11535
COINsession gate
capture bps
1.87
mk+10s bps
-0.18
spread bps
4.44
fills/hr
21.3
strict fills
128
marginal
1
replaces
207
capture $
2.399
inv now $
0
mkt $/hr
$20,748
15% clip cap
$146
ORCLsession gate
capture bps
2.88
mk+10s bps
-3.84
spread bps
3.51
fills/hr
10.2
strict fills
61
marginal
0
replaces
126
capture $
1.757
inv now $
0
mkt $/hr
$5,415
15% clip cap
$80
AAPLsession gate
capture bps
0.62
mk+10s bps
0.15
spread bps
2.37
fills/hr
118.3
strict fills
710
marginal
15
replaces
777
capture $
4.405
inv now $
0
mkt $/hr
$285,024
15% clip cap
$361
SUI
capture bps
-0.67
mk+10s bps
-1.22
spread bps
3.81
fills/hr
53.0
strict fills
318
marginal
1
replaces
1541
capture $
-2.120
inv now $
300
mkt $/hr
$25,858
15% clip cap
$73
NEAR
capture bps
0.62
mk+10s bps
-3.82
spread bps
3.08
fills/hr
110.9
strict fills
666
marginal
3
replaces
2272
capture $
4.137
inv now $
300
mkt $/hr
$219,407
15% clip cap
$297

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 | 1.33 | 613 | 0 | 102.1 | 1299 | 2.506 | 0.41 | -1.00 | 300 | $7,852,879 | $11535 |
| COIN ⏰ | 4.44 | 128 | 1 | 21.3 | 207 | 2.399 | 1.87 | -0.18 | 0 | $20,748 | $146 |
| ORCL ⏰ | 3.51 | 61 | 0 | 10.2 | 126 | 1.757 | 2.88 | -3.84 | 0 | $5,415 | $80 |
| AAPL ⏰ | 2.37 | 710 | 15 | 118.3 | 777 | 4.405 | 0.62 | 0.15 | 0 | $285,024 | $361 |
| SUI | 3.81 | 318 | 1 | 53.0 | 1541 | -2.120 | -0.67 | -1.22 | 300 | $25,858 | $73 |
| NEAR | 3.08 | 666 | 3 | 110.9 | 2272 | 4.137 | 0.62 | -3.82 | 300 | $219,407 | $297 |

⏰ = 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 606hyperliquid 0local 7
COIN
binance 0hyperliquid 0local 129
ORCL
binance 0hyperliquid 0local 61
AAPL
binance 0hyperliquid 0local 725
SUI
binance 318hyperliquid 1local 0
NEAR
binance 669hyperliquid 0local 0

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

USAR
spread bps
13.32
ratio
11.88
trades/min
0.2 (thin)
vol1s bps
1.12
BABA
spread bps
4.67
ratio
11.28
trades/min
0.9 (thin)
vol1s bps
0.41
IREN
spread bps
9.96
ratio
10.58
trades/min
0.1 (thin)
vol1s bps
0.94
BE
spread bps
7.72
ratio
6.74
trades/min
0.7 (thin)
vol1s bps
1.15
AMC
spread bps
19.27
ratio
6.22
trades/min
0.2 (thin)
vol1s bps
3.10
VVV
spread bps
9.12
ratio
4.02
trades/min
1.4 (thin)
vol1s bps
2.27
COIN
spread bps
4.43
ratio
3.97
trades/min
5.4
vol1s bps
1.11
USO
spread bps
9.63
ratio
3.77
trades/min
1.0 (thin)
vol1s bps
2.56
META
spread bps
4.75
ratio
3.42
trades/min
10.0
vol1s bps
1.39
AMD
spread bps
4.40
ratio
3.34
trades/min
10.5
vol1s bps
1.32
SNDK
spread bps
2.63
ratio
3.34
trades/min
35.1
vol1s bps
0.79
GOOGL
spread bps
3.17
ratio
3.26
trades/min
17.8
vol1s bps
0.97

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USAR | 13.32 | 1.12 | 11.88 | 0.2 (thin) |
| BABA | 4.67 | 0.41 | 11.28 | 0.9 (thin) |
| IREN | 9.96 | 0.94 | 10.58 | 0.1 (thin) |
| BE | 7.72 | 1.15 | 6.74 | 0.7 (thin) |
| AMC | 19.27 | 3.10 | 6.22 | 0.2 (thin) |
| VVV | 9.12 | 2.27 | 4.02 | 1.4 (thin) |
| COIN | 4.43 | 1.11 | 3.97 | 5.4 |
| USO | 9.63 | 2.56 | 3.77 | 1.0 (thin) |
| META | 4.75 | 1.39 | 3.42 | 10.0 |
| AMD | 4.40 | 1.32 | 3.34 | 10.5 |
| SNDK | 2.63 | 0.79 | 3.34 | 35.1 |
| GOOGL | 3.17 | 0.97 | 3.26 | 17.8 |

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.