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 8, 00:19 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-07T18:19:21.857Z · 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
0.55
mk+10s bps
—
spread bps
0.95
fills/hr
5.5
strict fills
33
marginal
0
replaces
333
capture $
0.182
inv now $
300
mkt $/hr
$2,821,758
15% clip cap
$76982
COINsession gate
capture bps
0.97
mk+10s bps
0.33
spread bps
4.46
fills/hr
35.2
strict fills
211
marginal
9
replaces
328
capture $
2.039
inv now $
0
mkt $/hr
$29,389
15% clip cap
$125
ORCLsession gate
capture bps
0.77
mk+10s bps
-1.85
spread bps
4.86
fills/hr
22.2
strict fills
133
marginal
5
replaces
281
capture $
1.026
inv now $
0
mkt $/hr
$34,330
15% clip cap
$232
AAPLsession gate
capture bps
0.67
mk+10s bps
0.49
spread bps
0.89
fills/hr
65.0
strict fills
390
marginal
7
replaces
413
capture $
2.595
inv now $
-100
mkt $/hr
$256,802
15% clip cap
$593
SUI
capture bps
4.27
mk+10s bps
-3.51
spread bps
2.89
fills/hr
20.8
strict fills
125
marginal
2
replaces
952
capture $
5.338
inv now $
100
mkt $/hr
$16,558
15% clip cap
$119
NEAR
capture bps
1.06
mk+10s bps
-2.02
spread bps
2.43
fills/hr
115.0
strict fills
690
marginal
5
replaces
1988
capture $
7.309
inv now $
300
mkt $/hr
$312,178
15% clip cap
$407

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 | 0.95 | 33 | 0 | 5.5 | 333 | 0.182 | 0.55 | — | 300 | $2,821,758 | $76982 |
| COIN ⏰ | 4.46 | 211 | 9 | 35.2 | 328 | 2.039 | 0.97 | 0.33 | 0 | $29,389 | $125 |
| ORCL ⏰ | 4.86 | 133 | 5 | 22.2 | 281 | 1.026 | 0.77 | -1.85 | 0 | $34,330 | $232 |
| AAPL ⏰ | 0.89 | 390 | 7 | 65.0 | 413 | 2.595 | 0.67 | 0.49 | -100 | $256,802 | $593 |
| SUI | 2.89 | 125 | 2 | 20.8 | 952 | 5.338 | 4.27 | -3.51 | 100 | $16,558 | $119 |
| NEAR | 2.43 | 690 | 5 | 115.0 | 1988 | 7.309 | 1.06 | -2.02 | 300 | $312,178 | $407 |

⏰ = 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 24hyperliquid 0local 9
COIN
binance 0hyperliquid 0local 220
ORCL
binance 0hyperliquid 0local 138
AAPL
binance 0hyperliquid 0local 397
SUI
binance 123hyperliquid 4local 0
NEAR
binance 695hyperliquid 0local 0

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

SHEIN
spread bps
45.29
ratio
90.38
trades/min
0.0 (thin)
vol1s bps
0.50
LUNR
spread bps
114.49
ratio
26.21
trades/min
0.6 (thin)
vol1s bps
4.37
RGTI
spread bps
51.39
ratio
9.63
trades/min
0.1 (thin)
vol1s bps
5.34
QBTS
spread bps
59.89
ratio
9.10
trades/min
0.1 (thin)
vol1s bps
6.58
AMC
spread bps
24.71
ratio
8.27
trades/min
0.5 (thin)
vol1s bps
2.99
WULF
spread bps
29.55
ratio
6.53
trades/min
0.0 (thin)
vol1s bps
4.53
CLSK
spread bps
39.02
ratio
6.38
trades/min
0.1 (thin)
vol1s bps
6.11
SOFI
spread bps
17.26
ratio
5.97
trades/min
0.0 (thin)
vol1s bps
2.89
ANSEM
spread bps
68.94
ratio
5.27
trades/min
1.2 (thin)
vol1s bps
13.08
CASHCAT
spread bps
23.91
ratio
5.10
trades/min
1.8
vol1s bps
4.69
BABA
spread bps
2.81
ratio
4.98
trades/min
1.7
vol1s bps
0.56
AI
spread bps
226.69
ratio
4.70
trades/min
0.2 (thin)
vol1s bps
48.25

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 45.29 | 0.50 | 90.38 | 0.0 (thin) |
| LUNR | 114.49 | 4.37 | 26.21 | 0.6 (thin) |
| RGTI | 51.39 | 5.34 | 9.63 | 0.1 (thin) |
| QBTS | 59.89 | 6.58 | 9.10 | 0.1 (thin) |
| AMC | 24.71 | 2.99 | 8.27 | 0.5 (thin) |
| WULF | 29.55 | 4.53 | 6.53 | 0.0 (thin) |
| CLSK | 39.02 | 6.11 | 6.38 | 0.1 (thin) |
| SOFI | 17.26 | 2.89 | 5.97 | 0.0 (thin) |
| ANSEM | 68.94 | 13.08 | 5.27 | 1.2 (thin) |
| CASHCAT | 23.91 | 4.69 | 5.10 | 1.8 |
| BABA | 2.81 | 0.56 | 4.98 | 1.7 |
| AI | 226.69 | 48.25 | 4.70 | 0.2 (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.