Hyperider

Quoting study · Oct 8, 06:32 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-08T00:32:41.380Z · 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
    -1.10
    mk+10s bps
    0.03
    spread bps
    0.90
    fills/hr
    31.5
    strict fills
    189
    marginal
    0
    replaces
    659
    capture $
    -2.071
    inv now $
    300
    mkt $/hr
    $3,954,917
    15% clip cap
    $18844
  • COINsession gate
    capture bps
    0.99
    mk+10s bps
    -0.08
    spread bps
    3.95
    fills/hr
    122.1
    strict fills
    733
    marginal
    17
    replaces
    1251
    capture $
    7.237
    inv now $
    200
    mkt $/hr
    $54,721
    15% clip cap
    $67
  • ORCLsession gate
    capture bps
    -0.07
    mk+10s bps
    -1.20
    spread bps
    2.81
    fills/hr
    21.7
    strict fills
    130
    marginal
    3
    replaces
    462
    capture $
    -0.094
    inv now $
    100
    mkt $/hr
    $17,564
    15% clip cap
    $122
  • AAPLsession gate
    capture bps
    0.69
    mk+10s bps
    0.68
    spread bps
    1.49
    fills/hr
    143.2
    strict fills
    860
    marginal
    10
    replaces
    888
    capture $
    5.942
    inv now $
    200
    mkt $/hr
    $694,210
    15% clip cap
    $727
  • SUI
    capture bps
    -1.62
    mk+10s bps
    -5.02
    spread bps
    3.22
    fills/hr
    48.3
    strict fills
    290
    marginal
    1
    replaces
    1108
    capture $
    -4.687
    inv now $
    -100
    mkt $/hr
    $16,552
    15% clip cap
    $51
  • NEAR
    capture bps
    0.10
    mk+10s bps
    -4.10
    spread bps
    2.78
    fills/hr
    98.4
    strict fills
    591
    marginal
    2
    replaces
    1551
    capture $
    0.578
    inv now $
    300
    mkt $/hr
    $277,164
    15% clip cap
    $422
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 | 0.90 | 189 | 0 | 31.5 | 659 | -2.071 | -1.10 | 0.03 | 300 | $3,954,917 | $18844 |
| COIN ⏰ | 3.95 | 733 | 17 | 122.1 | 1251 | 7.237 | 0.99 | -0.08 | 200 | $54,721 | $67 |
| ORCL ⏰ | 2.81 | 130 | 3 | 21.7 | 462 | -0.094 | -0.07 | -1.20 | 100 | $17,564 | $122 |
| AAPL ⏰ | 1.49 | 860 | 10 | 143.2 | 888 | 5.942 | 0.69 | 0.68 | 200 | $694,210 | $727 |
| SUI | 3.22 | 290 | 1 | 48.3 | 1108 | -4.687 | -1.62 | -5.02 | -100 | $16,552 | $51 |
| NEAR | 2.78 | 591 | 2 | 98.4 | 1551 | 0.578 | 0.10 | -4.10 | 300 | $277,164 | $422 |

⏰ = 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 186hyperliquid 0local 3
  • COIN
    binance 0hyperliquid 0local 750
  • ORCL
    binance 0hyperliquid 0local 133
  • AAPL
    binance 0hyperliquid 0local 870
  • SUI
    binance 291hyperliquid 0local 0
  • NEAR
    binance 593hyperliquid 0local 0

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

  • SHEIN
    spread bps
    45.59
    ratio
    77.96
    trades/min
    0.0 (thin)
    vol1s bps
    0.58
  • WULF
    spread bps
    88.93
    ratio
    20.12
    trades/min
    0.0 (thin)
    vol1s bps
    4.42
  • LUNR
    spread bps
    56.02
    ratio
    12.12
    trades/min
    0.2 (thin)
    vol1s bps
    4.62
  • RGTI
    spread bps
    58.70
    ratio
    11.72
    trades/min
    0.0 (thin)
    vol1s bps
    5.01
  • USAR
    spread bps
    13.56
    ratio
    10.74
    trades/min
    0.4 (thin)
    vol1s bps
    1.26
  • QBTS
    spread bps
    60.32
    ratio
    9.26
    trades/min
    0.1 (thin)
    vol1s bps
    6.51
  • CLSK
    spread bps
    45.94
    ratio
    8.26
    trades/min
    0.0 (thin)
    vol1s bps
    5.56
  • AI
    spread bps
    384.95
    ratio
    8.24
    trades/min
    0.3 (thin)
    vol1s bps
    46.72
  • USO
    spread bps
    8.33
    ratio
    7.25
    trades/min
    0.6 (thin)
    vol1s bps
    1.15
  • NVDA
    spread bps
    2.10
    ratio
    6.35
    trades/min
    15.4
    vol1s bps
    0.33
  • CASHCAT
    spread bps
    24.19
    ratio
    6.13
    trades/min
    1.3 (thin)
    vol1s bps
    3.94
  • SOFI
    spread bps
    15.31
    ratio
    5.86
    trades/min
    0.0 (thin)
    vol1s bps
    2.61
raw table
| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 45.59 | 0.58 | 77.96 | 0.0 (thin) |
| WULF | 88.93 | 4.42 | 20.12 | 0.0 (thin) |
| LUNR | 56.02 | 4.62 | 12.12 | 0.2 (thin) |
| RGTI | 58.70 | 5.01 | 11.72 | 0.0 (thin) |
| USAR | 13.56 | 1.26 | 10.74 | 0.4 (thin) |
| QBTS | 60.32 | 6.51 | 9.26 | 0.1 (thin) |
| CLSK | 45.94 | 5.56 | 8.26 | 0.0 (thin) |
| AI | 384.95 | 46.72 | 8.24 | 0.3 (thin) |
| USO | 8.33 | 1.15 | 7.25 | 0.6 (thin) |
| NVDA | 2.10 | 0.33 | 6.35 | 15.4 |
| CASHCAT | 24.19 | 3.94 | 6.13 | 1.3 (thin) |
| SOFI | 15.31 | 2.61 | 5.86 | 0.0 (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.

Quoting study · Oct 8, 06:32 UTC · Hyperider fleet report