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, 09:40 UTC

cut short after 2.5h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 2.53h elapsed · started 2026-10-08T06:46:52.387Z · 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
1.78
mk+10s bps
-0.59
spread bps
0.49
fills/hr
23.4
strict fills
59
marginal
0
replaces
259
capture $
1.048
inv now $
300
mkt $/hr
$3,358,396
15% clip cap
$21561
COINsession gate
capture bps
-0.08
mk+10s bps
-0.41
spread bps
5.63
fills/hr
125.5
strict fills
317
marginal
1
replaces
530
capture $
-0.258
inv now $
0
mkt $/hr
$58,310
15% clip cap
$70
ORCLsession gate
capture bps
0.33
mk+10s bps
0.19
spread bps
4.21
fills/hr
44.7
strict fills
113
marginal
4
replaces
279
capture $
0.369
inv now $
300
mkt $/hr
$49,049
15% clip cap
$164
AAPLsession gate
capture bps
0.75
mk+10s bps
0.61
spread bps
2.67
fills/hr
238.0
strict fills
601
marginal
2
replaces
658
capture $
4.502
inv now $
-100
mkt $/hr
$456,084
15% clip cap
$287
SUI
capture bps
0.57
mk+10s bps
-1.88
spread bps
4.89
fills/hr
84.7
strict fills
214
marginal
0
replaces
553
capture $
1.223
inv now $
200
mkt $/hr
$78,418
15% clip cap
$139
NEAR
capture bps
-0.95
mk+10s bps
-2.35
spread bps
0.96
fills/hr
339.0
strict fills
856
marginal
6
replaces
1260
capture $
-8.167
inv now $
200
mkt $/hr
$363,402
15% clip cap
$161

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 | 0.49 | 59 | 0 | 23.4 | 259 | 1.048 | 1.78 | -0.59 | 300 | $3,358,396 | $21561 |
| COIN ⏰ | 5.63 | 317 | 1 | 125.5 | 530 | -0.258 | -0.08 | -0.41 | 0 | $58,310 | $70 |
| ORCL ⏰ | 4.21 | 113 | 4 | 44.7 | 279 | 0.369 | 0.33 | 0.19 | 300 | $49,049 | $164 |
| AAPL ⏰ | 2.67 | 601 | 2 | 238.0 | 658 | 4.502 | 0.75 | 0.61 | -100 | $456,084 | $287 |
| SUI | 4.89 | 214 | 0 | 84.7 | 553 | 1.223 | 0.57 | -1.88 | 200 | $78,418 | $139 |
| NEAR | 0.96 | 856 | 6 | 339.0 | 1260 | -8.167 | -0.95 | -2.35 | 200 | $363,402 | $161 |

⏰ = 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 47hyperliquid 0local 12
COIN
binance 0hyperliquid 0local 318
ORCL
binance 0hyperliquid 0local 117
AAPL
binance 0hyperliquid 0local 603
SUI
binance 214hyperliquid 0local 0
NEAR
binance 862hyperliquid 0local 0

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

WULF
spread bps
189.37
ratio
73.57
trades/min
0.1 (thin)
vol1s bps
2.57
LUNR
spread bps
79.15
ratio
17.20
trades/min
0.1 (thin)
vol1s bps
4.60
RGTI
spread bps
50.16
ratio
11.49
trades/min
0.0 (thin)
vol1s bps
4.36
CLSK
spread bps
59.45
ratio
10.68
trades/min
0.0 (thin)
vol1s bps
5.56
QBTS
spread bps
60.00
ratio
9.21
trades/min
0.1 (thin)
vol1s bps
6.51
TSLA
spread bps
3.72
ratio
7.61
trades/min
8.7
vol1s bps
0.49
AI
spread bps
289.99
ratio
6.31
trades/min
0.2 (thin)
vol1s bps
45.92
USAR
spread bps
8.37
ratio
6.17
trades/min
0.4 (thin)
vol1s bps
1.36
META
spread bps
3.32
ratio
5.89
trades/min
7.5
vol1s bps
0.56
BE
spread bps
9.44
ratio
5.45
trades/min
0.2 (thin)
vol1s bps
1.73
AAPL
spread bps
1.49
ratio
5.15
trades/min
17.6
vol1s bps
0.29
ANSEM
spread bps
45.99
ratio
5.13
trades/min
0.4 (thin)
vol1s bps
8.97

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 189.37 | 2.57 | 73.57 | 0.1 (thin) |
| LUNR | 79.15 | 4.60 | 17.20 | 0.1 (thin) |
| RGTI | 50.16 | 4.36 | 11.49 | 0.0 (thin) |
| CLSK | 59.45 | 5.56 | 10.68 | 0.0 (thin) |
| QBTS | 60.00 | 6.51 | 9.21 | 0.1 (thin) |
| TSLA | 3.72 | 0.49 | 7.61 | 8.7 |
| AI | 289.99 | 45.92 | 6.31 | 0.2 (thin) |
| USAR | 8.37 | 1.36 | 6.17 | 0.4 (thin) |
| META | 3.32 | 0.56 | 5.89 | 7.5 |
| BE | 9.44 | 1.73 | 5.45 | 0.2 (thin) |
| AAPL | 1.49 | 0.29 | 5.15 | 17.6 |
| ANSEM | 45.99 | 8.97 | 5.13 | 0.4 (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. Interim — numbers move until the run completes.