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, 16:08 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-08T10:08:46.604Z · 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
-0.78
mk+10s bps
-1.13
spread bps
0.69
fills/hr
142.8
strict fills
857
marginal
0
replaces
1609
capture $
-6.727
inv now $
300
mkt $/hr
$7,462,073
15% clip cap
$7838
COINsession gate
capture bps
0.47
mk+10s bps
-0.15
spread bps
2.85
fills/hr
65.2
strict fills
391
marginal
4
replaces
619
capture $
1.831
inv now $
0
mkt $/hr
$108,324
15% clip cap
$249
ORCLsession gate
capture bps
0.87
mk+10s bps
0.23
spread bps
5.63
fills/hr
103.5
strict fills
621
marginal
13
replaces
797
capture $
5.418
inv now $
0
mkt $/hr
$147,811
15% clip cap
$214
AAPLsession gate
capture bps
0.77
mk+10s bps
0.68
spread bps
2.37
fills/hr
144.1
strict fills
865
marginal
7
replaces
911
capture $
6.633
inv now $
0
mkt $/hr
$278,970
15% clip cap
$290
SUI
capture bps
-1.07
mk+10s bps
-4.43
spread bps
5.65
fills/hr
135.8
strict fills
815
marginal
2
replaces
2003
capture $
-8.755
inv now $
100
mkt $/hr
$106,584
15% clip cap
$118
NEAR
capture bps
-1.94
mk+10s bps
-3.65
spread bps
4.75
fills/hr
338.8
strict fills
2033
marginal
12
replaces
3313
capture $
-39.483
inv now $
300
mkt $/hr
$1,326,789
15% clip cap
$587

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 | 0.69 | 857 | 0 | 142.8 | 1609 | -6.727 | -0.78 | -1.13 | 300 | $7,462,073 | $7838 |
| COIN ⏰ | 2.85 | 391 | 4 | 65.2 | 619 | 1.831 | 0.47 | -0.15 | 0 | $108,324 | $249 |
| ORCL ⏰ | 5.63 | 621 | 13 | 103.5 | 797 | 5.418 | 0.87 | 0.23 | 0 | $147,811 | $214 |
| AAPL ⏰ | 2.37 | 865 | 7 | 144.1 | 911 | 6.633 | 0.77 | 0.68 | 0 | $278,970 | $290 |
| SUI | 5.65 | 815 | 2 | 135.8 | 2003 | -8.755 | -1.07 | -4.43 | 100 | $106,584 | $118 |
| NEAR | 4.75 | 2033 | 12 | 338.8 | 3313 | -39.483 | -1.94 | -3.65 | 300 | $1,326,789 | $587 |

⏰ = 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 848hyperliquid 0local 9
COIN
binance 0hyperliquid 0local 395
ORCL
binance 0hyperliquid 0local 634
AAPL
binance 0hyperliquid 0local 872
SUI
binance 817hyperliquid 0local 0
NEAR
binance 2045hyperliquid 0local 0

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

WULF
spread bps
156.82
ratio
63.27
trades/min
0.3 (thin)
vol1s bps
2.48
LUNR
spread bps
72.38
ratio
16.07
trades/min
0.1 (thin)
vol1s bps
4.50
RGTI
spread bps
54.32
ratio
12.96
trades/min
0.0 (thin)
vol1s bps
4.19
CLSK
spread bps
64.79
ratio
11.77
trades/min
0.0 (thin)
vol1s bps
5.51
SMCI
spread bps
8.58
ratio
10.96
trades/min
0.2 (thin)
vol1s bps
0.78
USAR
spread bps
12.97
ratio
10.03
trades/min
1.5 (thin)
vol1s bps
1.29
QBTS
spread bps
59.59
ratio
9.15
trades/min
0.1 (thin)
vol1s bps
6.51
ANSEM
spread bps
70.14
ratio
8.40
trades/min
0.2 (thin)
vol1s bps
8.35
GOOGL
spread bps
2.01
ratio
5.75
trades/min
18.6
vol1s bps
0.35
AI
spread bps
262.19
ratio
5.73
trades/min
0.1 (thin)
vol1s bps
45.77
SNDK
spread bps
2.39
ratio
5.66
trades/min
30.3
vol1s bps
0.42
BE
spread bps
6.65
ratio
5.13
trades/min
0.7 (thin)
vol1s bps
1.30

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 156.82 | 2.48 | 63.27 | 0.3 (thin) |
| LUNR | 72.38 | 4.50 | 16.07 | 0.1 (thin) |
| RGTI | 54.32 | 4.19 | 12.96 | 0.0 (thin) |
| CLSK | 64.79 | 5.51 | 11.77 | 0.0 (thin) |
| SMCI | 8.58 | 0.78 | 10.96 | 0.2 (thin) |
| USAR | 12.97 | 1.29 | 10.03 | 1.5 (thin) |
| QBTS | 59.59 | 6.51 | 9.15 | 0.1 (thin) |
| ANSEM | 70.14 | 8.35 | 8.40 | 0.2 (thin) |
| GOOGL | 2.01 | 0.35 | 5.75 | 18.6 |
| AI | 262.19 | 45.77 | 5.73 | 0.1 (thin) |
| SNDK | 2.39 | 0.42 | 5.66 | 30.3 |
| BE | 6.65 | 1.30 | 5.13 | 0.7 (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.