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, 22:12 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-08T16:12:09.209Z · 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
1.03
mk+10s bps
—
spread bps
0.97
fills/hr
52.8
strict fills
317
marginal
0
replaces
952
capture $
3.269
inv now $
300
mkt $/hr
$5,145,877
15% clip cap
$14630
COINsession gate
capture bps
-0.35
mk+10s bps
0.51
spread bps
4.03
fills/hr
18.1
strict fills
109
marginal
1
replaces
171
capture $
-0.378
inv now $
200
mkt $/hr
$13,079
15% clip cap
$108
ORCLsession gate
capture bps
1.49
mk+10s bps
-1.75
spread bps
3.67
fills/hr
7.7
strict fills
46
marginal
4
replaces
110
capture $
0.685
inv now $
200
mkt $/hr
$9,690
15% clip cap
$190
AAPLsession gate
capture bps
0.72
mk+10s bps
0.70
spread bps
1.76
fills/hr
54.4
strict fills
327
marginal
2
replaces
332
capture $
2.346
inv now $
-100
mkt $/hr
$201,397
15% clip cap
$555
SUI
capture bps
-0.50
mk+10s bps
-4.00
spread bps
3.70
fills/hr
74.1
strict fills
445
marginal
2
replaces
1751
capture $
-2.226
inv now $
300
mkt $/hr
$32,840
15% clip cap
$67
NEAR
capture bps
-0.74
mk+10s bps
-2.97
spread bps
5.27
fills/hr
451.9
strict fills
2715
marginal
14
replaces
4254
capture $
-19.961
inv now $
300
mkt $/hr
$942,462
15% clip cap
$313

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 | 0.97 | 317 | 0 | 52.8 | 952 | 3.269 | 1.03 | — | 300 | $5,145,877 | $14630 |
| COIN ⏰ | 4.03 | 109 | 1 | 18.1 | 171 | -0.378 | -0.35 | 0.51 | 200 | $13,079 | $108 |
| ORCL ⏰ | 3.67 | 46 | 4 | 7.7 | 110 | 0.685 | 1.49 | -1.75 | 200 | $9,690 | $190 |
| AAPL ⏰ | 1.76 | 327 | 2 | 54.4 | 332 | 2.346 | 0.72 | 0.70 | -100 | $201,397 | $555 |
| SUI | 3.70 | 445 | 2 | 74.1 | 1751 | -2.226 | -0.50 | -4.00 | 300 | $32,840 | $67 |
| NEAR | 5.27 | 2715 | 14 | 451.9 | 4254 | -19.961 | -0.74 | -2.97 | 300 | $942,462 | $313 |

⏰ = 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 308hyperliquid 0local 9
COIN
binance 0hyperliquid 0local 110
ORCL
binance 0hyperliquid 0local 50
AAPL
binance 0hyperliquid 0local 329
SUI
binance 447hyperliquid 0local 0
NEAR
binance 2729hyperliquid 0local 0

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

QBTS
spread bps
57.04
ratio
21.74
trades/min
0.1 (thin)
vol1s bps
2.62
LUNR
spread bps
61.77
ratio
12.62
trades/min
0.8 (thin)
vol1s bps
4.89
RGTI
spread bps
48.54
ratio
9.28
trades/min
0.1 (thin)
vol1s bps
5.23
SOFI
spread bps
18.90
ratio
8.16
trades/min
0.1 (thin)
vol1s bps
2.31
USO
spread bps
8.02
ratio
6.08
trades/min
1.2 (thin)
vol1s bps
1.32
SLV
spread bps
5.28
ratio
5.91
trades/min
0.8 (thin)
vol1s bps
0.89
CRWV
spread bps
7.13
ratio
4.04
trades/min
0.8 (thin)
vol1s bps
1.77
ORCL
spread bps
3.54
ratio
3.79
trades/min
3.7
vol1s bps
0.94
AI
spread bps
708.24
ratio
3.76
trades/min
0.2 (thin)
vol1s bps
188.25
TSM
spread bps
5.17
ratio
3.71
trades/min
1.0 (thin)
vol1s bps
1.40
ASTS
spread bps
12.21
ratio
3.55
trades/min
0.1 (thin)
vol1s bps
3.44
META
spread bps
3.75
ratio
3.52
trades/min
6.1
vol1s bps
1.06

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| QBTS | 57.04 | 2.62 | 21.74 | 0.1 (thin) |
| LUNR | 61.77 | 4.89 | 12.62 | 0.8 (thin) |
| RGTI | 48.54 | 5.23 | 9.28 | 0.1 (thin) |
| SOFI | 18.90 | 2.31 | 8.16 | 0.1 (thin) |
| USO | 8.02 | 1.32 | 6.08 | 1.2 (thin) |
| SLV | 5.28 | 0.89 | 5.91 | 0.8 (thin) |
| CRWV | 7.13 | 1.77 | 4.04 | 0.8 (thin) |
| ORCL | 3.54 | 0.94 | 3.79 | 3.7 |
| AI | 708.24 | 188.25 | 3.76 | 0.2 (thin) |
| TSM | 5.17 | 1.40 | 3.71 | 1.0 (thin) |
| ASTS | 12.21 | 3.44 | 3.55 | 0.1 (thin) |
| META | 3.75 | 1.06 | 3.52 | 6.1 |

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.