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 9, 10:19 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-09T04:19:47.508Z · 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
1.76
mk+10s bps
—
spread bps
0.65
fills/hr
5.8
strict fills
35
marginal
0
replaces
316
capture $
0.615
inv now $
300
mkt $/hr
$2,409,129
15% clip cap
$61977
COINsession gate
capture bps
0.97
mk+10s bps
-0.06
spread bps
4.55
fills/hr
99.8
strict fills
599
marginal
10
replaces
1025
capture $
5.831
inv now $
-300
mkt $/hr
$54,043
15% clip cap
$81
ORCLsession gate
capture bps
1.36
mk+10s bps
-0.58
spread bps
2.91
fills/hr
23.3
strict fills
140
marginal
4
replaces
463
capture $
1.905
inv now $
0
mkt $/hr
$29,614
15% clip cap
$190
AAPLsession gate
capture bps
0.58
mk+10s bps
0.00
spread bps
0.90
fills/hr
292.9
strict fills
1758
marginal
17
replaces
2019
capture $
10.135
inv now $
100
mkt $/hr
$624,064
15% clip cap
$320
SUI
capture bps
4.43
mk+10s bps
-1.55
spread bps
3.08
fills/hr
16.2
strict fills
97
marginal
2
replaces
799
capture $
4.297
inv now $
300
mkt $/hr
$20,610
15% clip cap
$191
NEAR
capture bps
0.42
mk+10s bps
-2.65
spread bps
3.13
fills/hr
319.9
strict fills
1920
marginal
11
replaces
2800
capture $
8.040
inv now $
300
mkt $/hr
$359,928
15% clip cap
$169

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 | 0.65 | 35 | 0 | 5.8 | 316 | 0.615 | 1.76 | — | 300 | $2,409,129 | $61977 |
| COIN ⏰ | 4.55 | 599 | 10 | 99.8 | 1025 | 5.831 | 0.97 | -0.06 | -300 | $54,043 | $81 |
| ORCL ⏰ | 2.91 | 140 | 4 | 23.3 | 463 | 1.905 | 1.36 | -0.58 | 0 | $29,614 | $190 |
| AAPL ⏰ | 0.90 | 1758 | 17 | 292.9 | 2019 | 10.135 | 0.58 | 0.00 | 100 | $624,064 | $320 |
| SUI | 3.08 | 97 | 2 | 16.2 | 799 | 4.297 | 4.43 | -1.55 | 300 | $20,610 | $191 |
| NEAR | 3.13 | 1920 | 11 | 319.9 | 2800 | 8.040 | 0.42 | -2.65 | 300 | $359,928 | $169 |

⏰ = 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 23hyperliquid 0local 12
COIN
binance 0hyperliquid 0local 609
ORCL
binance 0hyperliquid 0local 144
AAPL
binance 0hyperliquid 0local 1775
SUI
binance 99hyperliquid 0local 0
NEAR
binance 1929hyperliquid 2local 0

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

WULF
spread bps
165.70
ratio
64.58
trades/min
0.1 (thin)
vol1s bps
2.57
USAR
spread bps
20.27
ratio
16.14
trades/min
0.3 (thin)
vol1s bps
1.26
AMC
spread bps
25.90
ratio
12.46
trades/min
0.2 (thin)
vol1s bps
2.08
QBTS
spread bps
59.68
ratio
11.55
trades/min
0.1 (thin)
vol1s bps
5.17
CLSK
spread bps
37.04
ratio
11.26
trades/min
0.1 (thin)
vol1s bps
3.29
CRCL
spread bps
4.38
ratio
9.82
trades/min
6.3
vol1s bps
0.45
LUNR
spread bps
50.50
ratio
7.29
trades/min
0.1 (thin)
vol1s bps
6.93
SHEIN
spread bps
41.80
ratio
7.14
trades/min
0.2 (thin)
vol1s bps
5.86
SOFI
spread bps
12.71
ratio
6.74
trades/min
0.0 (thin)
vol1s bps
1.89
RGTI
spread bps
70.56
ratio
6.20
trades/min
0.1 (thin)
vol1s bps
11.37
BE
spread bps
4.64
ratio
6.11
trades/min
0.3 (thin)
vol1s bps
0.76
SUI
spread bps
3.50
ratio
4.42
trades/min
2.2
vol1s bps
0.79

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 165.70 | 2.57 | 64.58 | 0.1 (thin) |
| USAR | 20.27 | 1.26 | 16.14 | 0.3 (thin) |
| AMC | 25.90 | 2.08 | 12.46 | 0.2 (thin) |
| QBTS | 59.68 | 5.17 | 11.55 | 0.1 (thin) |
| CLSK | 37.04 | 3.29 | 11.26 | 0.1 (thin) |
| CRCL | 4.38 | 0.45 | 9.82 | 6.3 |
| LUNR | 50.50 | 6.93 | 7.29 | 0.1 (thin) |
| SHEIN | 41.80 | 5.86 | 7.14 | 0.2 (thin) |
| SOFI | 12.71 | 1.89 | 6.74 | 0.0 (thin) |
| RGTI | 70.56 | 11.37 | 6.20 | 0.1 (thin) |
| BE | 4.64 | 0.76 | 6.11 | 0.3 (thin) |
| SUI | 3.50 | 0.79 | 4.42 | 2.2 |

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.