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, 16:24 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-09T10:23:50.357Z · 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
0.59
mk+10s bps
-0.49
spread bps
1.02
fills/hr
72.8
strict fills
437
marginal
0
replaces
1078
capture $
2.581
inv now $
300
mkt $/hr
$5,652,261
15% clip cap
$11650
COINsession gate
capture bps
0.38
mk+10s bps
0.01
spread bps
3.42
fills/hr
50.5
strict fills
303
marginal
11
replaces
549
capture $
1.159
inv now $
0
mkt $/hr
$30,070
15% clip cap
$89
ORCLsession gate
capture bps
-1.47
mk+10s bps
-2.09
spread bps
2.92
fills/hr
13.8
strict fills
83
marginal
0
replaces
273
capture $
-1.222
inv now $
0
mkt $/hr
$19,780
15% clip cap
$215
AAPLsession gate
capture bps
0.57
mk+10s bps
0.28
spread bps
3.02
fills/hr
165.9
strict fills
996
marginal
9
replaces
1183
capture $
5.711
inv now $
0
mkt $/hr
$364,725
15% clip cap
$330
SUI
capture bps
1.75
mk+10s bps
-1.51
spread bps
3.67
fills/hr
36.0
strict fills
216
marginal
2
replaces
1367
capture $
3.785
inv now $
0
mkt $/hr
$26,407
15% clip cap
$110
NEAR
capture bps
-1.26
mk+10s bps
-0.97
spread bps
2.95
fills/hr
144.9
strict fills
870
marginal
9
replaces
2249
capture $
-10.992
inv now $
300
mkt $/hr
$360,886
15% clip cap
$374

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 | 1.02 | 437 | 0 | 72.8 | 1078 | 2.581 | 0.59 | -0.49 | 300 | $5,652,261 | $11650 |
| COIN ⏰ | 3.42 | 303 | 11 | 50.5 | 549 | 1.159 | 0.38 | 0.01 | 0 | $30,070 | $89 |
| ORCL ⏰ | 2.92 | 83 | 0 | 13.8 | 273 | -1.222 | -1.47 | -2.09 | 0 | $19,780 | $215 |
| AAPL ⏰ | 3.02 | 996 | 9 | 165.9 | 1183 | 5.711 | 0.57 | 0.28 | 0 | $364,725 | $330 |
| SUI | 3.67 | 216 | 2 | 36.0 | 1367 | 3.785 | 1.75 | -1.51 | 0 | $26,407 | $110 |
| NEAR | 2.95 | 870 | 9 | 144.9 | 2249 | -10.992 | -1.26 | -0.97 | 300 | $360,886 | $374 |

⏰ = 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 419hyperliquid 0local 18
COIN
binance 0hyperliquid 0local 314
ORCL
binance 0hyperliquid 0local 83
AAPL
binance 0hyperliquid 0local 1005
SUI
binance 218hyperliquid 0local 0
NEAR
binance 879hyperliquid 0local 0

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

WULF
spread bps
46.65
ratio
18.26
trades/min
0.1 (thin)
vol1s bps
2.55
USAR
spread bps
14.00
ratio
16.63
trades/min
0.2 (thin)
vol1s bps
0.84
CLSK
spread bps
39.75
ratio
12.77
trades/min
0.0 (thin)
vol1s bps
3.11
QBTS
spread bps
59.75
ratio
11.57
trades/min
0.1 (thin)
vol1s bps
5.17
SOFI
spread bps
13.97
ratio
8.39
trades/min
0.0 (thin)
vol1s bps
1.66
LUNR
spread bps
62.66
ratio
7.97
trades/min
0.1 (thin)
vol1s bps
7.86
IREN
spread bps
11.94
ratio
7.95
trades/min
0.2 (thin)
vol1s bps
1.50
AMC
spread bps
14.69
ratio
7.65
trades/min
0.3 (thin)
vol1s bps
1.92
USO
spread bps
11.60
ratio
7.09
trades/min
0.6 (thin)
vol1s bps
1.64
MU
spread bps
3.32
ratio
6.68
trades/min
5.3
vol1s bps
0.50
SLV
spread bps
4.22
ratio
6.38
trades/min
0.5 (thin)
vol1s bps
0.66
RGTI
spread bps
69.42
ratio
6.17
trades/min
0.0 (thin)
vol1s bps
11.26

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 46.65 | 2.55 | 18.26 | 0.1 (thin) |
| USAR | 14.00 | 0.84 | 16.63 | 0.2 (thin) |
| CLSK | 39.75 | 3.11 | 12.77 | 0.0 (thin) |
| QBTS | 59.75 | 5.17 | 11.57 | 0.1 (thin) |
| SOFI | 13.97 | 1.66 | 8.39 | 0.0 (thin) |
| LUNR | 62.66 | 7.86 | 7.97 | 0.1 (thin) |
| IREN | 11.94 | 1.50 | 7.95 | 0.2 (thin) |
| AMC | 14.69 | 1.92 | 7.65 | 0.3 (thin) |
| USO | 11.60 | 1.64 | 7.09 | 0.6 (thin) |
| MU | 3.32 | 0.50 | 6.68 | 5.3 |
| SLV | 4.22 | 0.66 | 6.38 | 0.5 (thin) |
| RGTI | 69.42 | 11.26 | 6.17 | 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.