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 10, 04:35 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-09T22:34:54.039Z · 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
0.95
mk+10s bps
-0.93
spread bps
0.73
fills/hr
5.2
strict fills
31
marginal
0
replaces
164
capture $
0.296
inv now $
300
mkt $/hr
$1,597,395
15% clip cap
$46396
COINsession gate
capture bps
0.55
mk+10s bps
0.37
spread bps
2.21
fills/hr
92.5
strict fills
555
marginal
7
replaces
746
capture $
3.060
inv now $
200
mkt $/hr
$138,452
15% clip cap
$225
ORCLsession gate
capture bps
0.72
mk+10s bps
-0.14
spread bps
2.82
fills/hr
10.0
strict fills
60
marginal
0
replaces
124
capture $
0.430
inv now $
200
mkt $/hr
$13,339
15% clip cap
$200
AAPLsession gate
capture bps
0.73
mk+10s bps
0.70
spread bps
0.30
fills/hr
149.1
strict fills
895
marginal
8
replaces
918
capture $
6.542
inv now $
-100
mkt $/hr
$495,060
15% clip cap
$498
SUI
capture bps
0.80
mk+10s bps
-5.99
spread bps
2.86
fills/hr
23.7
strict fills
142
marginal
1
replaces
841
capture $
1.132
inv now $
300
mkt $/hr
$26,477
15% clip cap
$168
NEAR
capture bps
1.63
mk+10s bps
-0.89
spread bps
3.38
fills/hr
136.3
strict fills
818
marginal
7
replaces
1705
capture $
13.356
inv now $
300
mkt $/hr
$322,865
15% clip cap
$355

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 | 0.73 | 31 | 0 | 5.2 | 164 | 0.296 | 0.95 | -0.93 | 300 | $1,597,395 | $46396 |
| COIN ⏰ | 2.21 | 555 | 7 | 92.5 | 746 | 3.060 | 0.55 | 0.37 | 200 | $138,452 | $225 |
| ORCL ⏰ | 2.82 | 60 | 0 | 10.0 | 124 | 0.430 | 0.72 | -0.14 | 200 | $13,339 | $200 |
| AAPL ⏰ | 0.30 | 895 | 8 | 149.1 | 918 | 6.542 | 0.73 | 0.70 | -100 | $495,060 | $498 |
| SUI | 2.86 | 142 | 1 | 23.7 | 841 | 1.132 | 0.80 | -5.99 | 300 | $26,477 | $168 |
| NEAR | 3.38 | 818 | 7 | 136.3 | 1705 | 13.356 | 1.63 | -0.89 | 300 | $322,865 | $355 |

⏰ = 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 26hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 562
ORCL
binance 0hyperliquid 0local 60
AAPL
binance 0hyperliquid 0local 903
SUI
binance 142hyperliquid 1local 0
NEAR
binance 825hyperliquid 0local 0

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

CLSK
spread bps
46.69
ratio
27.60
trades/min
0.2 (thin)
vol1s bps
1.69
SLV
spread bps
18.40
ratio
23.45
trades/min
0.7 (thin)
vol1s bps
0.78
AMC
spread bps
27.92
ratio
9.28
trades/min
0.3 (thin)
vol1s bps
3.01
AMZN
spread bps
2.28
ratio
8.21
trades/min
11.1
vol1s bps
0.28
INTC
spread bps
2.87
ratio
8.19
trades/min
2.2
vol1s bps
0.35
USO
spread bps
22.26
ratio
7.24
trades/min
1.0 (thin)
vol1s bps
3.08
ORCL
spread bps
2.12
ratio
6.86
trades/min
2.0
vol1s bps
0.31
CRWV
spread bps
7.28
ratio
6.20
trades/min
0.2 (thin)
vol1s bps
1.17
BE
spread bps
4.64
ratio
5.98
trades/min
0.4 (thin)
vol1s bps
0.78
XAG
spread bps
1.64
ratio
5.55
trades/min
3.9
vol1s bps
0.30
AI
spread bps
147.53
ratio
5.35
trades/min
0.1 (thin)
vol1s bps
27.60
BABA
spread bps
2.70
ratio
5.07
trades/min
0.7 (thin)
vol1s bps
0.53

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| CLSK | 46.69 | 1.69 | 27.60 | 0.2 (thin) |
| SLV | 18.40 | 0.78 | 23.45 | 0.7 (thin) |
| AMC | 27.92 | 3.01 | 9.28 | 0.3 (thin) |
| AMZN | 2.28 | 0.28 | 8.21 | 11.1 |
| INTC | 2.87 | 0.35 | 8.19 | 2.2 |
| USO | 22.26 | 3.08 | 7.24 | 1.0 (thin) |
| ORCL | 2.12 | 0.31 | 6.86 | 2.0 |
| CRWV | 7.28 | 1.17 | 6.20 | 0.2 (thin) |
| BE | 4.64 | 0.78 | 5.98 | 0.4 (thin) |
| XAG | 1.64 | 0.30 | 5.55 | 3.9 |
| AI | 147.53 | 27.60 | 5.35 | 0.1 (thin) |
| BABA | 2.70 | 0.53 | 5.07 | 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.