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, 10:44 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-10T04:43:51.109Z · 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
2.78
mk+10s bps
—
spread bps
0.91
fills/hr
2.8
strict fills
17
marginal
0
replaces
146
capture $
0.472
inv now $
300
mkt $/hr
$2,458,662
15% clip cap
$130269
COINsession gate
capture bps
0.72
mk+10s bps
0.42
spread bps
2.76
fills/hr
64.4
strict fills
387
marginal
11
replaces
522
capture $
2.781
inv now $
-200
mkt $/hr
$35,104
15% clip cap
$82
ORCLsession gate
capture bps
0.72
mk+10s bps
0.36
spread bps
4.24
fills/hr
29.1
strict fills
175
marginal
4
replaces
235
capture $
1.258
inv now $
300
mkt $/hr
$14,546
15% clip cap
$75
AAPLsession gate
capture bps
0.79
mk+10s bps
0.72
spread bps
0.30
fills/hr
78.3
strict fills
470
marginal
12
replaces
491
capture $
3.721
inv now $
0
mkt $/hr
$1,094,258
15% clip cap
$2097
SUI
capture bps
2.72
mk+10s bps
-2.23
spread bps
3.32
fills/hr
35.8
strict fills
215
marginal
0
replaces
984
capture $
5.851
inv now $
300
mkt $/hr
$47,429
15% clip cap
$199
NEAR
capture bps
0.29
mk+10s bps
-1.61
spread bps
4.18
fills/hr
134.1
strict fills
805
marginal
2
replaces
1658
capture $
2.303
inv now $
300
mkt $/hr
$305,920
15% clip cap
$342

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 | 0.91 | 17 | 0 | 2.8 | 146 | 0.472 | 2.78 | — | 300 | $2,458,662 | $130269 |
| COIN ⏰ | 2.76 | 387 | 11 | 64.4 | 522 | 2.781 | 0.72 | 0.42 | -200 | $35,104 | $82 |
| ORCL ⏰ | 4.24 | 175 | 4 | 29.1 | 235 | 1.258 | 0.72 | 0.36 | 300 | $14,546 | $75 |
| AAPL ⏰ | 0.30 | 470 | 12 | 78.3 | 491 | 3.721 | 0.79 | 0.72 | 0 | $1,094,258 | $2097 |
| SUI | 3.32 | 215 | 0 | 35.8 | 984 | 5.851 | 2.72 | -2.23 | 300 | $47,429 | $199 |
| NEAR | 4.18 | 805 | 2 | 134.1 | 1658 | 2.303 | 0.29 | -1.61 | 300 | $305,920 | $342 |

⏰ = 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 6hyperliquid 0local 11
COIN
binance 0hyperliquid 0local 398
ORCL
binance 0hyperliquid 0local 179
AAPL
binance 0hyperliquid 0local 482
SUI
binance 215hyperliquid 0local 0
NEAR
binance 807hyperliquid 0local 0

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

CLSK
spread bps
83.21
ratio
51.74
trades/min
0.1 (thin)
vol1s bps
1.61
TSM
spread bps
7.71
ratio
36.84
trades/min
0.6 (thin)
vol1s bps
0.21
SLV
spread bps
24.55
ratio
33.70
trades/min
0.6 (thin)
vol1s bps
0.73
ORCL
spread bps
3.53
ratio
13.99
trades/min
2.1
vol1s bps
0.25
SOFI
spread bps
12.68
ratio
12.62
trades/min
0.0 (thin)
vol1s bps
1.01
CRWV
spread bps
6.04
ratio
8.18
trades/min
0.2 (thin)
vol1s bps
0.74
SGOV
spread bps
1.99
ratio
7.97
trades/min
0.2 (thin)
vol1s bps
0.25
USAR
spread bps
4.75
ratio
7.51
trades/min
0.0 (thin)
vol1s bps
0.63
AMC
spread bps
11.73
ratio
6.95
trades/min
1.4 (thin)
vol1s bps
1.69
MU
spread bps
2.90
ratio
6.93
trades/min
2.5
vol1s bps
0.42
BE
spread bps
5.00
ratio
6.48
trades/min
0.4 (thin)
vol1s bps
0.77
SMCI
spread bps
8.62
ratio
5.96
trades/min
0.2 (thin)
vol1s bps
1.45

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| CLSK | 83.21 | 1.61 | 51.74 | 0.1 (thin) |
| TSM | 7.71 | 0.21 | 36.84 | 0.6 (thin) |
| SLV | 24.55 | 0.73 | 33.70 | 0.6 (thin) |
| ORCL | 3.53 | 0.25 | 13.99 | 2.1 |
| SOFI | 12.68 | 1.01 | 12.62 | 0.0 (thin) |
| CRWV | 6.04 | 0.74 | 8.18 | 0.2 (thin) |
| SGOV | 1.99 | 0.25 | 7.97 | 0.2 (thin) |
| USAR | 4.75 | 0.63 | 7.51 | 0.0 (thin) |
| AMC | 11.73 | 1.69 | 6.95 | 1.4 (thin) |
| MU | 2.90 | 0.42 | 6.93 | 2.5 |
| BE | 5.00 | 0.77 | 6.48 | 0.4 (thin) |
| SMCI | 8.62 | 1.45 | 5.96 | 0.2 (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.