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, 12:03 UTC

cut short after 1.0h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 1.01h elapsed · started 2026-10-10T10:57:08.575Z · 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
1.41
mk+10s bps
-1.41
spread bps
0.64
fills/hr
6.9
strict fills
7
marginal
0
replaces
20
capture $
0.099
inv now $
300
mkt $/hr
$1,862,645
15% clip cap
$40348
COINsession gate
capture bps
-0.22
mk+10s bps
0.08
spread bps
3.31
fills/hr
24.7
strict fills
25
marginal
0
replaces
39
capture $
-0.056
inv now $
-100
mkt $/hr
$35,641
15% clip cap
$216
ORCLsession gate
capture bps
0.92
mk+10s bps
0.39
spread bps
4.24
fills/hr
33.6
strict fills
34
marginal
0
replaces
38
capture $
0.312
inv now $
200
mkt $/hr
$7,302
15% clip cap
$33
AAPLsession gate
capture bps
0.66
mk+10s bps
0.63
spread bps
0.30
fills/hr
129.6
strict fills
131
marginal
1
replaces
138
capture $
0.864
inv now $
0
mkt $/hr
$1,270,917
15% clip cap
$1471
SUI
capture bps
0.56
mk+10s bps
-4.28
spread bps
3.12
fills/hr
38.6
strict fills
39
marginal
0
replaces
175
capture $
0.217
inv now $
300
mkt $/hr
$64,638
15% clip cap
$251
NEAR
capture bps
2.08
mk+10s bps
-2.59
spread bps
5.28
fills/hr
96.0
strict fills
97
marginal
0
replaces
243
capture $
2.013
inv now $
300
mkt $/hr
$257,684
15% clip cap
$403

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 | 0.64 | 7 | 0 | 6.9 | 20 | 0.099 | 1.41 | -1.41 | 300 | $1,862,645 | $40348 |
| COIN ⏰ | 3.31 | 25 | 0 | 24.7 | 39 | -0.056 | -0.22 | 0.08 | -100 | $35,641 | $216 |
| ORCL ⏰ | 4.24 | 34 | 0 | 33.6 | 38 | 0.312 | 0.92 | 0.39 | 200 | $7,302 | $33 |
| AAPL ⏰ | 0.30 | 131 | 1 | 129.6 | 138 | 0.864 | 0.66 | 0.63 | 0 | $1,270,917 | $1471 |
| SUI | 3.12 | 39 | 0 | 38.6 | 175 | 0.217 | 0.56 | -4.28 | 300 | $64,638 | $251 |
| NEAR | 5.28 | 97 | 0 | 96.0 | 243 | 2.013 | 2.08 | -2.59 | 300 | $257,684 | $403 |

⏰ = 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 2hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 25
ORCL
binance 0hyperliquid 0local 34
AAPL
binance 0hyperliquid 0local 132
SUI
binance 39hyperliquid 0local 0
NEAR
binance 97hyperliquid 0local 0

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

CLSK
spread bps
44.68
ratio
29.17
trades/min
0.1 (thin)
vol1s bps
1.53
SGOV
spread bps
1.99
ratio
26.31
trades/min
0.2 (thin)
vol1s bps
0.08
USAR
spread bps
8.74
ratio
19.79
trades/min
0.0 (thin)
vol1s bps
0.44
AMC
spread bps
27.75
ratio
12.78
trades/min
0.3 (thin)
vol1s bps
2.17
SOFI
spread bps
12.67
ratio
12.47
trades/min
0.1 (thin)
vol1s bps
1.02
SHEIN
spread bps
53.99
ratio
12.20
trades/min
0.1 (thin)
vol1s bps
4.43
CRWV
spread bps
6.04
ratio
10.53
trades/min
0.1 (thin)
vol1s bps
0.57
ASTS
spread bps
11.01
ratio
9.82
trades/min
0.2 (thin)
vol1s bps
1.12
MU
spread bps
2.42
ratio
9.00
trades/min
2.9
vol1s bps
0.27
BE
spread bps
5.36
ratio
8.47
trades/min
0.1 (thin)
vol1s bps
0.63
AI
spread bps
219.43
ratio
7.56
trades/min
0.2 (thin)
vol1s bps
29.01
SLV
spread bps
21.48
ratio
6.98
trades/min
0.1 (thin)
vol1s bps
3.08

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| CLSK | 44.68 | 1.53 | 29.17 | 0.1 (thin) |
| SGOV | 1.99 | 0.08 | 26.31 | 0.2 (thin) |
| USAR | 8.74 | 0.44 | 19.79 | 0.0 (thin) |
| AMC | 27.75 | 2.17 | 12.78 | 0.3 (thin) |
| SOFI | 12.67 | 1.02 | 12.47 | 0.1 (thin) |
| SHEIN | 53.99 | 4.43 | 12.20 | 0.1 (thin) |
| CRWV | 6.04 | 0.57 | 10.53 | 0.1 (thin) |
| ASTS | 11.01 | 1.12 | 9.82 | 0.2 (thin) |
| MU | 2.42 | 0.27 | 9.00 | 2.9 |
| BE | 5.36 | 0.63 | 8.47 | 0.1 (thin) |
| AI | 219.43 | 29.01 | 7.56 | 0.2 (thin) |
| SLV | 21.48 | 3.08 | 6.98 | 0.1 (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. Interim — numbers move until the run completes.