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, 16:27 UTC

cut short after 4.0h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 4.03h elapsed · started 2026-10-10T12:08:02.873Z · 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
3.65
mk+10s bps
—
spread bps
1.01
fills/hr
2.2
strict fills
9
marginal
0
replaces
105
capture $
0.329
inv now $
300
mkt $/hr
$2,566,509
15% clip cap
$172328
COINsession gate
capture bps
1.28
mk+10s bps
-0.24
spread bps
3.31
fills/hr
40.2
strict fills
162
marginal
5
replaces
262
capture $
2.075
inv now $
-100
mkt $/hr
$58,934
15% clip cap
$220
ORCLsession gate
capture bps
0.65
mk+10s bps
0.96
spread bps
0.71
fills/hr
26.6
strict fills
107
marginal
0
replaces
143
capture $
0.693
inv now $
300
mkt $/hr
$18,638
15% clip cap
$105
AAPLsession gate
capture bps
0.63
mk+10s bps
0.55
spread bps
0.30
fills/hr
30.3
strict fills
122
marginal
3
replaces
131
capture $
0.773
inv now $
-100
mkt $/hr
$622,240
15% clip cap
$3082
SUI
capture bps
1.72
mk+10s bps
-2.76
spread bps
3.11
fills/hr
32.5
strict fills
131
marginal
0
replaces
627
capture $
2.254
inv now $
300
mkt $/hr
$23,173
15% clip cap
$107
NEAR
capture bps
1.38
mk+10s bps
-1.09
spread bps
3.74
fills/hr
195.8
strict fills
789
marginal
4
replaces
1408
capture $
10.885
inv now $
-300
mkt $/hr
$375,542
15% clip cap
$288

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 | 1.01 | 9 | 0 | 2.2 | 105 | 0.329 | 3.65 | — | 300 | $2,566,509 | $172328 |
| COIN ⏰ | 3.31 | 162 | 5 | 40.2 | 262 | 2.075 | 1.28 | -0.24 | -100 | $58,934 | $220 |
| ORCL ⏰ | 0.71 | 107 | 0 | 26.6 | 143 | 0.693 | 0.65 | 0.96 | 300 | $18,638 | $105 |
| AAPL ⏰ | 0.30 | 122 | 3 | 30.3 | 131 | 0.773 | 0.63 | 0.55 | -100 | $622,240 | $3082 |
| SUI | 3.11 | 131 | 0 | 32.5 | 627 | 2.254 | 1.72 | -2.76 | 300 | $23,173 | $107 |
| NEAR | 3.74 | 789 | 4 | 195.8 | 1408 | 10.885 | 1.38 | -1.09 | -300 | $375,542 | $288 |

⏰ = 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 9hyperliquid 0local 0
COIN
binance 0hyperliquid 0local 167
ORCL
binance 0hyperliquid 0local 107
AAPL
binance 0hyperliquid 0local 125
SUI
binance 130hyperliquid 1local 0
NEAR
binance 793hyperliquid 0local 0

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

CLSK
spread bps
69.98
ratio
48.34
trades/min
0.1 (thin)
vol1s bps
1.45
SGOV
spread bps
1.99
ratio
27.27
trades/min
0.2 (thin)
vol1s bps
0.07
USAR
spread bps
7.15
ratio
16.44
trades/min
0.0 (thin)
vol1s bps
0.44
COIN
spread bps
3.86
ratio
13.77
trades/min
4.4
vol1s bps
0.28
CASHCAT
spread bps
39.08
ratio
10.41
trades/min
0.7 (thin)
vol1s bps
3.75
CRCL
spread bps
3.51
ratio
9.29
trades/min
2.9
vol1s bps
0.38
ASTS
spread bps
10.22
ratio
9.11
trades/min
0.2 (thin)
vol1s bps
1.12
INTC
spread bps
3.81
ratio
9.06
trades/min
2.3
vol1s bps
0.42
SOFI
spread bps
8.86
ratio
8.72
trades/min
0.1 (thin)
vol1s bps
1.02
BE
spread bps
5.36
ratio
8.51
trades/min
0.1 (thin)
vol1s bps
0.63
SHEIN
spread bps
29.63
ratio
7.68
trades/min
3.2
vol1s bps
3.86
SKHY
spread bps
2.35
ratio
7.15
trades/min
1.4 (thin)
vol1s bps
0.33

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| CLSK | 69.98 | 1.45 | 48.34 | 0.1 (thin) |
| SGOV | 1.99 | 0.07 | 27.27 | 0.2 (thin) |
| USAR | 7.15 | 0.44 | 16.44 | 0.0 (thin) |
| COIN | 3.86 | 0.28 | 13.77 | 4.4 |
| CASHCAT | 39.08 | 3.75 | 10.41 | 0.7 (thin) |
| CRCL | 3.51 | 0.38 | 9.29 | 2.9 |
| ASTS | 10.22 | 1.12 | 9.11 | 0.2 (thin) |
| INTC | 3.81 | 0.42 | 9.06 | 2.3 |
| SOFI | 8.86 | 1.02 | 8.72 | 0.1 (thin) |
| BE | 5.36 | 0.63 | 8.51 | 0.1 (thin) |
| SHEIN | 29.63 | 3.86 | 7.68 | 3.2 |
| SKHY | 2.35 | 0.33 | 7.15 | 1.4 (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.