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, 17:49 UTC

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

Quote Engine v2 · PAPER report

interim · 1.02h elapsed · started 2026-10-10T16:30:11.681Z · 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
0.30
mk+10s bps
—
spread bps
0.12
fills/hr
12.8
strict fills
13
marginal
0
replaces
30
capture $
0.039
inv now $
300
mkt $/hr
$5,470,042
15% clip cap
$64114
COINsession gate
capture bps
1.07
mk+10s bps
1.94
spread bps
1.10
fills/hr
39.4
strict fills
40
marginal
0
replaces
56
capture $
0.427
inv now $
200
mkt $/hr
$60,628
15% clip cap
$231
ORCLsession gate
capture bps
0.25
mk+10s bps
0.31
spread bps
3.54
fills/hr
36.4
strict fills
37
marginal
1
replaces
42
capture $
0.093
inv now $
200
mkt $/hr
$11,161
15% clip cap
$46
AAPLsession gate
capture bps
0.68
mk+10s bps
0.59
spread bps
0.30
fills/hr
21.7
strict fills
22
marginal
0
replaces
22
capture $
0.150
inv now $
200
mkt $/hr
$460,900
15% clip cap
$3192
SUI
capture bps
-6.31
mk+10s bps
-4.19
spread bps
4.28
fills/hr
18.7
strict fills
19
marginal
0
replaces
134
capture $
-1.200
inv now $
300
mkt $/hr
$21,977
15% clip cap
$176
NEAR
capture bps
0.34
mk+10s bps
-2.10
spread bps
3.34
fills/hr
142.7
strict fills
145
marginal
2
replaces
301
capture $
0.486
inv now $
100
mkt $/hr
$224,400
15% clip cap
$236

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 | 0.12 | 13 | 0 | 12.8 | 30 | 0.039 | 0.30 | — | 300 | $5,470,042 | $64114 |
| COIN ⏰ | 1.10 | 40 | 0 | 39.4 | 56 | 0.427 | 1.07 | 1.94 | 200 | $60,628 | $231 |
| ORCL ⏰ | 3.54 | 37 | 1 | 36.4 | 42 | 0.093 | 0.25 | 0.31 | 200 | $11,161 | $46 |
| AAPL ⏰ | 0.30 | 22 | 0 | 21.7 | 22 | 0.150 | 0.68 | 0.59 | 200 | $460,900 | $3192 |
| SUI | 4.28 | 19 | 0 | 18.7 | 134 | -1.200 | -6.31 | -4.19 | 300 | $21,977 | $176 |
| NEAR | 3.34 | 145 | 2 | 142.7 | 301 | 0.486 | 0.34 | -2.10 | 100 | $224,400 | $236 |

⏰ = 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 4hyperliquid 0local 9
COIN
binance 0hyperliquid 0local 40
ORCL
binance 0hyperliquid 0local 38
AAPL
binance 0hyperliquid 0local 22
SUI
binance 19hyperliquid 0local 0
NEAR
binance 147hyperliquid 0local 0

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

RGTI
spread bps
70.45
ratio
223.13
trades/min
0.0 (thin)
vol1s bps
0.32
QBTS
spread bps
59.49
ratio
170.90
trades/min
0.0 (thin)
vol1s bps
0.35
SHEIN
spread bps
44.12
ratio
115.40
trades/min
2.1
vol1s bps
0.38
AI
spread bps
201.76
ratio
41.94
trades/min
0.1 (thin)
vol1s bps
4.81
SGOV
spread bps
2.99
ratio
32.11
trades/min
0.2 (thin)
vol1s bps
0.09
CLSK
spread bps
39.98
ratio
26.48
trades/min
0.1 (thin)
vol1s bps
1.51
SLV
spread bps
25.00
ratio
24.15
trades/min
2.0
vol1s bps
1.04
BE
spread bps
3.93
ratio
21.27
trades/min
0.1 (thin)
vol1s bps
0.18
USAR
spread bps
7.93
ratio
14.60
trades/min
0.0 (thin)
vol1s bps
0.54
USO
spread bps
13.52
ratio
14.20
trades/min
0.2 (thin)
vol1s bps
0.95
LUNR
spread bps
76.48
ratio
11.60
trades/min
0.0 (thin)
vol1s bps
6.59
SOFI
spread bps
10.77
ratio
11.55
trades/min
0.0 (thin)
vol1s bps
0.93

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| RGTI | 70.45 | 0.32 | 223.13 | 0.0 (thin) |
| QBTS | 59.49 | 0.35 | 170.90 | 0.0 (thin) |
| SHEIN | 44.12 | 0.38 | 115.40 | 2.1 |
| AI | 201.76 | 4.81 | 41.94 | 0.1 (thin) |
| SGOV | 2.99 | 0.09 | 32.11 | 0.2 (thin) |
| CLSK | 39.98 | 1.51 | 26.48 | 0.1 (thin) |
| SLV | 25.00 | 1.04 | 24.15 | 2.0 |
| BE | 3.93 | 0.18 | 21.27 | 0.1 (thin) |
| USAR | 7.93 | 0.54 | 14.60 | 0.0 (thin) |
| USO | 13.52 | 0.95 | 14.20 | 0.2 (thin) |
| LUNR | 76.48 | 6.59 | 11.60 | 0.0 (thin) |
| SOFI | 10.77 | 0.93 | 11.55 | 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. Interim — numbers move until the run completes.