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, 23:53 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-10T17:52:54.105Z · 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
-8.30
mk+10s bps
—
spread bps
0.95
fills/hr
1.5
strict fills
9
marginal
0
replaces
108
capture $
-0.747
inv now $
300
mkt $/hr
$1,720,781
15% clip cap
$172131
COINsession gate
capture bps
0.81
mk+10s bps
-0.15
spread bps
2.76
fills/hr
33.0
strict fills
198
marginal
1
replaces
299
capture $
1.604
inv now $
100
mkt $/hr
$33,417
15% clip cap
$152
ORCLsession gate
capture bps
0.67
mk+10s bps
1.15
spread bps
2.83
fills/hr
22.3
strict fills
134
marginal
1
replaces
158
capture $
0.901
inv now $
300
mkt $/hr
$73,532
15% clip cap
$494
AAPLsession gate
capture bps
0.68
mk+10s bps
0.58
spread bps
0.59
fills/hr
139.6
strict fills
838
marginal
11
replaces
868
capture $
5.692
inv now $
100
mkt $/hr
$847,388
15% clip cap
$910
SUI
capture bps
-1.07
mk+10s bps
-7.16
spread bps
2.78
fills/hr
8.7
strict fills
52
marginal
1
replaces
703
capture $
-0.558
inv now $
300
mkt $/hr
$27,085
15% clip cap
$469
NEAR
capture bps
0.38
mk+10s bps
-0.26
spread bps
3.21
fills/hr
64.1
strict fills
385
marginal
6
replaces
1215
capture $
1.452
inv now $
300
mkt $/hr
$217,171
15% clip cap
$508

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 | 0.95 | 9 | 0 | 1.5 | 108 | -0.747 | -8.30 | — | 300 | $1,720,781 | $172131 |
| COIN ⏰ | 2.76 | 198 | 1 | 33.0 | 299 | 1.604 | 0.81 | -0.15 | 100 | $33,417 | $152 |
| ORCL ⏰ | 2.83 | 134 | 1 | 22.3 | 158 | 0.901 | 0.67 | 1.15 | 300 | $73,532 | $494 |
| AAPL ⏰ | 0.59 | 838 | 11 | 139.6 | 868 | 5.692 | 0.68 | 0.58 | 100 | $847,388 | $910 |
| SUI | 2.78 | 52 | 1 | 8.7 | 703 | -0.558 | -1.07 | -7.16 | 300 | $27,085 | $469 |
| NEAR | 3.21 | 385 | 6 | 64.1 | 1215 | 1.452 | 0.38 | -0.26 | 300 | $217,171 | $508 |

⏰ = 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 5hyperliquid 0local 4
COIN
binance 0hyperliquid 0local 199
ORCL
binance 0hyperliquid 0local 135
AAPL
binance 0hyperliquid 0local 849
SUI
binance 50hyperliquid 3local 0
NEAR
binance 391hyperliquid 0local 0

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

RGTI
spread bps
70.41
ratio
223.00
trades/min
0.0 (thin)
vol1s bps
0.32
SHEIN
spread bps
45.02
ratio
218.02
trades/min
2.1
vol1s bps
0.21
QBTS
spread bps
60.19
ratio
172.92
trades/min
0.0 (thin)
vol1s bps
0.35
SGOV
spread bps
3.98
ratio
41.82
trades/min
0.2 (thin)
vol1s bps
0.10
AI
spread bps
197.88
ratio
41.32
trades/min
0.1 (thin)
vol1s bps
4.79
USO
spread bps
18.93
ratio
35.23
trades/min
0.2 (thin)
vol1s bps
0.54
CLSK
spread bps
40.01
ratio
28.40
trades/min
0.1 (thin)
vol1s bps
1.41
USAR
spread bps
7.93
ratio
14.61
trades/min
0.0 (thin)
vol1s bps
0.54
SOFI
spread bps
12.05
ratio
12.94
trades/min
0.0 (thin)
vol1s bps
0.93
LUNR
spread bps
72.69
ratio
11.03
trades/min
0.0 (thin)
vol1s bps
6.59
IREN
spread bps
7.07
ratio
9.83
trades/min
0.1 (thin)
vol1s bps
0.72
META
spread bps
1.25
ratio
9.79
trades/min
4.1
vol1s bps
0.13

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| RGTI | 70.41 | 0.32 | 223.00 | 0.0 (thin) |
| SHEIN | 45.02 | 0.21 | 218.02 | 2.1 |
| QBTS | 60.19 | 0.35 | 172.92 | 0.0 (thin) |
| SGOV | 3.98 | 0.10 | 41.82 | 0.2 (thin) |
| AI | 197.88 | 4.79 | 41.32 | 0.1 (thin) |
| USO | 18.93 | 0.54 | 35.23 | 0.2 (thin) |
| CLSK | 40.01 | 1.41 | 28.40 | 0.1 (thin) |
| USAR | 7.93 | 0.54 | 14.61 | 0.0 (thin) |
| SOFI | 12.05 | 0.93 | 12.94 | 0.0 (thin) |
| LUNR | 72.69 | 6.59 | 11.03 | 0.0 (thin) |
| IREN | 7.07 | 0.72 | 9.83 | 0.1 (thin) |
| META | 1.25 | 0.13 | 9.79 | 4.1 |

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.