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 11, 05:56 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-10T23:56:33.553Z · 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
—
spread bps
0.01
fills/hr
1.5
strict fills
9
marginal
0
replaces
104
capture $
0.127
inv now $
300
mkt $/hr
$1,875,969
15% clip cap
$187751
COINsession gate
capture bps
0.64
mk+10s bps
0.26
spread bps
2.76
fills/hr
29.0
strict fills
174
marginal
5
replaces
287
capture $
1.120
inv now $
-300
mkt $/hr
$35,979
15% clip cap
$186
ORCLsession gate
capture bps
0.66
mk+10s bps
1.00
spread bps
3.54
fills/hr
38.8
strict fills
233
marginal
1
replaces
286
capture $
1.530
inv now $
200
mkt $/hr
$18,137
15% clip cap
$70
AAPLsession gate
capture bps
0.55
mk+10s bps
0.23
spread bps
0.30
fills/hr
15.7
strict fills
94
marginal
4
replaces
105
capture $
0.513
inv now $
-200
mkt $/hr
$260,856
15% clip cap
$2500
SUI
capture bps
-4.13
mk+10s bps
-2.37
spread bps
2.37
fills/hr
15.2
strict fills
91
marginal
0
replaces
741
capture $
-3.759
inv now $
300
mkt $/hr
$22,850
15% clip cap
$226
NEAR
capture bps
0.28
mk+10s bps
-1.25
spread bps
3.82
fills/hr
84.8
strict fills
509
marginal
4
replaces
1392
capture $
1.412
inv now $
300
mkt $/hr
$212,996
15% clip cap
$377

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 | 0.01 | 9 | 0 | 1.5 | 104 | 0.127 | 1.41 | — | 300 | $1,875,969 | $187751 |
| COIN ⏰ | 2.76 | 174 | 5 | 29.0 | 287 | 1.120 | 0.64 | 0.26 | -300 | $35,979 | $186 |
| ORCL ⏰ | 3.54 | 233 | 1 | 38.8 | 286 | 1.530 | 0.66 | 1.00 | 200 | $18,137 | $70 |
| AAPL ⏰ | 0.30 | 94 | 4 | 15.7 | 105 | 0.513 | 0.55 | 0.23 | -200 | $260,856 | $2500 |
| SUI | 2.37 | 91 | 0 | 15.2 | 741 | -3.759 | -4.13 | -2.37 | 300 | $22,850 | $226 |
| NEAR | 3.82 | 509 | 4 | 84.8 | 1392 | 1.412 | 0.28 | -1.25 | 300 | $212,996 | $377 |

⏰ = 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 3hyperliquid 0local 6
COIN
binance 0hyperliquid 0local 179
ORCL
binance 0hyperliquid 0local 234
AAPL
binance 0hyperliquid 0local 98
SUI
binance 66hyperliquid 25local 0
NEAR
binance 510hyperliquid 3local 0

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

SHEIN
spread bps
23.69
ratio
39.95
trades/min
1.1 (thin)
vol1s bps
0.59
CLSK
spread bps
42.02
ratio
27.45
trades/min
0.1 (thin)
vol1s bps
1.53
RGTI
spread bps
70.43
ratio
23.67
trades/min
0.0 (thin)
vol1s bps
2.98
QBTS
spread bps
59.53
ratio
23.57
trades/min
0.0 (thin)
vol1s bps
2.53
USO
spread bps
10.79
ratio
22.23
trades/min
0.3 (thin)
vol1s bps
0.49
LUNR
spread bps
74.97
ratio
15.95
trades/min
0.0 (thin)
vol1s bps
4.70
ASTS
spread bps
14.91
ratio
14.50
trades/min
0.1 (thin)
vol1s bps
1.03
IREN
spread bps
9.63
ratio
13.59
trades/min
0.1 (thin)
vol1s bps
0.71
USAR
spread bps
7.14
ratio
12.87
trades/min
0.0 (thin)
vol1s bps
0.55
SOXL
spread bps
3.56
ratio
8.87
trades/min
0.3 (thin)
vol1s bps
0.40
ORCL
spread bps
3.54
ratio
8.84
trades/min
3.0
vol1s bps
0.40
MU
spread bps
2.70
ratio
7.45
trades/min
2.7
vol1s bps
0.36

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 23.69 | 0.59 | 39.95 | 1.1 (thin) |
| CLSK | 42.02 | 1.53 | 27.45 | 0.1 (thin) |
| RGTI | 70.43 | 2.98 | 23.67 | 0.0 (thin) |
| QBTS | 59.53 | 2.53 | 23.57 | 0.0 (thin) |
| USO | 10.79 | 0.49 | 22.23 | 0.3 (thin) |
| LUNR | 74.97 | 4.70 | 15.95 | 0.0 (thin) |
| ASTS | 14.91 | 1.03 | 14.50 | 0.1 (thin) |
| IREN | 9.63 | 0.71 | 13.59 | 0.1 (thin) |
| USAR | 7.14 | 0.55 | 12.87 | 0.0 (thin) |
| SOXL | 3.56 | 0.40 | 8.87 | 0.3 (thin) |
| ORCL | 3.54 | 0.40 | 8.84 | 3.0 |
| MU | 2.70 | 0.36 | 7.45 | 2.7 |

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.