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, 10:40 UTC

cut short after 4.5h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 4.54h elapsed · started 2026-10-11T05:59:59.121Z · 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
-6.47
mk+10s bps
—
spread bps
0.46
fills/hr
1.1
strict fills
5
marginal
0
replaces
83
capture $
-0.324
inv now $
300
mkt $/hr
$1,411,888
15% clip cap
$192149
COINsession gate
capture bps
0.46
mk+10s bps
0.94
spread bps
2.76
fills/hr
34.4
strict fills
156
marginal
2
replaces
228
capture $
0.716
inv now $
200
mkt $/hr
$64,404
15% clip cap
$281
ORCLsession gate
capture bps
0.91
mk+10s bps
0.83
spread bps
3.54
fills/hr
29.1
strict fills
132
marginal
2
replaces
153
capture $
1.205
inv now $
200
mkt $/hr
$15,149
15% clip cap
$78
AAPLsession gate
capture bps
0.46
mk+10s bps
0.49
spread bps
0.30
fills/hr
31.7
strict fills
144
marginal
0
replaces
148
capture $
0.661
inv now $
0
mkt $/hr
$697,793
15% clip cap
$3297
SUI
capture bps
-1.31
mk+10s bps
-8.06
spread bps
3.02
fills/hr
14.3
strict fills
65
marginal
0
replaces
516
capture $
-0.851
inv now $
300
mkt $/hr
$17,698
15% clip cap
$185
NEAR
capture bps
1.21
mk+10s bps
-2.05
spread bps
1.72
fills/hr
56.4
strict fills
256
marginal
1
replaces
875
capture $
3.107
inv now $
300
mkt $/hr
$140,073
15% clip cap
$372

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 | 0.46 | 5 | 0 | 1.1 | 83 | -0.324 | -6.47 | — | 300 | $1,411,888 | $192149 |
| COIN ⏰ | 2.76 | 156 | 2 | 34.4 | 228 | 0.716 | 0.46 | 0.94 | 200 | $64,404 | $281 |
| ORCL ⏰ | 3.54 | 132 | 2 | 29.1 | 153 | 1.205 | 0.91 | 0.83 | 200 | $15,149 | $78 |
| AAPL ⏰ | 0.30 | 144 | 0 | 31.7 | 148 | 0.661 | 0.46 | 0.49 | 0 | $697,793 | $3297 |
| SUI | 3.02 | 65 | 0 | 14.3 | 516 | -0.851 | -1.31 | -8.06 | 300 | $17,698 | $185 |
| NEAR | 1.72 | 256 | 1 | 56.4 | 875 | 3.107 | 1.21 | -2.05 | 300 | $140,073 | $372 |

⏰ = 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 0
COIN
binance 0hyperliquid 0local 158
ORCL
binance 0hyperliquid 0local 134
AAPL
binance 0hyperliquid 0local 144
SUI
binance 58hyperliquid 7local 0
NEAR
binance 255hyperliquid 2local 0

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

SHEIN
spread bps
26.67
ratio
44.98
trades/min
1.1 (thin)
vol1s bps
0.59
CLSK
spread bps
66.44
ratio
39.21
trades/min
0.1 (thin)
vol1s bps
1.69
QBTS
spread bps
60.16
ratio
29.84
trades/min
0.0 (thin)
vol1s bps
2.02
RGTI
spread bps
69.76
ratio
25.31
trades/min
0.0 (thin)
vol1s bps
2.76
LUNR
spread bps
79.53
ratio
14.02
trades/min
0.0 (thin)
vol1s bps
5.67
USO
spread bps
7.42
ratio
8.66
trades/min
0.6 (thin)
vol1s bps
0.86
META
spread bps
1.67
ratio
7.69
trades/min
5.9
vol1s bps
0.22
SLV
spread bps
24.63
ratio
7.24
trades/min
0.1 (thin)
vol1s bps
3.40
ASTS
spread bps
6.32
ratio
6.05
trades/min
0.1 (thin)
vol1s bps
1.05
IREN
spread bps
3.97
ratio
5.61
trades/min
0.1 (thin)
vol1s bps
0.71
PONS
spread bps
6.23
ratio
5.58
trades/min
1.2 (thin)
vol1s bps
1.12
AI
spread bps
120.41
ratio
5.55
trades/min
0.3 (thin)
vol1s bps
21.69

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 26.67 | 0.59 | 44.98 | 1.1 (thin) |
| CLSK | 66.44 | 1.69 | 39.21 | 0.1 (thin) |
| QBTS | 60.16 | 2.02 | 29.84 | 0.0 (thin) |
| RGTI | 69.76 | 2.76 | 25.31 | 0.0 (thin) |
| LUNR | 79.53 | 5.67 | 14.02 | 0.0 (thin) |
| USO | 7.42 | 0.86 | 8.66 | 0.6 (thin) |
| META | 1.67 | 0.22 | 7.69 | 5.9 |
| SLV | 24.63 | 3.40 | 7.24 | 0.1 (thin) |
| ASTS | 6.32 | 1.05 | 6.05 | 0.1 (thin) |
| IREN | 3.97 | 0.71 | 5.61 | 0.1 (thin) |
| PONS | 6.23 | 1.12 | 5.58 | 1.2 (thin) |
| AI | 120.41 | 21.69 | 5.55 | 0.3 (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.