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, 16:44 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-11T10:43:50.919Z · 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
12.12
mk+10s bps
-0.77
spread bps
0.36
fills/hr
5.2
strict fills
31
marginal
0
replaces
222
capture $
3.756
inv now $
300
mkt $/hr
$2,581,965
15% clip cap
$75004
COINsession gate
capture bps
0.95
mk+10s bps
0.20
spread bps
1.64
fills/hr
60.1
strict fills
361
marginal
2
replaces
537
capture $
3.434
inv now $
-300
mkt $/hr
$84,325
15% clip cap
$210
ORCLsession gate
capture bps
1.38
mk+10s bps
0.73
spread bps
2.11
fills/hr
25.3
strict fills
152
marginal
5
replaces
210
capture $
2.104
inv now $
300
mkt $/hr
$23,675
15% clip cap
$140
AAPLsession gate
capture bps
0.62
mk+10s bps
0.57
spread bps
0.30
fills/hr
55.6
strict fills
334
marginal
4
replaces
353
capture $
2.078
inv now $
0
mkt $/hr
$1,338,685
15% clip cap
$3609
SUI
capture bps
5.15
mk+10s bps
-1.31
spread bps
3.95
fills/hr
40.5
strict fills
243
marginal
1
replaces
951
capture $
12.514
inv now $
200
mkt $/hr
$54,508
15% clip cap
$202
NEAR
capture bps
-0.38
mk+10s bps
-3.91
spread bps
4.34
fills/hr
277.2
strict fills
1664
marginal
12
replaces
2595
capture $
-6.340
inv now $
0
mkt $/hr
$1,414,634
15% clip cap
$766

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 | 0.36 | 31 | 0 | 5.2 | 222 | 3.756 | 12.12 | -0.77 | 300 | $2,581,965 | $75004 |
| COIN ⏰ | 1.64 | 361 | 2 | 60.1 | 537 | 3.434 | 0.95 | 0.20 | -300 | $84,325 | $210 |
| ORCL ⏰ | 2.11 | 152 | 5 | 25.3 | 210 | 2.104 | 1.38 | 0.73 | 300 | $23,675 | $140 |
| AAPL ⏰ | 0.30 | 334 | 4 | 55.6 | 353 | 2.078 | 0.62 | 0.57 | 0 | $1,338,685 | $3609 |
| SUI | 3.95 | 243 | 1 | 40.5 | 951 | 12.514 | 5.15 | -1.31 | 200 | $54,508 | $202 |
| NEAR | 4.34 | 1664 | 12 | 277.2 | 2595 | -6.340 | -0.38 | -3.91 | 0 | $1,414,634 | $766 |

⏰ = 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 31hyperliquid 0local 0
COIN
binance 0hyperliquid 0local 363
ORCL
binance 0hyperliquid 0local 157
AAPL
binance 0hyperliquid 0local 338
SUI
binance 242hyperliquid 2local 0
NEAR
binance 1676hyperliquid 0local 0

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

QBTS
spread bps
60.19
ratio
29.85
trades/min
0.0 (thin)
vol1s bps
2.02
CLSK
spread bps
45.61
ratio
27.56
trades/min
0.1 (thin)
vol1s bps
1.65
RGTI
spread bps
69.76
ratio
25.31
trades/min
0.0 (thin)
vol1s bps
2.76
LUNR
spread bps
74.24
ratio
14.41
trades/min
0.0 (thin)
vol1s bps
5.15
SHEIN
spread bps
23.51
ratio
12.96
trades/min
0.1 (thin)
vol1s bps
1.81
MU
spread bps
2.32
ratio
12.85
trades/min
7.6
vol1s bps
0.18
IREN
spread bps
7.33
ratio
10.64
trades/min
0.1 (thin)
vol1s bps
0.69
CRWV
spread bps
6.04
ratio
9.97
trades/min
0.2 (thin)
vol1s bps
0.61
SOFI
spread bps
15.29
ratio
9.97
trades/min
0.1 (thin)
vol1s bps
1.53
USAR
spread bps
8.74
ratio
9.49
trades/min
0.1 (thin)
vol1s bps
0.92
SGOV
spread bps
1.99
ratio
8.52
trades/min
0.2 (thin)
vol1s bps
0.23
COIN
spread bps
3.32
ratio
8.48
trades/min
3.1
vol1s bps
0.39

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| QBTS | 60.19 | 2.02 | 29.85 | 0.0 (thin) |
| CLSK | 45.61 | 1.65 | 27.56 | 0.1 (thin) |
| RGTI | 69.76 | 2.76 | 25.31 | 0.0 (thin) |
| LUNR | 74.24 | 5.15 | 14.41 | 0.0 (thin) |
| SHEIN | 23.51 | 1.81 | 12.96 | 0.1 (thin) |
| MU | 2.32 | 0.18 | 12.85 | 7.6 |
| IREN | 7.33 | 0.69 | 10.64 | 0.1 (thin) |
| CRWV | 6.04 | 0.61 | 9.97 | 0.2 (thin) |
| SOFI | 15.29 | 1.53 | 9.97 | 0.1 (thin) |
| USAR | 8.74 | 0.92 | 9.49 | 0.1 (thin) |
| SGOV | 1.99 | 0.23 | 8.52 | 0.2 (thin) |
| COIN | 3.32 | 0.39 | 8.48 | 3.1 |

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.