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 12, 10:54 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-12T04:54:16.412Z · 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
0.13
mk+10s bps
-1.05
spread bps
0.98
fills/hr
58.1
strict fills
349
marginal
0
replaces
703
capture $
0.465
inv now $
300
mkt $/hr
$4,084,644
15% clip cap
$10537
COINsession gate
capture bps
0.43
mk+10s bps
-0.15
spread bps
2.74
fills/hr
164.1
strict fills
985
marginal
14
replaces
1446
capture $
4.266
inv now $
-100
mkt $/hr
$136,808
15% clip cap
$125
ORCLsession gate
capture bps
0.14
mk+10s bps
-0.38
spread bps
1.42
fills/hr
90.5
strict fills
543
marginal
10
replaces
875
capture $
0.784
inv now $
300
mkt $/hr
$46,428
15% clip cap
$77
AAPLsession gate
capture bps
0.62
mk+10s bps
0.53
spread bps
0.30
fills/hr
177.3
strict fills
1064
marginal
18
replaces
1144
capture $
6.623
inv now $
200
mkt $/hr
$1,058,083
15% clip cap
$895
SUI
capture bps
-1.44
mk+10s bps
-0.36
spread bps
2.15
fills/hr
23.8
strict fills
143
marginal
2
replaces
857
capture $
-2.062
inv now $
300
mkt $/hr
$23,072
15% clip cap
$145
NEAR
capture bps
0.47
mk+10s bps
-2.05
spread bps
4.50
fills/hr
184.9
strict fills
1110
marginal
8
replaces
1969
capture $
5.245
inv now $
200
mkt $/hr
$473,028
15% clip cap
$384

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 | 0.98 | 349 | 0 | 58.1 | 703 | 0.465 | 0.13 | -1.05 | 300 | $4,084,644 | $10537 |
| COIN ⏰ | 2.74 | 985 | 14 | 164.1 | 1446 | 4.266 | 0.43 | -0.15 | -100 | $136,808 | $125 |
| ORCL ⏰ | 1.42 | 543 | 10 | 90.5 | 875 | 0.784 | 0.14 | -0.38 | 300 | $46,428 | $77 |
| AAPL ⏰ | 0.30 | 1064 | 18 | 177.3 | 1144 | 6.623 | 0.62 | 0.53 | 200 | $1,058,083 | $895 |
| SUI | 2.15 | 143 | 2 | 23.8 | 857 | -2.062 | -1.44 | -0.36 | 300 | $23,072 | $145 |
| NEAR | 4.50 | 1110 | 8 | 184.9 | 1969 | 5.245 | 0.47 | -2.05 | 200 | $473,028 | $384 |

⏰ = 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 342hyperliquid 0local 7
COIN
binance 0hyperliquid 0local 999
ORCL
binance 0hyperliquid 0local 553
AAPL
binance 0hyperliquid 0local 1082
SUI
binance 145hyperliquid 0local 0
NEAR
binance 1118hyperliquid 0local 0

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

WULF
spread bps
126.76
ratio
38.94
trades/min
0.1 (thin)
vol1s bps
3.26
LUNR
spread bps
65.34
ratio
15.50
trades/min
0.0 (thin)
vol1s bps
4.22
CLSK
spread bps
77.42
ratio
11.48
trades/min
0.1 (thin)
vol1s bps
6.74
CASHCAT
spread bps
42.45
ratio
11.27
trades/min
0.9 (thin)
vol1s bps
3.77
ASTS
spread bps
17.58
ratio
9.06
trades/min
0.0 (thin)
vol1s bps
1.94
AI
spread bps
165.11
ratio
8.07
trades/min
0.1 (thin)
vol1s bps
20.46
SOFI
spread bps
10.06
ratio
7.74
trades/min
0.1 (thin)
vol1s bps
1.30
PLTR
spread bps
5.03
ratio
7.03
trades/min
1.6 (thin)
vol1s bps
0.71
USAR
spread bps
12.59
ratio
6.98
trades/min
0.4 (thin)
vol1s bps
1.80
SHEIN
spread bps
49.24
ratio
6.87
trades/min
0.1 (thin)
vol1s bps
7.17
SGOV
spread bps
1.99
ratio
6.39
trades/min
0.2 (thin)
vol1s bps
0.31
RGTI
spread bps
65.03
ratio
6.17
trades/min
0.0 (thin)
vol1s bps
10.54

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 126.76 | 3.26 | 38.94 | 0.1 (thin) |
| LUNR | 65.34 | 4.22 | 15.50 | 0.0 (thin) |
| CLSK | 77.42 | 6.74 | 11.48 | 0.1 (thin) |
| CASHCAT | 42.45 | 3.77 | 11.27 | 0.9 (thin) |
| ASTS | 17.58 | 1.94 | 9.06 | 0.0 (thin) |
| AI | 165.11 | 20.46 | 8.07 | 0.1 (thin) |
| SOFI | 10.06 | 1.30 | 7.74 | 0.1 (thin) |
| PLTR | 5.03 | 0.71 | 7.03 | 1.6 (thin) |
| USAR | 12.59 | 1.80 | 6.98 | 0.4 (thin) |
| SHEIN | 49.24 | 7.17 | 6.87 | 0.1 (thin) |
| SGOV | 1.99 | 0.31 | 6.39 | 0.2 (thin) |
| RGTI | 65.03 | 10.54 | 6.17 | 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.