Hyperider

Quoting study · Oct 12, 16:58 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-12T10:58:47.022Z · 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
    -0.18
    mk+10s bps
    —
    spread bps
    0.91
    fills/hr
    66.8
    strict fills
    401
    marginal
    0
    replaces
    970
    capture $
    -0.714
    inv now $
    300
    mkt $/hr
    $6,168,962
    15% clip cap
    $13848
  • COINsession gate
    capture bps
    0.60
    mk+10s bps
    -0.07
    spread bps
    3.89
    fills/hr
    62.2
    strict fills
    373
    marginal
    7
    replaces
    552
    capture $
    2.234
    inv now $
    0
    mkt $/hr
    $91,852
    15% clip cap
    $222
  • ORCLsession gate
    capture bps
    0.43
    mk+10s bps
    0.44
    spread bps
    2.84
    fills/hr
    23.0
    strict fills
    138
    marginal
    3
    replaces
    250
    capture $
    0.596
    inv now $
    0
    mkt $/hr
    $5,756
    15% clip cap
    $38
  • AAPLsession gate
    capture bps
    0.70
    mk+10s bps
    0.45
    spread bps
    0.59
    fills/hr
    130.5
    strict fills
    783
    marginal
    11
    replaces
    846
    capture $
    5.495
    inv now $
    0
    mkt $/hr
    $424,115
    15% clip cap
    $488
  • SUI
    capture bps
    -4.02
    mk+10s bps
    -0.56
    spread bps
    3.94
    fills/hr
    52.7
    strict fills
    316
    marginal
    1
    replaces
    1468
    capture $
    -12.690
    inv now $
    300
    mkt $/hr
    $43,286
    15% clip cap
    $123
  • NEAR
    capture bps
    -1.05
    mk+10s bps
    -1.23
    spread bps
    3.33
    fills/hr
    155.6
    strict fills
    934
    marginal
    3
    replaces
    2380
    capture $
    -9.818
    inv now $
    300
    mkt $/hr
    $459,969
    15% clip cap
    $443
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 | 0.91 | 401 | 0 | 66.8 | 970 | -0.714 | -0.18 | — | 300 | $6,168,962 | $13848 |
| COIN ⏰ | 3.89 | 373 | 7 | 62.2 | 552 | 2.234 | 0.60 | -0.07 | 0 | $91,852 | $222 |
| ORCL ⏰ | 2.84 | 138 | 3 | 23.0 | 250 | 0.596 | 0.43 | 0.44 | 0 | $5,756 | $38 |
| AAPL ⏰ | 0.59 | 783 | 11 | 130.5 | 846 | 5.495 | 0.70 | 0.45 | 0 | $424,115 | $488 |
| SUI | 3.94 | 316 | 1 | 52.7 | 1468 | -12.690 | -4.02 | -0.56 | 300 | $43,286 | $123 |
| NEAR | 3.33 | 934 | 3 | 155.6 | 2380 | -9.818 | -1.05 | -1.23 | 300 | $459,969 | $443 |

⏰ = 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 1 · ORCL 1 · AAPL 1).

Fair-value source mix (fills by source)

  • BTC
    binance 401hyperliquid 0local 0
  • COIN
    binance 0hyperliquid 0local 380
  • ORCL
    binance 0hyperliquid 0local 141
  • AAPL
    binance 0hyperliquid 0local 794
  • SUI
    binance 317hyperliquid 0local 0
  • NEAR
    binance 937hyperliquid 0local 0

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

  • WULF
    spread bps
    181.46
    ratio
    47.15
    trades/min
    0.0 (thin)
    vol1s bps
    3.85
  • SGOV
    spread bps
    6.97
    ratio
    20.43
    trades/min
    0.1 (thin)
    vol1s bps
    0.34
  • SOFI
    spread bps
    23.36
    ratio
    17.51
    trades/min
    0.1 (thin)
    vol1s bps
    1.33
  • LUNR
    spread bps
    65.84
    ratio
    17.04
    trades/min
    0.0 (thin)
    vol1s bps
    3.86
  • CLSK
    spread bps
    67.07
    ratio
    10.03
    trades/min
    0.0 (thin)
    vol1s bps
    6.69
  • AI
    spread bps
    210.48
    ratio
    8.60
    trades/min
    0.1 (thin)
    vol1s bps
    24.46
  • SHEIN
    spread bps
    39.46
    ratio
    7.20
    trades/min
    0.4 (thin)
    vol1s bps
    5.48
  • USAR
    spread bps
    18.32
    ratio
    6.95
    trades/min
    0.2 (thin)
    vol1s bps
    2.64
  • RGTI
    spread bps
    67.87
    ratio
    6.90
    trades/min
    0.0 (thin)
    vol1s bps
    9.83
  • USO
    spread bps
    9.99
    ratio
    6.51
    trades/min
    1.2 (thin)
    vol1s bps
    1.53
  • QBTS
    spread bps
    55.03
    ratio
    6.04
    trades/min
    0.0 (thin)
    vol1s bps
    9.12
  • TSM
    spread bps
    6.35
    ratio
    5.95
    trades/min
    1.4 (thin)
    vol1s bps
    1.07
raw table
| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 181.46 | 3.85 | 47.15 | 0.0 (thin) |
| SGOV | 6.97 | 0.34 | 20.43 | 0.1 (thin) |
| SOFI | 23.36 | 1.33 | 17.51 | 0.1 (thin) |
| LUNR | 65.84 | 3.86 | 17.04 | 0.0 (thin) |
| CLSK | 67.07 | 6.69 | 10.03 | 0.0 (thin) |
| AI | 210.48 | 24.46 | 8.60 | 0.1 (thin) |
| SHEIN | 39.46 | 5.48 | 7.20 | 0.4 (thin) |
| USAR | 18.32 | 2.64 | 6.95 | 0.2 (thin) |
| RGTI | 67.87 | 9.83 | 6.90 | 0.0 (thin) |
| USO | 9.99 | 1.53 | 6.51 | 1.2 (thin) |
| QBTS | 55.03 | 9.12 | 6.04 | 0.0 (thin) |
| TSM | 6.35 | 1.07 | 5.95 | 1.4 (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.

Quoting study · Oct 12, 16:58 UTC · Hyperider fleet report