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, 23:03 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-12T17:03:07.836Z · 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
-0.87
mk+10s bps
-0.41
spread bps
0.93
fills/hr
36.8
strict fills
221
marginal
0
replaces
603
capture $
-1.929
inv now $
300
mkt $/hr
$2,952,704
15% clip cap
$12028
COINsession gate
capture bps
1.35
mk+10s bps
0.25
spread bps
3.34
fills/hr
32.5
strict fills
195
marginal
3
replaces
356
capture $
2.627
inv now $
-200
mkt $/hr
$68,436
15% clip cap
$316
ORCLsession gate
capture bps
0.09
mk+10s bps
0.87
spread bps
2.19
fills/hr
20.0
strict fills
120
marginal
4
replaces
169
capture $
0.108
inv now $
200
mkt $/hr
$8,822
15% clip cap
$66
AAPLsession gate
capture bps
0.72
mk+10s bps
0.65
spread bps
0.29
fills/hr
72.8
strict fills
437
marginal
7
replaces
453
capture $
3.155
inv now $
0
mkt $/hr
$422,180
15% clip cap
$870
SUI
capture bps
-7.81
mk+10s bps
-5.79
spread bps
2.99
fills/hr
19.7
strict fills
118
marginal
1
replaces
1101
capture $
-9.219
inv now $
300
mkt $/hr
$25,988
15% clip cap
$198
NEAR
capture bps
-1.45
mk+10s bps
-3.60
spread bps
5.13
fills/hr
163.1
strict fills
979
marginal
0
replaces
2253
capture $
-14.190
inv now $
300
mkt $/hr
$438,117
15% clip cap
$403

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 | 0.93 | 221 | 0 | 36.8 | 603 | -1.929 | -0.87 | -0.41 | 300 | $2,952,704 | $12028 |
| COIN ⏰ | 3.34 | 195 | 3 | 32.5 | 356 | 2.627 | 1.35 | 0.25 | -200 | $68,436 | $316 |
| ORCL ⏰ | 2.19 | 120 | 4 | 20.0 | 169 | 0.108 | 0.09 | 0.87 | 200 | $8,822 | $66 |
| AAPL ⏰ | 0.29 | 437 | 7 | 72.8 | 453 | 3.155 | 0.72 | 0.65 | 0 | $422,180 | $870 |
| SUI | 2.99 | 118 | 1 | 19.7 | 1101 | -9.219 | -7.81 | -5.79 | 300 | $25,988 | $198 |
| NEAR | 5.13 | 979 | 0 | 163.1 | 2253 | -14.190 | -1.45 | -3.60 | 300 | $438,117 | $403 |

⏰ = 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 208hyperliquid 0local 13
COIN
binance 0hyperliquid 0local 198
ORCL
binance 0hyperliquid 0local 124
AAPL
binance 0hyperliquid 0local 444
SUI
binance 119hyperliquid 0local 0
NEAR
binance 979hyperliquid 0local 0

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

AI
spread bps
417.83
ratio
25.82
trades/min
0.6 (thin)
vol1s bps
16.18
SGOV
spread bps
5.97
ratio
15.73
trades/min
0.1 (thin)
vol1s bps
0.38
SHEIN
spread bps
49.46
ratio
9.65
trades/min
0.2 (thin)
vol1s bps
5.13
LUNR
spread bps
39.71
ratio
7.54
trades/min
0.0 (thin)
vol1s bps
5.27
AMC
spread bps
18.71
ratio
7.44
trades/min
0.6 (thin)
vol1s bps
2.51
USO
spread bps
7.91
ratio
6.65
trades/min
0.5 (thin)
vol1s bps
1.19
SOFI
spread bps
12.40
ratio
6.53
trades/min
0.1 (thin)
vol1s bps
1.90
QBTS
spread bps
56.64
ratio
6.53
trades/min
0.0 (thin)
vol1s bps
8.67
CLSK
spread bps
38.70
ratio
5.89
trades/min
0.1 (thin)
vol1s bps
6.57
RGTI
spread bps
49.08
ratio
5.61
trades/min
0.0 (thin)
vol1s bps
8.75
SLV
spread bps
4.04
ratio
5.54
trades/min
0.2 (thin)
vol1s bps
0.73
WULF
spread bps
28.03
ratio
4.86
trades/min
0.1 (thin)
vol1s bps
5.77

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| AI | 417.83 | 16.18 | 25.82 | 0.6 (thin) |
| SGOV | 5.97 | 0.38 | 15.73 | 0.1 (thin) |
| SHEIN | 49.46 | 5.13 | 9.65 | 0.2 (thin) |
| LUNR | 39.71 | 5.27 | 7.54 | 0.0 (thin) |
| AMC | 18.71 | 2.51 | 7.44 | 0.6 (thin) |
| USO | 7.91 | 1.19 | 6.65 | 0.5 (thin) |
| SOFI | 12.40 | 1.90 | 6.53 | 0.1 (thin) |
| QBTS | 56.64 | 8.67 | 6.53 | 0.0 (thin) |
| CLSK | 38.70 | 6.57 | 5.89 | 0.1 (thin) |
| RGTI | 49.08 | 8.75 | 5.61 | 0.0 (thin) |
| SLV | 4.04 | 0.73 | 5.54 | 0.2 (thin) |
| WULF | 28.03 | 5.77 | 4.86 | 0.1 (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.