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 13, 11:18 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-13T05:18:18.074Z · 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
-0.25
mk+10s bps
0.40
spread bps
0.01
fills/hr
30.2
strict fills
181
marginal
0
replaces
616
capture $
-0.456
inv now $
300
mkt $/hr
$3,033,595
15% clip cap
$15090
COINsession gate
capture bps
0.74
mk+10s bps
-0.35
spread bps
2.77
fills/hr
98.5
strict fills
591
marginal
7
replaces
1134
capture $
4.359
inv now $
-200
mkt $/hr
$100,167
15% clip cap
$153
ORCLsession gate
capture bps
0.27
mk+10s bps
0.72
spread bps
2.21
fills/hr
71.0
strict fills
426
marginal
15
replaces
773
capture $
1.151
inv now $
100
mkt $/hr
$64,821
15% clip cap
$137
AAPLsession gate
capture bps
0.69
mk+10s bps
0.49
spread bps
0.29
fills/hr
288.5
strict fills
1732
marginal
18
replaces
1865
capture $
12.024
inv now $
0
mkt $/hr
$826,571
15% clip cap
$430
SUI
capture bps
-9.36
mk+10s bps
-0.16
spread bps
2.23
fills/hr
18.7
strict fills
112
marginal
0
replaces
887
capture $
-10.484
inv now $
0
mkt $/hr
$19,070
15% clip cap
$153
NEAR
capture bps
-1.94
mk+10s bps
-2.44
spread bps
3.97
fills/hr
105.1
strict fills
631
marginal
2
replaces
1538
capture $
-12.230
inv now $
300
mkt $/hr
$166,044
15% clip cap
$237

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 | 0.01 | 181 | 0 | 30.2 | 616 | -0.456 | -0.25 | 0.40 | 300 | $3,033,595 | $15090 |
| COIN ⏰ | 2.77 | 591 | 7 | 98.5 | 1134 | 4.359 | 0.74 | -0.35 | -200 | $100,167 | $153 |
| ORCL ⏰ | 2.21 | 426 | 15 | 71.0 | 773 | 1.151 | 0.27 | 0.72 | 100 | $64,821 | $137 |
| AAPL ⏰ | 0.29 | 1732 | 18 | 288.5 | 1865 | 12.024 | 0.69 | 0.49 | 0 | $826,571 | $430 |
| SUI | 2.23 | 112 | 0 | 18.7 | 887 | -10.484 | -9.36 | -0.16 | 0 | $19,070 | $153 |
| NEAR | 3.97 | 631 | 2 | 105.1 | 1538 | -12.230 | -1.94 | -2.44 | 300 | $166,044 | $237 |

⏰ = 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 166hyperliquid 0local 15
COIN
binance 0hyperliquid 0local 598
ORCL
binance 0hyperliquid 0local 441
AAPL
binance 0hyperliquid 0local 1750
SUI
binance 112hyperliquid 0local 0
NEAR
binance 629hyperliquid 4local 0

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

CLSK
spread bps
58.13
ratio
66.27
trades/min
0.0 (thin)
vol1s bps
0.88
LUNR
spread bps
61.13
ratio
51.20
trades/min
0.0 (thin)
vol1s bps
1.19
SGOV
spread bps
2.99
ratio
42.55
trades/min
0.2 (thin)
vol1s bps
0.07
AI
spread bps
161.21
ratio
18.22
trades/min
0.2 (thin)
vol1s bps
8.85
ANSEM
spread bps
81.32
ratio
11.22
trades/min
0.4 (thin)
vol1s bps
7.25
WULF
spread bps
143.78
ratio
8.82
trades/min
0.2 (thin)
vol1s bps
16.31
CASHCAT
spread bps
21.46
ratio
7.74
trades/min
0.6 (thin)
vol1s bps
2.77
IREN
spread bps
10.80
ratio
7.08
trades/min
0.1 (thin)
vol1s bps
1.53
BE
spread bps
8.91
ratio
6.81
trades/min
0.4 (thin)
vol1s bps
1.31
SMCI
spread bps
12.92
ratio
6.71
trades/min
0.1 (thin)
vol1s bps
1.92
SLV
spread bps
4.75
ratio
6.49
trades/min
0.5 (thin)
vol1s bps
0.73
BABA
spread bps
7.32
ratio
5.31
trades/min
0.6 (thin)
vol1s bps
1.38

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| CLSK | 58.13 | 0.88 | 66.27 | 0.0 (thin) |
| LUNR | 61.13 | 1.19 | 51.20 | 0.0 (thin) |
| SGOV | 2.99 | 0.07 | 42.55 | 0.2 (thin) |
| AI | 161.21 | 8.85 | 18.22 | 0.2 (thin) |
| ANSEM | 81.32 | 7.25 | 11.22 | 0.4 (thin) |
| WULF | 143.78 | 16.31 | 8.82 | 0.2 (thin) |
| CASHCAT | 21.46 | 2.77 | 7.74 | 0.6 (thin) |
| IREN | 10.80 | 1.53 | 7.08 | 0.1 (thin) |
| BE | 8.91 | 1.31 | 6.81 | 0.4 (thin) |
| SMCI | 12.92 | 1.92 | 6.71 | 0.1 (thin) |
| SLV | 4.75 | 0.73 | 6.49 | 0.5 (thin) |
| BABA | 7.32 | 1.38 | 5.31 | 0.6 (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.