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, 23:44 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-13T17:44:27.403Z · 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
-0.07
mk+10s bps
-0.01
spread bps
1.18
fills/hr
19.5
strict fills
117
marginal
0
replaces
416
capture $
-0.076
inv now $
300
mkt $/hr
$2,477,277
15% clip cap
$19056
COINsession gate
capture bps
0.15
mk+10s bps
-0.90
spread bps
2.20
fills/hr
26.0
strict fills
156
marginal
2
replaces
288
capture $
0.239
inv now $
-200
mkt $/hr
$28,655
15% clip cap
$165
ORCLsession gate
capture bps
0.73
mk+10s bps
-0.18
spread bps
3.49
fills/hr
21.3
strict fills
128
marginal
4
replaces
217
capture $
0.932
inv now $
200
mkt $/hr
$17,490
15% clip cap
$123
AAPLsession gate
capture bps
0.56
mk+10s bps
0.59
spread bps
0.59
fills/hr
50.8
strict fills
305
marginal
2
replaces
335
capture $
1.704
inv now $
100
mkt $/hr
$231,043
15% clip cap
$682
SUI
capture bps
-0.77
mk+10s bps
-5.85
spread bps
3.25
fills/hr
12.8
strict fills
77
marginal
0
replaces
1003
capture $
-0.592
inv now $
300
mkt $/hr
$12,371
15% clip cap
$145
NEAR
capture bps
0.19
mk+10s bps
-2.07
spread bps
3.17
fills/hr
87.8
strict fills
527
marginal
4
replaces
1752
capture $
1.004
inv now $
300
mkt $/hr
$144,730
15% clip cap
$247

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 | 1.18 | 117 | 0 | 19.5 | 416 | -0.076 | -0.07 | -0.01 | 300 | $2,477,277 | $19056 |
| COIN ⏰ | 2.20 | 156 | 2 | 26.0 | 288 | 0.239 | 0.15 | -0.90 | -200 | $28,655 | $165 |
| ORCL ⏰ | 3.49 | 128 | 4 | 21.3 | 217 | 0.932 | 0.73 | -0.18 | 200 | $17,490 | $123 |
| AAPL ⏰ | 0.59 | 305 | 2 | 50.8 | 335 | 1.704 | 0.56 | 0.59 | 100 | $231,043 | $682 |
| SUI | 3.25 | 77 | 0 | 12.8 | 1003 | -0.592 | -0.77 | -5.85 | 300 | $12,371 | $145 |
| NEAR | 3.17 | 527 | 4 | 87.8 | 1752 | 1.004 | 0.19 | -2.07 | 300 | $144,730 | $247 |

⏰ = 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 112hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 158
ORCL
binance 0hyperliquid 0local 132
AAPL
binance 0hyperliquid 0local 307
SUI
binance 74hyperliquid 3local 0
NEAR
binance 529hyperliquid 2local 0

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

OPENAI
spread bps
2.01
ratio
12.44
trades/min
181.5
vol1s bps
0.16
BABA
spread bps
4.52
ratio
10.36
trades/min
0.4 (thin)
vol1s bps
0.44
SGOV
spread bps
3.98
ratio
8.11
trades/min
0.4 (thin)
vol1s bps
0.49
CASHCAT
spread bps
18.37
ratio
7.77
trades/min
1.0 (thin)
vol1s bps
2.36
AI
spread bps
148.60
ratio
7.23
trades/min
0.2 (thin)
vol1s bps
20.54
CRWV
spread bps
7.76
ratio
4.82
trades/min
0.2 (thin)
vol1s bps
1.61
XAG
spread bps
1.69
ratio
4.18
trades/min
6.3
vol1s bps
0.40
INTC
spread bps
3.91
ratio
3.34
trades/min
2.1
vol1s bps
1.17
PONS
spread bps
9.77
ratio
3.33
trades/min
12.0
vol1s bps
2.93
MSFT
spread bps
3.47
ratio
3.18
trades/min
13.9
vol1s bps
1.09
CRCL
spread bps
3.44
ratio
3.14
trades/min
11.2
vol1s bps
1.09
TSM
spread bps
3.61
ratio
3.05
trades/min
1.3 (thin)
vol1s bps
1.18

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| OPENAI | 2.01 | 0.16 | 12.44 | 181.5 |
| BABA | 4.52 | 0.44 | 10.36 | 0.4 (thin) |
| SGOV | 3.98 | 0.49 | 8.11 | 0.4 (thin) |
| CASHCAT | 18.37 | 2.36 | 7.77 | 1.0 (thin) |
| AI | 148.60 | 20.54 | 7.23 | 0.2 (thin) |
| CRWV | 7.76 | 1.61 | 4.82 | 0.2 (thin) |
| XAG | 1.69 | 0.40 | 4.18 | 6.3 |
| INTC | 3.91 | 1.17 | 3.34 | 2.1 |
| PONS | 9.77 | 2.93 | 3.33 | 12.0 |
| MSFT | 3.47 | 1.09 | 3.18 | 13.9 |
| CRCL | 3.44 | 1.09 | 3.14 | 11.2 |
| TSM | 3.61 | 1.18 | 3.05 | 1.3 (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.