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 14, 05:57 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-13T23:57:39.534Z · 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
1.32
mk+10s bps
-0.50
spread bps
0.71
fills/hr
27.5
strict fills
165
marginal
0
replaces
557
capture $
2.172
inv now $
300
mkt $/hr
$2,143,262
15% clip cap
$11691
COINsession gate
capture bps
0.65
mk+10s bps
-0.63
spread bps
3.30
fills/hr
66.5
strict fills
399
marginal
6
replaces
878
capture $
2.583
inv now $
100
mkt $/hr
$94,811
15% clip cap
$214
ORCLsession gate
capture bps
0.58
mk+10s bps
-0.76
spread bps
4.91
fills/hr
45.7
strict fills
274
marginal
14
replaces
613
capture $
1.593
inv now $
200
mkt $/hr
$10,656
15% clip cap
$35
AAPLsession gate
capture bps
0.66
mk+10s bps
0.66
spread bps
0.58
fills/hr
158.7
strict fills
952
marginal
20
replaces
1023
capture $
6.330
inv now $
0
mkt $/hr
$1,023,535
15% clip cap
$968
SUI
capture bps
-1.67
mk+10s bps
-2.75
spread bps
3.54
fills/hr
15.2
strict fills
91
marginal
0
replaces
857
capture $
-1.522
inv now $
300
mkt $/hr
$27,178
15% clip cap
$269
NEAR
capture bps
0.24
mk+10s bps
-1.56
spread bps
3.80
fills/hr
194.7
strict fills
1168
marginal
7
replaces
2050
capture $
2.783
inv now $
300
mkt $/hr
$154,125
15% clip cap
$119

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 | 0.71 | 165 | 0 | 27.5 | 557 | 2.172 | 1.32 | -0.50 | 300 | $2,143,262 | $11691 |
| COIN ⏰ | 3.30 | 399 | 6 | 66.5 | 878 | 2.583 | 0.65 | -0.63 | 100 | $94,811 | $214 |
| ORCL ⏰ | 4.91 | 274 | 14 | 45.7 | 613 | 1.593 | 0.58 | -0.76 | 200 | $10,656 | $35 |
| AAPL ⏰ | 0.58 | 952 | 20 | 158.7 | 1023 | 6.330 | 0.66 | 0.66 | 0 | $1,023,535 | $968 |
| SUI | 3.54 | 91 | 0 | 15.2 | 857 | -1.522 | -1.67 | -2.75 | 300 | $27,178 | $269 |
| NEAR | 3.80 | 1168 | 7 | 194.7 | 2050 | 2.783 | 0.24 | -1.56 | 300 | $154,125 | $119 |

⏰ = 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 159hyperliquid 0local 6
COIN
binance 0hyperliquid 0local 405
ORCL
binance 0hyperliquid 0local 288
AAPL
binance 0hyperliquid 0local 972
SUI
binance 91hyperliquid 0local 0
NEAR
binance 1174hyperliquid 1local 0

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

LUNR
spread bps
62.27
ratio
74.35
trades/min
0.0 (thin)
vol1s bps
0.84
USO
spread bps
14.35
ratio
22.12
trades/min
0.5 (thin)
vol1s bps
0.65
SHEIN
spread bps
43.77
ratio
10.34
trades/min
0.1 (thin)
vol1s bps
4.23
WULF
spread bps
31.04
ratio
9.21
trades/min
0.0 (thin)
vol1s bps
3.37
AMC
spread bps
20.01
ratio
9.13
trades/min
0.7 (thin)
vol1s bps
2.19
USAR
spread bps
6.20
ratio
8.84
trades/min
0.2 (thin)
vol1s bps
0.70
ORCL
spread bps
4.19
ratio
7.39
trades/min
5.2
vol1s bps
0.57
IREN
spread bps
10.83
ratio
7.08
trades/min
0.1 (thin)
vol1s bps
1.53
PONS
spread bps
11.23
ratio
6.15
trades/min
11.8
vol1s bps
1.83
XRP
spread bps
2.20
ratio
5.77
trades/min
6.2
vol1s bps
0.38
CRWV
spread bps
7.69
ratio
5.66
trades/min
0.3 (thin)
vol1s bps
1.36
COIN
spread bps
3.31
ratio
5.56
trades/min
1.9
vol1s bps
0.59

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 62.27 | 0.84 | 74.35 | 0.0 (thin) |
| USO | 14.35 | 0.65 | 22.12 | 0.5 (thin) |
| SHEIN | 43.77 | 4.23 | 10.34 | 0.1 (thin) |
| WULF | 31.04 | 3.37 | 9.21 | 0.0 (thin) |
| AMC | 20.01 | 2.19 | 9.13 | 0.7 (thin) |
| USAR | 6.20 | 0.70 | 8.84 | 0.2 (thin) |
| ORCL | 4.19 | 0.57 | 7.39 | 5.2 |
| IREN | 10.83 | 1.53 | 7.08 | 0.1 (thin) |
| PONS | 11.23 | 1.83 | 6.15 | 11.8 |
| XRP | 2.20 | 0.38 | 5.77 | 6.2 |
| CRWV | 7.69 | 1.36 | 5.66 | 0.3 (thin) |
| COIN | 3.31 | 0.59 | 5.56 | 1.9 |

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.