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, 12:10 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-14T06:10:35.726Z · 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
1.22
mk+10s bps
—
spread bps
0.51
fills/hr
43.5
strict fills
261
marginal
0
replaces
643
capture $
3.180
inv now $
300
mkt $/hr
$2,965,833
15% clip cap
$10237
COINsession gate
capture bps
0.83
mk+10s bps
-0.28
spread bps
2.75
fills/hr
64.9
strict fills
390
marginal
6
replaces
808
capture $
3.222
inv now $
200
mkt $/hr
$60,261
15% clip cap
$139
ORCLsession gate
capture bps
0.43
mk+10s bps
0.85
spread bps
4.92
fills/hr
47.0
strict fills
282
marginal
8
replaces
675
capture $
1.203
inv now $
200
mkt $/hr
$17,762
15% clip cap
$57
AAPLsession gate
capture bps
0.60
mk+10s bps
0.16
spread bps
0.58
fills/hr
238.9
strict fills
1435
marginal
19
replaces
1552
capture $
8.644
inv now $
0
mkt $/hr
$1,426,989
15% clip cap
$896
SUI
capture bps
6.01
mk+10s bps
-5.81
spread bps
2.73
fills/hr
7.2
strict fills
43
marginal
0
replaces
794
capture $
2.585
inv now $
300
mkt $/hr
$28,870
15% clip cap
$605
NEAR
capture bps
0.65
mk+10s bps
-1.22
spread bps
3.32
fills/hr
103.7
strict fills
623
marginal
6
replaces
1501
capture $
4.026
inv now $
300
mkt $/hr
$82,724
15% clip cap
$120

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 | 0.51 | 261 | 0 | 43.5 | 643 | 3.180 | 1.22 | — | 300 | $2,965,833 | $10237 |
| COIN ⏰ | 2.75 | 390 | 6 | 64.9 | 808 | 3.222 | 0.83 | -0.28 | 200 | $60,261 | $139 |
| ORCL ⏰ | 4.92 | 282 | 8 | 47.0 | 675 | 1.203 | 0.43 | 0.85 | 200 | $17,762 | $57 |
| AAPL ⏰ | 0.58 | 1435 | 19 | 238.9 | 1552 | 8.644 | 0.60 | 0.16 | 0 | $1,426,989 | $896 |
| SUI | 2.73 | 43 | 0 | 7.2 | 794 | 2.585 | 6.01 | -5.81 | 300 | $28,870 | $605 |
| NEAR | 3.32 | 623 | 6 | 103.7 | 1501 | 4.026 | 0.65 | -1.22 | 300 | $82,724 | $120 |

⏰ = 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 246hyperliquid 0local 15
COIN
binance 0hyperliquid 0local 396
ORCL
binance 0hyperliquid 0local 290
AAPL
binance 0hyperliquid 0local 1454
SUI
binance 43hyperliquid 0local 0
NEAR
binance 629hyperliquid 0local 0

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

LUNR
spread bps
73.22
ratio
85.07
trades/min
0.0 (thin)
vol1s bps
0.86
QBTS
spread bps
49.90
ratio
68.51
trades/min
0.0 (thin)
vol1s bps
0.73
SGOV
spread bps
3.98
ratio
57.73
trades/min
0.2 (thin)
vol1s bps
0.07
WULF
spread bps
133.40
ratio
48.04
trades/min
0.0 (thin)
vol1s bps
2.78
USO
spread bps
9.81
ratio
11.25
trades/min
0.6 (thin)
vol1s bps
0.87
USAR
spread bps
12.39
ratio
9.98
trades/min
0.1 (thin)
vol1s bps
1.24
AI
spread bps
335.42
ratio
8.40
trades/min
0.6 (thin)
vol1s bps
39.92
ORCL
spread bps
5.60
ratio
7.39
trades/min
2.2
vol1s bps
0.76
CRWV
spread bps
10.37
ratio
7.25
trades/min
0.3 (thin)
vol1s bps
1.43
IREN
spread bps
11.23
ratio
5.90
trades/min
0.1 (thin)
vol1s bps
1.90
BABA
spread bps
9.70
ratio
5.86
trades/min
3.5
vol1s bps
1.65
MSFT
spread bps
2.38
ratio
5.15
trades/min
12.7
vol1s bps
0.46

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 73.22 | 0.86 | 85.07 | 0.0 (thin) |
| QBTS | 49.90 | 0.73 | 68.51 | 0.0 (thin) |
| SGOV | 3.98 | 0.07 | 57.73 | 0.2 (thin) |
| WULF | 133.40 | 2.78 | 48.04 | 0.0 (thin) |
| USO | 9.81 | 0.87 | 11.25 | 0.6 (thin) |
| USAR | 12.39 | 1.24 | 9.98 | 0.1 (thin) |
| AI | 335.42 | 39.92 | 8.40 | 0.6 (thin) |
| ORCL | 5.60 | 0.76 | 7.39 | 2.2 |
| CRWV | 10.37 | 1.43 | 7.25 | 0.3 (thin) |
| IREN | 11.23 | 1.90 | 5.90 | 0.1 (thin) |
| BABA | 9.70 | 1.65 | 5.86 | 3.5 |
| MSFT | 2.38 | 0.46 | 5.15 | 12.7 |

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.