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 15, 13:03 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-15T07:03:47.287Z · 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
0.35
mk+10s bps
-0.76
spread bps
1.50
fills/hr
71.5
strict fills
429
marginal
0
replaces
967
capture $
1.508
inv now $
300
mkt $/hr
$4,239,238
15% clip cap
$8894
COINsession gate
capture bps
-0.17
mk+10s bps
-0.75
spread bps
5.34
fills/hr
88.2
strict fills
529
marginal
5
replaces
1135
capture $
-0.913
inv now $
0
mkt $/hr
$124,761
15% clip cap
$212
ORCLsession gate
capture bps
0.46
mk+10s bps
-0.86
spread bps
2.34
fills/hr
28.5
strict fills
171
marginal
0
replaces
828
capture $
0.779
inv now $
0
mkt $/hr
$68,629
15% clip cap
$361
AAPLsession gate
capture bps
0.69
mk+10s bps
0.41
spread bps
0.87
fills/hr
364.2
strict fills
2185
marginal
24
replaces
2397
capture $
15.151
inv now $
0
mkt $/hr
$1,639,452
15% clip cap
$675
SUI
capture bps
-4.49
mk+10s bps
-5.04
spread bps
3.40
fills/hr
37.5
strict fills
225
marginal
0
replaces
1085
capture $
-10.102
inv now $
300
mkt $/hr
$28,650
15% clip cap
$115
NEAR
capture bps
-1.07
mk+10s bps
-1.10
spread bps
3.06
fills/hr
84.8
strict fills
509
marginal
2
replaces
1467
capture $
-5.466
inv now $
-300
mkt $/hr
$121,002
15% clip cap
$214

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 | 1.50 | 429 | 0 | 71.5 | 967 | 1.508 | 0.35 | -0.76 | 300 | $4,239,238 | $8894 |
| COIN ⏰ | 5.34 | 529 | 5 | 88.2 | 1135 | -0.913 | -0.17 | -0.75 | 0 | $124,761 | $212 |
| ORCL ⏰ | 2.34 | 171 | 0 | 28.5 | 828 | 0.779 | 0.46 | -0.86 | 0 | $68,629 | $361 |
| AAPL ⏰ | 0.87 | 2185 | 24 | 364.2 | 2397 | 15.151 | 0.69 | 0.41 | 0 | $1,639,452 | $675 |
| SUI | 3.40 | 225 | 0 | 37.5 | 1085 | -10.102 | -4.49 | -5.04 | 300 | $28,650 | $115 |
| NEAR | 3.06 | 509 | 2 | 84.8 | 1467 | -5.466 | -1.07 | -1.10 | -300 | $121,002 | $214 |

⏰ = 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 418hyperliquid 0local 11
COIN
binance 0hyperliquid 0local 534
ORCL
binance 0hyperliquid 0local 171
AAPL
binance 0hyperliquid 0local 2209
SUI
binance 225hyperliquid 0local 0
NEAR
binance 511hyperliquid 0local 0

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

WULF
spread bps
136.79
ratio
104.40
trades/min
0.4 (thin)
vol1s bps
1.31
AI
spread bps
199.84
ratio
74.91
trades/min
0.3 (thin)
vol1s bps
2.67
RGTI
spread bps
42.57
ratio
13.05
trades/min
0.1 (thin)
vol1s bps
3.26
LUNR
spread bps
68.39
ratio
11.29
trades/min
0.1 (thin)
vol1s bps
6.06
SMCI
spread bps
14.04
ratio
9.19
trades/min
0.0 (thin)
vol1s bps
1.53
USAR
spread bps
13.79
ratio
8.56
trades/min
0.2 (thin)
vol1s bps
1.61
QBTS
spread bps
43.38
ratio
7.25
trades/min
0.0 (thin)
vol1s bps
5.99
SOFI
spread bps
9.95
ratio
6.66
trades/min
0.1 (thin)
vol1s bps
1.49
BE
spread bps
10.83
ratio
5.79
trades/min
0.4 (thin)
vol1s bps
1.87
SGOV
spread bps
4.98
ratio
5.69
trades/min
0.1 (thin)
vol1s bps
0.87
ANSEM
spread bps
145.22
ratio
5.16
trades/min
0.0 (thin)
vol1s bps
28.16
ORCL
spread bps
5.47
ratio
5.09
trades/min
2.4
vol1s bps
1.07

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 136.79 | 1.31 | 104.40 | 0.4 (thin) |
| AI | 199.84 | 2.67 | 74.91 | 0.3 (thin) |
| RGTI | 42.57 | 3.26 | 13.05 | 0.1 (thin) |
| LUNR | 68.39 | 6.06 | 11.29 | 0.1 (thin) |
| SMCI | 14.04 | 1.53 | 9.19 | 0.0 (thin) |
| USAR | 13.79 | 1.61 | 8.56 | 0.2 (thin) |
| QBTS | 43.38 | 5.99 | 7.25 | 0.0 (thin) |
| SOFI | 9.95 | 1.49 | 6.66 | 0.1 (thin) |
| BE | 10.83 | 1.87 | 5.79 | 0.4 (thin) |
| SGOV | 4.98 | 0.87 | 5.69 | 0.1 (thin) |
| ANSEM | 145.22 | 28.16 | 5.16 | 0.0 (thin) |
| ORCL | 5.47 | 1.07 | 5.09 | 2.4 |

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.