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 16, 01:29 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-15T19:29:48.712Z · 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
-1.29
mk+10s bps
-0.29
spread bps
0.73
fills/hr
8.5
strict fills
51
marginal
0
replaces
396
capture $
-0.660
inv now $
300
mkt $/hr
$2,755,008
15% clip cap
$48636
COINsession gate
capture bps
0.96
mk+10s bps
-0.99
spread bps
4.95
fills/hr
65.3
strict fills
392
marginal
5
replaces
721
capture $
3.754
inv now $
300
mkt $/hr
$38,684
15% clip cap
$89
ORCLsession gate
capture bps
-1.98
mk+10s bps
-23.21
spread bps
4.48
fills/hr
6.8
strict fills
41
marginal
0
replaces
319
capture $
-0.811
inv now $
-300
mkt $/hr
$25,477
15% clip cap
$559
AAPLsession gate
capture bps
0.55
mk+10s bps
0.42
spread bps
0.58
fills/hr
128.5
strict fills
771
marginal
3
replaces
862
capture $
4.221
inv now $
0
mkt $/hr
$579,057
15% clip cap
$676
SUI
capture bps
1.96
mk+10s bps
-8.04
spread bps
2.50
fills/hr
14.5
strict fills
87
marginal
0
replaces
928
capture $
1.701
inv now $
300
mkt $/hr
$21,735
15% clip cap
$225
NEAR
capture bps
0.95
mk+10s bps
-1.85
spread bps
3.75
fills/hr
170.3
strict fills
1022
marginal
13
replaces
2129
capture $
9.721
inv now $
300
mkt $/hr
$104,466
15% clip cap
$92

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 | 0.73 | 51 | 0 | 8.5 | 396 | -0.660 | -1.29 | -0.29 | 300 | $2,755,008 | $48636 |
| COIN ⏰ | 4.95 | 392 | 5 | 65.3 | 721 | 3.754 | 0.96 | -0.99 | 300 | $38,684 | $89 |
| ORCL ⏰ | 4.48 | 41 | 0 | 6.8 | 319 | -0.811 | -1.98 | -23.21 | -300 | $25,477 | $559 |
| AAPL ⏰ | 0.58 | 771 | 3 | 128.5 | 862 | 4.221 | 0.55 | 0.42 | 0 | $579,057 | $676 |
| SUI | 2.50 | 87 | 0 | 14.5 | 928 | 1.701 | 1.96 | -8.04 | 300 | $21,735 | $225 |
| NEAR | 3.75 | 1022 | 13 | 170.3 | 2129 | 9.721 | 0.95 | -1.85 | 300 | $104,466 | $92 |

⏰ = 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 46hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 397
ORCL
binance 0hyperliquid 0local 41
AAPL
binance 0hyperliquid 0local 774
SUI
binance 87hyperliquid 0local 0
NEAR
binance 1035hyperliquid 0local 0

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

SHEIN
spread bps
54.03
ratio
18.61
trades/min
0.2 (thin)
vol1s bps
2.90
RGTI
spread bps
69.18
ratio
16.56
trades/min
0.3 (thin)
vol1s bps
4.18
SOFI
spread bps
20.62
ratio
13.24
trades/min
0.1 (thin)
vol1s bps
1.56
QBTS
spread bps
58.33
ratio
9.53
trades/min
0.0 (thin)
vol1s bps
6.12
CLSK
spread bps
36.19
ratio
9.47
trades/min
0.0 (thin)
vol1s bps
3.82
AI
spread bps
371.40
ratio
9.11
trades/min
0.2 (thin)
vol1s bps
40.77
SGOV
spread bps
4.98
ratio
7.34
trades/min
0.2 (thin)
vol1s bps
0.68
ANSEM
spread bps
271.66
ratio
6.76
trades/min
0.0 (thin)
vol1s bps
40.18
LUNR
spread bps
61.98
ratio
6.22
trades/min
0.3 (thin)
vol1s bps
9.96
AMC
spread bps
26.49
ratio
4.96
trades/min
0.3 (thin)
vol1s bps
5.34
WULF
spread bps
21.22
ratio
3.25
trades/min
0.1 (thin)
vol1s bps
6.53
SLV
spread bps
2.90
ratio
3.02
trades/min
0.2 (thin)
vol1s bps
0.96

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 54.03 | 2.90 | 18.61 | 0.2 (thin) |
| RGTI | 69.18 | 4.18 | 16.56 | 0.3 (thin) |
| SOFI | 20.62 | 1.56 | 13.24 | 0.1 (thin) |
| QBTS | 58.33 | 6.12 | 9.53 | 0.0 (thin) |
| CLSK | 36.19 | 3.82 | 9.47 | 0.0 (thin) |
| AI | 371.40 | 40.77 | 9.11 | 0.2 (thin) |
| SGOV | 4.98 | 0.68 | 7.34 | 0.2 (thin) |
| ANSEM | 271.66 | 40.18 | 6.76 | 0.0 (thin) |
| LUNR | 61.98 | 9.96 | 6.22 | 0.3 (thin) |
| AMC | 26.49 | 5.34 | 4.96 | 0.3 (thin) |
| WULF | 21.22 | 6.53 | 3.25 | 0.1 (thin) |
| SLV | 2.90 | 0.96 | 3.02 | 0.2 (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.