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, 07:43 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-16T01:42:53.153Z · 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
0.46
mk+10s bps
0.21
spread bps
0.49
fills/hr
22.5
strict fills
135
marginal
0
replaces
533
capture $
0.624
inv now $
300
mkt $/hr
$2,441,585
15% clip cap
$16286
COINsession gate
capture bps
0.53
mk+10s bps
-0.14
spread bps
2.21
fills/hr
100.4
strict fills
603
marginal
9
replaces
1143
capture $
3.201
inv now $
-200
mkt $/hr
$47,585
15% clip cap
$71
ORCLsession gate
capture bps
-0.62
mk+10s bps
0.58
spread bps
2.98
fills/hr
17.0
strict fills
102
marginal
0
replaces
483
capture $
-0.630
inv now $
-200
mkt $/hr
$21,159
15% clip cap
$187
AAPLsession gate
capture bps
0.63
mk+10s bps
0.28
spread bps
0.58
fills/hr
120.1
strict fills
721
marginal
14
replaces
780
capture $
4.555
inv now $
-100
mkt $/hr
$1,135,036
15% clip cap
$1418
SUI
capture bps
5.64
mk+10s bps
-0.07
spread bps
2.78
fills/hr
24.5
strict fills
147
marginal
0
replaces
958
capture $
8.288
inv now $
300
mkt $/hr
$13,562
15% clip cap
$83
NEAR
capture bps
-0.58
mk+10s bps
-2.45
spread bps
3.07
fills/hr
127.3
strict fills
764
marginal
12
replaces
1701
capture $
-4.434
inv now $
200
mkt $/hr
$129,687
15% clip cap
$153

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 | 0.49 | 135 | 0 | 22.5 | 533 | 0.624 | 0.46 | 0.21 | 300 | $2,441,585 | $16286 |
| COIN ⏰ | 2.21 | 603 | 9 | 100.4 | 1143 | 3.201 | 0.53 | -0.14 | -200 | $47,585 | $71 |
| ORCL ⏰ | 2.98 | 102 | 0 | 17.0 | 483 | -0.630 | -0.62 | 0.58 | -200 | $21,159 | $187 |
| AAPL ⏰ | 0.58 | 721 | 14 | 120.1 | 780 | 4.555 | 0.63 | 0.28 | -100 | $1,135,036 | $1418 |
| SUI | 2.78 | 147 | 0 | 24.5 | 958 | 8.288 | 5.64 | -0.07 | 300 | $13,562 | $83 |
| NEAR | 3.07 | 764 | 12 | 127.3 | 1701 | -4.434 | -0.58 | -2.45 | 200 | $129,687 | $153 |

⏰ = 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 119hyperliquid 0local 16
COIN
binance 0hyperliquid 0local 612
ORCL
binance 0hyperliquid 0local 102
AAPL
binance 0hyperliquid 0local 735
SUI
binance 147hyperliquid 0local 0
NEAR
binance 776hyperliquid 0local 0

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

RGTI
spread bps
90.89
ratio
15.38
trades/min
0.2 (thin)
vol1s bps
5.91
AI
spread bps
270.95
ratio
13.40
trades/min
0.2 (thin)
vol1s bps
20.22
CLSK
spread bps
51.31
ratio
13.40
trades/min
0.0 (thin)
vol1s bps
3.83
USAR
spread bps
15.12
ratio
11.09
trades/min
0.4 (thin)
vol1s bps
1.36
SHEIN
spread bps
29.85
ratio
10.58
trades/min
0.1 (thin)
vol1s bps
2.82
QBTS
spread bps
55.49
ratio
9.07
trades/min
0.0 (thin)
vol1s bps
6.12
LUNR
spread bps
52.62
ratio
9.03
trades/min
0.1 (thin)
vol1s bps
5.83
SOFI
spread bps
12.56
ratio
8.43
trades/min
0.1 (thin)
vol1s bps
1.49
WULF
spread bps
42.77
ratio
6.36
trades/min
0.1 (thin)
vol1s bps
6.72
ANSEM
spread bps
218.77
ratio
5.78
trades/min
0.0 (thin)
vol1s bps
37.84
SLV
spread bps
3.29
ratio
5.58
trades/min
0.2 (thin)
vol1s bps
0.59
ORCL
spread bps
5.22
ratio
4.77
trades/min
0.4 (thin)
vol1s bps
1.09

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| RGTI | 90.89 | 5.91 | 15.38 | 0.2 (thin) |
| AI | 270.95 | 20.22 | 13.40 | 0.2 (thin) |
| CLSK | 51.31 | 3.83 | 13.40 | 0.0 (thin) |
| USAR | 15.12 | 1.36 | 11.09 | 0.4 (thin) |
| SHEIN | 29.85 | 2.82 | 10.58 | 0.1 (thin) |
| QBTS | 55.49 | 6.12 | 9.07 | 0.0 (thin) |
| LUNR | 52.62 | 5.83 | 9.03 | 0.1 (thin) |
| SOFI | 12.56 | 1.49 | 8.43 | 0.1 (thin) |
| WULF | 42.77 | 6.72 | 6.36 | 0.1 (thin) |
| ANSEM | 218.77 | 37.84 | 5.78 | 0.0 (thin) |
| SLV | 3.29 | 0.59 | 5.58 | 0.2 (thin) |
| ORCL | 5.22 | 1.09 | 4.77 | 0.4 (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.