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, 13:56 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-16T07:56:47.854Z · 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
0.21
mk+10s bps
-1.14
spread bps
1.21
fills/hr
88.1
strict fills
529
marginal
0
replaces
1046
capture $
1.124
inv now $
300
mkt $/hr
$4,268,086
15% clip cap
$7263
COINsession gate
capture bps
0.65
mk+10s bps
-0.24
spread bps
3.87
fills/hr
150.0
strict fills
900
marginal
15
replaces
1370
capture $
5.861
inv now $
0
mkt $/hr
$233,969
15% clip cap
$234
ORCLsession gate
capture bps
1.65
mk+10s bps
-1.13
spread bps
3.75
fills/hr
23.3
strict fills
140
marginal
0
replaces
502
capture $
2.304
inv now $
0
mkt $/hr
$63,852
15% clip cap
$411
AAPLsession gate
capture bps
0.63
mk+10s bps
-0.06
spread bps
2.30
fills/hr
336.4
strict fills
2019
marginal
22
replaces
2234
capture $
12.700
inv now $
0
mkt $/hr
$1,309,179
15% clip cap
$584
SUI
capture bps
0.35
mk+10s bps
-3.21
spread bps
2.31
fills/hr
19.8
strict fills
119
marginal
0
replaces
985
capture $
0.422
inv now $
300
mkt $/hr
$19,127
15% clip cap
$145
NEAR
capture bps
0.75
mk+10s bps
-0.90
spread bps
1.72
fills/hr
134.3
strict fills
806
marginal
9
replaces
1854
capture $
6.067
inv now $
300
mkt $/hr
$117,261
15% clip cap
$131

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 | 1.21 | 529 | 0 | 88.1 | 1046 | 1.124 | 0.21 | -1.14 | 300 | $4,268,086 | $7263 |
| COIN ⏰ | 3.87 | 900 | 15 | 150.0 | 1370 | 5.861 | 0.65 | -0.24 | 0 | $233,969 | $234 |
| ORCL ⏰ | 3.75 | 140 | 0 | 23.3 | 502 | 2.304 | 1.65 | -1.13 | 0 | $63,852 | $411 |
| AAPL ⏰ | 2.30 | 2019 | 22 | 336.4 | 2234 | 12.700 | 0.63 | -0.06 | 0 | $1,309,179 | $584 |
| SUI | 2.31 | 119 | 0 | 19.8 | 985 | 0.422 | 0.35 | -3.21 | 300 | $19,127 | $145 |
| NEAR | 1.72 | 806 | 9 | 134.3 | 1854 | 6.067 | 0.75 | -0.90 | 300 | $117,261 | $131 |

⏰ = 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 525hyperliquid 0local 4
COIN
binance 0hyperliquid 0local 915
ORCL
binance 0hyperliquid 0local 140
AAPL
binance 0hyperliquid 0local 2041
SUI
binance 119hyperliquid 0local 0
NEAR
binance 815hyperliquid 0local 0

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

WULF
spread bps
157.42
ratio
27.73
trades/min
0.1 (thin)
vol1s bps
5.68
SGOV
spread bps
1.99
ratio
24.91
trades/min
0.2 (thin)
vol1s bps
0.08
AI
spread bps
292.97
ratio
14.40
trades/min
0.1 (thin)
vol1s bps
20.34
LUNR
spread bps
68.89
ratio
12.09
trades/min
0.1 (thin)
vol1s bps
5.70
CLSK
spread bps
44.75
ratio
11.77
trades/min
0.0 (thin)
vol1s bps
3.80
RGTI
spread bps
65.09
ratio
11.09
trades/min
0.1 (thin)
vol1s bps
5.87
SHEIN
spread bps
53.09
ratio
10.17
trades/min
0.8 (thin)
vol1s bps
5.22
QBTS
spread bps
59.40
ratio
9.83
trades/min
0.0 (thin)
vol1s bps
6.04
USAR
spread bps
15.30
ratio
9.28
trades/min
0.3 (thin)
vol1s bps
1.65
ANSEM
spread bps
164.95
ratio
8.20
trades/min
0.0 (thin)
vol1s bps
20.11
SOFI
spread bps
12.54
ratio
6.37
trades/min
0.1 (thin)
vol1s bps
1.97
ORCL
spread bps
2.98
ratio
5.67
trades/min
0.7 (thin)
vol1s bps
0.53

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 157.42 | 5.68 | 27.73 | 0.1 (thin) |
| SGOV | 1.99 | 0.08 | 24.91 | 0.2 (thin) |
| AI | 292.97 | 20.34 | 14.40 | 0.1 (thin) |
| LUNR | 68.89 | 5.70 | 12.09 | 0.1 (thin) |
| CLSK | 44.75 | 3.80 | 11.77 | 0.0 (thin) |
| RGTI | 65.09 | 5.87 | 11.09 | 0.1 (thin) |
| SHEIN | 53.09 | 5.22 | 10.17 | 0.8 (thin) |
| QBTS | 59.40 | 6.04 | 9.83 | 0.0 (thin) |
| USAR | 15.30 | 1.65 | 9.28 | 0.3 (thin) |
| ANSEM | 164.95 | 20.11 | 8.20 | 0.0 (thin) |
| SOFI | 12.54 | 1.97 | 6.37 | 0.1 (thin) |
| ORCL | 2.98 | 0.53 | 5.67 | 0.7 (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.