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, 20:10 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-16T14:09:48.343Z · 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
0.37
mk+10s bps
-1.93
spread bps
1.11
fills/hr
137.4
strict fills
825
marginal
0
replaces
1670
capture $
3.055
inv now $
300
mkt $/hr
$4,966,181
15% clip cap
$5421
COINsession gate
capture bps
—
mk+10s bps
—
spread bps
5.49
fills/hr
0.0
strict fills
0
marginal
0
replaces
0
capture $
0.000
inv now $
0
mkt $/hr
$0
15% clip cap
$0
ORCLsession gate
capture bps
—
mk+10s bps
—
spread bps
1.51
fills/hr
0.0
strict fills
0
marginal
0
replaces
0
capture $
0.000
inv now $
0
mkt $/hr
$0
15% clip cap
$0
AAPLsession gate
capture bps
—
mk+10s bps
—
spread bps
1.75
fills/hr
0.0
strict fills
0
marginal
0
replaces
0
capture $
0.000
inv now $
0
mkt $/hr
$0
15% clip cap
$0
SUI
capture bps
-3.97
mk+10s bps
-4.77
spread bps
3.14
fills/hr
34.8
strict fills
209
marginal
0
replaces
1672
capture $
-8.293
inv now $
300
mkt $/hr
$26,607
15% clip cap
$115
NEAR
capture bps
-0.78
mk+10s bps
-2.28
spread bps
3.97
fills/hr
112.6
strict fills
676
marginal
3
replaces
2406
capture $
-5.291
inv now $
300
mkt $/hr
$140,304
15% clip cap
$187

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 | 1.11 | 825 | 0 | 137.4 | 1670 | 3.055 | 0.37 | -1.93 | 300 | $4,966,181 | $5421 |
| COIN ⏰ | 5.49 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| ORCL ⏰ | 1.51 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| AAPL ⏰ | 1.75 | 0 | 0 | 0.0 | 0 | 0.000 | — | — | 0 | $0 | $0 |
| SUI | 3.14 | 209 | 0 | 34.8 | 1672 | -8.293 | -3.97 | -4.77 | 300 | $26,607 | $115 |
| NEAR | 3.97 | 676 | 3 | 112.6 | 2406 | -5.291 | -0.78 | -2.28 | 300 | $140,304 | $187 |

⏰ = 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 809hyperliquid 0local 16
COIN
binance 0hyperliquid 0local 0
ORCL
binance 0hyperliquid 0local 0
AAPL
binance 0hyperliquid 0local 0
SUI
binance 209hyperliquid 0local 0
NEAR
binance 679hyperliquid 0local 0

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

SGOV
spread bps
4.98
ratio
17.93
trades/min
0.2 (thin)
vol1s bps
0.28
WULF
spread bps
110.61
ratio
14.93
trades/min
0.1 (thin)
vol1s bps
7.41
ANSEM
spread bps
219.88
ratio
12.83
trades/min
0.0 (thin)
vol1s bps
17.14
LUNR
spread bps
63.75
ratio
12.13
trades/min
0.3 (thin)
vol1s bps
5.25
QBTS
spread bps
60.02
ratio
9.98
trades/min
0.0 (thin)
vol1s bps
6.01
SHEIN
spread bps
41.04
ratio
9.67
trades/min
0.3 (thin)
vol1s bps
4.24
CLSK
spread bps
41.29
ratio
7.33
trades/min
0.1 (thin)
vol1s bps
5.63
AI
spread bps
175.97
ratio
6.19
trades/min
0.1 (thin)
vol1s bps
28.44
SOFI
spread bps
17.00
ratio
5.74
trades/min
0.2 (thin)
vol1s bps
2.96
RGTI
spread bps
68.93
ratio
5.00
trades/min
0.1 (thin)
vol1s bps
13.77
USO
spread bps
7.02
ratio
3.21
trades/min
1.0 (thin)
vol1s bps
2.19
SLV
spread bps
3.84
ratio
3.03
trades/min
0.6 (thin)
vol1s bps
1.27

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SGOV | 4.98 | 0.28 | 17.93 | 0.2 (thin) |
| WULF | 110.61 | 7.41 | 14.93 | 0.1 (thin) |
| ANSEM | 219.88 | 17.14 | 12.83 | 0.0 (thin) |
| LUNR | 63.75 | 5.25 | 12.13 | 0.3 (thin) |
| QBTS | 60.02 | 6.01 | 9.98 | 0.0 (thin) |
| SHEIN | 41.04 | 4.24 | 9.67 | 0.3 (thin) |
| CLSK | 41.29 | 5.63 | 7.33 | 0.1 (thin) |
| AI | 175.97 | 28.44 | 6.19 | 0.1 (thin) |
| SOFI | 17.00 | 2.96 | 5.74 | 0.2 (thin) |
| RGTI | 68.93 | 13.77 | 5.00 | 0.1 (thin) |
| USO | 7.02 | 2.19 | 3.21 | 1.0 (thin) |
| SLV | 3.84 | 1.27 | 3.03 | 0.6 (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.