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 17, 02:24 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-16T20:23:59.525Z · 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
-1.46
mk+10s bps
—
spread bps
0.54
fills/hr
5.5
strict fills
33
marginal
0
replaces
234
capture $
-0.481
inv now $
300
mkt $/hr
$2,195,790
15% clip cap
$59965
COINsession gate
capture bps
0.50
mk+10s bps
0.09
spread bps
3.47
fills/hr
48.4
strict fills
291
marginal
2
replaces
536
capture $
1.469
inv now $
-300
mkt $/hr
$154,680
15% clip cap
$479
ORCLsession gate
capture bps
-0.27
mk+10s bps
-2.37
spread bps
3.12
fills/hr
18.1
strict fills
109
marginal
1
replaces
350
capture $
-0.299
inv now $
-200
mkt $/hr
$60,483
15% clip cap
$500
AAPLsession gate
capture bps
0.58
mk+10s bps
0.44
spread bps
0.58
fills/hr
127.2
strict fills
764
marginal
9
replaces
828
capture $
4.420
inv now $
-100
mkt $/hr
$1,307,254
15% clip cap
$1542
SUI
capture bps
-9.85
mk+10s bps
-8.01
spread bps
2.09
fills/hr
10.5
strict fills
63
marginal
0
replaces
756
capture $
-6.207
inv now $
300
mkt $/hr
$20,860
15% clip cap
$298
NEAR
capture bps
0.11
mk+10s bps
-3.08
spread bps
2.77
fills/hr
46.1
strict fills
277
marginal
4
replaces
1170
capture $
0.293
inv now $
300
mkt $/hr
$77,367
15% clip cap
$252

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 | 0.54 | 33 | 0 | 5.5 | 234 | -0.481 | -1.46 | — | 300 | $2,195,790 | $59965 |
| COIN ⏰ | 3.47 | 291 | 2 | 48.4 | 536 | 1.469 | 0.50 | 0.09 | -300 | $154,680 | $479 |
| ORCL ⏰ | 3.12 | 109 | 1 | 18.1 | 350 | -0.299 | -0.27 | -2.37 | -200 | $60,483 | $500 |
| AAPL ⏰ | 0.58 | 764 | 9 | 127.2 | 828 | 4.420 | 0.58 | 0.44 | -100 | $1,307,254 | $1542 |
| SUI | 2.09 | 63 | 0 | 10.5 | 756 | -6.207 | -9.85 | -8.01 | 300 | $20,860 | $298 |
| NEAR | 2.77 | 277 | 4 | 46.1 | 1170 | 0.293 | 0.11 | -3.08 | 300 | $77,367 | $252 |

⏰ = 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 28hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 293
ORCL
binance 0hyperliquid 0local 110
AAPL
binance 0hyperliquid 0local 773
SUI
binance 63hyperliquid 0local 0
NEAR
binance 281hyperliquid 0local 0

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

SHEIN
spread bps
53.01
ratio
33.23
trades/min
0.1 (thin)
vol1s bps
1.59
LUNR
spread bps
74.14
ratio
13.86
trades/min
0.2 (thin)
vol1s bps
5.35
ANSEM
spread bps
159.56
ratio
13.57
trades/min
0.0 (thin)
vol1s bps
11.76
WULF
spread bps
94.03
ratio
12.67
trades/min
0.1 (thin)
vol1s bps
7.42
SGOV
spread bps
39.89
ratio
12.53
trades/min
0.2 (thin)
vol1s bps
3.18
QBTS
spread bps
60.13
ratio
9.21
trades/min
0.1 (thin)
vol1s bps
6.53
CLSK
spread bps
35.41
ratio
7.01
trades/min
0.1 (thin)
vol1s bps
5.05
USAR
spread bps
12.26
ratio
5.48
trades/min
0.6 (thin)
vol1s bps
2.24
RGTI
spread bps
70.02
ratio
4.84
trades/min
0.1 (thin)
vol1s bps
14.48
AI
spread bps
257.16
ratio
4.53
trades/min
0.1 (thin)
vol1s bps
56.73
SLV
spread bps
3.11
ratio
3.99
trades/min
0.3 (thin)
vol1s bps
0.78
AMC
spread bps
13.58
ratio
3.75
trades/min
0.4 (thin)
vol1s bps
3.62

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 53.01 | 1.59 | 33.23 | 0.1 (thin) |
| LUNR | 74.14 | 5.35 | 13.86 | 0.2 (thin) |
| ANSEM | 159.56 | 11.76 | 13.57 | 0.0 (thin) |
| WULF | 94.03 | 7.42 | 12.67 | 0.1 (thin) |
| SGOV | 39.89 | 3.18 | 12.53 | 0.2 (thin) |
| QBTS | 60.13 | 6.53 | 9.21 | 0.1 (thin) |
| CLSK | 35.41 | 5.05 | 7.01 | 0.1 (thin) |
| USAR | 12.26 | 2.24 | 5.48 | 0.6 (thin) |
| RGTI | 70.02 | 14.48 | 4.84 | 0.1 (thin) |
| AI | 257.16 | 56.73 | 4.53 | 0.1 (thin) |
| SLV | 3.11 | 0.78 | 3.99 | 0.3 (thin) |
| AMC | 13.58 | 3.62 | 3.75 | 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.