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, 05:35 UTC

cut short after 2.5h, published as a partial · published automatically by the fleet

Quote Engine v2 · PAPER report

interim · 2.54h elapsed · started 2026-10-17T02:37:24.479Z · 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
4.97
mk+10s bps
—
spread bps
0.88
fills/hr
5.9
strict fills
15
marginal
0
replaces
76
capture $
0.745
inv now $
300
mkt $/hr
$1,172,984
15% clip cap
$29743
COINsession gate
capture bps
0.02
mk+10s bps
-1.75
spread bps
2.88
fills/hr
52.1
strict fills
132
marginal
3
replaces
223
capture $
0.028
inv now $
-100
mkt $/hr
$131,560
15% clip cap
$379
ORCLsession gate
capture bps
2.60
mk+10s bps
-5.65
spread bps
2.34
fills/hr
9.9
strict fills
25
marginal
0
replaces
107
capture $
0.650
inv now $
-300
mkt $/hr
$17,342
15% clip cap
$264
AAPLsession gate
capture bps
0.25
mk+10s bps
0.22
spread bps
0.29
fills/hr
26.8
strict fills
68
marginal
2
replaces
79
capture $
0.167
inv now $
0
mkt $/hr
$291,228
15% clip cap
$1629
SUI
capture bps
11.24
mk+10s bps
-6.79
spread bps
2.06
fills/hr
13.4
strict fills
34
marginal
0
replaces
320
capture $
3.821
inv now $
200
mkt $/hr
$25,010
15% clip cap
$280
NEAR
capture bps
3.07
mk+10s bps
-0.11
spread bps
1.18
fills/hr
43.8
strict fills
111
marginal
0
replaces
455
capture $
3.412
inv now $
300
mkt $/hr
$120,562
15% clip cap
$413

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 | 0.88 | 15 | 0 | 5.9 | 76 | 0.745 | 4.97 | — | 300 | $1,172,984 | $29743 |
| COIN ⏰ | 2.88 | 132 | 3 | 52.1 | 223 | 0.028 | 0.02 | -1.75 | -100 | $131,560 | $379 |
| ORCL ⏰ | 2.34 | 25 | 0 | 9.9 | 107 | 0.650 | 2.60 | -5.65 | -300 | $17,342 | $264 |
| AAPL ⏰ | 0.29 | 68 | 2 | 26.8 | 79 | 0.167 | 0.25 | 0.22 | 0 | $291,228 | $1629 |
| SUI | 2.06 | 34 | 0 | 13.4 | 320 | 3.821 | 11.24 | -6.79 | 200 | $25,010 | $280 |
| NEAR | 1.18 | 111 | 0 | 43.8 | 455 | 3.412 | 3.07 | -0.11 | 300 | $120,562 | $413 |

⏰ = 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 5hyperliquid 0local 10
COIN
binance 0hyperliquid 0local 135
ORCL
binance 0hyperliquid 0local 25
AAPL
binance 0hyperliquid 0local 70
SUI
binance 34hyperliquid 0local 0
NEAR
binance 111hyperliquid 0local 0

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

WULF
spread bps
298.97
ratio
40.29
trades/min
0.1 (thin)
vol1s bps
7.42
SHEIN
spread bps
50.19
ratio
31.46
trades/min
0.1 (thin)
vol1s bps
1.60
CLSK
spread bps
109.48
ratio
21.67
trades/min
0.1 (thin)
vol1s bps
5.05
LUNR
spread bps
62.75
ratio
11.73
trades/min
0.2 (thin)
vol1s bps
5.35
BE
spread bps
5.91
ratio
10.13
trades/min
1.2 (thin)
vol1s bps
0.58
USO
spread bps
32.06
ratio
7.91
trades/min
1.8
vol1s bps
4.05
ANSEM
spread bps
86.54
ratio
7.79
trades/min
0.0 (thin)
vol1s bps
11.11
QBTS
spread bps
59.93
ratio
7.14
trades/min
0.0 (thin)
vol1s bps
8.40
SLV
spread bps
14.77
ratio
7.04
trades/min
0.5 (thin)
vol1s bps
2.10
ORCL
spread bps
3.12
ratio
5.63
trades/min
0.7 (thin)
vol1s bps
0.55
CRWV
spread bps
4.91
ratio
5.32
trades/min
0.9 (thin)
vol1s bps
0.92
RGTI
spread bps
70.16
ratio
4.87
trades/min
0.1 (thin)
vol1s bps
14.40

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 298.97 | 7.42 | 40.29 | 0.1 (thin) |
| SHEIN | 50.19 | 1.60 | 31.46 | 0.1 (thin) |
| CLSK | 109.48 | 5.05 | 21.67 | 0.1 (thin) |
| LUNR | 62.75 | 5.35 | 11.73 | 0.2 (thin) |
| BE | 5.91 | 0.58 | 10.13 | 1.2 (thin) |
| USO | 32.06 | 4.05 | 7.91 | 1.8 |
| ANSEM | 86.54 | 11.11 | 7.79 | 0.0 (thin) |
| QBTS | 59.93 | 8.40 | 7.14 | 0.0 (thin) |
| SLV | 14.77 | 2.10 | 7.04 | 0.5 (thin) |
| ORCL | 3.12 | 0.55 | 5.63 | 0.7 (thin) |
| CRWV | 4.91 | 0.92 | 5.32 | 0.9 (thin) |
| RGTI | 70.16 | 14.40 | 4.87 | 0.1 (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. Interim — numbers move until the run completes.