Hyperider
the lab · evolving in the open

The road is a live chart. We study it.

Under every drive is a research layer reading real market data — spreads, funding, book depth, maker vs taker — across seven venues. We study the tape to route each trade down the cheapest path and to surface signals, so all you have to do is drive right. Here's what we've learned so far, in plain English.

field notes
fees · maker vs taker
≈0.37 bps

Sitting still can be ~19× cheaper than crossing

On a maker-first venue we measured a clean drive costing about $0.01 on ~$272 of volume — roughly a twentieth of what crossing the spread (taker) would cost. The lesson baked into the game: driving smoothly and holding your lane is not just calmer, it's dramatically cheaper. Cruise mode routes maker-first for exactly this reason.

fees · zero-fee venues
$0 / $1M

When fees are zero, speed is free

Some venues charge nothing per trade. There, the usual trade-off between 'fast' and 'cheap' disappears — you can farm volume at full pace with no fee drag at all. We route those venues taker-first because there's no rebate to wait for. The road tells you which strategy the venue rewards.

fees · flat-fee venues

When every market costs the same, pick for liquidity — not price

On a flat-fee venue, a blue-chip crypto perp and a tokenized-stock perp cost the identical rate. So the right question stops being 'which is cheapest' and becomes 'which has the tightest book right now.' We surface that instead of a meaningless price comparison — and every trade still farms the same points.

routing · never stall

A cheap quote that never fills isn't cheap — it's nothing

Maker quotes only earn if the book fills them. On a competitive venue they can sit forever. So the router watches: if a resting quote hasn't filled in time, it crosses one leg as a taker so the ride keeps producing — then hands back to maker. Cheapest path first, but never silent.

safety · custody

The key that can drive but can't drain

Every venue integration uses a trade-only signing key: it can place small, capped orders on your behalf and can never withdraw or move funds. Your balance stays in your own account on the DEX. The whole system is built so the worst case is a small capped trade, never a drained wallet.

what we're studying next
  • Funding-rate timing — when holding a lane pays you to be there
  • Cross-venue routing — the same exposure at the lowest all-in cost
  • Book-depth signals — reading which lanes are safe to hold, and how long
  • Rebate capture — turning maker fills into a net-positive drive

We publish the findings, not the formulas. The goal is a public, growing library of what makes perp trading cheaper and safer for normal people — while the edge that powers the drive stays ours.

You don't need the math. Just drive.

The studying happens under the hood. You steer; we handle the cheapest, smartest path.

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