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 11, 22:47 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.01h elapsed · started 2026-10-11T16:47:07.140Z · 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
-2.29
mk+10s bps
-0.74
spread bps
0.86
fills/hr
10.5
strict fills
63
marginal
0
replaces
341
capture $
-1.442
inv now $
300
mkt $/hr
$2,802,351
15% clip cap
$40089
COINsession gate
capture bps
0.64
mk+10s bps
0.13
spread bps
1.64
fills/hr
66.4
strict fills
399
marginal
7
replaces
599
capture $
2.552
inv now $
-200
mkt $/hr
$101,933
15% clip cap
$230
ORCLsession gate
capture bps
1.03
mk+10s bps
0.95
spread bps
2.81
fills/hr
51.6
strict fills
310
marginal
4
replaces
400
capture $
3.198
inv now $
200
mkt $/hr
$51,895
15% clip cap
$151
AAPLsession gate
capture bps
0.66
mk+10s bps
0.48
spread bps
0.30
fills/hr
51.6
strict fills
310
marginal
3
replaces
329
capture $
2.037
inv now $
-100
mkt $/hr
$814,451
15% clip cap
$2368
SUI
capture bps
0.44
mk+10s bps
1.29
spread bps
4.26
fills/hr
24.1
strict fills
145
marginal
0
replaces
846
capture $
0.636
inv now $
300
mkt $/hr
$48,800
15% clip cap
$303
NEAR
capture bps
1.48
mk+10s bps
-1.88
spread bps
1.89
fills/hr
240.5
strict fills
1445
marginal
14
replaces
2336
capture $
21.406
inv now $
-300
mkt $/hr
$804,064
15% clip cap
$501

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 | 0.86 | 63 | 0 | 10.5 | 341 | -1.442 | -2.29 | -0.74 | 300 | $2,802,351 | $40089 |
| COIN ⏰ | 1.64 | 399 | 7 | 66.4 | 599 | 2.552 | 0.64 | 0.13 | -200 | $101,933 | $230 |
| ORCL ⏰ | 2.81 | 310 | 4 | 51.6 | 400 | 3.198 | 1.03 | 0.95 | 200 | $51,895 | $151 |
| AAPL ⏰ | 0.30 | 310 | 3 | 51.6 | 329 | 2.037 | 0.66 | 0.48 | -100 | $814,451 | $2368 |
| SUI | 4.26 | 145 | 0 | 24.1 | 846 | 0.636 | 0.44 | 1.29 | 300 | $48,800 | $303 |
| NEAR | 1.89 | 1445 | 14 | 240.5 | 2336 | 21.406 | 1.48 | -1.88 | -300 | $804,064 | $501 |

⏰ = 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 55hyperliquid 0local 8
COIN
binance 0hyperliquid 0local 406
ORCL
binance 0hyperliquid 0local 314
AAPL
binance 0hyperliquid 0local 313
SUI
binance 144hyperliquid 1local 0
NEAR
binance 1456hyperliquid 3local 0

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

LUNR
spread bps
75.29
ratio
17.00
trades/min
0.0 (thin)
vol1s bps
4.43
SHEIN
spread bps
41.59
ratio
11.08
trades/min
0.1 (thin)
vol1s bps
3.75
BE
spread bps
6.38
ratio
10.78
trades/min
0.4 (thin)
vol1s bps
0.59
SOFI
spread bps
16.55
ratio
10.04
trades/min
0.1 (thin)
vol1s bps
1.65
SLV
spread bps
17.49
ratio
8.98
trades/min
0.1 (thin)
vol1s bps
1.95
SGOV
spread bps
1.99
ratio
8.48
trades/min
0.2 (thin)
vol1s bps
0.24
ORCL
spread bps
3.52
ratio
7.38
trades/min
2.7
vol1s bps
0.48
ASTS
spread bps
8.00
ratio
6.86
trades/min
0.0 (thin)
vol1s bps
1.17
AI
spread bps
57.97
ratio
6.76
trades/min
0.7 (thin)
vol1s bps
8.58
RGTI
spread bps
70.52
ratio
6.25
trades/min
0.0 (thin)
vol1s bps
11.29
WULF
spread bps
41.28
ratio
6.05
trades/min
0.0 (thin)
vol1s bps
6.82
CLSK
spread bps
39.77
ratio
5.95
trades/min
0.1 (thin)
vol1s bps
6.69

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| LUNR | 75.29 | 4.43 | 17.00 | 0.0 (thin) |
| SHEIN | 41.59 | 3.75 | 11.08 | 0.1 (thin) |
| BE | 6.38 | 0.59 | 10.78 | 0.4 (thin) |
| SOFI | 16.55 | 1.65 | 10.04 | 0.1 (thin) |
| SLV | 17.49 | 1.95 | 8.98 | 0.1 (thin) |
| SGOV | 1.99 | 0.24 | 8.48 | 0.2 (thin) |
| ORCL | 3.52 | 0.48 | 7.38 | 2.7 |
| ASTS | 8.00 | 1.17 | 6.86 | 0.0 (thin) |
| AI | 57.97 | 8.58 | 6.76 | 0.7 (thin) |
| RGTI | 70.52 | 11.29 | 6.25 | 0.0 (thin) |
| WULF | 41.28 | 6.82 | 6.05 | 0.0 (thin) |
| CLSK | 39.77 | 6.69 | 5.95 | 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.