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 12, 04:51 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-11T22:51:14.016Z · 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
1.51
mk+10s bps
-0.45
spread bps
0.51
fills/hr
21.2
strict fills
127
marginal
0
replaces
449
capture $
1.916
inv now $
300
mkt $/hr
$2,164,759
15% clip cap
$15342
COINsession gate
capture bps
0.72
mk+10s bps
-0.10
spread bps
2.72
fills/hr
107.7
strict fills
646
marginal
12
replaces
1074
capture $
4.666
inv now $
-200
mkt $/hr
$77,184
15% clip cap
$108
ORCLsession gate
capture bps
0.76
mk+10s bps
-0.18
spread bps
2.81
fills/hr
91.5
strict fills
549
marginal
8
replaces
867
capture $
4.153
inv now $
300
mkt $/hr
$91,113
15% clip cap
$149
AAPLsession gate
capture bps
0.60
mk+10s bps
0.42
spread bps
0.59
fills/hr
82.5
strict fills
495
marginal
11
replaces
541
capture $
2.953
inv now $
0
mkt $/hr
$557,542
15% clip cap
$1014
SUI
capture bps
2.08
mk+10s bps
-5.82
spread bps
3.70
fills/hr
28.5
strict fills
171
marginal
2
replaces
887
capture $
3.553
inv now $
300
mkt $/hr
$27,696
15% clip cap
$146
NEAR
capture bps
-0.03
mk+10s bps
-3.06
spread bps
2.89
fills/hr
215.2
strict fills
1291
marginal
10
replaces
2169
capture $
-0.406
inv now $
300
mkt $/hr
$498,848
15% clip cap
$348

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 | 0.51 | 127 | 0 | 21.2 | 449 | 1.916 | 1.51 | -0.45 | 300 | $2,164,759 | $15342 |
| COIN ⏰ | 2.72 | 646 | 12 | 107.7 | 1074 | 4.666 | 0.72 | -0.10 | -200 | $77,184 | $108 |
| ORCL ⏰ | 2.81 | 549 | 8 | 91.5 | 867 | 4.153 | 0.76 | -0.18 | 300 | $91,113 | $149 |
| AAPL ⏰ | 0.59 | 495 | 11 | 82.5 | 541 | 2.953 | 0.60 | 0.42 | 0 | $557,542 | $1014 |
| SUI | 3.70 | 171 | 2 | 28.5 | 887 | 3.553 | 2.08 | -5.82 | 300 | $27,696 | $146 |
| NEAR | 2.89 | 1291 | 10 | 215.2 | 2169 | -0.406 | -0.03 | -3.06 | 300 | $498,848 | $348 |

⏰ = 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 122hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 658
ORCL
binance 0hyperliquid 0local 557
AAPL
binance 0hyperliquid 0local 506
SUI
binance 173hyperliquid 0local 0
NEAR
binance 1301hyperliquid 0local 0

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

ANSEM
spread bps
57.12
ratio
23.88
trades/min
0.5 (thin)
vol1s bps
2.39
WULF
spread bps
127.62
ratio
19.17
trades/min
0.0 (thin)
vol1s bps
6.66
LUNR
spread bps
76.63
ratio
17.30
trades/min
0.0 (thin)
vol1s bps
4.43
AI
spread bps
320.89
ratio
15.49
trades/min
0.3 (thin)
vol1s bps
20.71
SHEIN
spread bps
53.15
ratio
13.25
trades/min
0.1 (thin)
vol1s bps
4.01
CLSK
spread bps
69.79
ratio
10.35
trades/min
0.1 (thin)
vol1s bps
6.74
IREN
spread bps
11.29
ratio
8.45
trades/min
0.0 (thin)
vol1s bps
1.34
BE
spread bps
3.20
ratio
6.86
trades/min
0.5 (thin)
vol1s bps
0.47
SGOV
spread bps
1.99
ratio
6.51
trades/min
0.2 (thin)
vol1s bps
0.31
SMCI
spread bps
7.45
ratio
6.35
trades/min
0.1 (thin)
vol1s bps
1.17
RGTI
spread bps
69.72
ratio
6.25
trades/min
0.0 (thin)
vol1s bps
11.16
SOFI
spread bps
10.15
ratio
5.99
trades/min
0.1 (thin)
vol1s bps
1.70

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| ANSEM | 57.12 | 2.39 | 23.88 | 0.5 (thin) |
| WULF | 127.62 | 6.66 | 19.17 | 0.0 (thin) |
| LUNR | 76.63 | 4.43 | 17.30 | 0.0 (thin) |
| AI | 320.89 | 20.71 | 15.49 | 0.3 (thin) |
| SHEIN | 53.15 | 4.01 | 13.25 | 0.1 (thin) |
| CLSK | 69.79 | 6.74 | 10.35 | 0.1 (thin) |
| IREN | 11.29 | 1.34 | 8.45 | 0.0 (thin) |
| BE | 3.20 | 0.47 | 6.86 | 0.5 (thin) |
| SGOV | 1.99 | 0.31 | 6.51 | 0.2 (thin) |
| SMCI | 7.45 | 1.17 | 6.35 | 0.1 (thin) |
| RGTI | 69.72 | 11.16 | 6.25 | 0.0 (thin) |
| SOFI | 10.15 | 1.70 | 5.99 | 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.