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, 16:58 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-12T10:58:47.022Z · 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
-0.18
mk+10s bps
—
spread bps
0.91
fills/hr
66.8
strict fills
401
marginal
0
replaces
970
capture $
-0.714
inv now $
300
mkt $/hr
$6,168,962
15% clip cap
$13848
COINsession gate
capture bps
0.60
mk+10s bps
-0.07
spread bps
3.89
fills/hr
62.2
strict fills
373
marginal
7
replaces
552
capture $
2.234
inv now $
0
mkt $/hr
$91,852
15% clip cap
$222
ORCLsession gate
capture bps
0.43
mk+10s bps
0.44
spread bps
2.84
fills/hr
23.0
strict fills
138
marginal
3
replaces
250
capture $
0.596
inv now $
0
mkt $/hr
$5,756
15% clip cap
$38
AAPLsession gate
capture bps
0.70
mk+10s bps
0.45
spread bps
0.59
fills/hr
130.5
strict fills
783
marginal
11
replaces
846
capture $
5.495
inv now $
0
mkt $/hr
$424,115
15% clip cap
$488
SUI
capture bps
-4.02
mk+10s bps
-0.56
spread bps
3.94
fills/hr
52.7
strict fills
316
marginal
1
replaces
1468
capture $
-12.690
inv now $
300
mkt $/hr
$43,286
15% clip cap
$123
NEAR
capture bps
-1.05
mk+10s bps
-1.23
spread bps
3.33
fills/hr
155.6
strict fills
934
marginal
3
replaces
2380
capture $
-9.818
inv now $
300
mkt $/hr
$459,969
15% clip cap
$443

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 | 0.91 | 401 | 0 | 66.8 | 970 | -0.714 | -0.18 | — | 300 | $6,168,962 | $13848 |
| COIN ⏰ | 3.89 | 373 | 7 | 62.2 | 552 | 2.234 | 0.60 | -0.07 | 0 | $91,852 | $222 |
| ORCL ⏰ | 2.84 | 138 | 3 | 23.0 | 250 | 0.596 | 0.43 | 0.44 | 0 | $5,756 | $38 |
| AAPL ⏰ | 0.59 | 783 | 11 | 130.5 | 846 | 5.495 | 0.70 | 0.45 | 0 | $424,115 | $488 |
| SUI | 3.94 | 316 | 1 | 52.7 | 1468 | -12.690 | -4.02 | -0.56 | 300 | $43,286 | $123 |
| NEAR | 3.33 | 934 | 3 | 155.6 | 2380 | -9.818 | -1.05 | -1.23 | 300 | $459,969 | $443 |

⏰ = 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 401hyperliquid 0local 0
COIN
binance 0hyperliquid 0local 380
ORCL
binance 0hyperliquid 0local 141
AAPL
binance 0hyperliquid 0local 794
SUI
binance 317hyperliquid 0local 0
NEAR
binance 937hyperliquid 0local 0

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

WULF
spread bps
181.46
ratio
47.15
trades/min
0.0 (thin)
vol1s bps
3.85
SGOV
spread bps
6.97
ratio
20.43
trades/min
0.1 (thin)
vol1s bps
0.34
SOFI
spread bps
23.36
ratio
17.51
trades/min
0.1 (thin)
vol1s bps
1.33
LUNR
spread bps
65.84
ratio
17.04
trades/min
0.0 (thin)
vol1s bps
3.86
CLSK
spread bps
67.07
ratio
10.03
trades/min
0.0 (thin)
vol1s bps
6.69
AI
spread bps
210.48
ratio
8.60
trades/min
0.1 (thin)
vol1s bps
24.46
SHEIN
spread bps
39.46
ratio
7.20
trades/min
0.4 (thin)
vol1s bps
5.48
USAR
spread bps
18.32
ratio
6.95
trades/min
0.2 (thin)
vol1s bps
2.64
RGTI
spread bps
67.87
ratio
6.90
trades/min
0.0 (thin)
vol1s bps
9.83
USO
spread bps
9.99
ratio
6.51
trades/min
1.2 (thin)
vol1s bps
1.53
QBTS
spread bps
55.03
ratio
6.04
trades/min
0.0 (thin)
vol1s bps
9.12
TSM
spread bps
6.35
ratio
5.95
trades/min
1.4 (thin)
vol1s bps
1.07

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| WULF | 181.46 | 3.85 | 47.15 | 0.0 (thin) |
| SGOV | 6.97 | 0.34 | 20.43 | 0.1 (thin) |
| SOFI | 23.36 | 1.33 | 17.51 | 0.1 (thin) |
| LUNR | 65.84 | 3.86 | 17.04 | 0.0 (thin) |
| CLSK | 67.07 | 6.69 | 10.03 | 0.0 (thin) |
| AI | 210.48 | 24.46 | 8.60 | 0.1 (thin) |
| SHEIN | 39.46 | 5.48 | 7.20 | 0.4 (thin) |
| USAR | 18.32 | 2.64 | 6.95 | 0.2 (thin) |
| RGTI | 67.87 | 9.83 | 6.90 | 0.0 (thin) |
| USO | 9.99 | 1.53 | 6.51 | 1.2 (thin) |
| QBTS | 55.03 | 9.12 | 6.04 | 0.0 (thin) |
| TSM | 6.35 | 1.07 | 5.95 | 1.4 (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.