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 13, 05:09 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-12T23:09:04.949Z · 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
1.56
mk+10s bps
0.72
spread bps
0.81
fills/hr
74.8
strict fills
449
marginal
0
replaces
1014
capture $
6.986
inv now $
300
mkt $/hr
$4,066,751
15% clip cap
$8155
COINsession gate
capture bps
0.13
mk+10s bps
-0.91
spread bps
3.86
fills/hr
112.4
strict fills
675
marginal
11
replaces
1309
capture $
0.908
inv now $
0
mkt $/hr
$109,084
15% clip cap
$146
ORCLsession gate
capture bps
0.08
mk+10s bps
-0.65
spread bps
2.94
fills/hr
84.1
strict fills
505
marginal
12
replaces
984
capture $
0.415
inv now $
300
mkt $/hr
$22,460
15% clip cap
$40
AAPLsession gate
capture bps
0.72
mk+10s bps
0.54
spread bps
0.59
fills/hr
281.5
strict fills
1690
marginal
27
replaces
1816
capture $
12.201
inv now $
-100
mkt $/hr
$694,972
15% clip cap
$370
SUI
capture bps
2.09
mk+10s bps
-4.37
spread bps
3.01
fills/hr
41.0
strict fills
246
marginal
1
replaces
1039
capture $
5.144
inv now $
300
mkt $/hr
$24,822
15% clip cap
$91
NEAR
capture bps
2.13
mk+10s bps
-3.80
spread bps
4.12
fills/hr
155.4
strict fills
933
marginal
10
replaces
1858
capture $
19.882
inv now $
300
mkt $/hr
$339,846
15% clip cap
$328

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 | 0.81 | 449 | 0 | 74.8 | 1014 | 6.986 | 1.56 | 0.72 | 300 | $4,066,751 | $8155 |
| COIN ⏰ | 3.86 | 675 | 11 | 112.4 | 1309 | 0.908 | 0.13 | -0.91 | 0 | $109,084 | $146 |
| ORCL ⏰ | 2.94 | 505 | 12 | 84.1 | 984 | 0.415 | 0.08 | -0.65 | 300 | $22,460 | $40 |
| AAPL ⏰ | 0.59 | 1690 | 27 | 281.5 | 1816 | 12.201 | 0.72 | 0.54 | -100 | $694,972 | $370 |
| SUI | 3.01 | 246 | 1 | 41.0 | 1039 | 5.144 | 2.09 | -4.37 | 300 | $24,822 | $91 |
| NEAR | 4.12 | 933 | 10 | 155.4 | 1858 | 19.882 | 2.13 | -3.80 | 300 | $339,846 | $328 |

⏰ = 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 446hyperliquid 0local 3
COIN
binance 0hyperliquid 0local 686
ORCL
binance 0hyperliquid 0local 517
AAPL
binance 0hyperliquid 0local 1717
SUI
binance 247hyperliquid 0local 0
NEAR
binance 943hyperliquid 0local 0

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

AI
spread bps
781.88
ratio
18.20
trades/min
0.1 (thin)
vol1s bps
42.96
USO
spread bps
7.28
ratio
10.57
trades/min
0.3 (thin)
vol1s bps
0.69
PLTR
spread bps
2.45
ratio
8.22
trades/min
4.9
vol1s bps
0.30
TSM
spread bps
3.37
ratio
6.63
trades/min
1.1 (thin)
vol1s bps
0.51
ORCL
spread bps
2.92
ratio
6.42
trades/min
3.2
vol1s bps
0.45
META
spread bps
2.83
ratio
5.78
trades/min
5.6
vol1s bps
0.49
AMC
spread bps
18.48
ratio
5.51
trades/min
0.1 (thin)
vol1s bps
3.35
MSFT
spread bps
2.03
ratio
5.25
trades/min
9.0
vol1s bps
0.39
XAG
spread bps
1.28
ratio
4.63
trades/min
4.1
vol1s bps
0.28
BE
spread bps
8.82
ratio
3.61
trades/min
7.6
vol1s bps
2.44
AMZN
spread bps
1.54
ratio
3.56
trades/min
10.3
vol1s bps
0.43
AMD
spread bps
1.86
ratio
3.40
trades/min
5.0
vol1s bps
0.55

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| AI | 781.88 | 42.96 | 18.20 | 0.1 (thin) |
| USO | 7.28 | 0.69 | 10.57 | 0.3 (thin) |
| PLTR | 2.45 | 0.30 | 8.22 | 4.9 |
| TSM | 3.37 | 0.51 | 6.63 | 1.1 (thin) |
| ORCL | 2.92 | 0.45 | 6.42 | 3.2 |
| META | 2.83 | 0.49 | 5.78 | 5.6 |
| AMC | 18.48 | 3.35 | 5.51 | 0.1 (thin) |
| MSFT | 2.03 | 0.39 | 5.25 | 9.0 |
| XAG | 1.28 | 0.28 | 4.63 | 4.1 |
| BE | 8.82 | 2.44 | 3.61 | 7.6 |
| AMZN | 1.54 | 0.43 | 3.56 | 10.3 |
| AMD | 1.86 | 0.55 | 3.40 | 5.0 |

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.