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 14, 18:24 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-14T12:24:08.721Z · 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
-0.02
mk+10s bps
-1.19
spread bps
1.16
fills/hr
250.1
strict fills
1501
marginal
0
replaces
2355
capture $
-0.367
inv now $
300
mkt $/hr
$6,735,671
15% clip cap
$4039
COINsession gate
capture bps
-2.11
mk+10s bps
-1.25
spread bps
2.80
fills/hr
23.2
strict fills
139
marginal
1
replaces
219
capture $
-2.936
inv now $
0
mkt $/hr
$27,712
15% clip cap
$179
ORCLsession gate
capture bps
-4.73
mk+10s bps
2.30
spread bps
3.58
fills/hr
14.3
strict fills
86
marginal
1
replaces
162
capture $
-4.069
inv now $
0
mkt $/hr
$15,137
15% clip cap
$158
AAPLsession gate
capture bps
0.86
mk+10s bps
0.13
spread bps
2.32
fills/hr
82.5
strict fills
495
marginal
10
replaces
561
capture $
4.245
inv now $
0
mkt $/hr
$123,789
15% clip cap
$225
SUI
capture bps
-0.89
mk+10s bps
-2.50
spread bps
0.88
fills/hr
37.2
strict fills
223
marginal
0
replaces
1652
capture $
-1.985
inv now $
300
mkt $/hr
$72,962
15% clip cap
$295
NEAR
capture bps
-0.12
mk+10s bps
-0.08
spread bps
1.66
fills/hr
276.3
strict fills
1658
marginal
5
replaces
3325
capture $
-1.910
inv now $
300
mkt $/hr
$439,346
15% clip cap
$239

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 | 1.16 | 1501 | 0 | 250.1 | 2355 | -0.367 | -0.02 | -1.19 | 300 | $6,735,671 | $4039 |
| COIN ⏰ | 2.80 | 139 | 1 | 23.2 | 219 | -2.936 | -2.11 | -1.25 | 0 | $27,712 | $179 |
| ORCL ⏰ | 3.58 | 86 | 1 | 14.3 | 162 | -4.069 | -4.73 | 2.30 | 0 | $15,137 | $158 |
| AAPL ⏰ | 2.32 | 495 | 10 | 82.5 | 561 | 4.245 | 0.86 | 0.13 | 0 | $123,789 | $225 |
| SUI | 0.88 | 223 | 0 | 37.2 | 1652 | -1.985 | -0.89 | -2.50 | 300 | $72,962 | $295 |
| NEAR | 1.66 | 1658 | 5 | 276.3 | 3325 | -1.910 | -0.12 | -0.08 | 300 | $439,346 | $239 |

⏰ = 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 1494hyperliquid 0local 7
COIN
binance 0hyperliquid 0local 140
ORCL
binance 0hyperliquid 0local 87
AAPL
binance 0hyperliquid 0local 505
SUI
binance 223hyperliquid 0local 0
NEAR
binance 1663hyperliquid 0local 0

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

BABA
spread bps
4.42
ratio
10.99
trades/min
0.7 (thin)
vol1s bps
0.40
TSM
spread bps
5.18
ratio
9.84
trades/min
1.1
vol1s bps
0.53
USO
spread bps
10.38
ratio
8.81
trades/min
2.3
vol1s bps
1.18
PLTR
spread bps
4.17
ratio
4.59
trades/min
3.9
vol1s bps
0.91
CASHCAT
spread bps
23.46
ratio
4.38
trades/min
0.7 (thin)
vol1s bps
5.36
VVV
spread bps
8.19
ratio
3.99
trades/min
1.3
vol1s bps
2.05
USAR
spread bps
11.64
ratio
3.89
trades/min
0.4 (thin)
vol1s bps
2.99
LIT
spread bps
4.51
ratio
3.39
trades/min
33.4
vol1s bps
1.33
META
spread bps
2.24
ratio
3.15
trades/min
8.7
vol1s bps
0.71
COIN
spread bps
2.75
ratio
3.00
trades/min
2.1
vol1s bps
0.92
CRCL
spread bps
2.73
ratio
2.87
trades/min
13.3
vol1s bps
0.95
TSLA
spread bps
2.66
ratio
2.78
trades/min
13.9
vol1s bps
0.96

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| BABA | 4.42 | 0.40 | 10.99 | 0.7 (thin) |
| TSM | 5.18 | 0.53 | 9.84 | 1.1 |
| USO | 10.38 | 1.18 | 8.81 | 2.3 |
| PLTR | 4.17 | 0.91 | 4.59 | 3.9 |
| CASHCAT | 23.46 | 5.36 | 4.38 | 0.7 (thin) |
| VVV | 8.19 | 2.05 | 3.99 | 1.3 |
| USAR | 11.64 | 2.99 | 3.89 | 0.4 (thin) |
| LIT | 4.51 | 1.33 | 3.39 | 33.4 |
| META | 2.24 | 0.71 | 3.15 | 8.7 |
| COIN | 2.75 | 0.92 | 3.00 | 2.1 |
| CRCL | 2.73 | 0.95 | 2.87 | 13.3 |
| TSLA | 2.66 | 0.96 | 2.78 | 13.9 |

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.