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 15, 00:37 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-14T18:37:23.871Z · 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
0.90
mk+10s bps
-0.67
spread bps
1.37
fills/hr
23.2
strict fills
139
marginal
0
replaces
586
capture $
1.248
inv now $
300
mkt $/hr
$2,567,655
15% clip cap
$16636
COINsession gate
capture bps
1.50
mk+10s bps
-0.27
spread bps
3.49
fills/hr
53.6
strict fills
322
marginal
1
replaces
647
capture $
4.841
inv now $
100
mkt $/hr
$122,696
15% clip cap
$343
ORCLsession gate
capture bps
-0.49
mk+10s bps
-0.11
spread bps
3.87
fills/hr
61.5
strict fills
369
marginal
12
replaces
769
capture $
-1.790
inv now $
300
mkt $/hr
$45,703
15% clip cap
$112
AAPLsession gate
capture bps
0.64
mk+10s bps
0.57
spread bps
0.87
fills/hr
220.4
strict fills
1323
marginal
20
replaces
1460
capture $
8.411
inv now $
-100
mkt $/hr
$602,396
15% clip cap
$410
SUI
capture bps
-1.87
mk+10s bps
-4.16
spread bps
3.12
fills/hr
11.5
strict fills
69
marginal
0
replaces
1036
capture $
-1.292
inv now $
300
mkt $/hr
$17,569
15% clip cap
$229
NEAR
capture bps
0.54
mk+10s bps
-1.89
spread bps
4.33
fills/hr
63.5
strict fills
381
marginal
4
replaces
1536
capture $
2.059
inv now $
100
mkt $/hr
$97,393
15% clip cap
$230

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 | 1.37 | 139 | 0 | 23.2 | 586 | 1.248 | 0.90 | -0.67 | 300 | $2,567,655 | $16636 |
| COIN ⏰ | 3.49 | 322 | 1 | 53.6 | 647 | 4.841 | 1.50 | -0.27 | 100 | $122,696 | $343 |
| ORCL ⏰ | 3.87 | 369 | 12 | 61.5 | 769 | -1.790 | -0.49 | -0.11 | 300 | $45,703 | $112 |
| AAPL ⏰ | 0.87 | 1323 | 20 | 220.4 | 1460 | 8.411 | 0.64 | 0.57 | -100 | $602,396 | $410 |
| SUI | 3.12 | 69 | 0 | 11.5 | 1036 | -1.292 | -1.87 | -4.16 | 300 | $17,569 | $229 |
| NEAR | 4.33 | 381 | 4 | 63.5 | 1536 | 2.059 | 0.54 | -1.89 | 100 | $97,393 | $230 |

⏰ = 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 134hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 323
ORCL
binance 0hyperliquid 0local 381
AAPL
binance 0hyperliquid 0local 1343
SUI
binance 68hyperliquid 1local 0
NEAR
binance 385hyperliquid 0local 0

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

ANSEM
spread bps
327.53
ratio
52.18
trades/min
0.1 (thin)
vol1s bps
6.28
SGOV
spread bps
1.99
ratio
29.89
trades/min
0.1 (thin)
vol1s bps
0.07
RGTI
spread bps
50.73
ratio
18.06
trades/min
0.1 (thin)
vol1s bps
2.81
AI
spread bps
153.39
ratio
10.65
trades/min
0.1 (thin)
vol1s bps
14.40
SOFI
spread bps
15.59
ratio
9.82
trades/min
0.1 (thin)
vol1s bps
1.59
USO
spread bps
7.17
ratio
8.59
trades/min
0.2 (thin)
vol1s bps
0.83
BABA
spread bps
6.31
ratio
6.71
trades/min
2.4
vol1s bps
0.94
QBTS
spread bps
38.61
ratio
5.37
trades/min
0.1 (thin)
vol1s bps
7.19
COIN
spread bps
5.22
ratio
4.99
trades/min
5.6
vol1s bps
1.05
USELESS
spread bps
10.16
ratio
4.37
trades/min
0.3 (thin)
vol1s bps
2.33
AMC
spread bps
13.97
ratio
3.79
trades/min
0.4 (thin)
vol1s bps
3.68
IREN
spread bps
8.18
ratio
3.78
trades/min
0.2 (thin)
vol1s bps
2.16

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| ANSEM | 327.53 | 6.28 | 52.18 | 0.1 (thin) |
| SGOV | 1.99 | 0.07 | 29.89 | 0.1 (thin) |
| RGTI | 50.73 | 2.81 | 18.06 | 0.1 (thin) |
| AI | 153.39 | 14.40 | 10.65 | 0.1 (thin) |
| SOFI | 15.59 | 1.59 | 9.82 | 0.1 (thin) |
| USO | 7.17 | 0.83 | 8.59 | 0.2 (thin) |
| BABA | 6.31 | 0.94 | 6.71 | 2.4 |
| QBTS | 38.61 | 7.19 | 5.37 | 0.1 (thin) |
| COIN | 5.22 | 1.05 | 4.99 | 5.6 |
| USELESS | 10.16 | 2.33 | 4.37 | 0.3 (thin) |
| AMC | 13.97 | 3.68 | 3.79 | 0.4 (thin) |
| IREN | 8.18 | 2.16 | 3.78 | 0.2 (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.