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, 06:50 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-15T00:50:50.247Z · 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
0.40
mk+10s bps
-2.10
spread bps
0.01
fills/hr
142.8
strict fills
857
marginal
0
replaces
1530
capture $
3.389
inv now $
300
mkt $/hr
$5,172,344
15% clip cap
$5432
COINsession gate
capture bps
-0.07
mk+10s bps
-2.23
spread bps
3.54
fills/hr
121.7
strict fills
730
marginal
5
replaces
1462
capture $
-0.535
inv now $
-300
mkt $/hr
$63,771
15% clip cap
$79
ORCLsession gate
capture bps
0.88
mk+10s bps
-0.50
spread bps
4.69
fills/hr
83.0
strict fills
498
marginal
6
replaces
1195
capture $
4.399
inv now $
-200
mkt $/hr
$33,773
15% clip cap
$61
AAPLsession gate
capture bps
0.62
mk+10s bps
0.45
spread bps
1.16
fills/hr
250.7
strict fills
1504
marginal
26
replaces
1686
capture $
9.320
inv now $
0
mkt $/hr
$903,896
15% clip cap
$541
SUI
capture bps
-1.71
mk+10s bps
-3.05
spread bps
4.17
fills/hr
50.3
strict fills
302
marginal
0
replaces
1221
capture $
-5.170
inv now $
0
mkt $/hr
$40,851
15% clip cap
$122
NEAR
capture bps
-2.30
mk+10s bps
-5.14
spread bps
4.33
fills/hr
122.8
strict fills
737
marginal
6
replaces
1712
capture $
-16.975
inv now $
-300
mkt $/hr
$222,231
15% clip cap
$271

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 | 0.01 | 857 | 0 | 142.8 | 1530 | 3.389 | 0.40 | -2.10 | 300 | $5,172,344 | $5432 |
| COIN ⏰ | 3.54 | 730 | 5 | 121.7 | 1462 | -0.535 | -0.07 | -2.23 | -300 | $63,771 | $79 |
| ORCL ⏰ | 4.69 | 498 | 6 | 83.0 | 1195 | 4.399 | 0.88 | -0.50 | -200 | $33,773 | $61 |
| AAPL ⏰ | 1.16 | 1504 | 26 | 250.7 | 1686 | 9.320 | 0.62 | 0.45 | 0 | $903,896 | $541 |
| SUI | 4.17 | 302 | 0 | 50.3 | 1221 | -5.170 | -1.71 | -3.05 | 0 | $40,851 | $122 |
| NEAR | 4.33 | 737 | 6 | 122.8 | 1712 | -16.975 | -2.30 | -5.14 | -300 | $222,231 | $271 |

⏰ = 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 852hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 735
ORCL
binance 0hyperliquid 0local 504
AAPL
binance 0hyperliquid 0local 1530
SUI
binance 302hyperliquid 0local 0
NEAR
binance 743hyperliquid 0local 0

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

ANSEM
spread bps
288.95
ratio
51.82
trades/min
0.0 (thin)
vol1s bps
5.58
RGTI
spread bps
57.64
ratio
23.08
trades/min
0.1 (thin)
vol1s bps
2.50
WULF
spread bps
135.89
ratio
21.46
trades/min
0.1 (thin)
vol1s bps
6.33
SOFI
spread bps
20.51
ratio
13.27
trades/min
0.1 (thin)
vol1s bps
1.55
SHEIN
spread bps
45.13
ratio
10.94
trades/min
0.0 (thin)
vol1s bps
4.13
LUNR
spread bps
68.37
ratio
10.01
trades/min
0.1 (thin)
vol1s bps
6.83
SMCI
spread bps
15.85
ratio
9.40
trades/min
0.0 (thin)
vol1s bps
1.69
QBTS
spread bps
52.38
ratio
8.24
trades/min
0.1 (thin)
vol1s bps
6.35
USAR
spread bps
11.72
ratio
7.65
trades/min
0.4 (thin)
vol1s bps
1.53
SGOV
spread bps
3.98
ratio
4.45
trades/min
0.2 (thin)
vol1s bps
0.89
BABA
spread bps
3.63
ratio
4.18
trades/min
0.9 (thin)
vol1s bps
0.87
USELESS
spread bps
8.35
ratio
3.63
trades/min
0.2 (thin)
vol1s bps
2.30

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| ANSEM | 288.95 | 5.58 | 51.82 | 0.0 (thin) |
| RGTI | 57.64 | 2.50 | 23.08 | 0.1 (thin) |
| WULF | 135.89 | 6.33 | 21.46 | 0.1 (thin) |
| SOFI | 20.51 | 1.55 | 13.27 | 0.1 (thin) |
| SHEIN | 45.13 | 4.13 | 10.94 | 0.0 (thin) |
| LUNR | 68.37 | 6.83 | 10.01 | 0.1 (thin) |
| SMCI | 15.85 | 1.69 | 9.40 | 0.0 (thin) |
| QBTS | 52.38 | 6.35 | 8.24 | 0.1 (thin) |
| USAR | 11.72 | 1.53 | 7.65 | 0.4 (thin) |
| SGOV | 3.98 | 0.89 | 4.45 | 0.2 (thin) |
| BABA | 3.63 | 0.87 | 4.18 | 0.9 (thin) |
| USELESS | 8.35 | 2.30 | 3.63 | 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.