Hyperider

Quoting study · Oct 16, 01:29 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-15T19:29:48.712Z · 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
    -1.29
    mk+10s bps
    -0.29
    spread bps
    0.73
    fills/hr
    8.5
    strict fills
    51
    marginal
    0
    replaces
    396
    capture $
    -0.660
    inv now $
    300
    mkt $/hr
    $2,755,008
    15% clip cap
    $48636
  • COINsession gate
    capture bps
    0.96
    mk+10s bps
    -0.99
    spread bps
    4.95
    fills/hr
    65.3
    strict fills
    392
    marginal
    5
    replaces
    721
    capture $
    3.754
    inv now $
    300
    mkt $/hr
    $38,684
    15% clip cap
    $89
  • ORCLsession gate
    capture bps
    -1.98
    mk+10s bps
    -23.21
    spread bps
    4.48
    fills/hr
    6.8
    strict fills
    41
    marginal
    0
    replaces
    319
    capture $
    -0.811
    inv now $
    -300
    mkt $/hr
    $25,477
    15% clip cap
    $559
  • AAPLsession gate
    capture bps
    0.55
    mk+10s bps
    0.42
    spread bps
    0.58
    fills/hr
    128.5
    strict fills
    771
    marginal
    3
    replaces
    862
    capture $
    4.221
    inv now $
    0
    mkt $/hr
    $579,057
    15% clip cap
    $676
  • SUI
    capture bps
    1.96
    mk+10s bps
    -8.04
    spread bps
    2.50
    fills/hr
    14.5
    strict fills
    87
    marginal
    0
    replaces
    928
    capture $
    1.701
    inv now $
    300
    mkt $/hr
    $21,735
    15% clip cap
    $225
  • NEAR
    capture bps
    0.95
    mk+10s bps
    -1.85
    spread bps
    3.75
    fills/hr
    170.3
    strict fills
    1022
    marginal
    13
    replaces
    2129
    capture $
    9.721
    inv now $
    300
    mkt $/hr
    $104,466
    15% clip cap
    $92
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 | 0.73 | 51 | 0 | 8.5 | 396 | -0.660 | -1.29 | -0.29 | 300 | $2,755,008 | $48636 |
| COIN ⏰ | 4.95 | 392 | 5 | 65.3 | 721 | 3.754 | 0.96 | -0.99 | 300 | $38,684 | $89 |
| ORCL ⏰ | 4.48 | 41 | 0 | 6.8 | 319 | -0.811 | -1.98 | -23.21 | -300 | $25,477 | $559 |
| AAPL ⏰ | 0.58 | 771 | 3 | 128.5 | 862 | 4.221 | 0.55 | 0.42 | 0 | $579,057 | $676 |
| SUI | 2.50 | 87 | 0 | 14.5 | 928 | 1.701 | 1.96 | -8.04 | 300 | $21,735 | $225 |
| NEAR | 3.75 | 1022 | 13 | 170.3 | 2129 | 9.721 | 0.95 | -1.85 | 300 | $104,466 | $92 |

⏰ = 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 46hyperliquid 0local 5
  • COIN
    binance 0hyperliquid 0local 397
  • ORCL
    binance 0hyperliquid 0local 41
  • AAPL
    binance 0hyperliquid 0local 774
  • SUI
    binance 87hyperliquid 0local 0
  • NEAR
    binance 1035hyperliquid 0local 0

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

  • SHEIN
    spread bps
    54.03
    ratio
    18.61
    trades/min
    0.2 (thin)
    vol1s bps
    2.90
  • RGTI
    spread bps
    69.18
    ratio
    16.56
    trades/min
    0.3 (thin)
    vol1s bps
    4.18
  • SOFI
    spread bps
    20.62
    ratio
    13.24
    trades/min
    0.1 (thin)
    vol1s bps
    1.56
  • QBTS
    spread bps
    58.33
    ratio
    9.53
    trades/min
    0.0 (thin)
    vol1s bps
    6.12
  • CLSK
    spread bps
    36.19
    ratio
    9.47
    trades/min
    0.0 (thin)
    vol1s bps
    3.82
  • AI
    spread bps
    371.40
    ratio
    9.11
    trades/min
    0.2 (thin)
    vol1s bps
    40.77
  • SGOV
    spread bps
    4.98
    ratio
    7.34
    trades/min
    0.2 (thin)
    vol1s bps
    0.68
  • ANSEM
    spread bps
    271.66
    ratio
    6.76
    trades/min
    0.0 (thin)
    vol1s bps
    40.18
  • LUNR
    spread bps
    61.98
    ratio
    6.22
    trades/min
    0.3 (thin)
    vol1s bps
    9.96
  • AMC
    spread bps
    26.49
    ratio
    4.96
    trades/min
    0.3 (thin)
    vol1s bps
    5.34
  • WULF
    spread bps
    21.22
    ratio
    3.25
    trades/min
    0.1 (thin)
    vol1s bps
    6.53
  • SLV
    spread bps
    2.90
    ratio
    3.02
    trades/min
    0.2 (thin)
    vol1s bps
    0.96
raw table
| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| SHEIN | 54.03 | 2.90 | 18.61 | 0.2 (thin) |
| RGTI | 69.18 | 4.18 | 16.56 | 0.3 (thin) |
| SOFI | 20.62 | 1.56 | 13.24 | 0.1 (thin) |
| QBTS | 58.33 | 6.12 | 9.53 | 0.0 (thin) |
| CLSK | 36.19 | 3.82 | 9.47 | 0.0 (thin) |
| AI | 371.40 | 40.77 | 9.11 | 0.2 (thin) |
| SGOV | 4.98 | 0.68 | 7.34 | 0.2 (thin) |
| ANSEM | 271.66 | 40.18 | 6.76 | 0.0 (thin) |
| LUNR | 61.98 | 9.96 | 6.22 | 0.3 (thin) |
| AMC | 26.49 | 5.34 | 4.96 | 0.3 (thin) |
| WULF | 21.22 | 6.53 | 3.25 | 0.1 (thin) |
| SLV | 2.90 | 0.96 | 3.02 | 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.

Quoting study · Oct 16, 01:29 UTC · Hyperider fleet report