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 17, 11:38 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-17T05:38:09.848Z · 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
-0.23
mk+10s bps
—
spread bps
0.02
fills/hr
1.5
strict fills
9
marginal
0
replaces
141
capture $
-0.021
inv now $
300
mkt $/hr
$1,507,946
15% clip cap
$150909
COINsession gate
capture bps
0.68
mk+10s bps
0.22
spread bps
3.46
fills/hr
53.6
strict fills
322
marginal
2
replaces
491
capture $
2.182
inv now $
0
mkt $/hr
$42,364
15% clip cap
$118
ORCLsession gate
capture bps
2.12
mk+10s bps
0.35
spread bps
4.67
fills/hr
7.0
strict fills
42
marginal
0
replaces
137
capture $
0.891
inv now $
0
mkt $/hr
$13,329
15% clip cap
$286
AAPLsession gate
capture bps
0.07
mk+10s bps
0.06
spread bps
0.58
fills/hr
38.0
strict fills
228
marginal
1
replaces
253
capture $
0.166
inv now $
-100
mkt $/hr
$577,443
15% clip cap
$2281
SUI
capture bps
-1.14
mk+10s bps
-3.13
spread bps
2.69
fills/hr
12.8
strict fills
77
marginal
0
replaces
726
capture $
-0.881
inv now $
300
mkt $/hr
$30,903
15% clip cap
$361
NEAR
capture bps
1.30
mk+10s bps
-1.87
spread bps
2.72
fills/hr
44.3
strict fills
266
marginal
1
replaces
1158
capture $
3.450
inv now $
300
mkt $/hr
$119,537
15% clip cap
$405

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 | 0.02 | 9 | 0 | 1.5 | 141 | -0.021 | -0.23 | — | 300 | $1,507,946 | $150909 |
| COIN ⏰ | 3.46 | 322 | 2 | 53.6 | 491 | 2.182 | 0.68 | 0.22 | 0 | $42,364 | $118 |
| ORCL ⏰ | 4.67 | 42 | 0 | 7.0 | 137 | 0.891 | 2.12 | 0.35 | 0 | $13,329 | $286 |
| AAPL ⏰ | 0.58 | 228 | 1 | 38.0 | 253 | 0.166 | 0.07 | 0.06 | -100 | $577,443 | $2281 |
| SUI | 2.69 | 77 | 0 | 12.8 | 726 | -0.881 | -1.14 | -3.13 | 300 | $30,903 | $361 |
| NEAR | 2.72 | 266 | 1 | 44.3 | 1158 | 3.450 | 1.30 | -1.87 | 300 | $119,537 | $405 |

⏰ = 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 4hyperliquid 0local 5
COIN
binance 0hyperliquid 0local 324
ORCL
binance 0hyperliquid 0local 42
AAPL
binance 0hyperliquid 0local 229
SUI
binance 45hyperliquid 32local 0
NEAR
binance 265hyperliquid 2local 0

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

USO
spread bps
39.47
ratio
18.71
trades/min
0.7 (thin)
vol1s bps
2.11
LUNR
spread bps
79.60
ratio
14.88
trades/min
0.2 (thin)
vol1s bps
5.35
CRWV
spread bps
6.49
ratio
12.37
trades/min
5.6
vol1s bps
0.52
ANSEM
spread bps
233.82
ratio
12.35
trades/min
0.0 (thin)
vol1s bps
18.94
CLSK
spread bps
51.08
ratio
10.11
trades/min
0.1 (thin)
vol1s bps
5.05
SHEIN
spread bps
51.25
ratio
9.71
trades/min
0.1 (thin)
vol1s bps
5.28
WULF
spread bps
298.97
ratio
8.39
trades/min
0.1 (thin)
vol1s bps
35.64
SLV
spread bps
23.48
ratio
7.44
trades/min
0.4 (thin)
vol1s bps
3.16
QBTS
spread bps
60.79
ratio
7.24
trades/min
0.0 (thin)
vol1s bps
8.40
CRCL
spread bps
4.01
ratio
6.74
trades/min
6.6
vol1s bps
0.60
BABA
spread bps
5.52
ratio
6.46
trades/min
0.4 (thin)
vol1s bps
0.85
RGTI
spread bps
92.13
ratio
6.40
trades/min
0.1 (thin)
vol1s bps
14.40

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 39.47 | 2.11 | 18.71 | 0.7 (thin) |
| LUNR | 79.60 | 5.35 | 14.88 | 0.2 (thin) |
| CRWV | 6.49 | 0.52 | 12.37 | 5.6 |
| ANSEM | 233.82 | 18.94 | 12.35 | 0.0 (thin) |
| CLSK | 51.08 | 5.05 | 10.11 | 0.1 (thin) |
| SHEIN | 51.25 | 5.28 | 9.71 | 0.1 (thin) |
| WULF | 298.97 | 35.64 | 8.39 | 0.1 (thin) |
| SLV | 23.48 | 3.16 | 7.44 | 0.4 (thin) |
| QBTS | 60.79 | 8.40 | 7.24 | 0.0 (thin) |
| CRCL | 4.01 | 0.60 | 6.74 | 6.6 |
| BABA | 5.52 | 0.85 | 6.46 | 0.4 (thin) |
| RGTI | 92.13 | 14.40 | 6.40 | 0.1 (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.