Hyperider

Quoting study · Oct 17, 23:45 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-17T17:45:21.651Z · 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
    0.58
    mk+10s bps
    0.56
    spread bps
    1.23
    fills/hr
    29.8
    strict fills
    179
    marginal
    0
    replaces
    425
    capture $
    1.046
    inv now $
    300
    mkt $/hr
    $3,858,800
    15% clip cap
    $19404
  • COINsession gate
    capture bps
    1.04
    mk+10s bps
    -0.27
    spread bps
    1.75
    fills/hr
    76.0
    strict fills
    456
    marginal
    4
    replaces
    737
    capture $
    4.735
    inv now $
    200
    mkt $/hr
    $59,265
    15% clip cap
    $117
  • ORCLsession gate
    capture bps
    0.60
    mk+10s bps
    -0.14
    spread bps
    3.14
    fills/hr
    24.8
    strict fills
    149
    marginal
    0
    replaces
    424
    capture $
    0.893
    inv now $
    -300
    mkt $/hr
    $58,857
    15% clip cap
    $356
  • AAPLsession gate
    capture bps
    0.54
    mk+10s bps
    0.34
    spread bps
    0.58
    fills/hr
    78.0
    strict fills
    468
    marginal
    5
    replaces
    533
    capture $
    2.534
    inv now $
    -100
    mkt $/hr
    $741,257
    15% clip cap
    $1426
  • SUI
    capture bps
    -1.48
    mk+10s bps
    -7.29
    spread bps
    3.08
    fills/hr
    14.5
    strict fills
    87
    marginal
    1
    replaces
    790
    capture $
    -1.288
    inv now $
    200
    mkt $/hr
    $25,693
    15% clip cap
    $266
  • NEAR
    capture bps
    1.85
    mk+10s bps
    -3.76
    spread bps
    4.13
    fills/hr
    43.8
    strict fills
    263
    marginal
    6
    replaces
    1155
    capture $
    4.868
    inv now $
    300
    mkt $/hr
    $62,763
    15% clip cap
    $215
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 | 1.23 | 179 | 0 | 29.8 | 425 | 1.046 | 0.58 | 0.56 | 300 | $3,858,800 | $19404 |
| COIN ⏰ | 1.75 | 456 | 4 | 76.0 | 737 | 4.735 | 1.04 | -0.27 | 200 | $59,265 | $117 |
| ORCL ⏰ | 3.14 | 149 | 0 | 24.8 | 424 | 0.893 | 0.60 | -0.14 | -300 | $58,857 | $356 |
| AAPL ⏰ | 0.58 | 468 | 5 | 78.0 | 533 | 2.534 | 0.54 | 0.34 | -100 | $741,257 | $1426 |
| SUI | 3.08 | 87 | 1 | 14.5 | 790 | -1.288 | -1.48 | -7.29 | 200 | $25,693 | $266 |
| NEAR | 4.13 | 263 | 6 | 43.8 | 1155 | 4.868 | 1.85 | -3.76 | 300 | $62,763 | $215 |

⏰ = 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 174hyperliquid 0local 5
  • COIN
    binance 0hyperliquid 0local 460
  • ORCL
    binance 0hyperliquid 0local 149
  • AAPL
    binance 0hyperliquid 0local 473
  • SUI
    binance 88hyperliquid 0local 0
  • NEAR
    binance 266hyperliquid 3local 0

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

  • AMC
    spread bps
    166.26
    ratio
    45.54
    trades/min
    0.1 (thin)
    vol1s bps
    3.65
  • USO
    spread bps
    20.39
    ratio
    29.58
    trades/min
    0.4 (thin)
    vol1s bps
    0.69
  • ORCL
    spread bps
    5.48
    ratio
    20.87
    trades/min
    0.3 (thin)
    vol1s bps
    0.26
  • IREN
    spread bps
    11.47
    ratio
    13.19
    trades/min
    0.1 (thin)
    vol1s bps
    0.87
  • ANSEM
    spread bps
    230.44
    ratio
    11.95
    trades/min
    0.1 (thin)
    vol1s bps
    19.28
  • CLSK
    spread bps
    59.55
    ratio
    11.80
    trades/min
    0.1 (thin)
    vol1s bps
    5.05
  • USAR
    spread bps
    10.42
    ratio
    11.66
    trades/min
    0.7 (thin)
    vol1s bps
    0.89
  • LUNR
    spread bps
    57.58
    ratio
    10.77
    trades/min
    0.2 (thin)
    vol1s bps
    5.35
  • SHEIN
    spread bps
    76.58
    ratio
    10.19
    trades/min
    0.2 (thin)
    vol1s bps
    7.52
  • SLV
    spread bps
    15.20
    ratio
    9.32
    trades/min
    1.5 (thin)
    vol1s bps
    1.63
  • SGOV
    spread bps
    29.92
    ratio
    8.40
    trades/min
    0.1 (thin)
    vol1s bps
    3.56
  • QBTS
    spread bps
    59.86
    ratio
    7.13
    trades/min
    0.0 (thin)
    vol1s bps
    8.40
raw table
| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| AMC | 166.26 | 3.65 | 45.54 | 0.1 (thin) |
| USO | 20.39 | 0.69 | 29.58 | 0.4 (thin) |
| ORCL | 5.48 | 0.26 | 20.87 | 0.3 (thin) |
| IREN | 11.47 | 0.87 | 13.19 | 0.1 (thin) |
| ANSEM | 230.44 | 19.28 | 11.95 | 0.1 (thin) |
| CLSK | 59.55 | 5.05 | 11.80 | 0.1 (thin) |
| USAR | 10.42 | 0.89 | 11.66 | 0.7 (thin) |
| LUNR | 57.58 | 5.35 | 10.77 | 0.2 (thin) |
| SHEIN | 76.58 | 7.52 | 10.19 | 0.2 (thin) |
| SLV | 15.20 | 1.63 | 9.32 | 1.5 (thin) |
| SGOV | 29.92 | 3.56 | 8.40 | 0.1 (thin) |
| QBTS | 59.86 | 8.40 | 7.13 | 0.0 (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 17, 23:45 UTC · Hyperider fleet report