Commodity Perpetual Futures
Bet on the price of oil, natural gas, gold, and other raw commodities, around the clock.
Commodity perpetuals on Hyperliquid let you take long or short positions on the price of physical commodities like crude oil, natural gas, gold, silver, and copper. Trades settle in USDC, around the clock, without a commodities-trading account.
All commodities perpetuals on Hyperliquid
 Crude Oil (WTI) CL· Energy | $96.59 | -2.50% | $353M | -0.0496% | 20x | Trade |
 Silver SILVER· Metals | $87.6 | +1.16% | $293M | +0.0006% | 25x | Trade |
 Brent Crude Oil BRENTOIL· Energy | $101.43 | -2.78% | $200M | -0.0385% | 20x | Trade |
 Gold GOLD· Metals | $4,692.4 | -0.48% | $44M | +0.0006% | 25x | Trade |
 Copper COPPER· Metals | $6.63 | -0.15% | $40M | +0.0025% | 20x | Trade |
 Natural Gas NATGAS· Energy | $3.05 | +1.52% | $35M | +0.0767% | 10x | Trade |
Silver SILVER· Metals | $87.63 | +1.30% | $12M | +0.0005% | 20x | Trade |
Silver SILVER· Metals | $87.57 | +1.14% | $3.6M | -0.0016% | 20x | Trade |
 OIL OIL | $96.57 | -1.70% | $2.7M | -0.0027% | 15x | Trade |
 Platinum PLATINUM· Metals | $2,150.8 | +0.86% | $2.2M | +0.0042% | 20x | Trade |
Silver SILVER· Metals | $87.62 | +1.35% | $1.9M | +0.0008% | 25x | Trade |
 Wheat WHEAT· Agriculture | $675.05 | -0.54% | $1.1M | +0.0000% | 10x | Trade |
 Palladium PALLADIUM· Metals | $1,502.2 | +0.29% | $685k | -0.0100% | 20x | Trade |
Gold GOLD· Metals | $4,692.3 | -0.51% | $511k | +0.0006% | 20x | Trade |
Platinum PLATINUM· Metals | $2,148.9 | +0.81% | $165k | +0.0022% | 25x | Trade |
 GAS GAS | $3.05 | +0.24% | $140k | +0.0008% | 5x | Trade |
Palladium PALLADIUM· Metals | $1,502.3 | +0.45% | $129k | +0.0008% | 25x | Trade |
Copper COPPER· Metals | $6.62 | -0.56% | $63k | +0.0008% | 20x | Trade |
Gold GOLD· Metals | $4,691 | -0.47% | $36k | +0.0006% | 25x | Trade |
 SOY SOY | $1,228.4 | +0.16% | $28k | +0.0000% | 10x | Trade |
Gold GOLD· Metals | $4,691.1 | -0.55% | $553 | +0.0008% | 25x | Trade |
Crude Oil (WTI)$96.59
CL · Energy-2.50%
$353M 24h20x
Silver$87.6
SILVER · Metals+1.16%
$293M 24h25x
Brent Crude Oil$101.43
BRENTOIL · Energy-2.78%
$200M 24h20x
Gold$4,692.4
GOLD · Metals-0.48%
$44M 24h25x
Copper$6.63
COPPER · Metals-0.15%
$40M 24h20x
Natural Gas$3.05
NATGAS · Energy+1.52%
$35M 24h10x
Silver$87.63
SILVER · Metals+1.30%
$12M 24h20x
Silver$87.57
SILVER · Metals+1.14%
$3.6M 24h20x
OIL$96.57
OIL-1.70%
$2.7M 24h15x
Platinum$2,150.8
PLATINUM · Metals+0.86%
$2.2M 24h20x
Silver$87.62
SILVER · Metals+1.35%
$1.9M 24h25x
Wheat$675.05
WHEAT · Agriculture-0.54%
$1.1M 24h10x
Palladium$1,502.2
PALLADIUM · Metals+0.29%
$685k 24h20x
Gold$4,692.3
GOLD · Metals-0.51%
$511k 24h20x
Platinum$2,148.9
PLATINUM · Metals+0.81%
$165k 24h25x
GAS$3.05
GAS+0.24%
$140k 24h5x
Palladium$1,502.3
PALLADIUM · Metals+0.45%
$129k 24h25x
Copper$6.62
COPPER · Metals-0.56%
$63k 24h20x
Gold$4,691
GOLD · Metals-0.47%
$36k 24h25x
SOY$1,228.4
SOY+0.16%
$28k 24h10x
Gold$4,691.1
GOLD · Metals-0.55%
$553 24h25x
How commodities perpetuals work
Commodity perpetuals are price contracts: when you go long crude oil you do not take physical delivery of barrels. Profit and loss are settled in USDC as the underlying commodity price moves.
The price reference is typically a futures-index oracle (e.g. front-month CME contract) blended into a TWAP that the Hyperliquid funding mechanism nudges the perp price toward. So even though you can trade 24/7, the underlying futures market is closed nights and weekends, which is why liquidity thins outside the regular session.
Settlement is on-chain on Hyperliquid. No commodities broker, no margin call from a phone-based broker, no contract roll dates.
Frequently asked questions
Do I take physical delivery of the commodity?
No. Commodity perpetuals are purely price contracts settled in USDC. You never take delivery of barrels of oil, ounces of gold, or any physical asset.
How does the perpetual price stay in line with the actual commodity?
The funding-rate mechanism keeps the perp price aligned with an oracle that tracks the front-month futures contract on a major exchange. When the perp drifts above oracle, longs pay shorts hourly until the gap closes.
What is a perpetual future?
A perpetual future is a contract that lets you bet on the price of an asset without owning it and without an expiration date. Unlike traditional futures, perpetuals never expire, so you can hold a position as long as you can pay funding and maintain margin. The price is kept in line with the underlying asset by a funding-rate mechanism.
What are funding rates?
Funding rates are small periodic payments between long and short traders that keep the perpetual price aligned with the underlying spot price. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. Hyperliquid charges funding hourly.
Is this custodial?
No. All trading happens directly on Hyperliquid, a decentralized exchange. Liquidiction is a non-custodial frontend; we never take possession of your funds. You sign transactions from your own wallet.
How is Liquidiction related to Hyperliquid?
Liquidiction is an independent frontend built on top of the Hyperliquid exchange. We aggregate Hyperliquid markets, surface analytics, and route trades through Hyperliquid as a builder code. We are not affiliated with the Hyperliquid Foundation.
Is this investment advice?
No. Nothing on this site is investment, legal, or tax advice. Perpetual futures are leveraged products and you can lose more than your initial margin. Do your own research and only trade with capital you can afford to lose.