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
 Gold GOLD· Metals | $4,197 | +0.00% | $0 | -0.4678% | 50x | Trade |
 Silver SILVER· Metals | $54.22 | +0.00% | $0 | -1.2787% | 50x | Trade |
 BRENTCRUDEOIL BRENTCRUDEOIL | $61.54 | -0.23% | $0 | +0.7263% | 50x | Trade |
 WTICRUDEOIL WTICRUDEOIL | $61.93 | -0.14% | $0 | +0.6477% | 50x | Trade |
 Coffee COFFEE· Agriculture | $400 | +0.00% | $0 | +0.0000% | 10x | Trade |
 Soybeans SOYBEAN· Agriculture | $1,000 | +0.00% | $0 | +0.0000% | 10x | Trade |
 Copper COPPER· Metals | $4 | +0.00% | $0 | +0.0000% | 10x | Trade |
Gold GOLD· Metals | $4,141 | +0.00% | $0 | +0.0000% | 1x | Trade |
Gold GOLD· Metals | $4,540.4 | +3.22% | $0 | +0.0000% | 25x | Trade |
Silver SILVER· Metals | $75.28 | +0.00% | $0 | +0.0000% | 25x | Trade |
 Crude Oil (WTI) CL· Energy | $87.79 | -9.85% | $0 | +0.0000% | 20x | Trade |
Copper COPPER· Metals | $6.39 | +0.00% | $0 | +0.0000% | 20x | Trade |
 Natural Gas NATGAS· Energy | $3.27 | +0.00% | $0 | +0.0000% | 10x | Trade |
 Platinum PLATINUM· Metals | $1,926.3 | +0.00% | $0 | +0.0000% | 20x | Trade |
Gold GOLD· Metals | $4,309.4 | +0.00% | $0 | +0.0000% | 25x | Trade |
Silver SILVER· Metals | $79.2 | +0.00% | $0 | +0.0000% | 10x | Trade |
 GASSA GASSA | $500 | +0.00% | $0 | +0.0000% | 25x | Trade |
 GASSB GASSB | $500 | +0.00% | $0 | +0.0000% | 25x | Trade |
Gold GOLD· Metals | $4,130 | +0.00% | $0 | +0.0000% | 2x | Trade |
Silver SILVER· Metals | $51 | +0.00% | $0 | +0.0000% | 2x | Trade |
 XAU XAU | $4,206 | +0.00% | $0 | +0.0000% | 1x | Trade |
 XAU2 XAU2 | $4,235.15 | -0.00% | $0 | +0.0000% | 1x | Trade |
 XAG XAG | $62.07 | +0.00% | $0 | +0.0000% | 1x | Trade |
Gold GOLD· Metals | $4,000 | +0.00% | $0 | +0.0000% | 20x | Trade |
 OIL OIL | $47.51 | +0.00% | $0 | +0.0000% | 10x | Trade |
 RICE RICE | $555.94 | -0.26% | $0 | +0.0000% | 25x | Trade |
Silver SILVER· Metals | $387.19 | +0.00% | $0 | +0.0000% | 25x | Trade |
Gold GOLD· Metals | $4,983.9 | -0.15% | $0 | +0.0000% | 25x | Trade |
 SOYA SOYA | $1 | +0.00% | $0 | +0.0000% | 10x | Trade |
Gold$4,197
GOLD · Metals+0.00%
$0 24h50x
Silver$54.22
SILVER · Metals+0.00%
$0 24h50x
BRENTCRUDEOIL$61.54
BRENTCRUDEOIL-0.23%
$0 24h50x
WTICRUDEOIL$61.93
WTICRUDEOIL-0.14%
$0 24h50x
Coffee$400
COFFEE · Agriculture+0.00%
$0 24h10x
Soybeans$1,000
SOYBEAN · Agriculture+0.00%
$0 24h10x
Copper$4
COPPER · Metals+0.00%
$0 24h10x
Gold$4,141
GOLD · Metals+0.00%
$0 24h1x
Gold$4,540.4
GOLD · Metals+3.22%
$0 24h25x
Silver$75.28
SILVER · Metals+0.00%
$0 24h25x
Crude Oil (WTI)$87.79
CL · Energy-9.85%
$0 24h20x
Copper$6.39
COPPER · Metals+0.00%
$0 24h20x
Natural Gas$3.27
NATGAS · Energy+0.00%
$0 24h10x
Platinum$1,926.3
PLATINUM · Metals+0.00%
$0 24h20x
Gold$4,309.4
GOLD · Metals+0.00%
$0 24h25x
Silver$79.2
SILVER · Metals+0.00%
$0 24h10x
GASSA$500
GASSA+0.00%
$0 24h25x
GASSB$500
GASSB+0.00%
$0 24h25x
Gold$4,130
GOLD · Metals+0.00%
$0 24h2x
Silver$51
SILVER · Metals+0.00%
$0 24h2x
XAU$4,206
XAU+0.00%
$0 24h1x
XAU2$4,235.15
XAU2-0.00%
$0 24h1x
XAG$62.07
XAG+0.00%
$0 24h1x
Gold$4,000
GOLD · Metals+0.00%
$0 24h20x
OIL$47.51
OIL+0.00%
$0 24h10x
RICE$555.94
RICE-0.26%
$0 24h25x
Silver$387.19
SILVER · Metals+0.00%
$0 24h25x
Gold$4,983.9
GOLD · Metals-0.15%
$0 24h25x
SOYA$1
SOYA+0.00%
$0 24h10x
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.