$844.1M
21.2% of all HIP-3
Commodity perps on Hyperliquid
Gold, silver, copper, crude oil, natural gas and other commodities as perpetuals. 9 markets, $844.1M open interest, $631.2M traded in 24h, leverage 10× to 25×.
Open interest
24h volume
$631.2M
notional
Longs paying
78%
of 9 markets with open interest
Markets
| Market | Deployer | Funding 8h | Mark | Open interest |
|---|---|---|---|---|
| GOLD Gold | XYZ | 0.0050% | $4,127 | $277.2M |
| BRENTOIL Brent crude oil | XYZ | 0.0050% | $105.34 | $209.1M |
| CL WTI crude oil | XYZ | -0.0098% | $98.02 | $166.7M |
| SILVER Silver | XYZ | 0.0050% | $57.97 | $160.0M |
| NATGAS Natural gas | XYZ | 0.0050% | $3.32 | $13.0M |
| COPPER Copper | XYZ | 0.0029% | $6.62 | $11.2M |
| PLATINUM Platinum | XYZ | 0.0044% | $1,659 | $3.6M |
| PALLADIUM Palladium | XYZ | 0.0309% | $1,107 | $3.0M |
| HO Heating oil | XYZ | -0.0659% | $4.74 | $292K |
Positive funding: longs pay shorts; hourly rate × 8. Markets without a link are below the $1M open-interest and volume gate.
Questions
- How do commodity perps work on Hyperliquid?
- They are HIP-3 markets: a builder stakes 500,000 HYPE, deploys its own dex on Hyperliquid, defines the contracts and publishes the oracle prices. Positions are cash-settled in USDC and funding is paid every hour, like any Hyperliquid perp.
- Which deployers list them?
- XYZ. 2 of these assets are also listed on Lighter.
- What leverage is available?
- 10× to 25× depending on the market; the deployer sets the cap and whether cross margin is allowed.