BRENTOIL xyz xyz:BRENTOIL

Commodities Trade

Brent crude is the seaborne light-sweet oil benchmark that prices most of the world’s traded crude; this contract references one barrel of it through dated Brent futures. Tracked here on Hyperliquid (xyz) with live mark, funding, open interest and premium to oracle.

110.7 −1.09%

C Grade C

Zones and levels Screener

How this is graded ›

Measured against the venue's own oracle — the price the perp is pulled toward, over the last 30 days of 15-minute samples.

Tracking

Fair

4.5 bps

Typical distance between the traded price and the venue’s oracle while the underlying market is open. It sits within 10 bps of it 75.7% of the time.

Cost to trade it: the venue’s impact bid/ask spread runs 1.0 bps, median over the same window. It is context, not part of the rating.

median, 30 days

Reopen fidelity

Fair

29.3 bps

How far the price moves when the underlying market reopens — how close the venue’s closed-hours price was to reality. It was closer than the last real price 80% of the time.

median of 5 reopens

Cost of carry

Weak

36.8% a year

Funding actually paid over the last 30 days — shorts pay at this rate. This is the running cost of holding the position, before fees.

30 days

Liquidity

Good

$152.4M 24h volume

Open interest $211.0M. Weekend books hold 30% of weekday hourly volume.

latest snapshot

When the underlying market reopens, the oracle snaps back to the real price. The jump is how far the venue's closed-hours price was from reality.

Median jump 29.3 bps across 5 rated closures. The venue’s closed-hours price was closer to the reopening price than the last real price 80% of the time. Rows below are the last reopens captured, which can cover a different set of closures than the median.

DateClosureVenue priceReal reopenJumpBeat the close?
27 Oct 2026 Daily break 109.7 109.68-1.8 bpsYes
26 Oct 2026 Daily break 110.36 110.24-10.9 bpsNo
25 Oct 2026 Weekend 110.64 110.57-6.3 bpsYes
21 Oct 2026 Daily break 106.01 105.95-5.7 bpsYes
20 Oct 2026 Daily break 105.31 105.35+3.8 bpsYes
19 Oct 2026 Daily break 105.88 105.91+2.8 bpsYes
18 Oct 2026 Weekend not rated 107.17 106.19-91.4 bpsNo
15 Oct 2026 Daily break 102.91 102.92+1.0 bpsYes
14 Oct 2026 Daily break 103.39 103.41+1.9 bpsYes
13 Oct 2026 Daily break 103.31 103.43+11.6 bpsYes
12 Oct 2026 Daily break 103.34 103.38+3.9 bpsYes
11 Oct 2026 Weekend 102.42 102.72+29.3 bpsYes
8 Oct 2026 Daily break 102.4 102.58+17.6 bpsYes
7 Oct 2026 Daily break 100.34 100.41+7.0 bpsYes
6 Oct 2026 Daily break 100.78 101.12+33.7 bpsNo
5 Oct 2026 Daily break 99.996 100.26+26.4 bpsNo
4 Oct 2026 Weekend 102.61 103.09+46.8 bpsNo
1 Oct 2026 Daily break 102.83 102.87+3.9 bpsYes
30 Sep 2026 Daily break 97.878 97.95+7.4 bpsNo
29 Sep 2026 Daily break 96.108 95.72-40.4 bpsNo

Download this reopen record (CSV) Open data, licensed CC BY 4.0: copy, adapt and publish it, commercially included, with credit — “AlgoTraderPro HIP-3 reopen record (2026), CC BY 4.0” — and a link to this page.

Open interest (USD), 90 days
Funding APR, 90 days
Premium to oracle, 90 days
What it tracks
Brent Crude Oil — commodities. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
Trading hours
Follows the CME futures session: Sunday 18:00 to Friday 17:00 New York time, with a one-hour break every day at 17:00, and CME holidays. The contract itself trades on Hyperliquid 24/7.
When the real market is closed
The oracle does not freeze. With no external price it starts from the last one and then drifts with Hyperliquid’s own book — a 30-minute exponential average of the gap between the impact bid/ask and the oracle — and snaps back to the real price on the first tick after the market reopens. Funding is charged against that oracle throughout, which is why the jump at each reopening is worth measuring.
Leverage
Up to 20×
Margin mode
Cross or isolated
Settles in
USDC — margin and profit are in this token, not the quote of the underlying market.
Deployer’s documentation
trade.xyz docs →
25 Updated 12m ago

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