BR
BRENTOILBrent reference
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- Hourly funding
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- 24h cumulative
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- Open interest
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- 24h volume
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Live energy comparison · tool
Hyperliquid Oil and Energy Perpetuals — Brent, WTI and Natural Gas
Compare live BRENTOIL, CL and NATGAS HIP-3 perpetual prices, funding, open interest and volume in one energy-market dashboard.
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Hyperliquid HIP-3 · energy desk
Oil and energy perpetuals
BRENTOIL, CL and NATGAS in one comparable live view Loading live markets
CL
CLWTI reference
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- Hourly funding
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- 24h cumulative
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- Open interest
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- 24h volume
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NATGAS
NATGASNatural gas reference
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- Hourly funding
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- 24h cumulative
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- Open interest
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- 24h volume
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Normalized price performance
Each series starts at 100 so markets with different price units can be compared.These are cash-settled HIP-3 perpetual markets. They do not deliver physical crude oil or natural gas. Funding, open interest and volume describe the market shown on Hyperliquid; they do not prove a directional trade.
This dashboard compares BRENTOIL, CL and NATGAS on Hyperliquid using normalized price performance, current and 24-hour funding, dollar open interest and 24-hour volume. It reports the leader for each observable metric instead of inventing one crowding score.
MarketsBRENTOIL · CL · NATGASEnergy references on the XYZ HIP-3 venue.
ComparisonPrice · Funding · OI · VolumeLive values from Hyperliquid's public API.
SettlementCash settledNo physical energy delivery.
What is being compared?
BRENTOIL references Brent, CL references WTI crude oil and NATGAS references natural gas. They are different markets with different units, supply regions and drivers, so the chart rebases each price series to 100 rather than pretending their raw prices are directly interchangeable.
The Brent–WTI readout is simply the difference between the two displayed mark prices. It helps orient the comparison but is not a tradeable futures spread and does not account for contract specifications, delivery location or expiry.
How to identify the active or expensive market
- 24-hour volume identifies where recent turnover is greatest.
- Dollar OI identifies where the largest outstanding position value sits.
- Positive funding means longs pay shorts; negative funding means shorts pay longs.
- Normalized price shows relative performance over the same selected window.
The market leading one metric may not lead another. The dashboard therefore reports each leader separately rather than labeling one market “most crowded” from an opaque score.
Boundaries and risks
These HIP-3 products are leveraged, cash-settled perpetuals. They do not provide physical delivery and may differ from regulated commodity futures because of reference methodology, trading venue liquidity, funding and market hours. Verify oracle rules, leverage, margin and depth before trading.
Informational only; not financial or investment advice.
Frequently asked questions
Which energy markets does this page compare?
It compares the live xyz:BRENTOIL, xyz:CL and xyz:NATGAS HIP-3 perpetual markets shown by Hyperliquid's public API.
What is the Brent–WTI number on the dashboard?
It is the current difference between the two Hyperliquid mark prices. It is a reference comparison, not a directly executable futures calendar or location spread.
Which market is currently crowded?
The dashboard identifies separate leaders for open interest, 24-hour volume and positive or negative funding. These are observable facts; no single metric proves crowding or direction.
Do these contracts deliver physical oil or gas?
No. They are cash-settled HIP-3 perpetual derivatives and do not deliver crude oil or natural gas.