Brent Crude Oil (BRENTOIL) Perpetuals on Hyperliquid

Brent crude is the international benchmark for oil prices, used to price two-thirds of global oil supply. Trade Brent oil perpetual futures on Hyperliquid via trade.xyz.

BRENTOIL is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 20x leverage.

HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.

Brent crude is the international oil benchmark — pricing two-thirds of global crude flow and acting as the reference for refined products, marine fuel, and macro inflation models. Traditional Brent futures (ICE BRN) require a futures broker, expire monthly with physical or financial settlement complexity, and stop trading on weekends just as OPEC announcements and Middle East developments hit the wire. Brent on Hyperliquid via trade.xyz is a perpetual contract: no expiry, no roll, hourly funding instead of monthly basis decay. It settles in USDC against the trade.xyz spot Brent oracle, so a Friday-evening OPEC+ headline or a Sunday-night Middle East escalation can be traded immediately rather than waiting for Globex to reopen. For traders running macro overlays — long crude / short crude as an inflation expression, or hedging energy-sector equity exposure — this matters: the most violent oil moves of the past three years have started outside US futures hours. KYC-free access with up to 5x leverage means a retail trader without a futures account can take the exposure they would otherwise need a broker like Interactive Brokers or NinjaTrader to enable.

BRENTOIL-PERP tracks the spot Brent crude price via the trade.xyz oracle. Hourly funding settles continuously, so the contango/backwardation premiums embedded in traditional Brent futures roll do not apply — perp price tracks spot, with funding rate carrying the cost of leverage. Liquidity is deepest during the European morning and overlapping US session. Watch OPEC+ ministerial meetings, weekly EIA inventory reports (Wednesdays), and US-Iran headline risk for the largest single-day moves.