commodity-referenced
BRENTOIL pairs
A crude oil market on the xyz builder dex referencing the Brent benchmark, the second of the venue's two crude listings.
- 9 pairs5 with full statistics4 light pagesxyz dex
- 24-hour volume
- $244.2Mvenue snapshot
- Open interest
- $167.4Mvenue snapshot
- Mark price
- 87.617venue snapshot, not a quote
- Maximum leverage
- 20xvenue parameter
Venue figures above are a snapshot from the committed market manifest, — not a live quote, and not updated by this page after it is built. BRENTOIL has been listed on the venue since 4 March 2026.
What BRENTOIL is as a pair leg
It references a seaborne crude benchmark rather than the US inland one CL names, so a pair between the two is a spread between grades and delivery points rather than a bet on oil. The perpetual itself trades continuously on Hyperliquid, while the market it is named for has defined session hours and closes at weekends. That mismatch is a structural property of the contract, not a defect: price discovery outside those hours happens in the perpetual alone.
How BRENTOIL compares
Every sentence here is recomputed from the published dataset when the data changes, never hand-written.
- Against each of the 4 crypto legs it carries a full 90-day figure with, its correlation of daily returns was negative over the 90 daily closes to 30 July 2026, ranging from -0.26 to -0.15. That describes those windows; it is not a property of the markets and not a forecast.
- Of the 3 commodity-referenced markets on this site carrying a full 90-day figure against BTC, its correlation of daily returns with BTC sat closest to zero, at -0.18 over the 90 daily closes to 30 July 2026. A figure near zero says the linear relationship in that window was weak — not that the two markets are unrelated.
Every BRENTOIL pair
Correlation is of daily simple returns over the closes actually available for both legs, which is not the same number for every pair. .
BRENTOIL as the base leg
| Pair | Page | Correlation | Closes used | Thinner leg, 24h |
|---|---|---|---|---|
| xyz:BRENTOIL/BTC | Full statistics | -0.18 | 90 | $244.2M |
| xyz:BRENTOIL/ETH | Full statistics | -0.15 | 90 | $244.2M |
| xyz:BRENTOIL/HYPE | Full statistics | -0.24 | 90 | $244.2M |
| xyz:BRENTOIL/xyz:SP500 | Full statistics | -0.54 | 90 | $244.2M |
| xyz:BRENTOIL/SOL | Full statistics | -0.26 | 90 | $216.0M |
| xyz:BRENTOIL/xyz:SILVER | Light | -0.33 | 90 | $110.7M |
| xyz:BRENTOIL/xyz:GOLD | Light | -0.38 | 90 | $74.3M |
| xyz:BRENTOIL/XRP | Light | -0.19 | 90 | $42.3M |
| xyz:BRENTOIL/DOGE | Light | -0.17 | 90 | $9.2M |
A correlation cell reading “—” means the two legs did not share enough daily history for the figure to be computed. It does not mean zero: a correlation of zero would assert that no linear relationship was observed, and “—” asserts nothing.
Trade an BRENTOIL pair
Both legs open together from one screen. Which leg is long and which is short is the position you choose, not a property of the pair.