commodity-referenced
WTI crude oil (CL) pairs
A crude oil market on the xyz builder dex listed under CL, the conventional symbol for West Texas Intermediate futures.
- 24-hour volume
- $396.7Mvenue snapshot
- Open interest
- $164.4Mvenue snapshot
- Mark price
- 84.114venue 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. CL has been listed on the venue since 6 January 2026.
What CL is as a pair leg
It is one of two crude references on the venue, alongside BRENTOIL, so a pair between them is a pair between two grades of the same commodity. 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 CL 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 -0.27 to -0.15. That describes those windows; it is not a property of the markets and not a forecast.
Every CL pair
Correlation is of daily simple returns over the closes actually available for both legs, which is not the same number for every pair. .
CL as the base leg
| Pair | Page | Correlation | Closes used | Thinner leg, 24h |
|---|---|---|---|---|
| CL/BTC | Full statistics | -0.21 | 90 | $396.7M |
| CL/ETH | Full statistics | -0.15 | 90 | $396.7M |
| CL/SP500 | Full statistics | -0.52 | 90 | $396.7M |
| CL/HYPE | Full statistics | -0.24 | 90 | $286.4M |
| CL/SOL | Full statistics | -0.27 | 90 | $216.0M |
| CL/SILVER | Light | -0.31 | 90 | $110.7M |
| CL/GOLD | Light | -0.37 | 90 | $74.3M |
| CL/XRP | Light | -0.20 | 90 | $42.3M |
| CL/DOGE | Light | -0.19 | 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 CL pairs
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.