Crude Oil WTI

About Crude Oil WTI Perpetual (CL)

As of September 28, 2026, the Crude Oil WTI perpetual was trading at $92.83, down 0.62% over the past 24 hours.

The Crude Oil WTI perpetual contract on HL XYZ gives traders 24/7 exposure to Crude Oil WTI prices. Unlike traditional futures that expire monthly or quarterly, this contract has no expiry date and uses a funding rate mechanism to track the spot price. Trading is available around the clock, including weekends and holidays, with settlement in USDC.

Crude Oil WTI Price on Traditional vs. 24/7 Markets

Traditional Crude Oil WTI markets trade during specific exchange hours and close overnight and on weekends. The perpetual contract here fills that gap, providing continuous price discovery. The perp price typically stays within a small basis of the spot price, making it useful both for speculation and as a real-time indicator of where the market is headed before traditional exchanges reopen.

Frequently Asked Questions

What is the Crude Oil WTI perpetual?

The Crude Oil WTI perpetual is a derivative contract on Hyperliquid that tracks the Crude Oil WTI spot price without an expiration date. It uses funding rates every 8 hours to stay anchored to the oracle price, allowing traders to get 24/7 exposure to Crude Oil WTI with leverage.

How does the Crude Oil WTI perp price compare to spot Crude Oil WTI?

The perpetual price closely tracks spot Crude Oil WTI but can trade at a slight premium or discount depending on market sentiment. When the perp trades above spot, longs pay shorts through the funding rate. When it trades below, shorts pay longs. This mechanism keeps the two prices aligned over time.

Can I trade Crude Oil WTI on weekends?

Yes. Unlike traditional exchanges that close on weekends and holidays, the Crude Oil WTI perpetual on Hyperliquid trades 24/7. Weekend liquidity may be thinner, but the market remains open for trading and price discovery.