WTI, Brent, and Natural Gas Markets are Now Available 24/7 on GMX
Trade the top energy commodity perps with highly competitive fees — powered by Chainlink and Arbitrum.
What’s Available to Traders
GMX has launched 24/7 perpetual markets for WTI Crude Oil (WTIOIL/USD), Brent Crude (BRENTOIL/USD), and Natural Gas (NATGAS/USD). All three are backed by and tradable using WETH and USDC on Arbitrum; there is no underlying spot asset. Market pricing for the energy commodities is powered by high-speed data from Chainlink Data Streams.
GMX removes three major constraints of traditional energy futures: the 49-hour weekend blackout, a daily one-hour gap, and a timezone problem that puts the most liquid sessions in the middle of the night for anyone outside the US or UK. Add a broker requirement, margin accounts, and a ~$90K minimum notional per WTI contract, and retail access effectively doesn’t exist.
Additional Market Specs:
Availability: 24/7, continuous
Trading fees: Starting at just 1 or 2 bps during CME market hours, and based on the Open Interest balance
Maximum leverage: OIL: 100x during on-hours / 25x during off-hours; NATGAS: 40x during on-hours / 20x during off-hours
Dynamic liquidity: The GM pools underlying these energy perps were added to the GLV [ETH-USDC] vault, so liquidity can dynamically meet demand
Primary blockchain deployment: Arbitrum One
Multichain access: Users on Base, BNB Chain, and Ethereum Mainnet can also seamlessly trade these energy markets via their GMX Account
Trade the energy markets at: app.gmx.io
Session-Based Parameters
Akin to the low-fee Gold and Silver markets launched last week, energy commodities have clear active trading sessions that affect liquidity depth and price stability. The parameters for these 24/7 GMX markets reflect that reality, with conditions adapting to on-hours and off-hours trading:
Energy commodity markets are technically open around the clock, but their liquidity profile is not uniform. WTI and Brent crude have benchmark pricing windows tied to major trading centers. Natural gas pricing is similarly concentrated during peak session hours.
Outside those windows, bid/ask spreads widen, order book depth thins, and price moves can be more abrupt. GMX’s on/off-hours parameters for fees, leverage, and open interest caps account for this directly.
GMX has adopted these primary markets while removing their traditional constraints, enabling traders to open, close, reduce, or adjust their positions even during the Friday-to-Sunday blackout or the daily one-hour maintenance gap.
Why Energy Commodities
WTI and Brent crude are the two primary global oil benchmarks and underpin the largest commodity derivatives markets. Natural gas is also one of the most actively traded energy instruments, with pricing that responds to supply dynamics, weather, and macro conditions.
Trading these instruments on leverage through traditional channels requires a futures account or a brokerage with commodities access; routes that introduce counterparty risk and other friction. GMX’s synthetic perps remove the custodian from the equation, and democratize access.
GMX’s Expanding Market Coverage
The launch of WTIOIL/USD, BRENTOIL/USD, and NATGAS/USD follows last week’s introduction of low-fee XAU/USD (Gold) and XAG/USD (Silver) markets, GMX’s first perps for real-world assets.
The expansion logic is consistent: we focus on globally traded instruments with the liquidity depth and pricing infrastructure needed to support synthetic perp markets without weakening risk parameters.
GMX’s objective is to be a leading permissionless trading platform for a broad range of globally traded instruments, including Forex and stock indices. The current RWA market lineup is the first phase of that ongoing expansion. Sign up to be notified when new markets go live:
Chainlink Data Streams
All three markets are powered by the Chainlink data standard via Data Streams, which actively secures all of GMX’s existing 100+ perp markets.
For perpetuals, oracle quality has a direct bearing on execution integrity. The low-latency delivery window closes the gap between oracle price and market price, and the aggregated pricing is designed to make price manipulation significantly more difficult. These properties matter to all users, and are even more relevant during the off-hours when underlying liquidity is thinner.
About GMX:
GMX is the go-to permissionless exchange for trading Perps on a growing range of global financial instruments. Trade 100+ transparently fair markets across multiple asset classes, with up to 100x leverage, fast execution, and sub-second Chainlink oracle pricing—all from your wallet.
Over 45,000 liquidity providers on GMX earn from billions in weekly volume. Trusted by thousands of traders daily and integrated across 70+ DeFi protocols, GMX is a foundational layer for DeFi on public blockchains.
Join the GMX community:
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Github: https://github.com/gmx-io
Documentation: https://docs.gmx.io/