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Gold, silver, oil and other commodity perpetuals
SilkDEX lists 5 commodity perpetuals — gold, silver, WTI crude oil, natural gas and copper — margined and settled in USDC, with leverage of up to 20x on gold, silver and WTI crude oil and 10x on natural gas and copper. Funding is paid every 4 hours on gold, silver and WTI crude oil and every 8 hours on natural gas and copper; the standard fee is 0.1% maker / 0.1% taker. For gold that quotes around the clock, there are also perps on the PAXG and XAUT gold tokens.
- 5 commodities
- Up to 20x
- USDC margin
- Trades 24/7
All 5 markets
| Market | Tracks | Max leverage | Funding | Price hours | Listed by |
|---|---|---|---|---|---|
| XAU-USDC | Gold | 20x | 4h | Sun 17:00 – Fri 16:00 CT, daily break | Orderly |
| XAG-USDC | Silver | 20x | 4h | Sun 17:00 – Fri 16:00 CT, daily break | Orderly |
| CL-USDC | WTI Crude Oil | 20x | 4h | Sun 17:00 – Fri 16:00 CT, daily break | Orderly |
| NATGAS-USDC | Natural Gas | 10x | 8h | Sun 17:00 – Fri 16:00 CT, daily break | mythos |
| COPPER-USDC | Copper | 10x | 8h | Sun 17:00 – Fri 16:00 CT, daily break | mythos |
From Orderly's public API as of 2026-10-13. Live prices, funding rates and volume are in the trading terminal.
Gold-token perps
PAXG and XAUT are crypto tokens backed by physical gold. Their perps track the token prices and quote around the clock — no CME session.
| Market | Tracks | Max leverage | Funding | Price hours | Listed by |
|---|---|---|---|---|---|
| PAXG-USDC | PAX Gold | 10x | 4h | 24/7 | mythos |
| XAUT-USDC | Tether Gold | 10x | 4h | 24/7 | mythos |
Trading hours and prices
- XAU, XAG, CL, NATGAS and COPPER follow CME futures hours: Sunday 17:00 to Friday 16:00 Chicago time, with a one-hour break each day.
- Trading stays open 24/7. While the underlying market is closed the terminal shows “Market off”: you can still trade, but the index price is frozen at its last value, liquidity is thinner and prices can gap at the next open. More on market hours →
Who lists these markets, and where prices come from
XAU, XAG and CL are listed by Orderly Network. Index prices: XAU and XAG from Pyth, Hyperliquid perps and Binance futures index; CL from Hyperliquid perps and Binance futures index. NATGAS and COPPER are community-listed by mythos through Orderly's Perp Anything program: mythos chooses the price sources and trading parameters, runs the market-making — so liquidity depends on it — and funds each market's insurance fund. Orderly still runs matching, margin and settlement. What is a community-listed market?
Before you trade
- Liquidity in these markets is far thinner than in BTC or ETH. Check order-book depth and 24h volume in the terminal before you size a trade, and consider splitting large orders.
- A perpetual is a derivative that tracks the price: you don't own the underlying asset and get no dividends or voting rights.
- Leverage magnifies losses. If the price reaches your liquidation price, the position is closed and you can lose all its margin.
FAQ
Can I trade gold on SilkDEX?
Yes. XAU-USDC tracks the gold price with up to 20x leverage and funding every 4 hours; its index comes from Pyth, Hyperliquid perps and Binance futures index. Perps on the gold-backed tokens PAXG and XAUT are listed too.
Do the gold and oil perps trade on weekends?
Trading is open 24/7, but prices follow the underlying market: XAU, XAG, CL, NATGAS and COPPER follow CME futures hours (Sun 17:00 – Fri 16:00 CT, daily break). While the underlying market is closed the terminal shows “Market off”: you can still trade, but the index price is frozen at its last value, liquidity is thinner and prices can gap at the next open. PAXG and XAUT are crypto tokens and have no market session.
What is the difference between the XAU, PAXG and XAUT perps?
XAU-USDC tracks the gold price itself and follows CME hours. PAXG and XAUT are crypto tokens backed by physical gold; their perps track the token prices, which usually sit close to gold, quote around the clock and are listed by mythos.
Can I trade oil on SilkDEX?
Yes. CL-USDC tracks WTI crude oil with up to 20x leverage and funding every 4 hours; its index comes from Hyperliquid perps and Binance futures index.
Who lists the commodity perps?
XAU, XAG and CL are listed by Orderly Network. Index prices: XAU and XAG from Pyth, Hyperliquid perps and Binance futures index; CL from Hyperliquid perps and Binance futures index. NATGAS and COPPER are community-listed by mythos through Orderly's Perp Anything program: mythos chooses the price sources and trading parameters, runs the market-making — so liquidity depends on it — and funds each market's insurance fund. Orderly still runs matching, margin and settlement.
What are the fees on commodity perps?
The standard fee is 0.1% maker / 0.1% taker on the notional value of each fill (1 USDC on a 1,000 USDC taker fill); open positions also pay or receive funding.
Other asset classes: Stock perps · Index & ETF perps · Forex perps · FAQ