You can trade oil, gold, and the S&P 500 from your phone with Bloxwap, using perps that track their prices. Open bloxwap.app in your phone's browser, pick Crude Oil or S&P 500, and tap UP if you think the price will rise or DOWN if you think it will fall. It's the same tap as Bitcoin. No futures account needed, and leverage magnifies losses as well as gains.
Which markets you can trade
trade.xyz lists these on Hyperliquid, and the market picker shows them under Commodities and Indices. The list can change.
| In the app | Ticker | What the price tracks |
|---|---|---|
| Crude Oil | CL | 1 barrel of WTI crude, the main US benchmark |
| Brent Oil | BRENTOIL | 1 barrel of Brent crude, the main global benchmark |
| Gold | GOLD | Spot price of 1 troy ounce of gold |
| Silver | SILVER | Spot price of 1 troy ounce of silver |
| Copper | COPPER | 1 pound of high-grade copper |
| S&P 500 | SP500 | The S&P 500 index of 500 large US companies |
| Nasdaq 100 | XYZ100 | trade.xyz's tech-heavy index of 100 large non-financial US companies (not the official Nasdaq-100) |
| MSCI South Korea | EWY | 1 share of the iShares MSCI South Korea ETF |
| DRAM | DRAM | 1 share of the Roundhill Memory ETF (memory-chip companies) |
Availability depends on the market and your region. Bloxwap doesn't try to match a broker's full list; it's the shortest path from a view to a position.
A perp, not a barrel or a fund share
Each market is a perpetual future, or perp: a contract that tracks a price with no expiry date. It isn't a futures contract, an ETF share, or physical oil or gold. You own nothing, and nothing gets delivered.
UP opens a long (you gain if the price rises), DOWN a short (you gain if it falls). Margin is the USDC behind the trade; leverage sets the position size. More in A beginner's guide to perpetual futures.
Where the prices come from
Each market follows an oracle, a price feed trade.xyz publishes to Hyperliquid, built from outside data while those markets are open:
- Gold and silver use spot prices.
- Oil and copper reference designated futures contracts, rolled on a set schedule.
- S&P 500 and XYZ100 combine the official index level during US stock hours with index futures quotes around them. trade.xyz licenses the S&P 500 from S&P Dow Jones Indices.
The oracle also anchors funding, an hourly payment between longs and shorts that keeps a perp near the price it tracks.
Worked example: going long oil on a supply headline
You read about a supply cut and think oil will climb. You put 30 USDC on Crude Oil at 5x leverage and tap UP, opening a $150 long.
- Oil rises 4%: the position gains $6, or 20% of your margin.
- Oil falls 4%: it loses $6, or 20% of your margin.
Headlines can reverse fast. Costs are charged on the full $150:
- Trading fees: 9.5 bps (0.095%) per fill, about $0.14 to open and $0.14 to close. These markets add a fee set by the market's deployer on top. See the fee guide.
- Funding: at an example rate of 0.005% an hour, the long pays about $0.18 a day. The rate changes hourly and can flip so longs receive it.
After a day, the win nets roughly $5.50 and the loss costs roughly $6.50, before the deployer fee. At 5x, a fall of about 20% would erase the margin, and liquidation (the exchange closing a position whose margin runs too low) comes sooner. A stop-loss can exit first at a level you choose.
Trading hours and off-session pricing
These perps keep trading on Hyperliquid outside regular market hours, but the price behaves differently when the outside markets are closed.
- The badge. Commodities and Indices show Open during the regular US stock session (9:30 AM to 4 PM ET, weekdays, excluding market holidays) and an Opens in countdown otherwise.
- Outside prices. For oil, metals, and US indices, trade.xyz uses outside prices from Sunday 6 PM ET to Friday 5 PM ET, minus a daily 5 PM to 6 PM ET break.
- Off-session. On weekends, holidays, and that daily break, the price moves on Hyperliquid trading alone and can jump when the outside market reopens. Thinner order books can also mean worse fills.
Try it first
Start in Demo: practice funds, no fees. Pick Crude Oil, tap UP or DOWN, then CLOSE. For Live, follow how to start trading on your phone, or see trading stocks in a crypto app.
Frequently asked questions
Can I trade oil on my phone without a futures account?
Yes. Bloxwap lists WTI and Brent oil perps that track the price of a barrel. You trade them in your phone's browser with USDC margin; orders route to Hyperliquid.
Is the S&P 500 market the same as buying an index fund?
No. SP500 is a perp that tracks the index level. You don't own shares or receive dividends, and leverage magnifies every index move on your margin.
Live trading involves real risk. You can lose money, especially with leverage. Only trade what you can afford to lose. You must be 18 or older (or the age of majority where you live), and restricted jurisdictions include the United States. Check the Terms of Use before trading live.