Markets.xyz has launched USOIL, a tokenized perpetual contract designed to track the U.S. Oil Fund (USO) ETF. The listing opens 24/7 onchain access to U.S. oil market exposure and allows traders to use up to 10x leverage, including outside standard market hours.
The product extends Markets.xyz’s push to bring traditional assets onto blockchain rails. The platform had already introduced other real-world asset offerings, including USBOND and USOR, a token launched in January 2026 for direct exposure to U.S. oil-reserve tokens. With USOIL, the range of oil-linked instruments on the platform grows again.
Perpetual structure and funding mechanics
USOIL is structured as a perpetual contract, so it does not expire and positions can be held indefinitely. To keep the onchain market aligned with the underlying oil market, the exchange uses a funding-rate system. In bullish conditions, longs pay shorts. In bearish conditions, shorts pay longs.
According to the listing details, funding on Hyperliquid, where the Markets.xyz website operates, is settled hourly and derived from an 8-hour base rate. The asset’s base rate is set at 5% annualized. Traders can track live funding rates through the Markets.xyz dashboard as they manage positions and carrying costs.
Current market data for USOIL
At the time of the source material, USOIL was trading at $72.40, up 0.38% over the past 24 hours. Its 24-hour trading volume stood at $296.6K, while open interest was reported at $43.9K. The figures show that trading activity is live, though still relatively early in scale.
Markets.xyz presents USOIL as a way for crypto-native traders to gain direct onchain access to U.S. oil market exposure. Transparent trading, real-time funding information, and continuously updated pricing are central to the product’s pitch. The source article also states that the information provided is not financial or investment advice.