Brent perpetuals on Bitget and OKX rise about 3.5%: which price applies?

What the current snapshots actually show

The Bitget public ticker returned a last price of 113.80 for BZUSDT, against an open24h value of 109.91. Its change24h field was 0.03539, equivalent to 3.539%. The snapshot's timestamp corresponds to 00:40:31 SGT on 31 October. These fields describe that venue's contract and rolling comparison; they are not a fresh measurement of a physical oil cargo. Bitget's ticker feed contains the BZUSDT observation.

The OKX feed returned 113.75 for BZ-USDT-SWAP, with open24h also at 109.91, at 00:40:28 SGT. The arithmetic is (113.75 ÷ 109.91 − 1) × 100 = approximately 3.49%. This independently observed venue quote supports the direction and approximate size of the move in a comparable Brent-linked perpetual. It does not make the two venue contracts identical in every specification. The OKX ticker feed supplies those inputs.

The difference between those last prices is 0.05 USDT, calculated as 113.80 − 113.75. Because the requests were separate and last trades occur at different moments, the difference is descriptive. It says nothing by itself about the price available for a particular order size after execution costs.

Both observations belong to the new Singapore calendar day. Their rolling 24-hour reference values reach back into the previous day. A date change at midnight does not restart a rolling return, and it does not turn a current last price into a completed daily close.

Why the $118.02 headline needs its own label

Odaily's 30 October report says Gate's XBRUSD had risen above $118 a barrel and stood at $118.02, a 2.7% increase over 24 hours. That is the source's number for the instrument it names. Replacing 2.7% with a percentage calculated from a different venue's BZUSDT quote would change the subject of the claim.

The current snapshots were fetched later. They use different identifiers and separate venue data. The evidence therefore supports reporting several labelled observations, rather than one supposedly universal Brent price. We have not established which component accounts for the gap between the earlier Gate quote and these later perpetual prices.

A reader comparing an article with an order screen should write down the source name, full ticker, timestamp and denominator used for the return. A screen showing 24-hour performance and a report comparing with a previous session close can display different percentages even when both calculations are internally correct. First reproduce each calculation on its own terms.

The same discipline applies to a screenshot passed around without a symbol. A number labelled only “oil” leaves out whether it refers to Brent, WTI or a derivative built around either benchmark. For this story, BZUSDT and BZ-USDT-SWAP are the identifiers in the opened venue records; the older news item expressly names XBRUSD.

Yahoo's Brent future is another observation

The Yahoo Finance chart response identifies BZ=F as “Brent Crude Oil Last Day Financial Futures,” with instrumentType FUTURE and currency USD. Its regularMarketPrice was $113.48. The accompanying regularMarketChangePercent was 2.419%, and previousClose was $110.80. Yahoo's chart response provides the instrument metadata.

The calculation (113.48 ÷ 110.80 − 1) × 100 gives about 2.42%. That differs from the approximately 3.5% rolling return in the venue snapshots because the supplied comparison inputs differ. Yahoo's regularMarketTime corresponds to 00:30:22 SGT, earlier than the two perpetual snapshots.

This is useful independent market context, but it should remain labelled BZ=F. The response also contains chartPreviousClose, a separate field associated with the requested chart range. Using that field instead of previousClose would answer a different comparison. A reader copying numbers into a spreadsheet should preserve the field names alongside the values.

Keep the BZ=F label beside the Yahoo quote so that a later comparison preserves the same instrument, currency and reference price.

The official contract records confirm what exists

Bitget's public contract record lists BZUSDT, baseCoin BZ, quoteCoin USDT, symbolType perpetual and symbolStatus normal. Its supported margin coin is USDT. Those are direct product observations from the official record opened for this article. They establish the listed contract, while an individual customer's permissions still need to be checked in that customer's account. Bitget's contract specifications feed lists BZUSDT.

OKX's instrument record lists BZ-USDT-SWAP with state live, settleCcy USDT and ctType linear. The published ctVal is 0.01 and ctValCcy is BZ. Read the contract quantity fields before treating an order's number of contracts as a quantity of the underlying. The OKX instruments feed supplies the record.

OKX's commodity-perpetuals guide identifies BZUSDT with ICE Brent crude oil and describes the product as delivery-contract-based. It says commodity perpetuals have no expiry date, while remaining subject to margin requirements and funding payments. These mechanics explain why a perpetual holding is a separate product from a dated futures observation. The official commodity-perpetuals guide describes the reference and mechanics.

The guide also describes automatic transitions in the contract month referenced by the index. A trader holding the perpetual therefore needs to inspect the reference and rollover rules, even though the perpetual itself has no expiry. This article does not infer that a rollover caused the price differences above; the opened observations do not establish that connection.

Compare last, index and mark before changing an order

Bitget's same ticker snapshot reports lastPr of 113.80, indexPrice of approximately 113.8799 and markPrice of 113.79. These are separate fields in one response. A chart displaying the last trade can therefore show a different number from an account panel displaying the mark.

When checking an existing position, identify which price the panel uses and read the contract's applicable liquidation rules. Record the displayed liquidation level and the amount of margin available. A market headline quoting a last trade cannot substitute for those account-specific inputs.

For a proposed order, inspect the bid and ask and the quantity available for the intended size. The Bitget snapshot showed bid 113.80 and ask 113.81; OKX showed bid 113.75 and ask 113.76. Those are timestamped observations rather than execution promises. Recheck the order ticket before submitting because a past top-of-book quote does not reserve liquidity.

Keep the position's product and direction visible when reviewing costs. OKX's guide says funding applies when a position is held at settlement, and settlement intervals can vary by product. It directs readers to the current contract specification. A rolling price gain alone cannot tell a holder the full cost of maintaining a position.

For a wider view of crypto derivatives alongside this oil observation, use the funding-rates board and liquidations board. Those pages answer different market questions.

What to retain for a useful comparison

Start with the contract you actually hold or are considering, rather than the largest percentage in a news feed. Save its symbol and the time of observation. Add the last price, the stated reference value and the formula for the return. This makes it possible to compare a later snapshot without silently changing the baseline.

If the question concerns why a venue quote differs from a news headline, compare timestamps and contract references before drawing a conclusion about mispricing. If the question concerns an existing position, the relevant evidence is the account's contract, margin and order status. A broad market return cannot answer whether a particular order filled.

A useful next market update would contain a newer observation of the same instrument with the same return definition. A useful explanation of the gap would require evidence about the respective reference contracts or venue calculations. A causal oil story would require a named, opened source supporting the catalyst. The current evidence supports the labelled price comparisons above.

Quick answers

Did all Brent prices rise by 3.5%?

The approximately 3.5% figure here belongs to the two Brent-linked perpetual snapshots and their rolling reference values. Odaily reported Gate's XBRUSD up 2.7%, while Yahoo's BZ=F response showed about 2.42% against previousClose. Keep each number attached to its instrument and period.

Do the official feeds verify that the contracts exist?

Yes. Bitget's record lists BZUSDT as a perpetual with normal status, and OKX's record lists BZ-USDT-SWAP as live. Public records establish those products; check personal account permissions separately before attempting an order.

Is the difference between $118.02 and 113.80 a trading opportunity?

The observations alone do not establish that. They concern different products at different times. An execution comparison would need synchronized tradable prices, matching exposure, quantities and applicable costs. Neither headline number supplies all those inputs.