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MicroStrategy (MSTR) Perpetual Futures

MicroStrategy (MSTR) Perpetual Futures — Live Data

Price
$106.69
Total Open Interest
$23.1m
24h Volume
$8.4m
Venues
6

Where to Trade MicroStrategy (MSTR) Perpetual Futures

MicroStrategy (MSTR) perpetual futures are live on 6 venues. Open interest, 24h volume and funding update every two minutes — compare them below and trade MSTR directly.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Open Interest
$22.6m
24h Volume
$7.3m
Taker Fee
0.045%
Max Lev.
50x
Rating
9.2/10
Trade MSTRReview
Extended logo
Extended
Starknet
Open Interest
$529.2k
24h Volume
$353.9k
Taker Fee
0.025%
Max Lev.
100x
Rating
7.0/10
Trade MSTRReview
Aster logo
Aster
Arbitrum
Open Interest
—
24h Volume
$87.4k
Taker Fee
0.040%
Max Lev.
100x
Rating
7.5/10
Trade MSTRReview
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Open Interest
—
24h Volume
—
Taker Fee
0.050%
Max Lev.
1000x
Rating
8.0/10
Trade MSTRReview
Lighter logo
Lighter
Arbitrum
Open Interest
—
24h Volume
$656.9k
Taker Fee
0.000%
Max Lev.
50x
Rating
7.5/10
Trade MSTRReview
Ostium logo
Ostium
Arbitrum
Open Interest
—
24h Volume
—
Taker Fee
0.050%
Max Lev.
200x
Rating
7.5/10
Trade MSTRReview

Market Overview

MicroStrategy is the world's largest corporate holder of Bitcoin, having converted its treasury strategy to aggressive BTC accumulation through equity and debt issuance. MSTR stock perps are among the most important equity derivatives for crypto traders — MSTR effectively functions as a leveraged BTC proxy with a premium, making its perps useful for complex basis trades between equity and crypto markets.

Trading Tips for MicroStrategy Perps

MSTR typically trades at a significant premium to its BTC net asset value — monitor this NAV premium as a sentiment indicator. When the MSTR premium compresses toward parity, it signals BTC bull market cooling; when it expands, it indicates aggressive retail demand. The MSTR/BTC ratio is a classic crypto equity arbitrage signal.

Frequently Asked Questions — MicroStrategy (MSTR)

What is the current MSTR perpetual futures funding rate?▼
The live MicroStrategy (MSTR) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing MSTR perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest MSTR perp trading fees?▼
The lowest MSTR taker fee is 0.020% on SynFutures, versus 0.025% on Extended. The cost comparison table above compares total cost — maker/taker fees plus slippage — for a $100,000 MSTR trade across all 4 venues.
How does MicroStrategy open interest compare across exchanges?▼
MicroStrategy (MSTR) open interest is broken down by exchange in the chart above, showing the total value of outstanding MSTR derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the MSTR long/short ratio indicate?▼
The MicroStrategy long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade MSTR perpetual futures?▼
MicroStrategy (MSTR) perps are listed on 4 exchanges: Gains Network, SynFutures, Ostium, and Extended. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each venue.

Category: Stock · Data updates every 2 minutes · All rates shown are annualized

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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