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MicroStrategy (MSTR) Perpetual Futures

MicroStrategy (MSTR) Perpetual Futures — Live Data

Price
$92.93
Total Open Interest
$20.8m
24h Volume
$23.1m
Venues
6

Where to Trade MicroStrategy (MSTR) Perpetual Futures

MicroStrategy (MSTR) perpetual futures are live on 6 venues. The venue cards compare open interest, 24h volume, and funding. The data updates every two minutes, and each card links directly to MSTR trading.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Open Interest
$20.4m
24h Volume
$17.9m
Taker Fee
0.045%
Max Lev.
40x
Rating
9.2/10
Extended logo
Extended
Starknet
Open Interest
$468.0k
24h Volume
$4.6m
Taker Fee
0.025%
Max Lev.
100x
Rating
7.0/10
Aster logo
Aster
BNB Chain
Open Interest
24h Volume
$115.1k
Taker Fee
0.040%
Max Lev.
100x
Rating
7.5/10
Gains Network logo
Gains Network
Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana
Open Interest
24h Volume
Fee model
Position model
Max Lev.
1000x
Rating
8.0/10
Lighter logo
Lighter
zkLighter
Open Interest
24h Volume
$500.6k
Taker Fee
0.000%
Max Lev.
50x
Rating
7.5/10
Ostium logo
Ostium
Arbitrum
Open Interest
24h Volume
Fee model
Position model
Max Lev.
200x
Rating
7.5/10

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 panel updates every 2 minutes. It shows annualized rates for each exchange that lists 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?
Among 2 tracked MSTR venues with comparable order-book schedules, SynFutures lists the lowest taker fee at 0.020%. Extended lists 0.025%. 2 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does MicroStrategy open interest compare across exchanges?
The MicroStrategy (MSTR) open-interest chart shows the total value of outstanding MSTR derivative contracts on each exchange. 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. The "Where to Trade MicroStrategy (MSTR) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

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