Trade Strategy (MSTR) Perpetuals
Go long or short on Strategy 24/7 with leverage — no shares, no market hours. Below are the live MSTR perp price, funding rate and the best platforms to trade it.
Trade MSTR on Perpmate →Live data from Hyperliquid, updated hourly. Funding is currently positive — longs are paying shorts to hold MSTR.
Where to trade MSTR perps
| Platform | Fees | Max Leverage | Trade |
|---|---|---|---|
| PerpmatePopular | Low maker/taker fees | Up to 50x | Trade → |
| Hyperliquid | Low maker/taker fees | Up to 20x (equities) | Trade → |
| Lighter | Zero fees for retail | Up to 20x | Trade → |
| Ostium | Has trading fees | Up to 200x | Trade → |
| Avantis | Low fees | Up to 50x+ | Trade → |
See all 12 platforms compared →
How MSTR perpetuals work
A MSTR perpetual tracks the live price of Strategy without ever expiring. Instead of buying shares through a broker during market hours, you open a leveraged position on-chain that settles in stablecoins — so you can trade MSTR nights, weekends and holidays.
A small funding rate is exchanged between longs and shorts to keep the MSTR perp price tethered to the real Strategyshare price. When funding is positive, longs pay shorts; when it's negative, shorts pay longs. Right now MSTR funding is +16.7% APR.
MSTR perps FAQ
What is a MSTR perpetual?+
A MSTR perpetual (or "MSTR perp") is a futures contract that tracks the price of Strategy with no expiry date. You can go long or short with leverage, 24/7, without owning the actual Strategy shares. A periodic funding payment keeps the perp price anchored to the underlying MSTR price.
Can I short MSTR with perps?+
Yes. Perps let you short MSTR as easily as going long — no share borrow, no locate fees. Open a short position on a platform like Perpmate to profit if Strategy falls.
Where is the best place to trade MSTR perps?+
Perpmate is our top-rated venue for MSTR perps — low maker/taker fees, up to 50x leverage and 24/7 access with no KYC. See the full platform comparison below.