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MSTR perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-11-10 22:42 UTC

MSTR is quoted on 6 contracts. The highest funding rate is on Bybit at +18.15% annualised, quoted per 8h, and the lowest is on OKX at 0.00% — a gap of 18.15 points. Every contract here quotes its rate per 8h.

Highest rate now
+18.15%
Bybit · 8h
Lowest rate now
0.00%
OKX · 8h
Spread
18.15
points
Highest 30d realised APR
+14.51%
Bitget

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
BybitCentralisedMSTRUSDT +0.0166%8h +18.15% +5.75%
Annualised · +5.75% · range -262.4% … +156.7% · 90 settlements
50x 30.2M
Liquidation → Trade
BitgetCentralisedMSTRUSDT +0.0115%8h +12.59% +14.51%
Annualised · +14.51% · range -177.4% … +94.9% · 90 settlements
50x 39.7M
Liquidation → Trade
LighterOn-chainMSTR +0.0032%8h +3.50% —
no history yet
 10x 2.3M
Liquidation → Trade
AsterOn-chainMSTRUSDT 0.0000%8h 0.00% +5.35%
Annualised · +5.35% · range -197.1% … +148.6% · 90 settlements
50x 3.3M
Liquidation → Trade
GateCentralisedMSTR_USDT 0.0000%8h 0.00% +3.32%
Annualised · +3.32% · range -33.1% … +77.7% · 90 settlements
50x 13.0M
Liquidation → Trade
OKXCentralisedMSTR-USDT-SWAP 0.0000%8h 0.00% +4.91%
Annualised · +4.91% · range -186.9% … +114.3% · 90 settlements
50x 51.9M
Liquidation → Trade

Common questions

Which exchanges list MSTR perpetual futures?

MSTR trades as 6 perpetual contracts across 6 venues: Aster, Bitget, Bybit, Gate, Lighter and OKX. The busiest is OKX, with $51.9M of 24h turnover — 37% of the total.

Where is MSTR funding cheapest right now?

For a long, the most favourable collected rate is 0.00% annualised on OKX; for a short, it is +18.15% on Bybit — a gap of 18.15 points.

How much funding does a 10,000 USDT MSTR position pay per day?

At current rates a 10,000 USDT long pays about +4.97 USDT a day on Bybit and 0.00 USDT on OKX. Over the past 30 days Bybit actually settled an average of +1.58 USDT a day on the same position.

How often does MSTR funding settle?

It depends on the venue: Lighter every 1h; Aster, Bitget, Bybit and Gate every 8h.

What has MSTR funding actually paid over the past 30 days?

The highest realised figure was on Bitget: +14.51% annualised across 90 settlements, 7% of them negative. The lowest was Gate, at +3.32%. 5 of the 6 contracts have at least a week of settled history to measure.

What is the highest leverage available on MSTR?

The highest collected cap is 50x, on Aster, Bitget, Bybit, Gate and OKX. On Aster it applies up to 1M USDT of notional; above that the cap drops to 20x.

Further readingUS stock perpetuals compared: leverage, funding and depth on 6 venuesCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions

MSTR comparison scope and payment direction

Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.

Rates and chart methodology

Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Bybit · MSTRUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 50000 quote 1.0000% 50.00x —
2 50000 – 100000 quote 1.2500% 40.00x 125
3 100000 – 150000 quote 1.6700% 30.00x 545
4 150000 – 200000 quote 2.0000% 25.00x 1040
5 200000 – 300000 quote 2.0800% 24.00x 1200
6 300000 – 400000 quote 2.1700% 23.00x 1470
7 400000 – 500000 quote 2.2700% 22.00x 1870
8 500000 – 600000 quote 2.3800% 21.00x 2420
9 600000 – 800000 quote 2.5000% 20.00x 3140
10 800000 – 1000000 quote 2.6300% 19.00x 4180
11 1000000 – 1500000 quote 2.7800% 18.00x 5680
12 1500000 – 2000000 quote 2.9400% 17.00x 8080
13 2000000 – 2500000 quote 3.1300% 16.00x 11880
14 2500000 – 3000000 quote 3.3300% 15.00x 16880
15 3000000 – 3500000 quote 3.5700% 14.00x 24080
16 3500000 – 4000000 quote 3.8500% 13.00x 33880
17 4000000 – 4500000 quote 4.1700% 12.00x 46680
18 4500000 – 5000000 quote 4.5500% 11.00x 63780
19 5000000 – 6000000 quote 5.0000% 10.00x 86280
20 6000000 – 7000000 quote 5.5600% 9.00x 119880
21 7000000 – 8000000 quote 6.2500% 8.00x 168180
22 8000000 – 9000000 quote 7.1400% 7.00x 239380
23 9000000 – 10000000 quote 8.3300% 6.00x 346480
24 10000000 – 11000000 quote 10.0000% 5.00x 513480
25 11000000 – 20000000 quote 12.5000% 4.00x 788480
26 20000000 – 30000000 quote 16.6700% 3.00x 1622480
27 30000000 – 40000000 quote 20.0000% 2.50x 2621480
28 40000000 – 50000000 quote 25.0000% 2.00x 4621480
29 50000000 – 70000000 quote 33.3300% 1.50x 8786480
30 70000000 – ∞ quote 50.0000% 1.00x 20455480

Bitget · MSTRUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 50000 quote 1.0000% 50.00x —
2 50000 – 150000 quote 2.0000% 25.00x —
3 150000 – 300000 quote 2.5000% 20.00x —
4 300000 – 750000 quote 4.0000% 15.00x —
5 750000 – 3000000 quote 5.0000% 10.00x —
6 3000000 – 10000000 quote 10.0000% 5.00x —
7 10000000 – 15000000 quote 12.5000% 4.00x —
8 15000000 – 25000000 quote 17.0000% 3.00x —
9 25000000 – 50000000 quote 25.0000% 2.00x —
10 50000000 – ∞ quote 50.0000% 1.00x —

Lighter · MSTR No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 6.0000% 10.00x —

Aster · MSTRUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 1000000 quote 1.5000% 50.00x —
2 1000000 – 5000000 quote 2.5000% 20.00x 10000
3 5000000 – 10000000 quote 5.0000% 10.00x 135000
4 10000000 – 20000000 quote 10.0000% 5.00x 635000
5 20000000 – 30000000 quote 12.5000% 4.00x 1135000
6 30000000 – 40000000 quote 16.6700% 3.00x 2386000
7 40000000 – 100000000 quote 25.0000% 2.00x 5718000
8 100000000 – 1000000000 quote 50.0000% 1.00x 30718000

Gate · MSTR_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 50000 quote 1.0000% 50.00x —
2 50000 – 70000 quote 1.2500% 40.00x 125
3 70000 – 100000 quote 1.7500% 35.00x 475
4 100000 – 200000 quote 2.0000% 30.00x 725
5 200000 – 300000 quote 2.5000% 25.00x 1725
6 300000 – 500000 quote 3.5000% 20.00x 4725
7 500000 – 1000000 quote 4.5000% 16.00x 9725
8 1000000 – 2000000 quote 5.5000% 12.00x 19725
9 2000000 – 3000000 quote 7.0000% 10.00x 49725
10 3000000 – 5000000 quote 10.0000% 8.00x 139725
11 5000000 – 7000000 quote 12.0000% 6.00x 239725
12 7000000 – 10000000 quote 15.0000% 5.00x 449725
13 10000000 – 20000000 quote 20.0000% 3.00x 949725
14 20000000 – 30000000 quote 30.0000% 2.00x 2949725
15 30000000 – 50000000 quote 40.0000% 1.50x 5949725
16 50000000 – 70000000 quote 60.0000% 1.20x 15949725
17 70000000 – ∞ quote 80.0000% 1.05x 29949725

OKX · MSTR-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 1000 base 0.6500% 50.00x —
2 1000.01 – 2000 base 1.0000% 40.00x —
3 2000.01 – 4000 base 1.5000% 20.00x —
4 4000.01 – 8000 base 2.0000% 18.18x —
5 8000.01 – 12000 base 2.5000% 16.66x —
6 12000.01 – 16000 base 3.0000% 15.38x —
7 16000.01 – 20000 base 3.5000% 14.28x —
8 20000.01 – 24000 base 4.0000% 13.33x —
9 24000.01 – 28000 base 4.5000% 12.50x —
10 28000.01 – 32000 base 5.0000% 11.76x —
11 32000.01 – 36000 base 5.5000% 11.11x —
12 36000.01 – 40000 base 6.0000% 10.52x —
13 40000.01 – 44000 base 6.5000% 10.00x —
14 44000.01 – 48000 base 7.0000% 9.52x —
15 48000.01 – 52000 base 7.5000% 9.09x —
16 52000.01 – 56000 base 8.0000% 8.69x —
17 56000.01 – 60000 base 8.5000% 8.33x —
18 60000.01 – 64000 base 9.0000% 8.00x —
19 64000.01 – 68000 base 9.5000% 7.69x —
20 68000.01 – 72000 base 10.0000% 7.40x —
21 72000.01 – 76000 base 10.5000% 7.14x —
22 76000.01 – 80000 base 11.0000% 6.89x —
23 80000.01 – 84000 base 11.5000% 6.66x —
24 84000.01 – 88000 base 12.0000% 6.45x —
25 88000.01 – 92000 base 12.5000% 6.25x —
26 92000.01 – 96000 base 13.0000% 6.06x —
27 96000.01 – 100000 base 13.5000% 5.88x —
28 100000.01 – 104000 base 14.0000% 5.71x —
29 104000.01 – 108000 base 14.5000% 5.55x —
30 108000.01 – 112000 base 15.0000% 5.40x —
31 112000.01 – 116000 base 15.5000% 5.26x —
32 116000.01 – 120000 base 16.0000% 5.12x —
33 120000.01 – 124000 base 16.5000% 5.00x —
34 124000.01 – 128000 base 17.0000% 4.87x —
35 128000.01 – 132000 base 17.5000% 4.76x —
36 132000.01 – 136000 base 18.0000% 4.65x —
37 136000.01 – 140000 base 18.5000% 4.54x —
38 140000.01 – 144000 base 19.0000% 4.44x —
39 144000.01 – 148000 base 19.5000% 4.34x —
40 148000.01 – 152000 base 20.0000% 4.25x —
41 152000.01 – 156000 base 20.5000% 4.16x —
42 156000.01 – 160000 base 21.0000% 4.08x —
43 160000.01 – 164000 base 21.5000% 4.00x —
44 164000.01 – 168000 base 22.0000% 3.92x —
45 168000.01 – 172000 base 22.5000% 3.84x —
46 172000.01 – 176000 base 23.0000% 3.77x —
47 176000.01 – 180000 base 23.5000% 3.70x —
48 180000.01 – 184000 base 24.0000% 3.63x —
49 184000.01 – 188000 base 24.5000% 3.57x —
50 188000.01 – 192000 base 25.0000% 3.50x —
51 192000.01 – 196000 base 25.5000% 3.44x —
52 196000.01 – 200000 base 26.0000% 3.38x —
53 200000.01 – 204000 base 26.5000% 3.33x —
54 204000.01 – 208000 base 27.0000% 3.27x —
55 208000.01 – 212000 base 27.5000% 3.22x —
56 212000.01 – 216000 base 28.0000% 3.17x —
57 216000.01 – 220000 base 28.5000% 3.12x —
58 220000.01 – 224000 base 29.0000% 3.07x —
59 224000.01 – 228000 base 29.5000% 3.03x —
60 228000.01 – 232000 base 30.0000% 2.98x —
61 232000.01 – 236000 base 30.5000% 2.94x —
62 236000.01 – 240000 base 31.0000% 2.89x —
63 240000.01 – 244000 base 31.5000% 2.85x —
64 244000.01 – 248000 base 32.0000% 2.81x —
65 248000.01 – 252000 base 32.5000% 2.77x —
66 252000.01 – 256000 base 33.0000% 2.73x —
67 256000.01 – 260000 base 33.5000% 2.70x —
68 260000.01 – 264000 base 34.0000% 2.66x —
69 264000.01 – 268000 base 34.5000% 2.63x —
70 268000.01 – 272000 base 35.0000% 2.59x —
71 272000.01 – 276000 base 35.5000% 2.56x —
72 276000.01 – 280000 base 36.0000% 2.53x —
73 280000.01 – 284000 base 36.5000% 2.50x —
74 284000.01 – 288000 base 37.0000% 2.46x —
75 288000.01 – 292000 base 37.5000% 2.43x —
76 292000.01 – 296000 base 38.0000% 2.40x —
77 296000.01 – 300000 base 38.5000% 2.38x —
78 300000.01 – 304000 base 39.0000% 2.35x —
79 304000.01 – 308000 base 39.5000% 2.32x —
80 308000.01 – 312000 base 40.0000% 2.29x —
81 312000.01 – 316000 base 40.5000% 2.27x —
82 316000.01 – 320000 base 41.0000% 2.24x —
83 320000.01 – 324000 base 41.5000% 2.22x —
84 324000.01 – 328000 base 42.0000% 2.19x —
85 328000.01 – 332000 base 42.5000% 2.17x —
86 332000.01 – 336000 base 43.0000% 2.15x —
87 336000.01 – 340000 base 43.5000% 2.12x —
88 340000.01 – 344000 base 44.0000% 2.10x —
89 344000.01 – 348000 base 44.5000% 2.08x —
90 348000.01 – 352000 base 45.0000% 2.06x —
91 352000.01 – 356000 base 45.5000% 2.04x —
92 356000.01 – 360000 base 46.0000% 2.02x —
93 360000.01 – 364000 base 46.5000% 2.00x —