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MSTR perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-21 21:57 UTC

MSTR is quoted on 6 contracts. The highest funding rate is on Lighter at +3.50% annualised, quoted per 8h, and the lowest is on OKX at 0.00% — a gap of 3.50 points. Every contract here quotes its rate per 8h.

Highest rate now
+3.50%
Lighter · 8h
Lowest rate now
0.00%
OKX · 8h
Spread
3.50
points
Highest 30d realised APR
+18.77%
Bitget

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
LighterOn-chainMSTR +0.0032%8h +3.50% —
no history yet
 10x 1.1M
Liquidation → Trade
AsterOn-chainMSTRUSDT 0.0000%8h 0.00% +8.88%
Annualised · +8.88% · range -48.4% … +148.6% · 90 settlements
50x 2.5M
Liquidation → Trade
BitgetCentralisedMSTRUSDT 0.0000%8h 0.00% +18.77%
Annualised · +18.77% · range -92.3% … +100.6% · 90 settlements
25x 105.5M
Liquidation → Trade
BybitCentralisedMSTRUSDT 0.0000%8h 0.00% +17.48%
Annualised · +17.48% · range -68.4% … +156.7% · 90 settlements
50x 33.5M
Liquidation → Trade
GateCentralisedMSTR_USDT 0.0000%8h 0.00% +11.32%
Annualised · +11.32% · range -2.2% … +85.8% · 90 settlements
50x 8.7M
Liquidation → Trade
OKXCentralisedMSTR-USDT-SWAP 0.0000%8h 0.00% +8.29%
Annualised · +8.29% · range -39.6% … +114.3% · 90 settlements
50x 66.3M
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 Bitget, with $105.5M of 24h turnover — 48% 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 +3.50% on Lighter — a gap of 3.50 points.

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

At current rates a 10,000 USDT long pays about +0.96 USDT a day on Lighter and 0.00 USDT on OKX. Over the past 30 days OKX actually settled an average of +2.27 USDT a day on the same position.

How often does MSTR funding settle?

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

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

The highest realised figure was on Bitget: +18.77% annualised across 90 settlements, 5% of them negative. The lowest was OKX, at +8.29%. 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, Bybit, Gate and OKX. On Aster it applies up to 1M USDT of notional; above that the cap drops to 20x.

Further readingCross-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

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

Bitget · MSTRUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 100000 quote 2.0000% 25.00x —
2 100000 – 500000 quote 3.0000% 20.00x —
3 500000 – 800000 quote 4.0000% 15.00x —
4 800000 – 3000000 quote 5.0000% 10.00x —
5 3000000 – 10000000 quote 12.0000% 5.00x —
6 10000000 – 15000000 quote 15.0000% 4.00x —
7 15000000 – 25000000 quote 20.0000% 3.00x —
8 25000000 – 50000000 quote 30.0000% 2.00x —
9 50000000 – ∞ quote 60.0000% 1.00x —

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

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 – 600 base 1.0000% 50.00x —
2 600.01 – 1200 base 1.5000% 40.00x —
3 1200.01 – 2400 base 3.0000% 20.00x —
4 2400.01 – 4800 base 3.5000% 18.18x —
5 4800.01 – 7200 base 4.0000% 16.66x —
6 7200.01 – 9600 base 4.5000% 15.38x —
7 9600.01 – 12000 base 5.0000% 14.28x —
8 12000.01 – 14400 base 5.5000% 13.33x —
9 14400.01 – 16800 base 6.0000% 12.50x —
10 16800.01 – 19200 base 6.5000% 11.76x —
11 19200.01 – 21600 base 7.0000% 11.11x —
12 21600.01 – 24000 base 7.5000% 10.52x —
13 24000.01 – 26400 base 8.0000% 10.00x —
14 26400.01 – 28800 base 8.5000% 9.52x —
15 28800.01 – 31200 base 9.0000% 9.09x —
16 31200.01 – 33600 base 9.5000% 8.69x —
17 33600.01 – 36000 base 10.0000% 8.33x —
18 36000.01 – 38400 base 10.5000% 8.00x —
19 38400.01 – 40800 base 11.0000% 7.69x —
20 40800.01 – 43200 base 11.5000% 7.40x —
21 43200.01 – 45600 base 12.0000% 7.14x —
22 45600.01 – 48000 base 12.5000% 6.89x —
23 48000.01 – 50400 base 13.0000% 6.66x —
24 50400.01 – 52800 base 13.5000% 6.45x —
25 52800.01 – 55200 base 14.0000% 6.25x —
26 55200.01 – 57600 base 14.5000% 6.06x —
27 57600.01 – 60000 base 15.0000% 5.88x —
28 60000.01 – 62400 base 15.5000% 5.71x —
29 62400.01 – 64800 base 16.0000% 5.55x —
30 64800.01 – 67200 base 16.5000% 5.40x —
31 67200.01 – 69600 base 17.0000% 5.26x —
32 69600.01 – 72000 base 17.5000% 5.12x —
33 72000.01 – 74400 base 18.0000% 5.00x —
34 74400.01 – 76800 base 18.5000% 4.87x —
35 76800.01 – 79200 base 19.0000% 4.76x —
36 79200.01 – 81600 base 19.5000% 4.65x —
37 81600.01 – 84000 base 20.0000% 4.54x —
38 84000.01 – 86400 base 20.5000% 4.44x —
39 86400.01 – 88800 base 21.0000% 4.34x —
40 88800.01 – 91200 base 21.5000% 4.25x —
41 91200.01 – 93600 base 22.0000% 4.16x —
42 93600.01 – 96000 base 22.5000% 4.08x —
43 96000.01 – 98400 base 23.0000% 4.00x —
44 98400.01 – 100800 base 23.5000% 3.92x —
45 100800.01 – 103200 base 24.0000% 3.84x —
46 103200.01 – 105600 base 24.5000% 3.77x —
47 105600.01 – 108000 base 25.0000% 3.70x —
48 108000.01 – 110400 base 25.5000% 3.63x —
49 110400.01 – 112800 base 26.0000% 3.57x —
50 112800.01 – 115200 base 26.5000% 3.50x —
51 115200.01 – 117600 base 27.0000% 3.44x —
52 117600.01 – 120000 base 27.5000% 3.38x —
53 120000.01 – 122400 base 28.0000% 3.33x —
54 122400.01 – 124800 base 28.5000% 3.27x —
55 124800.01 – 127200 base 29.0000% 3.22x —
56 127200.01 – 129600 base 29.5000% 3.17x —
57 129600.01 – 132000 base 30.0000% 3.12x —
58 132000.01 – 134400 base 30.5000% 3.07x —
59 134400.01 – 136800 base 31.0000% 3.03x —
60 136800.01 – 139200 base 31.5000% 2.98x —
61 139200.01 – 141600 base 32.0000% 2.94x —
62 141600.01 – 144000 base 32.5000% 2.89x —
63 144000.01 – 146400 base 33.0000% 2.85x —
64 146400.01 – 148800 base 33.5000% 2.81x —
65 148800.01 – 151200 base 34.0000% 2.77x —
66 151200.01 – 153600 base 34.5000% 2.73x —
67 153600.01 – 156000 base 35.0000% 2.70x —
68 156000.01 – 158400 base 35.5000% 2.66x —
69 158400.01 – 160800 base 36.0000% 2.63x —
70 160800.01 – 163200 base 36.5000% 2.59x —
71 163200.01 – 165600 base 37.0000% 2.56x —
72 165600.01 – 168000 base 37.5000% 2.53x —
73 168000.01 – 170400 base 38.0000% 2.50x —
74 170400.01 – 172800 base 38.5000% 2.46x —
75 172800.01 – 175200 base 39.0000% 2.43x —
76 175200.01 – 177600 base 39.5000% 2.40x —
77 177600.01 – 180000 base 40.0000% 2.38x —
78 180000.01 – 182400 base 40.5000% 2.35x —
79 182400.01 – 184800 base 41.0000% 2.32x —
80 184800.01 – 187200 base 41.5000% 2.29x —
81 187200.01 – 189600 base 42.0000% 2.27x —
82 189600.01 – 192000 base 42.5000% 2.24x —
83 192000.01 – 194400 base 43.0000% 2.22x —
84 194400.01 – 196800 base 43.5000% 2.19x —
85 196800.01 – 199200 base 44.0000% 2.17x —
86 199200.01 – 201600 base 44.5000% 2.15x —
87 201600.01 – 204000 base 45.0000% 2.12x —
88 204000.01 – 206400 base 45.5000% 2.10x —
89 206400.01 – 208800 base 46.0000% 2.08x —
90 208800.01 – 211200 base 46.5000% 2.06x —
91 211200.01 – 213600 base 47.0000% 2.04x —
92 213600.01 – 216000 base 47.5000% 2.02x —
93 216000.01 – 218400 base 48.0000% 2.00x —