⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.
MSTR perpetuals: where they're listed
Hyperliquid does not list MSTR perps. 12 of the perp DEXs we cover do, with the contract details below.
Strategy · equity perp — name and classification as published by Aster.
Which venues list MSTR
12 of the perp DEXs this site covers list a MSTR perpetual. Each uses its own ticker for the same underlying — shown below so you can confirm you're on the right market before sizing a position.
| Venue | Ticker there | Contract tracks | Max leverage |
|---|---|---|---|
| Aster | MSTRUSDT | 1 unit | not published on the public API |
| Lighter | MSTR | 1 unit | not published on the public API |
| edgeX | MSTRUSDC | 1 unit | up to 10x on the smallest position tier — falls as size grows Maintenance margin 5% |
| Paradex | MSTR-USD-PERP | 1 unit | not published on the public API |
| Pacifica | MSTR | 1 unit | 10x |
| GRVT | MSTR_USDT_Perp | 1 unit | not published on the public API |
| Variational | MSTR | 1 unit | not published on the public API |
| ApeX Omni | MSTR-USDT | 1 unit | 50x |
| SoDEX | MSTR-USD | 1 unit | 10x |
| Nado | MSTR-PERP | 1 unit | not published on the public API |
| Vest Markets | MSTR-USD-PERP | 1 unit | 25x implied — see note below |
| Ondo Perps | MSTR-USD.P | 1 unit | 10x |
Venue coverage from each exchange's own public market-list endpoint, snapshot 2026-10-07. Tickers are reproduced exactly as the venue publishes them. Where a venue doesn't publish a leverage cap without an authenticated key, this table says so rather than estimating one.
How the venues differ for MSTR
Leverage caps differ: ApeX Omni allows up to 50x on MSTR where Pacifica caps at 10x. If the ceiling matters to you, ApeX Omni is the higher one — though the liquidation math is the same at whatever multiple you actually run.
On the implied dYdX figure: dYdX doesn't publish a max-leverage number. The figure above is 1 ÷ the market's initial margin fraction, which is the leverage that margin requirement allows. Treat it as a reading taken at the snapshot date, not a fixed venue setting — per dYdX's help centre, once a market's open interest passes its lower cap the initial margin fraction rises, which pushes the usable leverage down (all the way to 1x at the upper cap). dYdX doesn't document whether the published fraction already reflects that scaling, so we don't claim either way. Maintenance margin, where shown, is a stated field rather than a derivation: it's the equity ratio below which the position is liquidated.
What to check before trading MSTR
Contract mechanics differ by venue: fee schedules, funding intervals, margin rules and liquidation behaviour are set per exchange, not per asset. Start with perpetuals explained for the instrument itself, then read the venue's own page — Aster, Lighter, edgeX, Paradex, Pacifica, GRVT, Variational, ApeX Omni, SoDEX, Nado, Vest Markets, Ondo Perps — for how it charges and how it liquidates.
We publish live price and funding data for Hyperliquid markets. Hyperliquid doesn't list MSTR, so there's no live strip on this page — the venue coverage above is built from each exchange's own market list and dated at the snapshot shown.
Related markets
Chosen from the venues' own classification tags and from which venues list each asset — not from price behaviour. Venue counts are from the 2026-10-07 snapshot.
- MU — Micron · 12 venues · venue tag: stock
- META — Meta Platforms, Inc. · 12 venues · venue tag: stock
- NVDA — NVIDIA · 12 venues · venue tag: stock
- GOOGL — Google · 12 venues · venue tag: stock
- SNDK — SanDisk · 12 venues · venue tag: stock
- CRCL — Circle · 12 venues · venue tag: stock
Directory order: ← MSFT · MTL →
Other markets
Browse all covered perp markets, or compare across venues with the live funding, open interest, and volume tools.
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