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Asset detail

Strategy MSTR stock tokens & perpetuals

Strategy US

Tracked for MSTR: 9 spot token markets and 8 perpetual markets across 11 trading venues.

17Venue
9stock tokens
8stock perpetuals
7On-chain contracts

MSTR markets at a glance

  • Among comparable spot token quotes, Binance's MSTRB has the lowest normalized price, at +0.55% relative to the reference.
  • The most actively traded is the stock perpetuals MSTRUSDT on Binance, with $247.71M in 24h volume.
  • On-chain, you can swap for MSTRx directly (Solana). Check the official contract address below before buying.
  • 8 perpetual markets are tracked, with a highest listed leverage of 100× and funding rates from +0.0501% to +0.8087%. Check each contract's funding interval.
  • Minimum orders start from about $0.5.
  • Data as of (sources and method)
  • Token symbols: MSTRB, MSTRx, MSTRon

About Strategy (MSTR)

Strategy (MSTR) is an American technology company, founded in 1989 and headquartered in Tysons. Industry: data visualization, technology industry, business intelligence, software industry. About 1,539 employees.

Website · Company facts from Wikidata

Strategy (MSTR) key figures

  • Of the 17 Strategy (MSTR) markets we track, Binance has the most activity, with 53% of 24h volume; spot tokens traded $38.76M and perpetuals $466.28M in total.
  • The reference price moved -22.41% over 7 days, -32.21% over 30 days; its 30-day low was US$ 96.71 (Nov 14) and high US$ 155.02 (Oct 21).
  • Over the last 30 days, MSTRBUSDT on Binance ranged from a -2.08% premium (Nov 14) to +1.83% (Nov 15) against the stock.
  • Funding is highest on Hyperliquid (+0.8907%) and lowest on Binance (0.0000%); at the highest rate with 8-hour settlement, a $10,000 long pays about $267 a day.
  • Ondo, xStocks published official contract addresses on 11 chains; verify them below before buying on-chain.

Compare price and volume

Venue

Updated
MSTR markets at a glance
Venue Type Price Premium 24h volume Trade
Binance
Best price
 Stock token MSTRBUSDT · bStocks · min order $5
More metrics
24h change
-5.76%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 100.95 +0.55% $23.76M Trade
OKX
Stock token XMSTR-USDT · xStocks · min order $1.01
More metrics
24h change
-5.71%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 100.99 +0.59% $11.15M Trade
Solana
Price off +38.61%
 Onchain spot token MSTRx · xStocks
More metrics
24h change
-3.37%
On-chain liquidity
$1.12M
Open interest
—
Funding rate
—
Max leverage
—
 US$ 139.17 — $1.69M Trade
Kraken
Stock token MSTRx/USD · xStocks · min order $0.5
More metrics
24h change
+3.50%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 101.05 +0.65% $824.7K Trade
OKX
Stock token XMSTR-USDC · xStocks · min order $1.01
More metrics
24h change
-5.68%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 101.10 +0.70% $785.3K Trade
MEXC
Stock token MSTRONUSDT · Ondo
More metrics
24h change
-5.70%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0% / 0.08%
 US$ 101.06 +0.66% $329.7K Trade
Gate
Stock token MSTRON_USDT · Ondo · min order $3
More metrics
24h change
-5.53%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0.2% / 0.2%
 US$ 101.47 +1.06% $294.8K Trade
Gate
Stock token MSTRX_USDT · xStocks · min order $3
More metrics
24h change
-6.17%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0.2% / 0.2%
 US$ 100.99 +0.59% $220.2K Trade
Pintu
Stock token MSTRONIDR · Ondo
More metrics
24h change
-5.25%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 101.24 +0.84% — Trade
Binance
Most active
 Stock perpetual MSTRUSDT · min order $5
More metrics
24h change
-5.71%
On-chain liquidity
—
Open interest
—
Funding rate
+0.0564%
Max leverage
—
 US$ 101.06 +0.77% $247.71M Trade
OKX
Stock perpetual MSTR-USDT-SWAP · min order $1.01
More metrics
24h change
-5.83%
On-chain liquidity
—
Open interest
$17.24M
Funding rate
+0.0636%
Max leverage
50×
 US$ 101.00 +0.73% $68.44M Trade
Bybit
Stock perpetual MSTRUSDT · min order $5
More metrics
24h change
-5.82%
On-chain liquidity
—
Open interest
$17.26M
Funding rate
+0.8087%
Max leverage
50×
 US$ 100.94 +0.79% $44.62M Trade
Bitget
Stock perpetual MSTRUSDT · min order $5
More metrics
24h change
-5.80%
On-chain liquidity
—
Open interest
$20.34M
Funding rate
+0.0501%
Max leverage
50×
Fees (maker/taker)
0.02% / 0.06%
 US$ 101.03 +0.51% $40.39M Trade
Hyperliquid
Stock perpetual xyz:MSTR · min order $10
More metrics
24h change
-5.94%
On-chain liquidity
—
Open interest
$27.35M
Funding rate
+0.7868%
Max leverage
10×
 US$ 100.85 +0.89% $35.12M Trade
Gate
Stock perpetual MSTR_USDT · min order $1.01
More metrics
24h change
-5.83%
On-chain liquidity
—
Open interest
$41.56M
Funding rate
+0.0875%
Max leverage
50×
Fees (maker/taker)
-0.0075% / 0.075%
 US$ 100.96 +0.16% $17.71M Trade
MEXC
Stock perpetual MSTRSTOCK_USDT · min order $1.01
More metrics
24h change
-3.11%
On-chain liquidity
—
Open interest
$6.85M
Funding rate
+0.0535%
Max leverage
100×
Fees (maker/taker)
0% / 0.02%
 US$ 101.03 +0.25% $9.13M Trade
BingX
Stock perpetual NCSKMSTR2USD-USDT · min order $2
More metrics
24h change
-5.86%
On-chain liquidity
—
Open interest
—
Funding rate
+0.7627%
Max leverage
—
Fees (maker/taker)
0.02% / 0.05%
 US$ 101.01 -0.05% $7.63M Trade

Outside regular US market hours the underlying price and premium are indicative only.

Historical trends

Premium and price history

Premium over the last 30 days

Over the last 30 days we recorded hourly token prices for MSTR on 4 venues (721 hours of data).

On average, OKX XMSTR-USDT tracked the stock most closely (+0.01%), while Kraken MSTRx/USD drifted the most (-0.12%).

In hours when several venues had prices, Kraken MSTRx/USD was the cheapest 59% of the time.

On weekdays the average gap to the stock was 0.09%; on weekends it widened to 0.19%, because only token traders set the price while the stock market is closed. Watch the premium when buying on weekends.

VenueAvg. premiumWeekend avg.Cheapest share of time
Binance MSTRBUSDT-0.05%-0.11%12%
OKX XMSTR-USDT+0.01%-0.02%1%
Kraken MSTRx/USD-0.12%-0.18%59%
OKX XMSTR-USDC-0.09%-0.12%29%

Stock token premium to the underlying

  • Binance · MSTRBUSDT
  • OKX · XMSTR-USDT
  • Kraken · MSTRx/USD
  • OKX · XMSTR-USDC
-3%-2%-1%+0%+1%+2%11-0911-1011-1111-1211-1311-1411-15OKX · XMSTR-U…Kraken · MSTR…OKX · XMSTR-U…Binance · MST…
Show daily data
DateBinance · MSTRBUSDTOKX · XMSTR-USDTKraken · MSTRx/USDOKX · XMSTR-USDC
2026-11-15+0.55%+0.59%+0.65%+0.70%
2026-11-14+0.79%+1.08%+0.94%+1.05%
2026-11-13+0.05%+0.06%0.00%-0.03%
2026-11-12-0.06%-0.06%-0.03%-0.15%
2026-11-11+0.02%+0.01%-0.04%-0.02%
2026-11-10+0.11%+0.13%+0.04%-0.03%
2026-11-09-0.01%-0.04%-0.19%-0.06%
2026-11-08-0.76%-0.64%-0.88%-0.68%

Underlying price

90.00100.00110.00120.00130.0011-0911-1011-1111-1211-1311-1411-15100.40
Show daily data
DateUnderlying price
2026-11-15100.40
2026-11-1497.79
2026-11-13109.68
2026-11-12114.65
2026-11-11120.53
2026-11-10121.46
2026-11-09126.70
2026-11-08125.08

Perpetual funding rate history (per 8 hours)

  • Binance · MSTRUSDT
  • OKX · MSTR-USDT-SWAP
  • Bybit · MSTRUSDT
  • Bitget · MSTRUSDT
-1.0%-0.5%+0.0%+0.5%+1.0%11-0911-1011-1111-1211-1311-1411-15Bybit · MSTRU…Binance · MST…OKX · MSTR-US…Bitget · MSTR…
Show daily data
DateBinance · MSTRUSDTOKX · MSTR-USDT-SWAPBybit · MSTRUSDTBitget · MSTRUSDT
2026-11-15+0.0564%+0.0636%+0.8087%+0.0501%
2026-11-14-0.5762%-0.4820%-0.4343%-0.2331%
2026-11-13+0.0085%0.0000%0.0000%+0.0038%
2026-11-12+0.0277%+0.0200%+0.0194%+0.0200%
2026-11-110.0000%0.0000%0.0000%0.0000%
2026-11-10+0.0109%+0.0041%+0.0233%+0.0162%
2026-11-09+0.0269%+0.0076%0.0000%+0.0184%
2026-11-08-0.1315%-0.1023%-0.1524%-0.0892%

Average funding rates

Venue7-day average30-day averageAnnualized
Binance MSTRUSDT-0.0232%+0.0007%+0.74%
OKX MSTR-USDT-SWAP-0.0211%+0.0010%+1.10%
Bybit MSTRUSDT-0.0068%+0.0065%+7.09%
Bitget MSTRUSDT-0.0052%+0.0100%+10.96%
Hyperliquid xyz:MSTR-0.0069%+0.0060%+6.62%
Gate MSTR_USDT-0.0032%+0.0016%+1.71%
MEXC MSTRSTOCK_USDT-0.0232%+0.0006%+0.71%
BingX NCSKMSTR2USD-USDT+0.0152%+0.0232%+25.36%

Funding is shown per 8 hours (hourly venues such as Hyperliquid are converted); when positive, longs pay shorts. Annualized figures use the 30-day average, or the 7-day average when there are fewer than 14 days of data, and actual costs change with the market. Estimate holding costs

Cross-venue funding gap: long on MEXC (7-day avg -0.0234%) and short on BingX (+0.0150%) differ by +0.0385% per 8 hours on average, or +42.14% annualized (before fees and price gaps). Funding arbitrage and basis →

Shaded bands mark regular US trading hours; stats include only tokens with a known share ratio and enough liquidity. How we calculate

Asset verification

Official contract addresses (avoid fakes)

Many copycat tokens use the same name on-chain. Only trust the issuer-published addresses below and double-check the address in your wallet or swap page before buying.

IssuerChainsContract addressCopy
Ondo MSTRon Solana FSz4ou…u2ondo
Ondo MSTRon Ethereum 0xCabD…B5556F
Ondo MSTRon BNB Chain 0x7313…ec8992
xStocks MSTRx Solana XsP7xz…jdxxyZ
xStocks MSTRx Ethereum, BNB Chain, Arbitrum, Optimism, Mantle, HyperEVM, Ink, X Layer 0xae2f…49b08e
xStocks MSTRx TON EQBbsL…Up-46H
xStocks MSTRx Tron TYiMPN…932LkV

Know before trading

Before trading / FAQ

Which venues list MSTR stock tokens & perpetuals?

The tracked venues include Binance, OKX, Bybit, Gate, Bitget, MEXC, BingX, Kraken, Pintu, Hyperliquid, Solana. Check the product type for each stock tokens & perpetuals listing, along with the venue's location and account restrictions.

Can MSTR stock tokens & perpetuals be traded on weekends?

Most venues trade at weekends, but while the stock market is closed prices are set only by traders and can drift further: over the last 30 days the average gap was 0.19% on weekends versus 0.09% on weekdays.

What is the minimum order for MSTR stock tokens & perpetuals?

The lowest minimum order across venues is currently about $0.5 (Kraken). For on-chain swaps, also check route limits, liquidity and network fees.

What is the difference between the MSTR token versions?

MSTR has token versions issued by bStocks, xStocks, Ondo. They track the same stock but are issued and held by different institutions, cannot be swapped for each other directly, and differ in price, liquidity and where they trade. Common symbols: MSTRB, MSTRx, MSTRon. Check the symbol and issuer before buying.

Do MSTR stock token holders get dividends?

bStocks: see Binance's product terms for how dividends are handled. xStocks: dividends are reinvested after tax, raising the shares each token represents. Ondo: dividends are also reinvested into the value of each token. Perpetuals only track the price and pay no dividends; some venues adjust contracts around ex-dividend dates under their own rules.

New to terms like premium or funding rate? See the glossary →

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