MSTR

EQUITY

MicroStrategy

PERP: 7 VENUESSPOT: 2 ISSUERS

Tech / Bitcoin Treasury

Bitcoin treasury equity exposure across onchain markets.

PRICE: $96.88
SPOT SPREAD: 18.6bps
PERP SPREAD: 3.7bps
PERP VENUES: 7
SPOT ISSUERS: 2
MAX LEVERAGE: 200x
VOLUME 24H: $12.3M
OPEN INTEREST: $24.0M

AVAILABLE ON

tradeXYZExtendedQFEXLighterVariationalOstiumVest

PRICE

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EXPOSURE ROUTES

SPOT AND PERPS SEPARATED

TOKENIZED SPOT

Issuer, chain, contract and stablecoin access rails. Expand an issuer for the individual on-chain pools; price shown is the highest-volume pool, where we have one, else the issuer's own quote.

12 ROUTES

ISSUERNETWORKSACCESSPRICESPREAD24H VOLLINK

▸

xStocksMSTRx · 4 pools

Arbitrum BNB Chain Ethereum+8

Atomic · USDC / USDG / USDT$96.55-$399.8KINFO

▸

RobinhoodMSTR · 1 pool

Robinhood Chain

Contract$95.7218.6bps$11.6KINFO

PERP EXECUTION COST

Where does MSTR execute cheapest?

Set your size and direction — we pull the live order book from every venue listing MSTR and rank them by all-in cost: spread, depth slippage and venue fee, plus funding carry if you set a holding period. The same trade can cost meaningfully more on the wrong venue.

Trade setup

5 markets found for MSTR

Notional size (USD)

Order type

Direction

Funding carry

Ready

Offline

Waiting for venue books

We will rank routes as soon as at least one venue responds.

Venue ranking

Sorted by lowest all-in cost; depth-exhausted books are held back from winning.

0/5 priced

MarketEff. priceSlippageFeeAll-inCost line

tradeXYZcheckingHIP-3

Lighterchecking

Variationalchecking

Ostiumchecking

Vestchecking

Effective price folds spread, depth-slippage and base fee into the price you transact at; all-in adds funding over the selected holding period. Books are live snapshots at load time. HIP-3 deployer markets share Hyperliquid infrastructure but are shown as distinct markets. Estimate only, not execution advice.

Open in price aggregator

MEASURED BOOK QUALITY

captured 2026-08-06 · 15:00 UTC

VENUESPREADRT $10KRT $100KBOOK

tradeXYZxyz:MSTR

3.7bps4.5bps≥9.9bpsladder

Round-trip cost is spread plus depth impact from one daily book walk — venue fees are not included. ≥ marks a book that couldn't fill the size, so the figure is a lower bound.