# Strategy (MicroStrategy) (MSTR) Perpetual — Live Price & How to Trade on Aster | Asterpedia

> Live Strategy (MicroStrategy) (MSTR) price, funding, and volume on Aster DEX. How to trade the MSTR 24/7 stock perp: USDT-margined, up to 50x leverage. Code M

- Source: https://asterpedia.com/markets/mstr
- Publisher: Asterpedia (https://asterpedia.com)

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[Home](https://asterpedia.com/)/[Markets](https://asterpedia.com/markets)/MSTR
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24/7 stock perpetual

# Strategy (MicroStrategy) Perpetual · MSTRUSDT

Trade the **MSTR perpetual** on [Aster DEX](https://www.asterdex.com/en/referral/MMTz04): USDT-margined, up to **50x leverage**, with no identity verification currently requested. Browsing rather than trading this one? See [every instrument listed on Aster](https://asterpedia.com/listings).

[Trade MSTR on Aster →](https://www.asterdex.com/en/referral/MMTz04)[How to trade MSTR](#how-to)

Strategy (MicroStrategy) · MSTRUSDT · Live

$153.1599

▼ -0.91% (24h)

Updated 7:00:18 AM

24h High

$156.75

24h Low

$151.32

Funding 8h

+0.0000%

24h Volume

$4.26M

Max Leverage

50x

Strategy (MicroStrategy) price · Aster

1H4H1D1W1M

Loading Strategy (MicroStrategy) chart…

Live MSTRUSDT candles from Aster's public API. For trading, verify on [asterdex.com](https://www.asterdex.com/en/referral/MMTz04).

## About Strategy (MicroStrategy) (MSTR)

Strategy (MSTR, formerly MicroStrategy) holds a large corporate Bitcoin treasury, which is why its stock often moves as a high-beta proxy for BTC. The MSTR market on Aster is a USDT-settled perpetual tracking an index price supplied by a third-party oracle network. It is not the share, and it does not carry shareholder rights.

## Trading Strategy Perpetuals on Aster

On Aster, Strategy trades as the 24/7 USDT-margined **MSTRUSDT** perpetual: a contract with no expiry date, where your collateral and your profit or loss are both settled in USDT rather than in MSTR itself. Leverage runs up to **50x** on the standard order-book market, and funding is exchanged between longs and shorts every eight hours to keep the contract price tracking its index; the last 30 and 90 days of those settlements are on the [Aster funding rate history](https://asterpedia.com/markets/funding-rate-history) page. Because a perpetual never delivers the underlying, the Strategy market stays open around the clock, including the nights, weekends and holidays when the underlying market is shut. The instrument itself is issued by a third party and its price comes from a third-party oracle feed rather than from Aster. Orders can be placed openly or through Aster's [hidden-order mode](https://asterpedia.com/privacy/aster-hidden-orders-explained), which keeps size out of the public book until the moment it executes.

## How the MSTRUSDT Perp Differs From Owning Strategy

Owning Strategy exposure the traditional way means a brokerage account, market hours and, for commodities, a dated futures contract that eventually expires. The MSTRUSDT perpetual replaces all of that with a USDT-margined position you open from a wallet. That difference has three practical consequences. Going short is as easy as going long, so a falling MSTR price is something you can trade rather than sit out. Position size can exceed collateral, up to 50x, which magnifies losses at exactly the same rate it magnifies gains. And funding is paid or received every eight hours for as long as the position stays open, a running cost that someone simply holding Strategy never encounters.

## Fees and Leverage on the MSTRUSDT Market

Aster charges **0% maker** and **0.04% taker** on USDT-margined perpetuals, so adding liquidity to the MSTRUSDT book costs nothing and taking it costs 0.04% of notional. Two savings stack on top of that: paying fees in ASTER takes another 5% off at the point of trade, and signing up with referral code **MMTz04** returns 5% of the fees you pay as a rebate Aster calculates daily and credits the next day. Leverage on Strategy is capped at 50x on the standard perp. Leverage does not change the fee rate, but it does change the notional those fees are charged against, so a 50x position pays fifty times the fee that the same collateral would pay unlevered. The full tier structure is in our [Aster fees and savings guides](https://asterpedia.com/guides/fees).

## What to Know Before Trading Strategy

Three things decide whether a Strategy position survives. Funding is the first: the eight-hourly payment runs positive or negative depending on which side is crowded, and over days rather than minutes it compounds into a real drag on a held position. Liquidation is the second: at 50x, a move of roughly 2.0% against you consumes the margin backing the trade, before fees are counted. Liquidity is the third: depth on MSTRUSDT varies by hour, and a market order sized past the visible book fills at progressively worse prices, which is the situation limit orders and hidden orders exist to handle. Set the stop before you open the position rather than after, and treat the leverage slider as a risk control rather than a way to buy more.

Key Takeaway

MSTR perps on Aster are 24/7, USDT-margined with up to 50x leverage and 8-hour funding. With referral code **MMTz04**, Aster returns **5% of the fees you pay** as a rebate, and its hidden-order mode lets you place larger MSTR orders without broadcasting size to the book.

## How to Trade Strategy on Aster in 4 Steps

- 1**Connect a wallet:** open [asterdex.com](https://www.asterdex.com/en/referral/MMTz04) and connect MetaMask, Rabby, or another Web3 wallet. No identity verification is currently requested.
- 2**Deposit USDT:** fund your account with USDT to use as margin collateral.
- 3**Open the MSTRUSDT market:** select Strategy, choose your leverage (up to 50x), and set your margin mode.
- 4**Place your order:** market or limit, with optional hidden-order mode for size. Manage risk with stop-loss and take-profit.

[Start trading MSTR with code MMTz04 →](https://www.asterdex.com/en/referral/MMTz04)

## Strategy Perpetual — Contract Specs

Market | MSTRUSDT (Perpetual) |
Margin asset | USDT |
Max leverage | Up to 50x (standard perp) |
Funding interval | Every 8 hours ([history](https://asterpedia.com/markets/funding-rate-history)) |
Trading hours | 24/7 |
Settlement | Cash-settled in USDT |
Referral rebate | 5% of fees returned with code MMTz04 |
Hidden orders | Supported |

## Frequently Asked Questions

### What is the maximum leverage for Strategy on Aster?

Aster offers up to 50x leverage on the standard MSTRUSDT perpetual. Higher leverage increases both potential returns and liquidation risk, so size positions carefully.

### How is Strategy funding calculated on Aster?

The MSTR perpetual settles funding every 8 hours, the interval Aster's public fundingInfo endpoint reports for this market. The funding rate keeps the perpetual price aligned with the underlying index, and is paid between longs and shorts. Thirty and ninety days of realised settlements for MSTR are on the Aster funding rate history page.

### Can I trade Strategy 24/7 on Aster?

Yes. Unlike the traditional market, Aster carries Strategy as a 24/7 perpetual, so you can go long or short at any time, including nights and weekends when the underlying market is closed. The instrument is issued by a third party and priced from a third-party oracle feed rather than by Aster.

### Does Aster ask for identity verification to trade Strategy?

Not at present. Aster is a self-custody DEX: you connect a Web3 wallet and trade from it, and no identity verification is currently requested. That describes how the product works today rather than whether it is available or lawful where you live, which is worth checking for yourself. Signing up with referral code MMTz04 returns 5% of the fees you pay as a rebate credited by Aster.

5% BACK

Trade MSTR with referral code MMTz04 and Aster returns 5% of your fees as a rebate.

[Trade on Aster](https://www.asterdex.com/en/referral/MMTz04)

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### Related Guides

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### Guide Sections

[Aster Fee GuidesRate card, ASTER discount, referral rebate](https://asterpedia.com/guides/fees)[Trading FeaturesOrder types, margin, stock & commodity perps](https://asterpedia.com/guides/trading)[Wallet, Deposit, First TradeConnect a wallet, deposit, open a position](https://asterpedia.com/guides/getting-started)[Bridge & Connection IssuesMissing deposits, bridge delays, connect errors](https://asterpedia.com/troubleshooting)

## Ready to trade Strategy on Aster?

Sign up with referral code **MMTz04** and Aster returns 5% of the fees you pay as a rebate. Up to 50x leverage, with no identity verification currently requested.

[Trade MSTR on Aster →](https://www.asterdex.com/en/referral/MMTz04)