MSTR (xyz) on Hyperliquid
MSTR (xyz) on Hyperliquid — price $145.540 (+0.92% 24h), funding -0.0034%/1h, open interest $44.1M, 24h volume $4.6M. Annualized funding -29.6%. Source: Hyperliquid official · as of 2026-09-07 02:31 UTC
Open/closed is computed server-side and the page is cached for up to an hour, so the status can lag — read the times above.
- Max leverage
- 10×
- Open interest cap
- Capped — value not published
- Oracle basis (underlying)
- MSTR / USD
- Margin mode
- Normal Isolated
- Discovery bound
- ±10%
- Funding rate multiplier
- 0.5
- External pricing session
- 24/5, from Sunday 8:00 PM ET to Friday 8:00 PM ET
- Internal pricing session
- Friday 8:00 PM to Sunday 8:00 PM ET, and follows equities holidays & trading hours.
Source: trade[XYZ] operator documentation (Specification Index, Holiday Closures, Roll Schedules), synced weekly. · 2026-09-06
The MSTR (xyz) perpetual trades 24/7 on Hyperliquid, including while NYSE / Nasdaq is closed. While the underlying market is shut the oracle stops using external quotes and advances an internal price anchored to the last external print, snapping back to the external reference once quotes resume. The Stocks hub explains how that works for this asset class.
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/xyz-mstr-perp/history?format=csv&from=2026-06-14&to=2026-09-07&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
xyz:MSTR provides synthetic, leveraged price exposure to Strategy (formerly MicroStrategy) through a perpetual futures market on Hyperliquid's HIP-3 builder-dex framework. It tracks the company's stock price via an oracle feed configured by xyz, an independent, permissionless builder-dex — this market is not issued or operated by Hyperliquid's core protocol, and it does not represent ownership of Strategy shares. As with other HIP-3 markets, xyz controls the oracle source, funding rate, and margin requirements, so this market carries builder-specific risk in addition to standard perpetual futures risk, including the liquidity depth available specifically for xyz:MSTR. Max leverage is 10x, amplifying both potential gains and losses. Strategy's stock has historically shown high volatility, so careful position sizing and understanding of liquidation thresholds are especially important here.
Is xyz:MSTR the same as owning Strategy stock?
No. It's a synthetic derivative tracking Strategy's stock price through an oracle set by xyz — you hold a leveraged position on xyz, not actual shares, dividends, or voting rights.
Why might xyz:MSTR be more volatile than other HIP-3 stock markets?
Strategy's underlying stock has historically shown larger price swings than many large-cap names, and that volatility passes through directly to this synthetic market — on top of the usual builder-dex risks like oracle accuracy and liquidity depth.
What does 10x leverage mean given that volatility?
At 10x leverage, roughly a 10% adverse move can liquidate a full position. Given Strategy's history of sharp moves, many traders choose to use less than the maximum leverage available.
What is the MSTR (xyz) funding rate on Hyperliquid?
As of the latest snapshot, MSTR (xyz) funding is -0.0034%/1h (≈ -29.6% annualized). Hyperliquid settles funding every hour. As of 2026-09-07 02:31 UTC.
What are MSTR (xyz)'s 24h volume and open interest?
MSTR (xyz) currently has $4.6M in 24h volume and $44.1M in open interest. As of 2026-09-07 02:31 UTC.
What is MSTR (xyz)'s all-time high on Hyperliquid?
MSTR (xyz)'s all-time high is $198.320 on 2025-12-09; the all-time low is $79.951 on 2026-06-29. The 52-week range is $79.951–$198.320. As of 2026-09-07 02:31 UTC.