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Strategy (MSTR) live: funding rate, open interest, liquidations & volume spikes

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See MSTR stock perpetuals for the dedicated funding, open interest and market overview.

PriceHyperliquid perp
119.67
Price observed 1m ago
1h -0.29% 24h -0.50%
24h volumespot + perp
$54.13M
Perp $54.13MSpot —
Volume spikes 24h
65
Net spike flow-$3.21M

Since yesterday

OI 24h -7.43% OI screener Funding 24h 0.0119% vs 0.0159% funding changes Long accounts 24h 71.3%, +3.1 pts L/S ratios Liquidations 24h $581 vs $59K, 0.0× 24h liquidations

OI 24h: now vs 24h ago. Funding 24h: mean 8h-equivalent rate, last 24h vs the 24h before, hourly recorded history. Long accounts 24h: latest vs 24h earlier, hourly recorded history. Liquidations 24h: last 24h vs the 24h before, hourly recorded history. Recorded, refreshed every 15 minutes.

Live market summary

MSTR trades on 2 exchanges tracked by Swolecharts (Bybit and Hyperliquid) across 2 perpetual futures markets (no spot market). The last price is 119.67 USD on Hyperliquid (-0.29% in the last hour), and 24h volume is $54.13M. Perpetual open interest totals $31.41M. The OI-weighted funding rate is -0.0028% per 8h (≈-3% APR), so shorts pay longs. $581 of MSTR positions were liquidated on Bybit in the last 24 hours, 100% longs and 0% shorts. The scanner flagged 65 volume spikes on MSTR in the last 24 hours.

History since Apr 2026 · Snapshot as of 01:05 UTC

MSTR open interest, funding, liquidations and long/short history

· From recorded history, hourly

MSTR open interest is $31.41M, down 9.6% over the past 7 days, and down 7.7% in the last 24 hours. MSTR recorded funding quotes have averaged 0.0031% per 8 hours over the past 7 days (≈3% APR, annualized quote). Recorded hourly quote readings were 84% positive, 16% negative and 0% zero. $314K of MSTR positions were liquidated over the past 7 days: $312K longs (99.5%) and $1,669 shorts. The biggest hour was 14:00 UTC on 5 Nov, with $65K. 71.6% of MSTR trader accounts on Binance and Bybit are net long, up 1.3 points over the past 7 days (from 70.3%).

MSTR price

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Chart: TradingView Lightweight Charts™

MSTR open interest

All perps, USD

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Chart: TradingView Lightweight Charts™

MSTR funding rate

OI-weighted, 8h

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Chart: TradingView Lightweight Charts™

MSTR liquidations

Longs up, shorts down

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Chart: TradingView Lightweight Charts™

MSTR long/short ratio

Share long · Binance and Bybit history from 2020

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Chart: TradingView Lightweight Charts™

MSTR CVD and taker flow

Spot vs perp, from range start · bars: net taker buys

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Chart: TradingView Lightweight Charts™

MSTR markets: funding rate & open interest by exchange

Funding as 8h equivalent (hover for APR) · OI changes need history
MarketPricePrice 1hPrice 24h24h volumeFunding 8hOpen interest, USDOI 1hOI 4hOI 24hTrade
Hyperliquidperpxyz:MSTR119.67-0.29%-0.50%$22.40M-0.0075%$19.50M-0.25%+0.04%+0.68%Trade
BybitperpMSTRUSDT119.79-0.22%-0.59%$31.74M0.0048%$11.92M-0.88%-4.20%-18.22%Trade

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MSTR long/short ratio High · 26d, 79th percentile of the last 26 days

All coins' long/short ratios →
Binance accounts
No Binance USDⓈ-M perp for MSTR
Binance top trader accounts
No Binance USDⓈ-M perp for MSTR
Binance top trader positions
No Binance USDⓈ-M perp for MSTR
Bybit accounts
72.2% longRatio 2.60
Short 27.8%1h 0.04h +0.824h +4.7
Bybit accounts50% = even

Share of longs; changes in percentage points (pp). Accounts = share of accounts with a net long position; top trader accounts = the same for the exchange's top traders (Binance: top 20% by margin); top trader positions = share of their combined position that is long; top traders vs accounts = top trader positions long minus accounts long, in pp (negative: the big traders are less long than the crowd); taker buys = share of the last 5 minutes' taker volume that bought. New points every 5 minutes; 24h history backfilled from the exchanges. Gate, Bitget and HTX are tracked for the top 50 coins.

Spikes listed below12
Buy-side5
Mixed2
Sell-side5
TimeVenueTypeSide$ in 1m× normalBuy %+5m+15m+1h
60m agoHL perpVOLSELL$143K6.9×36%-0.44%-0.38%-0.94%
86m agoHL perpVOLBUY$817K28.7×84%+0.09%+0.28%+0.45%
87m agoHL perpTRADEBUY$665K—————
2h agoBYB perpVOLBUY$96K6.7×97%+0.39%+0.80%+1.39%
2h agoHL perpVOLBUY$200K5.8×100%-0.20%+0.89%+1.28%
2h agoBYB perpVOLMIXED$100K8.0×54%-0.27%+0.17%+1.30%
2h agoHL perpVOLMIXED$702K14.6×54%-0.04%-0.94%+0.59%
2h agoHL perpTRADESELL$308K—————
3h agoHL perpVOLSELL$179K9.2×11%-0.83%-0.63%-1.76%
3h agoHL perpVOLSELL$87K4.4×14%-0.47%-1.17%-2.59%
3h agoBYB perpVOLBUY$100K8.6×93%-0.27%-1.19%-2.39%
3h agoHL perpVOLSELL$574K43.1×32%+0.02%-1.26%-2.69%
3h agoHL perpVOLBUY$157K15.4×60%+0.39%-1.08%-2.63%
3h agoBYB perpVOLSELL$79K7.9×6%+0.07%+0.24%-1.96%

Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.

MSTR liquidations: long vs short

All liquidations →
WindowLongsShortsLong / shortCount
1h$0$0
0
4h$411$0
2
24h$581$0
3
Longs liquidatedShorts liquidated

Biggest MSTR liquidations, 24h

  1. BYBLONG$334@ 117.172h ago
  2. BYBLONG$170@ 121.3215h ago
  3. BYBLONG$78@ 117.522h ago

Latest

  1. No recent MSTR liquidations.

From the public liquidation feeds of Bybit. Hyperliquid does not publish liquidations, so MSTR perps there are not counted. A long liquidation is a forced sell; a short liquidation is a forced buy.

About the MSTR numbers

MSTR funding rate

Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive MSTR funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.

MSTR open interest

Open interest is the USD value of all open MSTR perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.

MSTR liquidations

A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.

MSTR long/short ratio

The share of traders long versus short on MSTR perpetuals. Accounts figures count each account once (the share with a net long position on Binance, or holding a long on Bybit); the Binance top traders figure is the share of the combined position of the top 20% of Binance traders by margin that is long. A ratio above 1 means more longs than shorts. Retail account ratios lean long most of the time, so changes and divergences say more than the level. See the MSTR long/short ratio page.

MSTR volume spikes

A spike is a minute where one MSTR market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.