Toncoin (TON) perpetual futures
TON perpetual contracts on 17 reviewed venues.
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Funding rates
Annualized rates across exchanges
MEXCCEXOpen interest
Per-exchange open interest
No venue in this read reports TON open interest
What the TON data shows
MEXC is the only venue in this read with a TON funding rate: +43.80% a year.
- Source: public APIs of 1 venue for TON, read at October 3, 2026, 12:27 UTC.
Where to Trade Toncoin (TON) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm TON limits with the venue.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | TON | |
| 0.010% | 0.050% | 50x | 9.0 | TON | |
| 0.04% or 0.06% position fee | 100x | 8.5 | TON | ||
| 0.035% position fee | 1000x | 8.0 | TON | ||
| 0.010% | 0.035% | 50x | 8.0 | TON | |
| 0.020% | 0.050% | 100x | 8.0 | TON | |
| 0.010% | 0.020% | 100x | 7.8 | TON | |
| Free | 0.030% | 50x | 7.8 | TON | |
| -0.010% | 0.017% | 1000x | 7.8 | TON | |
| 0.050% | 0.080% | 20x | 7.5 | TON | |
| Free | 0.040% | 200x | 7.5 | TON | |
| 0.040% | 0.045% | 100x | 7.5 | TON | |
| Free | 0.000% | 50x | 7.5 | TON | |
| 0.01% or 0.045% position fee | 100x | 7.0 | TON | ||
| 0.045% or 0.055% position fee | 100x | 7.0 | TON | ||
| 0.04% or 0.06% position fee | 100x | 6.5 | TON | ||
| 0.020% | 0.050% | 100x | 6.5 | TON | |
Toncoin (TON) market overview
TON perps give traders exposure to The Open Network, the blockchain originally developed by Telegram and now maintained by the TON Foundation. With Telegram's built-in wallet integrations and hundreds of millions of users, TON has an adoption pathway that most layer-1 tokens lack. That distribution advantage is the primary narrative behind TON's perp market activity.
Venue structure and OI distribution
Binance, Bybit, and OKX all quote TON perps, and Hyperliquid lists the pair on-chain.
The deepest TON book sits on Binance, reflecting the asset's significant retail presence in Asia and Eastern Europe, where Telegram usage is concentrated. Coinalyze's TON open interest data shows TON OI growing substantially through 2024 as Telegram wallet integrations expanded the accessible user base.
DEX venue depth for TON is limited, partly because TON operates on its own chain with a distinct account model that limits cross-chain DeFi integration with major Ethereum and Solana DEX ecosystems.
Telegram integration and funding catalysts
TON funding spikes around two types of events: Telegram product announcements that expand the wallet's features or reach, and broader adoption milestones for TON-native applications (tap-to-earn games, payment bots). Telegram integration news reaches a very large user base at one time, which brings retail buyers into TON quickly.
CoinDesk's TON coverage tracks major developments. Regulatory news affecting Telegram directly also moves TON perp funding, given how closely the two are linked.
Key risk factors for TON perp positions
TON carries platform concentration risk unlike any other perp-tradeable asset. If Telegram changes its wallet policy, removes the TON integration, or faces regulatory action that limits the wallet's distribution, the primary adoption driver disappears. The current setup depends entirely on Telegram remaining both willing and able to distribute TON to its users.
Manage position sizes accordingly and use the funding rates tool to monitor unusual funding changes that might precede major news.
Frequently Asked Questions — Toncoin (TON)
What funding data is available for TON?
1 venue report a TON funding rate in this read.
An annualized TON rate extrapolates one reading and does not predict a return.
Which mapped venue has the lowest recorded TON taker fee?
Paradex lists 0.000% and DESK lists 0.017%, the two lowest of 12 mapped TON maker/taker schedules.
5 TON venues charge a position fee and are not compared.
Category: Layer 1