TSM perps: where to trade TSMC perpetual futures
11 tracked venues list TSM perps.
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The cheapest place to trade TSM perps right now is trade.xyz (xyz:TSM): 5.18 bps all-in for a $10,000 market buy at the standard taker fee, measured 12:06 UTC on 2026-10-03.
The next two venues are Binance 7.61 bps and Bitget 8.54 bps. 9 of 11 TSM markets gave a measured cost.
Promo rate for eligible accounts: MEXC (TSMSTOCK_USDT) shows 3.70 bps at a 0.000% taker fee that only some accounts get (MEXC: stock futures listing notice, checked 2026-09-25). MEXC does not state the TSM fee for other accounts, so this cost is not ranked.
TSM perps list on 11 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 4 other decentralized venues. Ostium (TSM/USD) fills at an oracle price, with no public TSM book to measure.
Maximum TSM leverage runs from 10x on Extended (TSM-USD) to 100x on Gate (TSM_USDT).
Measured TSM cost for a $10,000 buy
- trade.xyz5.18
- Binance7.61
- Bitget8.54
- Extended8.69
- Bybit9.35
- OKX13.44
- Lighter16.84
- Gate21.67
- Aster165.91
TSM funding and open interest
Funding now runs from 0.0% a year on Aster to 5.5% on trade.xyz, across 10 TSM markets. A positive rate means that longs pay shorts.
10 TSM markets report open interest, $30.5 million in total. Binance holds 41% of it ($12.3 million).
Where to trade TSMC perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz | xyz:TSM | 10x | +0.0006% / 1 h | +5.5% | +4.7% | $7.1M | 4.28 | 0.0090% (API, live) | 5.18 | — |
| Binance | TSMUSDT | 20x | 0.0000% / 8 h | 0.0% | +2.4% | $12.3M | 3.61 | 0.040% (docs, promotion for all accounts) | 7.61 | — |
| Bitget | TSMUSDT | 20x | 0.0000% / 8 h | 0.0% | +3.8% | $3.1M | 2.54 | 0.060% (API) | 8.54 | — |
| Extended | TSM-USD | 10x | 0.0000% / 1 h | 0.0% | — | $8,836 | 7.69 | 0.010% (docs) | 8.69 | — |
| Bybit | TSMUSDT | 50x | 0.0000% / 8 h | 0.0% | −0.7% | $2.2M | 6.60 | 0.028% (docs, promotion for all accounts) | 9.35 | — |
| OKX | TSM-USDT-SWAP | 20x | 0.0000% / 8 h | 0.0% | +1.0% | $3.6M | 8.44 | 0.050% (docs) | 13.44 | — |
| Lighter | TSM | 10x | +0.0004% / 1 h | +3.5% | — | $181K | 16.84 | 0.000% (API) | 16.84 | — |
| Gate | TSM_USDT | 100x | 0.0000% / 8 h | 0.0% | 0.0% | $1.1M | 14.17 | 0.075% (API) | 21.67 | — |
| Aster | TSMUSDT | 20x | 0.0000% / 8 h | 0.0% | +1.4% | $89K | 164.66 | 0.013% (docs) | 165.91 | — |
| MEXC | TSMSTOCK_USDT | 50x | 0.0000% / 8 h | 0.0% | +2.4% | $756K | 3.70 | Not stated for all accounts | — | 0.000% = 3.70 bps (eligible accounts, source, 2026-09-25) |
| Ostium | TSM/USD | — | — | — | — | — | No TSM book | Oracle model | — | — |
Method: a $10,000 TSM market buy fills against each public TSM book.
The TSM book cost is that fill price against the mid, in bps. The TSM all-in cost adds the standard taker fee that every new account gets.
A TSM promo rate that only eligible accounts get is shown in its own column and is never ranked.
A TSM book price does not prove that the venue accepts TSM orders at that time, so check the TSM hours table.
Annual TSM funding is the rate per hour times 8,760, with no compounding. The TSM markets come from venue APIs read on 2026-09-25.
TSM trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | TSMUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Binance | TSMUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | TSMUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | TSMUSDT | 24/7 | Index with Pyth |
| Extended | TSM-USD | Per market in API | Stork, Blue Ocean ATS |
| Gate | TSM_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | TSM | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | TSMSTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | TSM-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | TSM/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| trade.xyz | xyz:TSM | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for TSM. Compare all tickers on the stock perps hub. Read how trade.xyz lists TSM on Hyperliquid.
Where to Trade TSMC (TSM) Perpetual Futures
Fees and leverage limits apply venue-wide; check TSM terms with the venue.
TSMC (TSM) market overview
Taiwan Semiconductor Manufacturing Company is the world's most advanced chip foundry, producing the majority of the world's most sophisticated semiconductors for clients including Apple, NVIDIA, and AMD.
TSM stock perps are critical for traders expressing views on AI chip demand, semiconductor supply chains, and the geopolitical risk premium embedded in Taiwan's critical role in global technology.
Frequently Asked Questions — TSMC (TSM)
What open interest data is available for TSM?
2 venues report positive TSM open interest in this read.
The TSM total leaves out venues outside the read.
How does a TSMC perpetual futures contract differ from the underlying asset?
A TSMC perpetual tracks the TSMC price, with no expiry date and no ownership of TSMC.
Check each venue for TSMC trading hours and the price source.
Category: Stock