Trade TSMC (TSM) Perpetuals
Go long or short on TSMC 24/7 with leverage — no shares, no market hours. Below are the live TSM perp price, funding rate and the best platforms to trade it.
Trade TSM on Perpmate →Live data from Hyperliquid, updated hourly. Funding is currently positive — longs are paying shorts to hold TSM.
Where to trade TSM perps
| Platform | Fees | Max Leverage | Trade |
|---|---|---|---|
| PerpmatePopular | Low maker/taker fees | Up to 50x | Trade → |
| Hyperliquid | Low maker/taker fees | Up to 20x (equities) | Trade → |
| Lighter | Zero fees for retail | Up to 20x | Trade → |
| Ostium | Has trading fees | Up to 200x | Trade → |
| Avantis | Low fees | Up to 50x+ | Trade → |
See all 12 platforms compared →
How TSM perpetuals work
A TSM perpetual tracks the live price of TSMC without ever expiring. Instead of buying shares through a broker during market hours, you open a leveraged position on-chain that settles in stablecoins — so you can trade TSM nights, weekends and holidays.
A small funding rate is exchanged between longs and shorts to keep the TSM perp price tethered to the real TSMCshare price. When funding is positive, longs pay shorts; when it's negative, shorts pay longs. Right now TSM funding is +13.3% APR.
TSM perps FAQ
What is a TSM perpetual?+
A TSM perpetual (or "TSM perp") is a futures contract that tracks the price of TSMC with no expiry date. You can go long or short with leverage, 24/7, without owning the actual TSMC shares. A periodic funding payment keeps the perp price anchored to the underlying TSM price.
Can I short TSM with perps?+
Yes. Perps let you short TSM as easily as going long — no share borrow, no locate fees. Open a short position on a platform like Perpmate to profit if TSMC falls.
Where is the best place to trade TSM perps?+
Perpmate is our top-rated venue for TSM perps — low maker/taker fees, up to 50x leverage and 24/7 access with no KYC. See the full platform comparison below.