PerpEquitiesReference market
Closed- Regular hours
- 09:30 AM – 04:00 PM
- Next holiday
- Nov 26, 2026 · Thanksgiving Day
Equity
Taiwan Semiconductor Mfg. (TSM) perpetual futures
TSM perpetual futures on 25 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade TSMUSDT.
TSMC manufactures, packages, tests, and distributes integrated circuits and semiconductor components globally, serving high-performance computing, smartphones, IoT, automotive, and consumer electronics.
$458.66-0.2%NYSE closed
Price chart
–
Use the left and right arrow keys to inspect points on the chart.
Collecting venue price data...
venue perp mark · Binance (TSM/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
25/25 live markets
Trading data
Perpetual market activity
Venues
25
Live markets
25/25
24h volume
$21.3MCoverage: 23/25 marketsExchange-reported volume: $24.6M
Open interest
$70.7MCoverage: 21/25 markets
Best liquidity
$1.8M
BingX
Tightest spread
+0.2 bps
Binance
Highest volume
$8.4M
Binance
Settlement mix
USDT · 16/25
Perp/spot vol.
0.01x
Spot volume $4.1B
OI / float
0.00%
Float $2.4T
Spot performance
1D-0.16%
5D+0.84%
1M+9.26%
6M+44.14%
YTD+50.12%
1Y+63.34%
Venue matrix
25 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | TSM/USDT | Trading | $458.65 | 0.0% APR 0.000% every 8h | +0.2 bps | - | $8.4M | $12M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:TSM | Trading | $458.07 | +5.5% APR +0.00063% every 1h | +1.7 bps | $143.5K | $3M | $7.8M | USDC | 10x | |
 OKX | Trade | TSM/USDT | Trading | $458.68 | 0.0% APR 0.000% every 8h | +0.2 bps | $97.1K | $1.7M | $3.6M | USDT | 20x | |
 Bitget | Trade | TSM/USDT | Trading | $458.57 | 0.0% APR 0.000% every 8h | +0.4 bps | - | $1.6M | $2.2M | USDT | 20x | |
 Gate.io | Trade | TSM/USDT | Trading | $458.55 | 0.0% APR 0.000% every 8h | +0.4 bps | - | $723.7K | $2M | USDT | 100x | |
 Phemex | Trade | TSM / USDT | Trading | $458.74 | 0.0% APR 0.000% every 8h | +3.5 bps | $54.5K | $520.5K | $1.5M | USDT | 10x | |
 Bybit | Trade | TSM/USDT | Trading | $458.46 | 0.0% APR 0.000% every 8h | +3.1 bps | $213.5K | $417.2K | $2.2M | USDT | 50x | |
 MEXC | Trade | TSM/USDT | Trading | $458.63 | 0.0% APR 0.000% every 8h | +0.2 bps | $112.9K | $374.9K | $863.9K | USDT | 50x | |
 Extended | Trade | TSM/USD | Trading | $458.32 | 0.0% APR 0.000% every 1h | +2.8 bps | $46.3K | $348.4K | $2.7K | USD | 10x | |
 GRVT | Trade | TSM/USDT | Trading | $458.71 | 0.0% APR 0.000% every 8h | +2.4 bps | $94.3K | $290.3K | $10.1K | USDT | - | |
 Coinbase International | Trade | TSM/USDC | Trading | $457.94 | -12.3% APR -0.00140% every 1h | +13.3 bps | - | $249.2K | $339.5K | USDC | - | |
 XT.com | Trade | TSM/USDT | Trading | $458.46 | 0.0% APR 0.000% every 8h | +0.4 bps | $130.7K | $180K | $37.5M | USDT | 20x | |
 Bitunix | Trade | TSM/USDT | Trading | $458.66 | +1.1% APR +0.00101% every 8h | +3.3 bps | $621.1K | $135K | $87.1K | USDT | 50x | |
 BloFin | Trade | TSM/USDT | Trading | $458.63 | -1.1% APR -0.00104% every 8h | +0.4 bps | $680.2K | $112.6K | $45.5K | USDT | 20x | |
 Helix (Injective) | Trade | TSM/USDC | Trading | $458.15 | +3.6% APR +0.00042% every 1h | +101.8 bps | $10.1 | $49.5K | - | USDC | 12x | |
 Ondo Perps | Trade | TSM/USD | Trading | $458.07 | - | +10.3 bps | $281.9K | $25.6K | $159.3K | USDC | 10x | |
 HTX | Trade | TSM/USDT | Trading | $458.46 | - | +9.6 bps | $157.1K | $17.5K | - | USDT | - | |
 Aster | Trade | TSMUSDT | Trading | $459.19 | 0.0% APR 0.000% every 8h | +50.5 bps | $47.3K | $5.5K | $89.1K | USDT | - | |
 Crypto.com Exchange | Trade | TSM/USD | Trading | $457.29 | +15.3% APR +0.00175% every 1h | +2.2 bps | $20.9K | $4.9K | $57.4K | USD | 50x | |
 Vest | Trade | TSM/USDC | Trading | $458.49 | +5.0% APR +0.00057% every 1h | +6.8 bps | $251.4K | $852.1 | - | USDC | 25x | |
 Aevo | Trade | TSM/USDC | Trading | $458.31 | +11.4% APR +0.00130% every 1h | +15.4 bps | $209.4K | $0 | $128.3 | USDC | 10x | |
 Orderly Network | Trade | TSM/USDC | Trading | $458.47 | +11.0% APR +0.010% every 8h | - | - | $0 | $206.8 | USDC | - | |
 Deepcoin | Trade | TSM/USDT | Trading | $458.62 | - | +1.1 bps | $68.7K | $3.2M | - | USDT | 20x | |
 BingX | Trade | TSM-USDT | Trading | $458.66 | -5.5% APR -0.00500% every 8h | +1.5 bps | $1.8M | $1.7M⚠ | $4.2K | USDT | - | |
 KuCoin | Trade | TSM/USDT | Trading | $458.54 | 0.0% APR 0.000% every 8h | +11.8 bps | $7.5K | $1.7M⚠ | $277.2K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| TSMonOndo GM | $462.35 | +0.81% | $3.0M | $6.6M | Ethereum · BNB Smart Chain (BEP20) · Solana · HyperEVM |
| TSMBbStocks | $457.02 | -0.36% | $1.3M | $4.3M | BNB Smart Chain (BEP20) |
| TSMRobinhood | $458.26 | -0.23% | $415k | $1.3M | Robinhood Chain |
| TSMXxStocks | $456.83 | -0.40% | $103k | $4.0M | Ethereum · X Layer |
| wTSMxxStocks | $459.11 | +0.10% | $17k | – | X Layer |
| rTSMTokenized | $457.21 | -0.32% | $13k | $2.5M | Arbitrum |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | TSM/SPY ↗ | $458.26 | $415k | $553k |
 pancakeswapDEX · bsc | TSMB/USDT ↗ | $458.19 | $17k | $108k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 16 of 25 venues absorb $10k · Typical cost: +9.0 bps – +14.6 bps
Too thin: Aster, Crypto.com Exchange, KuCoin
No fresh book data: Helix (Injective), Binance, Bitget, Gate.io, Coinbase International, Orderly Network
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
TSMTightest spread
TSMHighest volume
TSMFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 1h ago
Company data
Company fundamentals
Market cap
$2.4T
Updated 1h ago
Revenue
$139.5B
Trailing 12 months
Revenue growth
+40%
Next fiscal year
Profit margin
+50.4%
P/E
28.9
Peer P/E 17.0
Free cash flow
$37.4B
Trailing 12 months
More metrics
Net income
$70.3B
Trailing 12 months
P/S
17.0
Peer P/E
17.0
Similar listed perps
Revenue estimate
$168.9B
Next fiscal year
Earnings
2026-10-15
Revenue est. $45.3B · Updated 1h ago
Dividend
$1.085
2026-12-10
Fundamental detail
Annual + quarterlyLatest revenue$120.6B
Net margin+45.1%
Free cash flow$34.4B
Net debt-$53.4B
PeriodRevenueGrowthNet incomeFCF
2020$42B+25%$16B$9.4B
2021$49.7B+19%$18.6B$8.2B
2022$70.9B+43%$31.1B$16.3B
2023$67.7B-5%$26.7B$9B
2024$90.7B+34%$36.3B$27.3B
2025$120.6B+33%$54.4B$34.4B
PeriodGross marginOperating marginNet marginROEROA
2020+53.1%+42.3%+38.1%+27.8%+18.5%
2021+51.6%+40.9%+37.3%+27.6%+15.9%
2022+59.6%+49.5%+43.9%+34.2%+20.0%
2023+54.4%+42.6%+39.4%+24.8%+15.4%
2024+56.1%+45.7%+40.0%+27.3%+17.3%
2025+59.9%+50.8%+45.1%+32.4%+21.9%
PeriodCashDebtNet debtCurrent ratio
2020$20.7B$11.5B-$9.2B1.73
2021$33.4B$23.6B-$9.8B2.12
2022$42.1B$27.8B-$14.2B2.08
2023$45.9B$30B-$16B2.33
2024$66.7B$32.8B-$33.9B2.36
2025$86.7B$33.4B-$53.4B2.51
PeriodMarket capEnterprise valueP/SP/E
2020$495.3B$486.2B11.832.0
2021$540.3B$530.6B10.929.2
2022$370.7B$356.5B5.211.5
2023$518.5B$502.6B7.720.0
2024$1.1T$1T11.628.1
2025$1.5T$1.5T12.828.6
PeriodRevenueGrowthNet incomeFCF
Q3 2024$23.8B+39%$10.2B$5.8B
Q4 2024$27.2B+39%$11.3B$8.1B
Q1 2025$26.3B+42%$11.3B$9.2B
Q2 2025$29.3B+39%$12.5B$6.2B
Q3 2025$31B+30%$14.2B$4.4B
Q4 2025$33.1B+22%$16B$12.2B
Q1 2026$35.5B+35%$17.9B$11.8B
Q2 2026$39.8B+36%$22.1B$9B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+57.8%+47.5%+42.8%+8.2%+5.3%
Q4 2024+59.0%+49.0%+41.4%+8.5%+5.4%
Q1 2025+58.8%+48.5%+43.1%+7.9%+5.1%
Q2 2025+58.6%+49.6%+42.7%+8.7%+5.7%
Q3 2025+59.5%+50.6%+45.7%+9.0%+6.2%
Q4 2025+62.3%+53.9%+48.3%+9.5%+6.4%
Q1 2026+66.2%+58.0%+50.5%+9.7%+6.6%
Q2 2026+67.7%+60.3%+55.6%+11.0%+7.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$59.1B$32.1B-$27B2.57
Q4 2024$66.7B$32.8B-$33.9B2.36
Q1 2025$75.1B$33.8B-$41.3B2.39
Q2 2025$74.1B$28.7B-$45.4B2.37
Q3 2025$77.4B$32.1B-$45.3B2.69
Q4 2025$86.7B$33.4B-$53.4B2.51
Q1 2026$95.1B$34.3B-$60.8B2.49
Q2 2026$98.2B$33.5B-$64.7B2.46
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$891.4B$864.4B37.422.4
Q4 2024$1.1T$1T38.722.2
Q1 2025$894.8B$853.5B34.019.6
Q2 2025$1.1T$1T36.722.8
Q3 2025$1.4T$1.3T44.523.9
Q4 2025$1.5T$1.5T46.824.2
Q1 2026$1.8T$1.7T49.424.2
Q2 2026$2.5T$2.4T62.127.9
Refreshed 1h ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-10-15
Revenue est. $45.3B · Updated 1h ago
Dividend
$1.085
2026-12-10
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
New York Stock Exchange
After-hours reference
Bid457.15
Ask457.48
Volume8,973,418
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026534.50$168.9B+40%11
FY 2027698.60$227.3B+88%11
FY 2028876.09$284.8B+136%5
FY 20291,091.85$362.4B+200%4
Q1 2027154.98$50B+41%2
Q1 2027147.35$47.2B+34%1
Company events
62026-12-10Dividend$1.085-
2026-10-15Earnings · Before market openActual - / Estimate 4.39-
2026-09-16Dividend$1.107-
2026-07-16EarningsActual 4.31 / Estimate 3.87Beat
2026-06-11Dividend$0.939-
2026-04-15EarningsActual 3.49 / Estimate 3.31Beat
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
TSM-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Transcripts
PendingNo transcripts available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Oct 1, 2026, 12:58 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Semiconductors
- Chief executive
- Che Chia Wei
- Employees
- 65,152
- IPO date
- Oct 9, 1997
- Country
- TW
- Exchange
- New York Stock Exchange
Altman Z-scorei18.18
Piotroski scorei8/9
FMP ratingiB+
Owner earningsiNT$681.17BNT$26.27 per share
ESG risk ratingiBIndustry rank: 32 out of 122
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 3
- Price to earningsi
- 2
- Price to booki
- 1
Company press releases
Lorentz Solution Jointly Presents with NVIDIA on Automated Large-Scale Chip-Level 3D EM Extraction and Sign-off of Ultra-High-Speed Silicon Photonics and IC/3DIC Designs at 2026 TSMC OIPBusiness WireTSMC and Amkor Technology Announce Long Term Partnership to Accelerate Advanced Packaging in the United StatesBusiness WireGUC showcase VSORA's Jotunn8 AI inference processor at the TSMC Europe Technology SymposiumGlobeNewsWireNorthland Power Signs Long-Term Corporate Power Purchase Agreement for Hai Long Offshore Wind ProjectGlobeNewsWireAlchip to Showcase Advanced AI ASIC Technologies at TSMC 2026 Technology SymposiumGlobeNewsWireTSMC Debuts A13 Technology at 2026 North America Technology SymposiumBusiness Wire
Congressional disclosures
Senate
Thomas Richard CarperSale (Partial) · $1,001 - $15,000Disclosed: Jan 3, 2024Thomas R. CarperSale (Partial) · $1,001 - $15,000Disclosed: Jan 3, 2024Thomas Hawley TubervillePurchase · $1,001 - $15,000Disclosed: Apr 12, 2023Tommy TubervillePurchase · $1,001 - $15,000Disclosed: Apr 12, 2023Thomas Richard CarperSale (Partial) · $1,001 - $15,000Disclosed: Mar 1, 2023
House
Richard W. AllenPurchase · $1,001 - $15,000Disclosed: Sep 23, 2026Cleo FieldsPurchase · $1,001 - $15,000Disclosed: Jul 31, 2026Cleo FieldsPurchase · $1,001 - $15,000Disclosed: Jul 31, 2026Cleo FieldsPurchase · $1,001 - $15,000Disclosed: Jul 31, 2026Michael T. McCaulPurchase · $15,001 - $50,000Disclosed: Jul 13, 2026
Market cap history
$2.37T-4.5%Jun 26 – Sep 26
Latest: $2.37T · 2026-09-30High: $2.48T · 2026-06-30Low: $2.07T · 2026-07-27
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| SMH | 9.26% | 15.2M |
| FCNKX | 1.66% | 6.4M |
| AVEM | 6.65% | 4.2M |
| VWNAX | 2.7% | 3.7M |
| SOXX | 2.98% | 3.2M |
| FOCKX | 2.77% | 2.6M |
| FZAHX | 3.59% | 2.6M |
| FBGKX | 1.13% | 2.5M |
| VVDE | 9.85% | 2.1M |
| CGDV | 2.3% | 2M |
| FMAGX | 2.35% | 1.9M |
| CGGO | 6.89% | 1.8M |
Analyst track record
How the analysts covering TSM have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 58 | 173 |
| Analysts | 16 | 27 |
| Buy / hold / sell | 53 / 5 / 0 | 160 / 13 / 0 |
| Upgrades / downgrades / initiations | 0 / 0 / 2 | 0 / 0 / 3 |
| Price targets hit / missed | 26 / 25 (51%) | 133 / 25 (84%) |
| Avg. return after a rating (TipRanks) | +1.5% | +100.6% |
| Best / worst call | +38.8% / -30.6% | +1,448.5% / -30.6% |
After buy calls on this stock: median 21-day move +4.6% vs S&P 500 +2.8% (n = 155)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Simon ColesBarclays100% hit rate on this stock · 21 targets measuredBuytarget $650Jul 16, 2026
- Mark LiBernstein100% hit rate on this stock · 17 targets measuredBuytarget $554Sep 8, 2026
- Charles ShiNeedham100% hit rate on this stock · 11 targets measuredBuytarget $530Jul 27, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 12, 2026 | Mehdi HosseiniSusquehanna | BuyReiterated | $600 | |
| Sep 12, 2026 | Mehdi HosseiniSusquehanna | BuyReiterated | $600 | article ↗ |
| Sep 11, 2026 | Unknown AnalystStifel Nicolaus | BuyMaintained | $515 | article ↗ |
| Sep 11, 2026 | Unknown AnalystStifel Nicolaus | BuyMaintained | $515 | |
| Sep 8, 2026 | Mark LiBernstein | BuyMaintained | $554 | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Sep 25, 2026 · 58 ratings
Frequently asked questions
Where can I trade TSM perpetual futures?
Taiwan Semiconductor Mfg. (TSM) perpetual futures trade on 25 crypto venues, including Binance, Deepcoin, Hyperliquid HIP-3. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade TSM around the clock?
Yes. Unlike the underlying stock, TSM perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on TSM perpetuals?
Right now the TSM perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 25 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the TSM perp price compare to the Taiwan Semiconductor Mfg. stock?
The venue-median TSM perp mark is $458.5 versus a reference stock price of $458.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a TSM perpetual future?
A TSM perpetual is a derivative that tracks the price of Taiwan Semiconductor Mfg. with no expiry date. It lets you take long or short exposure to Taiwan Semiconductor Mfg. on crypto venues, around the clock.
What is TSMUSDT perpetual?
TSMUSDT is the symbol most crypto exchanges use for the Taiwan Semiconductor Mfg. perpetual settled in USDT (Tether). It tracks the TSM share price through an index, trades 24/7 with leverage and never expires.
Embed this asset
<a href="https://perpequities.com/stocks/tsm-perp"><img src="https://perpequities.com/badge/tsm-perp.svg" width="240" height="64" alt="TSM perpetuals · perpequities.com" loading="lazy"></a>