Quantority
TSM TSM · perps
Price · 1h
TSM across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Bitget | +0.00% | $5.99M | 63% |
O OKX | +11.76% | $3.48M | 37% |
Funding annualized per venue interval; open interest is the latest reading per exchange. No fresh per-venue reading from Binance, Bybit right now — the cross-exchange totals above still include every venue's last data.
Interpretation
TSM's derivatives market shows minimal tension and a modest positioning buildup. The aggregated funding rate stands at 0.00%, placing it at the 37th percentile of its 90-day range—well below historical extremes and indicating no structural crowding in either direction. With open interest at $9.4M, the market remains modest in absolute size, though it has grown +1.5% over 24 hours and +11.7% over seven days, suggesting a gradual accumulation of leverage rather than a sharp repositioning.
The liquidation imbalance of -1.00 over 24 hours points to exclusive short liquidations, implying that any recent price movement has favored long positions and closed out underwater short bets. However, this occurs within a low-stress environment: the leverage risk score of 6 is substantially elevated, indicating minimal fragility in the current positioning structure. Together, these metrics suggest TSM's derivatives market is in a relatively benign state—neither heavily crowded nor at risk of cascading liquidations, with a modest but steady increase in leveraged exposure.