Daily close and perpetual volume across tracked exchanges
Most memecoins are launched on purpose. TST began as a sample token created for a BNB Chain tutorial video, then gained a following once traders spotted it and started buying. It has no roadmap, product or revenue. Perps let traders take leveraged long or short positions on this BNB Chain memecoin, and give anyone holding spot a way to hedge without selling into a thin market.
Coinperps tracks TST perps on a handful of venues, with Binance carrying most of the volume and open interest and BingX holding a smaller book. With so few markets, Binance's funding rate is the main read on positioning. TST tends to move with BNB Chain memecoin sentiment and with BNB, and attention can vanish as quickly as it appears. Watch liquidations for signs of a cascade.
TST funding rates TST open interest TST liquidations TST long/short ratio
Every tracked TST perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked TST perpetual markets · updated
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TST, also called Test, is a memecoin on BNB Chain that started as a sample token in a BNB Chain tutorial video. Traders bought it after it appeared in the video, and it went on to win exchange listings. It has no product or revenue, so its price depends on attention.
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No. TST was created as a demonstration token, and BNB Chain did not launch it as a project or attach any utility to it. Its market exists because traders adopted it as a memecoin after the tutorial circulated.
TST trades on BNB Chain, so its traders are often the same people active in other BNB Chain memecoins and in BNB itself. When sentiment on the network is strong, its memecoins tend to rally together, and they often fall together when it cools. BNB perps are a useful reference.
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Funding on TST can jump quickly because the market is small and concentrated on a few venues. A wave of buying pushes funding positive as longs pay to stay in, and when interest fades it tends to fall back or turn negative. Extreme readings usually mark a crowded trade.
TST perpetual futures are derivatives contracts that track the price of TST and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any TST.
Funding is a payment between longs and shorts. When TST perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology