Funding Rates › Funding rate heatmap › TAO funding rate
Bittensor (TAO) Funding Rate
Bittensor funding is narrative-driven, reflecting enthusiasm for decentralised AI networks.
Live cross-venue comparison — 2026-10-20T09:50:55.415Z UTC · 9 venues
As of 2026-10-20 09:50 UTC, TAO funding ranged from 0.0000% to 0.0100% per 8h across 8 venues (median 0.0100%).
Positive = longs pay shorts (red). Negative = shorts pay longs (green).
Bittensor (TAO) funding summary
Bittensor (TAO) is listed on 9 venues in the latest snapshot (2026-10-20T09:50:55.415Z UTC). 7 of 8 venues positive (longs pay), 0 negative (shorts pay), 1 at zero.
- Venues listing
- 98 used in statistics
- Median 8h rate
- 0.0100%10.9500% APR
- Highest 8h rate
- 0.0100%Hyperliquid · 10.9500% APR
- Lowest 8h rate
- 0.0000%dYdX · 0.0000% APR
- Max spread (8h)
- 0.0100%10.9500% APR-equivalent
- Positive / negative
- 7 / 01 at zero
Statistics use one value per venue (the median if a venue lists several contracts), skip closed markets, GMX (pool-skew funding with a separate borrowing fee) and LeverUp markets routed to Hyperliquid (they would double count Hyperliquid). Every row is still shown in the table below.
Bittensor (TAO) funding rates by venue
Every TAO market in the latest snapshot, highest 8h rate first. Rate per interval is the amount paid at each settlement; 1h, 8h and APR are normalised so venues with different intervals compare directly. See the Hyperliquid funding rates page for core and HIP-3 markets.
| Venue | Venue symbol | Rate / interval | 1h | 8h | APR | Interval | Next funding | Mark price | Market open |
|---|---|---|---|---|---|---|---|---|---|
| GMX | TAO/USD [WBTC.b-USDC] | 0.0013% | 0.0013% | 0.0103% | 11.2653% | 1h | — | — | open |
| Hyperliquid | TAO | 0.0013% | 0.0013% | 0.0100% | 10.9500% | 1h | in 5m | $262.05 | open |
| Bybit | TAO | 0.0050% | 0.0013% | 0.0100% | 10.9500% | 4h | in 2h | — | open |
| OKX | TAO-USDT-SWAP | 0.0100% | 0.0013% | 0.0100% | 10.9500% | 8h | in 14h | — | open |
| Aster | TAOUSDT | 0.0050% | 0.0013% | 0.0100% | 10.9500% | 4h | in 2h | — | open |
| edgeX | TAOUSDC | 0.0050% | 0.0013% | 0.0100% | 10.9500% | 4h | — | — | open |
| Binance | TAO | 0.0046% | 0.0011% | 0.0092% | 10.0565% | 4h | in 2h | — | open |
| Lighter | TAO | 0.0001% | 0.0001% | 0.0008% | 0.8760% | 1h | — | — | open |
| dYdX | TAO-USD | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 1h | in 5m | $261.84 | open |
What does Bittensor (TAO) funding cost?
Worked example for a $10,000 long held for 1 day and 7 days, using each rate from the table above as if it stayed constant (it will not). Funding is charged on notional, not margin.
| Scenario | 8h rate | 1 day | 7 days |
|---|---|---|---|
| Median (8 venues) | 0.0100% | $3.00 paid | $21.00 paid |
| Highest: Hyperliquid | 0.0100% | $3.00 paid | $21.00 paid |
| Lowest: dYdX | 0.0000% | $0.00 | $0.00 |
Cross-venue spread idea
In principle a trader could go long where funding is lowest (dYdX) and short where it is highest (Hyperliquid) and collect the difference. At the current rates, $10,000 on each side would be a net $3.00 received per day before costs.
Caveat: this is an illustration, not advice. Real results depend on trading fees, price basis between the two contracts, different settlement intervals (a rate can change before you are paid), margin on both venues, liquidation risk on either leg, and funding changing sign. The funding rate arbitrage scanner ranks these gaps across every asset and explains the risks.
Try your own size and hold time in the funding rate calculator with TAO preselected. To estimate liquidation price and margin for the same position, use the Crypto Leverage Calculator.
Bittensor (TAO) funding history
Rolling hourly summary of the cross-venue 8h rate (median across venues, plus the lowest and highest venue reading in each sample). History is still building (3 hourly samples since 2026-10-20 07:00 UTC), so the 24h and 7d rows cover less than their full window.
| Window | Samples | Avg median 8h | Lowest venue 8h | Highest venue 8h | Avg median APR |
|---|---|---|---|---|---|
| Last 24h | 3 | 0.0098% | -0.0032% | 0.0100% | 10.7069% |
| Last 7d | 3 | 0.0098% | -0.0032% | 0.0100% | 10.7069% |
What drives Bittensor (TAO) funding rates
TAO is the token of Bittensor, a network that rewards contributors who supply machine-learning models and services through specialised subnets. It is one of the primary ways crypto traders express views on decentralised AI, and its perp funding reflects that narrative: when AI tokens are in favour, leveraged longs concentrate in TAO and funding can stay high for extended periods, while sentiment shifts can quickly turn it negative.
TAO's price is relatively high per token and its float is limited, so positioning can have an outsized effect on funding. Subnet launches and rankings, network emissions and the supply schedule, and AI-sector headlines from outside crypto are the typical catalysts. Positioning ahead of supply events (such as reductions in new issuance) is common.
Compared with the largest coins, the market has fewer hedgers and smaller books, so cross-venue gaps tend to be wider. The summary section computes the highest, lowest and median across venues. A wide gap does not mean a free trade: fees, interval differences and execution risk can offset it.
Because the token is volatile, use funding as one input among several. Costs on a leveraged position add up quickly if the rate remains elevated, as shown in the worked example.
Where TAO is listed
TAO is listed on most centralised exchanges and a majority of on-chain perp venues. Coverage is a little lower than for the largest assets, so the venue count is worth checking.
What to watch
What to watch: AI-sector headlines, subnet and emission news, and the number of venues in the table. With fewer hedgers and smaller books, the median is more informative than any single venue.
Bittensor (TAO) funding rate FAQ
What is the current TAO funding rate?
At 2026-10-20T09:50:55.415Z UTC the median TAO funding rate across 8 venues is 0.0100% per 8 hours (10.9500% APR), ranging from 0.0000% on dYdX to 0.0100% on Hyperliquid. Positive means longs pay shorts.
Why does TAO funding spike?
Narrative-driven leverage: AI-sector enthusiasm draws crowded longs into a relatively small market.
What are the main TAO catalysts?
Subnet developments, emissions and supply changes and AI-sector headlines.
Is TAO funding reliable across venues?
Smaller books mean greater dispersion, so compare the median to the extremes rather than relying on one venue.