Live data
Bittensor (TAO) perpetual futures
Live funding rates, open interest, and measured trade costs for Bittensor. 8 venues in the PerpFinder venue map list TAO perps.
At a glance
This TAO funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists TAO.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 2 venues that report open interest.
Hyperliquid and dYdX report $52.0m of open interest across the venues in this snapshot that publish it.
The TAO price in this snapshot comes from Hyperliquid at $253.30.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. TAO is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Bittensor (TAO) Perpetual Futures
7 of the 8 venues that list TAO perps have a PerpFinder review page. The table compares fees, leverage, and features for those 7.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | TAO → | |
| 0.010% | 0.050% | 50x | 9.0 | TAO → | |
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | TAO → | ||
| 0.010% | 0.020% | 100x | 7.8 | TAO → | |
| Free | 0.030% | 50x | 7.8 | TAO → | |
| -0.010% | 0.017% | 1000x | 7.8 | TAO → | |
| 0.050% | 0.080% | 20x | 7.5 | TAO → | |
Market Overview
Bittensor is a decentralized machine learning network where miners compete to produce the best AI models and are rewarded with TAO tokens. TAO perpetual futures have become one of the most actively traded AI-sector derivatives, with high volatility driven by subnet registration activity and AI narrative cycles. TAO perps offer leveraged exposure to the decentralized AI compute thesis.
Bittensor's TAO rewards machine-learning subnets for useful work, with a fixed-supply emission schedule that the market treats as its defining feature. TAO perps are notable for how strongly they track the AI-sector narrative as a bloc — funding tends to move with the basket, amplified.
Trading Tips for Bittensor Perps
TAO is the highest-beta AI token in crypto — it can move 15-25% on AI narrative days. Trade TAO perps with reduced position sizes and tight stops, as the low circulating supply relative to market cap creates amplified price swings.
Frequently Asked Questions — Bittensor (TAO)
What is the current TAO perpetual futures funding rate?
The live Bittensor (TAO) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists TAO perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest TAO perp trading fees?
Among 6 tracked TAO venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does Bittensor open interest compare across exchanges?
The Bittensor (TAO) open-interest chart shows the total value of outstanding TAO derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the TAO long/short ratio indicate?
The Bittensor long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade TAO perpetual futures?
Bittensor (TAO) perps are listed on 7 exchanges, including Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network, plus 2 more. The "Where to Trade Bittensor (TAO) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: AI · Data updates every 2 minutes · All rates shown are annualized