TAO funding rates and arbitrage

TAO perpetuals trade on 21 contracts across 19 venues, forming 208 cross-venue arbitrage pairs. By net APR the current best pair is long Deribit against short Coinbase, netting +694.56%, though note the legs settle on different cadences (8h / 1h)ใ€‚

TAO perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BinanceTAOUSDTUSDT4h0.0050%+10.95%+6.26%$120.3M266.330
MEXCTAO_USDTUSDT4h0.0050%+10.95%+6.22%$64.8M266.410
BybitTAOUSDTUSDT4h0.0050%+10.95%+9.88%$29.5M266.380
OKXTAO-USDT-SWAPUSDT8h0.0100%+10.95%+7.88%$22.7M266.300
WhiteBITTAO_PERPUSDT4h0.0050%+10.95%+10.95%$20.6M266.320
BingXTAO-USDTUSDT4h0.0050%+10.95%+10.55%$18.2M266.410
KuCoinTAOUSDTMUSDT4h0.0050%+10.95%+10.95%$16.9M266.390
GateTAO_USDTUSDT4h0.0050%+10.95%+3.59%$12.0M266.400
HyperliquidTAOUSDC1h0.0013%+10.95%+8.76%$9.2M266.370
BitgetTAOUSDTUSDT4h0.0050%+10.95%+4.64%$6.0M266.280
KrakenPF_TAOUSDUSD1h0.0053%+46.71%+17.81%$3.9M266.417
LBankTAOUSDTUSDT4h0.0050%+10.95%+6.18%$2.7M266.430
AsterTAOUSDTUSDT4h0.0050%+10.95%+10.95%$2.6M266.500
DeribitTAO_USDC-PERPETUALUSDC8h-0.0023%-2.52%-0.81%$1.1M266.250
MEXCTAO_USDCUSDC4h0.0050%+10.95%+6.22%$739K266.100
LighterTAOUSDC1h0.0012%+10.51%+6.84%$295K266.380
HTXTAO-USDTUSDT4h0.0050%+10.95%+10.95%$100K267.055
BybitTAOPERPUSDC4h0.0050%+10.95%+10.95%$26K266.250
Crypto.comTAOUSD-PERPUSD4h0.0086%+18.77%+9.03%$7K266.280
BitfinextTAOF0:USTF0USDT8h0.0000%0.00%0.00%$6K266.515
CoinbaseTAO-PERPUSDC1h0.0790%+692.04%+692.04%$0311.240

TAO cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Deribit USDCCoinbase USDC+694.56%1.9029%+692.85%8h / 1h$0
Bitfinex USDTCoinbase USDC+692.04%1.8960%+692.04%8h / 1h$0
Lighter USDCCoinbase USDC+681.53%1.8672%+685.20%1h matched$0
Aster USDTCoinbase USDC+681.09%1.8660%+681.09%4h / 1h$0
Binance USDTCoinbase USDC+681.09%1.8660%+685.78%4h / 1h$0
BingX USDTCoinbase USDC+681.09%1.8660%+681.49%4h / 1h$0
Bitget USDTCoinbase USDC+681.09%1.8660%+687.40%4h / 1h$0
Bybit USDCCoinbase USDC+681.09%1.8660%+681.09%4h / 1h$0
Bybit USDTCoinbase USDC+681.09%1.8660%+682.16%4h / 1h$0
Gate USDTCoinbase USDC+681.09%1.8660%+688.45%4h / 1h$0
HTX USDTCoinbase USDC+681.09%1.8660%+681.09%4h / 1h$0
Hyperliquid USDCCoinbase USDC+681.09%1.8660%+683.28%1h matched$0

Bittensor project profile

Key facts
Total
21.00M
Max supply
21.00M
Type
Coin
Market cap rank
#34
Artificial Intelligence (AI)Smart Contract PlatformLayer 1 (L1)DePINBittensor EcosystemPolychain Capital Portfolio
About

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs. Ultimately, BitTensors vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context. Bittensor enables: -A novel, optimized strategy for the development and distribution of artificial intelligence technology by leveraging the possibilities of a distributed ledger. Specifically, its facilitation of open access/ownership, decentralized governance, and the ability to harness globally-distributed resources of computing power and innovation within an incentivized framework. -An open-source repository of machine intelligence, accessible to anyone, anywhere, thus creating the conditions for open and permission-less innovation on a global internet scale. -Distribution of rewards and

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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