TAO Funding Rate — live across 23 venues
Perpetual funding · compared across 23 venues · net of estimated fees · updated every few minutesLive annualized TAO perpetual funding across all 23 venues Perpia tracks. Right now TAO funding is positive on 21 and negative on 1, ranging from +11.4% on Extended to -5.3% on Risex — a spread of 16.7%. The widest delta-neutral trade is long Risex / short Extended at 14.5% net APR.
TAO funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 23 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 23 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Extended↗short | +11.4% | every 1h | |
| MEXC↗ | +10.9% | every 4h | |
| Nado↗ | +10.9% | every 24h | |
| Arcus↗ | +10.9% | every 1h | |
| OKX↗ | +10.9% | every 8h | |
| Binance↗ | +10.9% | every 4h | |
| BingX↗ | +10.9% | every 4h | |
| Bybit↗ | +10.9% | every 4h | |
| BackPack↗ | +10.9% | every 1h | |
| Aster↗ | +10.9% | every 4h | |
| Vest↗ | +10.9% | every 1h | |
| Bitget↗ | +10.9% | every 4h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| KuCoin↗ | +10.9% | every 4h | |
| Pacifica↗ | +10.9% | every 1h | |
| HTX↗ | +10.9% | every 4h | |
| Paradex↗ | +10.8% | every 8h | |
| Lighter↗ | +10.5% | every 8h | |
| Gate.io↗ | +4.2% | every 4h | |
| Variational↗ | +3.3% | every 4h | |
| GMTrade↗ | +0.3% | every 1h | |
| dYdX↗ | +0.0% | every 1h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Risex↗long | −5.3% | every 1h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Risex vs Extended page. 89 pairs scanned for TAO.
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TAO — FAQ
Is TAO funding positive right now?
TAO perpetual funding is positive on 21 of 23 venues Perpia tracks and negative on 1. The highest is +11.4% on Extended; the lowest is -5.3% on Risex.
What is the best TAO funding arbitrage right now?
Go long Risex and short Extended for about 14.5% net APR after fees — the widest delta-neutral TAO spread Perpia currently sees.
Which exchange has the highest TAO funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How TAO funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to TAO
also quoted on both Extended and RisexThe same two exchanges you would already have funded for the TAO trade. Every spread between them is on the Extended vs Risex page.