TAO Funding Rate — live across 22 venues

Compared across 22 supported venues · net of estimated fees · updated every few minutes

Live annualized TAO perpetual funding across all 22 venues Perpia tracks. Right now TAO funding is positive on 22 and negative on 0, ranging from +92.8% on dYdX to +2.5% on GMTrade — a spread of 90.3%. The widest delta-neutral trade is long Vest / short dYdX at 77.8% net APR.

venues

paying positive

90.3%

funding spread

Best TAO spread now

77.8%

net APR after fees

Long Vest→Short dYdX

size depends on live venue depth — see the real cap in the scanner

TAO funding trend & liquidity

168h of history

81.9%

current gross APR

0.9%

24h average

4.0%

7-day average

$29K

pair OI · lower leg

$9K

24h volume · lower leg

Averages 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.

TAO funding rate history

30d · 6h buckets · 12 venues

207%0-42.9%

6 Aug5 Sep

TAO — average across 12 venuesAsterBackPackExtendedHyperliquid

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +14.4%. A break in a line means no data was recorded for that stretch, not a zero rate.

TAO funding rate by venue

39 pairs scanned

Venue	Funding APR	Interval
dYdX ↗	+92.8%	1h
Risex ↗	+21.6%	1h
Extended ↗	+11.4%	1h
Paradex ↗	+11.0%	8h
Vest ↗	+10.9%	1h
MEXC ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Nado ↗	+10.9%	24h
Binance ↗	+10.9%	4h
Aster ↗	+10.9%	1h
OKX ↗	+10.9%	8h
Bybit ↗	+10.9%	4h
Arcus ↗	+10.9%	1h
BingX ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Bitget ↗	+10.9%	4h
BackPack ↗	+10.9%	1h
Pacifica ↗	+10.9%	1h
Lighter ↗	+10.5%	8h
GMTrade ↗	+2.5%	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 Vest vs dYdX page.

TAO arbitrage — 30-day backtest

long Vest · short dYdX

28.3%

backtested APR

+$233

historical net P&L on $10,000

0.26%

max drawdown

$10,000$10,233

30 days agostarting capital $10,000today

Over the last 30 days, holding long Vest / short dYdX would have produced 28.3% APR — versus the 77.8% the live spread implies right now (equity $10,000 → $10,233). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading TAO backtest…

TAO funding — FAQ

Is TAO funding positive right now?

TAO perpetual funding is positive on 22 of 22 venues Perpia tracks. The highest is +92.8% on dYdX; the lowest is +2.5% on GMTrade.

What is the best TAO funding arbitrage right now?

Go long Vest and short dYdX for about 77.8% net APR after fees — the widest delta-neutral TAO spread Perpia currently sees.

Which exchange has the highest TAO funding rate?

dYdX, at +92.8% 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

Markets also quoted on both dYdX and Vest — the same two exchanges you would already have funded for the TAO trade.

See every spread between them on the dYdX vs Vest page.

Open the live scanner →All funding rates Funding by exchange How we calculate this