TAO Funding Rate — live across 23 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized TAO perpetual funding across all 23 venues Perpia tracks. Right now TAO funding is positive on 21 and negative on 0, ranging from +14.0% on Risex to +0.0% on dYdX — a spread of 14.0%. The widest delta-neutral trade is long GMTrade / short Risex at 9.4% net APR.
TAO funding rate by venue
60 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Risex | +14.0% | 1h |
| Extended | +11.4% | 1h |
| Vest | +10.9% | 1h |
| Nado | +10.9% | 24h |
| Aster | +10.9% | 1h |
| Hyperliquid | +10.9% | 1h |
| Bitget | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| BackPack | +10.9% | 1h |
| Variational | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| BingX | +10.9% | 4h |
| OKX | +10.9% | 8h |
| Pacifica | +10.9% | 1h |
| EdgeX | +10.9% | 4h |
| Lighter | +10.5% | 8h |
| Paradex | +10.3% | 8h |
| Ethereal | +10.0% | 1h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| GMTrade | +0.0% | 1h |
| dYdX | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
Loading TAO backtest…
TAO funding — FAQ
Is TAO funding positive right now?
TAO perpetual funding is positive on 21 of 23 venues Perpia tracks. The highest is +14.0% on Risex; the lowest is +0.0% on dYdX.
What is the best TAO funding arbitrage right now?
Go long GMTrade and short Risex for about 9.4% net APR after fees — the widest delta-neutral TAO spread Perpia currently sees.
Which exchange has the highest TAO funding rate?
Risex, at +14.0% annualized. Funding shifts continuously, so check the live table above before trading.
How TAO funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.