TAO funding rate explained
Right now Bittensor (TAO) perpetual futures trade on 11 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on HTX at +0.015%. The average across all venues is +0.029% per day, or about +10.5% a year. Positive funding means TAO longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.015% per day. A delta-neutral position that shorts TAO on Binance and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live TAO arbitrage board for the price side of the trade.
Settlement intervals differ: TAO funding is paid every 1 hour, 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: TAO arbitrage · Bittensor price · funding rates for all coins.