TAO funding rates

TAO perpetual funding is currently quoted across 16 venues, ranging from -9.0% to +13.0% APR. The most reliable delta-neutral pairing for TAO right now is long Phoenix / short Extended at +7.9% net APR (low risk, ~4.2d to break even).

as of 2026-07-29 10:38 UTC
Best delta-neutral pairing
Long Phoenix / Short Extended
+7.9% net APR
Backtested (30d)
+12.0%
Stability
100%
Risk
low
Breakeven
~4.2d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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TAO funding by exchange

ExchangeFunding APR
RiseX+12.98%
Extended+11.39%
Hyperliquid+10.95%
Grvt+10.95%
Aster+10.95%
Nado+10.95%
Lighter+10.51%
Katana+10.41%
Ethereal+10.00%
Paradex+9.54%
Pacifica+4.55%
Variational+0.98%
Decibel+0.88%
dYdX+0.00%
Kraken-7.69%
Phoenix-9.02%

Frequently asked

What is the TAO funding rate right now?

TAO perpetual funding ranges from -9.02% to 12.98% APR across 16 exchanges we track; the widest delta-neutral spread is long Phoenix / short Extended at 7.9% net APR.

Which exchange has the highest TAO funding rate?

RiseX currently has the highest at 12.98% APR. See the full ranking above.