TAO funding rates

TAO perpetual funding is currently quoted across 21 venues, ranging from -56.7% to +11.6% APR. The most reliable delta-neutral pairing for TAO right now is long Phoenix / short Extended at +21.8% net APR (low risk, ~1.4d to break even).

as of 2026-10-28 05:43 UTC

Best delta-neutral pairing

Long Phoenix / Short Extended

+21.8% net APR

Backtested (30d): +10.2%
Stability: 93.8%
Risk: low
Breakeven: ~1.4d

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

Exchange	Funding APR	Interval
RiseX	+11.57%	1h
Extended	+11.39%	1h
Hyperliquid	+10.95%	1h
Pacifica	+10.95%	1h
Polymarket	+10.95%	1h
PopDEX	+10.95%	1h
Bulk	+10.95%	1h
Grvt	+10.95%	4h
Katana	+10.93%	8h
Lighter	+10.51%	1h
Decibel	+7.01%	1h
Paradex	+4.80%	8h
Nado	+0.56%	24h
dYdX	+0.00%	1h
TxFlow	-1.25%	1h
Aster	-4.34%	4h
Arcus	-9.56%	1h
n1xyz	-12.26%	1h
Phoenix	-16.98%	1h
Variational	-30.24%	4h
Kraken	-56.66%	1h

Frequently asked

What is the TAO funding rate right now?

TAO perpetual funding ranges from -56.66% to 11.57% APR across 21 exchanges we track; the widest delta-neutral spread is long Phoenix / short Extended at 21.8% net APR.

Which exchange has the highest TAO funding rate?

RiseX currently has the highest at 11.57% APR. See the full ranking above.

What is funding rate arbitrage?

The strategy behind every number on this page

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Ranked by fee-adjusted net APR