TAO funding rates

TAO perpetual funding across 15 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
14.2%long Gate, short RISEx · net 8.7%
Highest funding now
33.2%RISEx
Lowest funding now
7.6%RWA Perp
Listed on
15 venues

Funding by venue

7d chartFlagsOpen
RISExTAO/USDC33.2%28.7%13.9%24.7%11.4%66%1h04:00294.36$257k$450kRxRISEx
ExtendedTAO-USD11.4%11.4%10.7%13.5%10.5%98%1h04:00294.04$787k$639kExExtended
HyperliquidTAO10.9%11.9%11.6%18.6%11.5%99%1h—294.52$62.4M$15.8MHyHyperliquid
AsterTAOUSDT10.9%10.9%11.7%15.9%11.8%100%4h04:00294.68$1.2M$743kAsAster
GRVTTAO_USDT_Perp10.9%10.9%8.3%9.5%7.8%93%4h04:00294.45$508k$800kGrGRVT
PolymarketTAO-USD10.9%10.9%10.7%7.9%10.7%99%1h04:00294.50$124k$87kPmPolymarket
BinanceCEXTAOUSDT10.9%9.2%6.0%8.3%5.2%90%4h04:00294.64$68.5M$105.2MBnBinance
BybitCEXTAOUSDT10.9%10.3%10.4%10.6%10.4%98%4h04:00294.68$41.3M$26.1MByBybit
BitgetCEXTAOUSDT10.9%10.7%10.7%8.8%10.7%100%4h04:00294.60$30.5M$10.2MBgBitget
MEXCCEXTAO_USDT10.9%9.5%6.7%8.0%6.2%90%4h04:00294.50$109.4M$80.8MMxMEXC
VariationalTAO10.9%5.8%6.2%7.1%6.2%82%4h—294.43$2.5M$1.2MVaVariational
NadoTAO-PERP_USDT010.9%6.5%7.3%17.2%7.5%88%1h04:00294.74$701k$349kNaNado
LighterTAO10.5%9.9%9.1%14.3%9.0%95%1h04:00294.52$752k$631kLiLighter
GateCEXTAO_USDT10.3%3.1%−0.3%5.2%−0.8%55%4h04:00294.50$80.9M$11.6MGtGate
RWA PerpPERP_TAO_USDC7.6%−1.4%−0.9%1.6%−0.8%52%4h04:00294.19$25k$29kRwRWA Perp

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
GateCEXRISEx22.9%25.6%14.2%19.5%8.7%13.0%5.4dsteady$257k4h/1hGtRxcalc
GateCEXAster0.7%7.9%12.0%10.6%6.0%9.0%7.0dsteady$1.2MGtAscalc
GateCEXExtended1.1%8.3%10.9%8.2%5.7%8.5%6.7dsteady$787k4h/1hGtExcalc
GateCEXHyperliquid0.7%8.8%11.8%13.4%5.6%8.4%7.4dsteady$62.4M4h/1hGtHycalc
GateCEXLighter0.2%6.8%9.4%9.0%5.5%8.2%5.8dsteady$752k4h/1hGtLicalc
GateCEXPolymarket0.7%7.9%11.0%2.6%5.0%7.4%7.7dsteady$124k4h/1hinvite onlyGtPmcalc
GateCEXBitgetCEX0.7%7.6%11.0%3.6%3.9%5.9%9.0dsteady$30.5MGtBgcalc
GateCEXBybitCEX0.7%7.2%10.7%5.3%3.9%5.9%8.9dsteady$41.3MGtBycalc
VariationalAster0.0%5.1%5.5%8.8%3.4%5.2%5.3dcooling$1.2Mspread not incl.VaAscalc
VariationalExtended0.4%5.6%4.5%6.3%3.2%4.7%4.1dweak$787k4h/1hspread not incl.VaExcalc
VariationalHyperliquid0.0%6.1%5.4%11.5%3.1%4.6%6.1dcooling$2.5M4h/1hspread not incl.VaHycalc
GateCEXVariational0.7%2.7%6.4%1.9%2.5%3.8%8.5dsteady$2.5Mspread not incl.GtVacalc
VariationalPolymarket0.0%5.1%4.5%0.7%2.4%3.6%6.5dweak$124k4h/1hinvite onlyspread not incl.VaPmcalc
GateCEXGRVT0.7%7.9%8.5%4.2%2.3%3.4%10dsteady$508kGtGrcalc
GateCEXMEXCCEX0.7%6.4%6.9%2.8%2.0%3.0%10.0dsteady$80.9MGtMxcalc
MEXCCEXAster0.0%1.4%5.0%7.9%1.9%2.8%8.7dcooling$1.2MMxAscalc
GateCEXNado0.7%3.4%7.6%12.0%1.9%2.8%11dsteady$701k4h/1hGtNacalc
MEXCCEXExtended0.4%1.9%4.0%5.4%1.6%2.4%8.3dweak$787k4h/1hMxExcalc
VariationalRISEx22.3%22.9%7.7%17.6%6.2%9.2%2.8dspike ×4.4$257k4h/1hspread not incl.VaRxcalc
MEXCCEXHyperliquid0.0%2.4%4.9%10.6%1.5%2.3%9.7dcooling$62.4M4h/1hMxHycalc
VariationalLighter−0.4%4.0%2.9%7.2%2.9%4.4%<0.1dmixed$752k4h/1hspread not incl.VaLicalc
VariationalBitgetCEX0.0%4.9%4.5%1.7%1.4%2.1%9.7dweak$2.5Mspread not incl.VaBgcalc
VariationalBybitCEX0.0%4.5%4.2%3.5%1.4%2.1%9.5dweak$2.5Mspread not incl.VaBycalc
BinanceCEXAster0.0%1.8%6.0%9.2%1.3%2.0%11dcooling$1.2MBnAscalc
MEXCCEXRISEx22.3%19.2%7.2%16.7%4.6%6.9%5.1dspike ×3.7$257k4h/1hMxRxcalc
BinanceCEXRISEx22.3%19.5%7.9%21.0%3.7%5.6%7.4dspike ×3.9$257k4h/1hBnRxcalc
MEXCCEXPolymarket0.0%1.4%4.0%−0.2%0.9%1.3%11dweak$124k4h/1hinvite onlyMxPmcalc
LighterRISEx22.7%18.9%4.8%10.4%3.2%4.8%4.6dspike ×7.7$257kLiRxcalc
NadoRISEx22.3%22.2%6.6%7.5%3.2%4.8%7.2dspike ×5.6$257kNaRxcalc
MEXCCEXLighter−0.4%0.3%2.4%6.3%1.4%2.1%6.0dmixed$752k4h/1hMxLicalc
BinanceCEXHyperliquid0.0%2.7%5.6%13.1%0.6%0.9%12dcooling$62.4M4h/1hBnHycalc
BinanceCEXExtended0.4%2.2%4.5%6.0%0.6%0.9%12dsteady$787k4h/1hBnExcalc
LighterAster0.4%1.1%2.6%1.6%0.5%0.8%11dweak$752k1h/4hLiAscalc
GRVTRISEx22.3%17.8%5.6%15.2%1.7%2.6%9.7dspike ×4.9$257k4h/1hGrRxcalc
LighterExtended0.9%1.5%1.5%−0.8%0.2%0.3%12dweak$752kLiExcalc
NadoAster0.0%4.5%4.4%−1.3%0.5%0.7%13dmixed$701k1h/4hNaAscalc
NadoExtended0.4%4.9%3.3%−3.8%0.2%0.3%13dweak$701kNaExcalc
LighterHyperliquid0.4%2.0%2.5%4.3%0.1%0.2%13dweak$752kLiHycalc
ExtendedRISEx21.8%17.3%3.3%11.3%0.4%0.6%12dspike ×19.0$257kExRxcalc
NadoHyperliquid0.0%5.4%4.2%1.4%0.1%0.1%14dmixed$701kNaHycalc
NadoLighter−0.4%3.4%1.8%−2.9%0.0%−0.1%14dmixed$701kNaLicalc
BinanceCEXLighter−0.4%0.7%2.6%7.4%0.0%−0.1%14dmixed$752k4h/1hBnLicalc
BinanceCEXPolymarket0.0%1.8%4.6%0.3%−0.1%−0.2%14dcooling$124k4h/1hinvite onlyBnPmcalc
MEXCCEXBitgetCEX0.0%1.2%4.0%0.8%−0.1%−0.2%14dweak$30.5MMxBgcalc
MEXCCEXBybitCEX0.0%0.8%3.7%2.6%−0.2%−0.3%15dweak$41.3MMxBycalc
GateCEXBinanceCEX0.7%6.1%6.3%1.9%−0.2%−0.3%14dsteady$68.5MGtBncalc
VariationalGRVT0.0%5.1%2.1%2.4%−0.2%−0.4%16dweak$508kspread not incl.VaGrcalc
LighterPolymarket0.4%1.1%1.6%−6.4%−0.5%−0.8%19dweak$124kinvite onlyLiPmcalc
VariationalMEXCCEX0.0%3.7%0.5%0.9%−0.5%−0.8%29dweak$2.5Mspread not incl.VaMxcalc
VariationalNado0.0%0.7%1.2%10.1%−0.7%−1.0%22dweak$701k4h/1hspread not incl.VaNacalc
GRVTAster0.0%0.0%3.4%6.4%−1.0%−1.5%18dweak$508kGrAscalc
VariationalBinanceCEX0.0%3.4%1.6%1.1%−1.1%−1.6%24dweak$2.5Mspread not incl.VaBncalc
NadoPolymarket0.0%4.5%3.4%−9.4%−0.6%−0.8%16dmixed$124kinvite onlyNaPmcalc
BinanceCEXBitgetCEX0.0%1.5%4.6%1.1%−1.1%−1.7%17dcooling$30.5MBnBgcalc
BinanceCEXBybitCEX0.0%1.1%4.2%2.6%−1.3%−1.9%18dweak$41.3MBnBycalc
GRVTExtended0.4%0.4%2.4%4.0%−1.3%−1.9%22dweak$508k4h/1hGrExcalc
GRVTHyperliquid0.0%0.9%3.3%9.1%−1.4%−2.1%20dweak$508k4h/1hGrHycalc
LighterBitgetCEX0.4%0.9%1.6%−5.4%−1.5%−2.3%27dweak$752k1h/4hLiBgcalc
LighterBybitCEX0.4%0.4%1.3%−3.7%−1.6%−2.3%31dweak$752k1h/4hLiBycalc
PolymarketRISEx22.3%17.8%3.2%16.9%−0.4%−0.7%16dspike ×22.6$124kinvite onlyPmRxcalc
MEXCCEXGRVT0.0%1.4%1.6%1.5%−1.8%−2.7%30dweak$508kMxGrcalc
GRVTPolymarket0.0%0.0%2.4%−1.6%−2.0%−3.0%26dweak$124k4h/1hinvite onlyGrPmcalc
MEXCCEXNado0.0%−3.0%0.7%9.2%−2.2%−3.3%62dweak$701k4h/1hMxNacalc
LighterVariational0.4%−4.0%−2.9%−7.2%−2.9%−4.4%—weak$752k1h/4hspread not incl.LiVacalc
GRVTLighter−0.4%−1.1%0.8%4.8%−1.5%−2.3%39dmixed$508k4h/1hGrLicalc
GRVTBitgetCEX0.0%−0.2%2.4%−0.6%−3.0%−4.6%32dweak$508kGrBgcalc
GRVTBybitCEX0.0%−0.6%2.1%1.1%−3.1%−4.6%34dweak$508kGrBycalc
BinanceCEXGRVT0.0%1.8%1.9%1.6%−3.1%−4.6%37dweak$508kBnGrcalc
NadoBitgetCEX0.0%4.2%3.4%−8.4%−1.6%−2.4%21dmixed$701k1h/4hNaBgcalc
PolymarketAster0.0%0.0%1.0%8.0%−3.2%−4.7%58dweak$124k1h/4hinvite onlyPmAscalc
LighterGRVT0.4%1.1%−0.8%−4.8%−3.2%−4.8%—weak$508k1h/4hLiGrcalc
NadoBybitCEX0.0%3.8%3.1%−6.6%−1.6%−2.4%21dmixed$701k1h/4hNaBycalc
PolymarketExtended0.4%0.4%0.0%5.6%−3.4%−5.2%—weak$124kinvite onlyPmExcalc
LighterMEXCCEX0.4%−0.3%−2.4%−6.3%−3.5%−5.2%—weak$752k1h/4hLiMxcalc
PolymarketHyperliquid0.0%0.9%0.9%10.7%−3.5%−5.3%70dweak$124kinvite onlyPmHycalc
BinanceCEXMEXCCEX0.0%0.3%0.0%0.0%−3.6%−5.4%>999dweak$68.5MBnMxcalc
LighterNado0.4%−3.4%−1.8%2.9%−3.6%−5.4%—weak$701kLiNacalc
BybitCEXAster0.0%0.6%1.3%5.3%−3.7%−5.5%54dweak$1.2MByAscalc
BybitCEXRISEx22.3%18.4%3.5%14.1%−0.9%−1.4%18dspike ×18.5$257k4h/1hByRxcalc
BybitCEXExtended0.4%1.1%0.2%2.9%−3.9%−5.9%257dweak$787k4h/1hByExcalc
BybitCEXHyperliquid0.0%1.6%1.2%8.0%−4.1%−6.1%63dweak$41.3M4h/1hByHycalc
BitgetCEXAster0.0%0.2%1.0%7.0%−4.2%−6.3%74dweak$1.2MBgAscalc
HyperliquidAster0.0%−0.9%0.1%−2.7%−4.3%−6.5%522dweak$1.2M1h/4hHyAscalc
AsterExtended0.4%0.4%−1.1%−2.4%−4.4%−6.7%—weak$787k4h/1hAsExcalc
BitgetCEXExtended0.4%0.7%−0.1%4.6%−4.5%−6.7%—weak$787k4h/1hBgExcalc
HyperliquidExtended0.4%−0.5%−0.9%−5.2%−4.6%−6.9%—weak$787kHyExcalc
BitgetCEXHyperliquid0.0%1.2%0.9%9.8%−4.6%−6.9%88dweak$30.5M4h/1hBgHycalc
ExtendedAster−0.4%−0.4%1.1%2.4%−2.3%−3.5%45dmixed$787k1h/4hExAscalc
BybitCEXPolymarket0.0%0.6%0.3%−2.7%−4.7%−7.0%254dweak$124k4h/1hinvite onlyByPmcalc
PolymarketBitgetCEX0.0%−0.2%0.0%1.0%−5.2%−7.8%>999dweak$124k1h/4hinvite onlyPmBgcalc
ExtendedHyperliquid−0.4%0.5%0.9%5.2%−2.7%−4.1%55dmixed$787kExHycalc
BybitCEXBitgetCEX0.0%0.4%0.3%−1.7%−5.7%−8.6%287dweak$30.5MByBgcalc
AsterRISEx22.3%17.8%2.2%8.8%−1.4%−2.2%23dspike$257k4h/1hAsRxcalc
BitgetCEXRISEx22.3%18.0%3.2%15.9%−1.5%−2.3%21dspike ×24.9$257k4h/1hBgRxcalc
HyperliquidRISEx22.3%16.8%2.3%6.1%−1.6%−2.4%24dspike$257kHyRxcalc
NadoGRVT0.0%4.5%0.9%−7.7%−3.2%−4.8%62dmixed$508k1h/4hNaGrcalc
ExtendedPolymarket−0.4%−0.4%0.0%−5.6%−3.3%−5.0%>999dmixed$124kinvite onlyExPmcalc
NadoBinanceCEX0.0%2.7%0.1%−10.9%−4.4%−6.5%827dmixed$701k1h/4hNaBncalc
ExtendedBitgetCEX−0.4%−0.7%0.1%−4.6%−4.4%−6.6%962dmixed$787k1h/4hExBgcalc
LighterBinanceCEX0.4%−0.7%−2.6%−7.4%−5.2%−7.7%—mixed$752k1h/4hLiBncalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:56 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Extended at 294.036, sell on Nado at 294.738: 0.238% before fees, 0.118% after taker fees.

TAO: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Nado294.738Aster294.684Bybit294.68Binance294.643Bitget294.6Lighter294.522Hyperliquid294.52Gate294.5MEXC294.5Polymarket294.5GRVT294.448Variational294.43RISEx294.362RWA Perp294.19Extended294.036
Extended294.0360.238%0.220%0.219%0.206%0.191%0.165%0.164%0.158%0.158%0.158%0.140%0.134%0.111%0.052%—
RWA Perp294.190.186%0.168%0.166%0.154%0.139%0.113%0.112%0.105%0.105%0.105%0.088%0.081%0.058%—−0.052%
RISEx294.3620.128%0.109%0.108%0.095%0.081%0.054%0.054%0.047%0.047%0.047%0.029%0.023%—−0.058%−0.111%
Variational294.430.105%0.086%0.085%0.072%0.058%0.031%0.031%0.024%0.024%0.024%0.006%—−0.023%−0.081%−0.134%
GRVT294.4480.098%0.080%0.079%0.066%0.051%0.025%0.024%0.017%0.017%0.017%—−0.006%−0.029%−0.088%−0.140%
Gate294.50.081%0.062%0.061%0.048%0.034%0.007%0.007%—0.000%0.000%−0.017%−0.024%−0.047%−0.105%−0.158%
MEXC294.50.081%0.062%0.061%0.048%0.034%0.007%0.007%0.000%—0.000%−0.017%−0.024%−0.047%−0.105%−0.158%
Polymarket294.50.081%0.062%0.061%0.048%0.034%0.007%0.007%0.000%0.000%—−0.017%−0.024%−0.047%−0.105%−0.158%
Hyperliquid294.520.074%0.056%0.054%0.042%0.027%0.001%—−0.007%−0.007%−0.007%−0.024%−0.031%−0.054%−0.112%−0.164%
Lighter294.5220.073%0.055%0.054%0.041%0.026%—−0.001%−0.007%−0.007%−0.007%−0.025%−0.031%−0.054%−0.113%−0.165%
Bitget294.60.047%0.029%0.027%0.015%—−0.026%−0.027%−0.034%−0.034%−0.034%−0.051%−0.058%−0.081%−0.139%−0.191%
Binance294.6430.032%0.014%0.013%—−0.015%−0.041%−0.042%−0.048%−0.048%−0.048%−0.066%−0.072%−0.095%−0.154%−0.206%
Bybit294.680.020%0.001%—−0.013%−0.027%−0.054%−0.054%−0.061%−0.061%−0.061%−0.079%−0.085%−0.108%−0.166%−0.219%
Aster294.6840.018%—−0.001%−0.014%−0.029%−0.055%−0.056%−0.062%−0.062%−0.062%−0.080%−0.086%−0.109%−0.168%−0.220%
Nado294.738—−0.018%−0.020%−0.032%−0.047%−0.073%−0.074%−0.081%−0.081%−0.081%−0.098%−0.105%−0.128%−0.186%−0.238%
All quotes (15)
VenueBidAskQualityAgeVol 24hFlags
Aster294.684294.684mark4m$743kno FX
BinanceCEX294.643294.643mark3m$105.2Mno FX
BitgetCEX294.6294.6mark3m$10.2Mno FX
BybitCEX294.68294.68mark3m$26.1Mno FX
Extended294.036294.036mark4m$639k
GateCEX294.5294.5mark3m$11.6Mno FX
GRVT294.448294.448mark4m$800kno FX
Hyperliquid294.52294.52mark4m$15.8M
Lighter294.522294.522mark4m$631k
MEXCCEX294.5294.5mark4m$80.8Mno FX
Nado294.738294.738mark4m$349kno FX
Polymarket294.5294.5mark4m$87k
RISEx294.362294.362mark4m$450k
RWA Perp294.19294.19mark4m$29k
Variational294.43294.43mark4m$1.2M

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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