Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs.
Order Book
Connecting…Price Chart: TAO
Largest Bid Walls
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Largest Ask Walls
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TAO Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, TAO funding has averaged 0.00135% per hour, an annualised rate of 11.8%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00058% to 0.00573%. Work out what this costs on your own position with the funding rate calculator.
TAO funding & market FAQ
What is the current TAO funding rate?
The current TAO funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of not yet available. Over the past 7 days it has averaged 0.00135%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on TAO right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does TAO open interest tell me?
TAO currently has $69,040,140 of open interest, ranking #36 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a TAO position?
At the current mark price of $301.80, a 10x long would be liquidated around $271.62 and a 10x short around $331.98. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade TAO perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's TAO positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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