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6 ROUTES
$2353.2bps+0.2bps$23.1M$45.5M
$235—-8.9bps$1.5M$601.1K
-——$1.1M$1.2M
$236—+17.8bps$689.1K$673.1K
Bittensor
TAOCRYPTO
PERP: 6 ROUTES
BE THE FIRST TO WATCH
- PRICE
- $235.11
- MARKET CAP
- $2.2B
- VOLUME 24H
- $25.5M
- OPEN INTEREST
- $48.4M
- PERP SPREAD
- 3.2bps
- SPOT SPREAD
- Unavailable
- MAX LEVERAGE
- 25x
- PERP VENUES
- 6
Market cap source: coingecko.
PRICE
-
Loading price history...
PERP VENUESHyperliquidExtendedLighterVariationalPacificaPhoenix
MARKET EXPOSURE
PERPETUALS THEN TOKENIZED SPOTPERPETUALS
Venue, price, volume, open interest, funding and leverage.
LINK
HyperliquidTAO
+37.93%APR
0.045%5xTRADEFUNDING RATE
1h+0.0043%
8h+0.0346%
24h+0.1039%
Annualized+37.93%
Settles every1h
Hyperliquid pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
ExtendedTAO-USD
+11.39%APR
0.025%25xTRADEFUNDING RATE
1h+0.0013%
8h+0.0104%
24h+0.0312%
Annualized+11.39%
Settles every1h
Extended pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
LighterTAO
+10.51%APR
0.000%5xTRADEFUNDING RATE
1h+0.0012%
8h+0.0096%
24h+0.0288%
Annualized+10.51%
Settles every1h
Lighter pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
VariationalTAO
+10.95%APR
0.000%20xTRADEFUNDING RATE
1h+0.0012%
8h+0.0100%
24h+0.0300%
Annualized+10.95%
Settles every4h
Variational pays on a 4h cycle, not the 8h cross-venue standard. Figures above are normalized.
P
$235—-12.2bps$236.2K$236.4KPacificaTAO
+10.95%APR
—10xNOT ROUTEDFUNDING RATE
1h+0.0013%
8h+0.0100%
24h+0.0300%
Annualized+10.95%
Settles every1h
Pacifica pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
P
$235—+4.0bps-$193.3KPhoenixTAO
-
0.035%5xTRADEPERP EXECUTION COST
Where does TAO execute cheapest?
Set your size and direction — we pull the live order book from every venue listing TAO and rank them by all-in cost: spread, depth slippage and venue fee, plus funding carry if you set a holding period. The same trade can cost meaningfully more on the wrong venue.
Trade setup
3 markets found for TAO
$
Order type
Direction
Funding carry
Ready
0
Loading
3
Offline
0
Waiting for venue books
We will rank routes as soon as at least one venue responds.
Venue ranking
Sorted by lowest all-in cost; depth-exhausted books are held back from winning.
0/3 priced
MarketEff. priceSlippageFeeAll-inCost line
1
loading...Hyperliquidchecking
2
loading...Lighterchecking
3
loading...Variationalchecking
Effective price folds spread, depth-slippage and base fee into the price you transact at; all-in adds funding over the selected holding period. Books are live snapshots at load time. HIP-3 deployer markets share Hyperliquid infrastructure but are shown as distinct markets. Estimate only, not execution advice.
Open in price aggregatorMEASURED BOOK QUALITY
captured 2026-09-04 · 15:00 UTCVENUESPREADRT $10KRT $100KBOOK
HyperliquidTAO
Round-trip cost is spread plus depth impact from one daily book walk — venue fees are not included. ≥ marks a book that couldn't fill the size, so the figure is a lower bound.
HISTORY
TAO volume by venue
LIVE$18.2MHyperliquid 84.0%
All$18.2M