TAO Perpetual on Hyperliquid
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TAO Perpetual on Hyperliquid — price $259.150 (+4.11% 24h), funding +0.0013%/1h, open interest $42.5M, 24h volume $4.6M. Annualized funding +11.0%. Source: Hyperliquid official · as of 2026-10-28 03:45 UTC
- Trading status
- Live
- Max leverage
- 5×
- Funding settlement
- Hourly (1h)
- Trading hours
- 24/7/365 (no market open or close)
- Daily history since
- 2024-02-19
Contract spec from operator documentation · snapshot as of 2026-10-28 03:45 UTC
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/tao-perp/history?format=csv&from=2026-06-14&to=2026-10-28&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
Bittensor's TAO token sits at the intersection of crypto and AI infrastructure — the network organizes decentralized machine-learning work into competing 'subnets' that are rewarded based on the quality of the intelligence they produce, which is a meaningfully different value proposition than the typical L1 or DeFi playbook seen elsewhere on this list. On Hyperliquid, TAO's trading activity tends to spike during periods when the broader crypto-AI narrative is in favor, and can quiet down when market attention rotates elsewhere. Leverage sits below the large-cap L1s, appropriate for a smaller, more specialized market with a shorter track record than assets like SOL or ETH. Funding on TAO-USD has shown a tendency to run hotter than large-cap majors during AI-narrative-driven rallies, then cool off just as quickly once that attention fades. Because Bittensor's subnet ecosystem is still evolving relatively quickly, traders following TAO often pay closer attention to project-specific developments — new subnet launches, emission changes — than they would for a more mature, slower-moving L1.
What is the max leverage for TAO on Hyperliquid?
TAO-USD perpetuals support up to 5x leverage.
What does Bittensor's TAO token actually do?
TAO rewards participants across Bittensor's decentralized 'subnets' based on the quality of machine-learning work they contribute, tying the token's value to the network's AI-infrastructure activity rather than typical DeFi or payments use cases.
Is TAO more volatile than large-cap L1 tokens on Hyperliquid?
It has tended to be, particularly during periods when the crypto-AI narrative is actively in favor, given its smaller and more specialized market.
What is the TAO Perpetual funding rate on Hyperliquid?
As of the latest snapshot, TAO Perpetual funding is +0.0013%/1h (≈ +11.0% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 03:45 UTC.
What are TAO Perpetual's 24h volume and open interest?
TAO Perpetual currently has $4.6M in 24h volume and $42.5M in open interest. As of 2026-10-28 03:45 UTC.
What is TAO Perpetual's all-time high on Hyperliquid?
TAO Perpetual's all-time high is $786.610 on 2024-04-11; the all-time low is $120.350 on 2025-10-10. The 52-week range is $142.670–$539.680. As of 2026-10-28 03:45 UTC.
How can I trade TAO Perpetual on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the TAO Perpetual market. Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 5× on this market), so positions can be liquidated — size positions conservatively.