Bittensor (TAO) perpetual futures on Hyperliquid
Bittensor (TAO) is listed on Hyperliquid as the perpetual market TAO, a crypto contract on Hyperliquid's core perpetuals exchange. It settles in USDC and allows up to 5x leverage, grouped under the AI theme in the BT365 terminal.
Market snapshot
| Mark price | $227.93 |
|---|---|
| 24h change | +0.49% |
| 24h volume | $7.34M |
| Open interest | $30.72M |
| Funding rate (hourly) | 0.0013% |
| Market cap | $2.67B |
| Max leverage | 5x |
| Collateral | USDC |
Figures are a snapshot taken at 2026-11-04 13:14 UTC from BT365's public market data and are rebuilt nightly. The live number is in the app.
What you are actually trading
A perpetual future is a contract on the price of TAO, not the asset itself. There is no expiry; instead, longs and shorts pay each other a funding rate at intervals so the contract price tracks the reference price. A positive rate means longs pay shorts. Nothing on this page is a position in the underlying.
On Hyperliquid's core exchange, positions in one account share collateral under the account's margin mode, so sizing is an account-level decision rather than a per-trade one. See If one leveraged position goes wrong, what happens to the others?
What a market order here will cost
The mark price above is the price of the next unit, not of your order. Before a perps order is placed, BT365 walks the order book: it fills the order level by level against the live book and reports the average fill price against the mid, in whole basis points, together with the visible depth that decides whether the order is safe to send at all. The reasoning is in How do you know what a market order will cost before you send it?
Trade it on BT365
Open TAO in the BT365 terminal, with a live order book, the slippage walk, stop-loss and take-profit, or run it from a trading agent. The terminal and the agents read the same market data this page was built from.
All Hyperliquid markets on BT365
BT365 is not available in every jurisdiction, and nothing on this page is investment advice. Trading perpetual futures, prediction markets and newly launched tokens carries risk of loss.