TAO arbitrage between Kraken and HyperLiquid: we compare the price of TAO on Kraken (spot) and HyperLiquid (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Bittensor

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. Ultimately, BitTensors vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context. Bittensor enables: -A novel, optimized strategy for the development and distribution of artificial intelligence technology by leveraging the possibilities of a distributed ledger.…

Artificial Intelligence (AI), Smart Contract Platform, Layer 1 (L1), DePIN

Open interest in TAO right now — $201.6M: Binance $62.1M, Bybit $33.3M, HyperLiquid $31.5M, KuCoin $28.2M, Bitget $19.9M. See OI TAO.

News about TAO

About TAO arbitrage

How do I read the TAO spread?

The spread is how many percent higher TAO trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Kraken and HyperLiquid. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get TAO alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.