Edge or Not

Liquidation calculator · TAO

Bittensor liquidation calculator

Liquidation price for TAO perpetual longs and shorts, and how often TAO's real price moves would have hit it. Isolated margin, USDT-margined.

TAO now (25 Oct 2026, 08:30 UTC): price 246.81 (-1.6% in 24h); open interest on five exchanges $194.7M; liquidated in 24h on Binance and Bybit $653K, 97% longs.

Liquidation price
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The textbook formula: real liquidation comes slightly earlier, because exchanges deduct fees and accrued funding and use the mark price. The history line uses TAO hourly candles on Binance from 2026-04-19 to 2026-10-25: every hour as an entry, liquidated if any later hourly low (long) or high (short) crossed the level. Past volatility, not a forecast.

How often would TAO have liquidated each leverage?

LeverageMove to liquidationLong, 1 dayShort, 1 dayLong, 1 weekShort, 1 week
3x32.9%<1%<1%<1%6%
5x19.6%<1%<1%5%16%
10x9.6%4%6%32%34%
20x4.6%26%25%65%58%
25x3.6%35%34%73%67%
50x1.6%67%64%87%86%
100x0.6%88%86%95%95%

Share of past holds that would have been liquidated, TAO perpetual on Binance, 2026-04-19 to 2026-10-25 (4,513 one-day holds, overlapping). Isolated margin, 0.4% maintenance margin, before fees and funding, which would make it worse. The same test for every coin and any holding time: how fast would you get liquidated?

TAO market right now

Funding rate per 8 hours: Binance +0.0042%, Bybit +0.0100%, OKX -0.0034%, BingX +0.0100%. Positive funding means longs pay shorts; over days it moves a long's liquidation closer. Details: TAO funding rate.

Open interest by exchange: Binance $62.6M (32%), Bybit $31.6M (16%), OKX $19.1M (10%), Gate $43.0M (22%), Hyperliquid $38.4M (20%). Chart: TAO open interest.

Liquidations in 24 hours (Binance and Bybit): longs $636K, shorts $17K. Live feed: TAO liquidations.

Where other traders' leverage may sit is modeled on the TAO liquidation heatmap - and here is how often price actually went there.

Reading the result

FAQ

How far does TAO have to move to liquidate a 10x position?

About 9.6% against you with isolated margin and a 0.4% maintenance margin rate, before fees and funding: down for a long, up for a short. At 25x it is 3.6%, at 50x 1.6%.

How often would a 10x TAO long have been liquidated within a day?

In 4% of one-day holds on Binance hourly data from 2026-04-19 to 2026-10-25 (every hour as an entry, isolated margin, 0.4% maintenance margin). A 10x short: 6%. Held for a week: long 32%, short 34%.

What about 25x on TAO?

A 25x TAO position is liquidated by a 3.6% move. On the same data that happened within a day in 35% of long holds and 34% of short holds. Past volatility, not a forecast.

Why is my exchange's TAO liquidation price different?

Exchanges use the mark price, deduct fees and accrued funding, and apply tiered maintenance margin that rises with position size and is often higher for smaller coins. Check your exchange's margin tier table for TAO and enter that rate in the calculator.

A planning aid, not advice. Leverage can wipe out your margin within minutes. See the risk disclaimer.