Bhairava is One with the Transcendant Siva and Nataraja

Bhairava or Rudra, Siva as yogi,

Image of Satguru Sivaya Subramuniyaswami
Recognizing that all experience is but a fading dream, you are closer to the permanence within you that never changes. You can sense it. It is God. It is Siva. It has never changed. It will never change.
—Gurudeva