Aave perpetual futures
AAVE perpetual contracts on 19 reviewed venues.
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Funding rates
Annualized rates across exchanges
PhemexCEX
HTXCEX
HyperliquidDEX
Apex OmniDEX
BybitCEX
Open interest
Per-exchange open interest
BinanceHyperliquidBybit
Gate.io
Bitget
OKX
KuCoinWhat the AAVE data shows
Funding direction differs by venue: longs pay on GMX, Hyperliquid, and 10 more; longs receive on OKX, Orderly, and 6 more; the rate is zero on dYdX. The rates run from +16.09% a year on GMX to -12.92% on Deribit.
No venue holds half of the $380.5m in reported AAVE open interest. Binance has the largest share, 23.6%, and Hyperliquid is next with 21.9%.
CoinGecko ranked AAVE number 46 by market value on September 21, 2026, at $2.13b. Its price rose 10.0% in the 7 days before that date. The open interest in this read equals 17.9% of that value.
The AAVE settlement periods differ: 13 venues settle every 8 hours; 4 venues settle every hour.
Kraken quoted AAVE at $181.94 and Bitget at $181.70, a gap of 13.4 bps.
- Source: public APIs of 21 venues for AAVE, read at October 3, 2026, 10:55 UTC.
- Market value: CoinGecko snapshot of September 21, 2026.
Where to Trade Aave Perpetual Futures
Fees and leverage limits apply venue-wide; confirm AAVE limits with the venue.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | AAVE | |
| 0.010% | 0.050% | 50x | 9.0 | AAVE | |
| 0.04% or 0.06% position fee | 100x | 8.5 | AAVE | ||
| 0.035% position fee | 1000x | 8.0 | AAVE | ||
| 0.010% | 0.035% | 50x | 8.0 | AAVE | |
| 0.020% | 0.050% | 100x | 8.0 | AAVE | |
| 0.010% | 0.020% | 100x | 7.8 | AAVE | |
| Free | 0.030% | 50x | 7.8 | AAVE | |
| -0.010% | 0.017% | 1000x | 7.8 | AAVE | |
| 0.050% | 0.080% | 20x | 7.5 | AAVE | |
| Free | 0.040% | 200x | 7.5 | AAVE | |
| 0.040% | 0.045% | 100x | 7.5 | AAVE | |
| Free | 0.000% | 50x | 7.5 | AAVE | |
| 0.01% or 0.045% position fee | 100x | 7.0 | AAVE | ||
| 0.045% or 0.055% position fee | 100x | 7.0 | AAVE | ||
| Free | 0.025% | 100x | 7.0 | AAVE | |
| 0.04% or 0.06% position fee | 100x | 6.5 | AAVE | ||
| 0.020% | 0.050% | 100x | 6.5 | AAVE | |
| 0.010% | 0.035% | 100x | 6.0 | AAVE | |
Aave market overview
AAVE perps are a direct expression of the DeFi lending sector. Aave's protocol revenue, TVL trajectory, and governance decisions all feed into AAVE price, making this one of the few altcoin perps where fundamental DeFi metrics provide meaningful trading signals ahead of price moves.
Venue structure
AAVE perps trade on Binance, Bybit, OKX, and Kraken. Among DEX venues, Hyperliquid lists AAVE with growing depth. DEX venue depth for AAVE is limited relative to the major CEX books, consistent with AAVE's trading base being primarily DeFi-native but executing through CEX accounts for derivatives.
AAVE funding moves less than the funding on narrative-driven assets, because protocol revenue anchors the token thesis. AAVE's price is tethered to measurable protocol performance, which limits the extreme funding spikes common in purely speculative assets.
Protocol metrics as price signals
Aave V3 operates across Ethereum, Arbitrum, Base, Optimism, Polygon, and Avalanche. DefiLlama's Aave page shows aggregate TVL and borrowing rates across all deployments. A new chain deployment raises Aave TVL and expected protocol revenue, which gives traders a reason to hold a long position.
The utilization rate across Aave markets is a leading indicator for protocol fee revenue. High utilization (above 80% on major assets like USDC or ETH) means borrowers are paying higher rates to Aave, which increases revenue to AAVE holders and stakers. Drops in utilization signal decreased demand and are often followed by AAVE funding normalization.
GHO and the governance catalyst
Aave's GHO stablecoin launch and its subsequent expansion across chains introduced a new revenue stream and governance catalyst for AAVE. Major GHO parameter changes — collateral additions, rate adjustments — are voted through the Aave Governance forum with advance notice.
Governance votes that raise GHO issuance capacity change the revenue outlook, so traders position before the result.
Check AAVE's current funding rates across venues on the funding rates tool. Use the cost comparison tool to model break-even costs at your position size.
Frequently Asked Questions — Aave
What funding data is available for AAVE?
21 venues report an AAVE funding rate in this read.
An annualized AAVE rate extrapolates one reading and does not predict a return.
What open interest data is available for AAVE?
17 venues report positive AAVE open interest in this read.
The AAVE total leaves out venues outside the read.
Which mapped venue has the lowest recorded AAVE taker fee?
Paradex lists 0.000% and DESK lists 0.017%, the two lowest of 14 mapped AAVE maker/taker schedules.
5 AAVE venues charge a position fee and are not compared.
Category: DeFi