Live data
Aave perpetual futures
Live funding rates, open interest, and measured trade costs for Aave. 21 venues in the PerpFinder venue map list AAVE perps.
At a glance
This AAVE funding snapshot covers 4 venues: Hyperliquid, Bybit, dYdX, and Binance. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists AAVE.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 13.33% annualizedHyperliquid vs Bybit
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is -2.38% on Bybit.
The executable spread between Hyperliquid and Bybit is 13.33% annualized, from 3 venues that report open interest.
Hyperliquid, Bybit, and dYdX report $132.8m of open interest across the venues in this snapshot that publish it.
The AAVE price in this snapshot comes from Binance at $128.90.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
BinanceCEX
dYdXDEX
BybitCEXOpen interest
Per-exchange open interest
HyperliquidBybitdYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. AAVE is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Aave Perpetual Futures
19 of the 21 venues that list AAVE perps have a PerpFinder review page. The table compares fees, leverage, and features for those 19.
| 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% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | AAVE → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 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% | 100x | 7.5 | AAVE → | |
| 0.012% | 0.038% | 100x | 7.5 | AAVE → | |
| Free | 0.000% | 50x | 7.5 | AAVE → | |
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | AAVE → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | AAVE → | ||
| Free | 0.025% | 100x | 7.0 | AAVE → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | AAVE → | ||
| 0.020% | 0.050% | 100x | 6.5 | AAVE → | |
| 0.010% | 0.035% | 100x | 6.0 | 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.
Trading Tips for Aave Perps
AAVE benefits from high DeFi borrowing demand. When lending rates spike on Aave markets, it signals increased protocol revenue and often precedes AAVE price appreciation. Track Aave TVL and utilization rates as fundamental signals.
Frequently Asked Questions — Aave
What is the current AAVE perpetual futures funding rate?
The live Aave funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists AAVE perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest AAVE perp trading fees?
Among 14 tracked AAVE venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. DESK lists 0.017%. 5 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Aave open interest compare across exchanges?
The Aave open-interest chart shows the total value of outstanding AAVE derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the AAVE long/short ratio indicate?
The Aave long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade AAVE perpetual futures?
Aave perps are listed on 19 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 14 more. The "Where to Trade Aave Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized