AAVE Perpetual Futures

The open-interest-weighted AAVE funding rate is +0.0034% per 8 hours, or +3.70% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0726% on Crypto.com to +0.0100% on WhiteBIT. Compare all funding rates.

AAVE perpetual open interest is $392.85M (2.46M AAVE), down 0.05% in 24 hours. Binance holds the most at $70.70M. That is 16.01% of Aave's market cap.

Aave is a decentralised, non-custodial lending protocol. Users supply assets to pools to earn interest, and borrowers lock collateral worth more than their loan. If collateral value falls too far, the position is liquidated automatically. AAVE is the governance and staking token.

Aave perps traded $353.82M in the last 24 hours, -13.60% on the day before. Binance leads with 32%, followed by WhiteBIT ($43.74M) and OKX ($42.76M).

Over the last 24 hours 46.3% of accounts are long and 53.7% short, a long/short ratio of 0.86. See the long/short ratio by exchange.

Demand for borrowing on Aave, the fees the protocol earns and broad DeFi sentiment drive the AAVE price. Governance moves that return value to token holders, such as buybacks, can also lift interest. As a large DeFi token, it tends to move with ETH during market-wide swings.

Yes. In sharp sell-offs, many loans hit their liquidation thresholds at once, which tests whether collateral can be sold fast enough to cover debts. Traders watch for bad-debt risk in these periods, and AAVE perps often see heavy liquidations of their own. The liquidations page shows market-wide forced closes.

$992.2K of AAVE positions were liquidated in 24 hours, $285.0K longs and $707.2K shorts. Binance saw the most at $1.06M. See liquidations across the market.

GHO is a decentralised stablecoin issued by the Aave protocol. Users mint it by borrowing against collateral they hold on Aave, and the interest they pay goes to the Aave DAO treasury. Its growth adds to protocol revenue, which is one reason traders follow GHO supply alongside AAVE.

AAVE perpetual futures are derivatives contracts that track the price of AAVE and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any AAVE.

Funding is a payment between longs and shorts. When AAVE perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

AAVE perps trade on 14 tracked exchanges. By volume the largest are Binance, WhiteBIT and OKX. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.