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AAVE Basis: Perp vs Spot Premium

Live AAVE basis: the AAVE perpetual futures price against the same exchange's spot price, perp / spot - 1. A positive basis is a futures premium, a negative one a discount. One row per venue pair on Binance and Bybit above the liquidity filter, then the recorded basis history for 24 hours, 7 days and all time.

AAVE's OI-weighted perp-vs-spot basis is -0.09% right now (a discount); there is not enough recorded history yet for a 7-day average (the server has been collecting for 13 hours). The widest venue is Binance (AAVEUSDC vs AAVEUSDC spot), at a -0.16% discount, of 3 comparable pairs.

3 comparable pairsPerp OI $251.05M (#25)Server history: 13 hoursAs of 02:23 UTC

AAVE basis OI-weighted
-0.09%
live, across the pairs below
7-day average
—
not enough recorded history yet
Widest venue
-0.16% Binance
AAVEUSDC vs AAVEUSDC spot
Perp open interest
$251.05M
#25 by perp OI

AAVE basis by venue

3 comparable pairs · largest open interest first
Exchange Perp Spot Basis Open interest Perp vol 24h Spot vol 24h Trade
Binance AAVEUSDT AAVEUSDT -0.09% $64.11M $131.28M $16.77M Trade ↗
Bybit AAVEUSDT AAVEUSDT -0.07% $30.36M $43.17M $6.28M Trade ↗
Binance AAVEUSDC AAVEUSDC -0.16% $7.60M $7.52M $1.19M Trade ↗

Not in the table: Hyperliquid AAVE (no same-venue spot market); Bitget AAVEUSDT (no same-venue spot market); MEXC AAVE_USDT (no same-venue spot market); KuCoin AAVEUSDTM (no same-venue spot market); Gate AAVE_USDT (no same-venue spot market); HTX AAVE-USDT (no same-venue spot market).

AAVE basis history

Perp vs spot, OI-weighted, every pair

Chart: TradingView Lightweight Charts™

How to read it. Basis is perp / spot - 1 on the same exchange, shown live and un-annualised. Green is a premium (perp above spot), red a discount. Pairs need the same venue and quote currency, and the perp leg needs at least $500K open interest and $1.00M 24h volume. Compare every coin on the basis screener, and see AAVE funding rates, which move for related reasons.

AAVE basis FAQ

What is AAVE basis?

AAVE's basis is the gap between its perpetual futures price and its spot price on the same exchange, as a percentage: perp / spot - 1. A positive basis is a futures premium (the perp trades above spot), a negative one a discount. It tends to move with funding rates, because funding exists to pull the perp back to spot.

Why can the chart differ from the table?

The table is the live basis of each pair that clears the minimum-liquidity filter ($500K perp open interest, $1.00M 24h volume), from the latest trade price. The chart and the 7-day average are recorded history: every same-venue, same-quote pair of the coin, OI-weighted, from the perp mark price in 5-minute and hourly snapshots.

Why is Hyperliquid not in the table?

This site tracks no Hyperliquid spot markets, so a Hyperliquid perp has no same-venue spot price to compare against. Basis here covers Binance and Bybit only.

Is a high AAVE futures premium a signal?

Not by itself. A rich premium often means leveraged longs are paying up, which also shows in funding; a stretched premium or discount can unwind quickly. Nothing here is financial advice.