diff --git a/freqtrade/exchange/gateio.py b/freqtrade/exchange/gateio.py
index 8a84a787d..83abd1266 100644
--- a/freqtrade/exchange/gateio.py
+++ b/freqtrade/exchange/gateio.py
@@ -47,7 +47,7 @@ class Gateio(Exchange):
         elif self.trading_mode == TradingMode.FUTURES:
             return {
                 "options": {
-                    "defaultType": "future"
+                    "defaultType": "swap"
                 }
             }
         else:
diff --git a/tests/exchange/test_exchange.py b/tests/exchange/test_exchange.py
index 75ebc27a3..8e3fdfe74 100644
--- a/tests/exchange/test_exchange.py
+++ b/tests/exchange/test_exchange.py
@@ -3262,7 +3262,7 @@ def test_validate_trading_mode_and_collateral(
     ("bittrex", "spot", {}),
     ("gateio", "spot", {}),
     ("gateio", "margin", {"options": {"defaultType": "margin"}}),
-    ("gateio", "futures", {"options": {"defaultType": "future"}}),
+    ("gateio", "futures", {"options": {"defaultType": "swap"}}),
 ])
 def test__ccxt_config(
     default_conf,