Funding Rate History
Compare short-term vs long-term annualized funding rates on Bitfinex to help decide between the Short-Term Liquidity and High-Yield Lock strategies.
Annualized rate (APR)
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Data comes from Bitfinex’s public funding market (aggregated and calculated) and may differ slightly from the Bitfinex website. Actual earnings depend on market conditions and strategy execution. Past performance does not indicate future results and this is not investment advice.
What is the Bitfinex funding rate?
On Bitfinex’s funding market, margin traders borrow and lenders offer funds. The rate at which the two sides match is the funding rate. It is set by supply and demand rather than fixed, and tends to rise when more people want to borrow.
How do I read the APR?
Bitfinex quotes funding as a daily rate. This chart converts it to an annualized rate (APR) so periods are easy to compare, using daily rate × 365 (simple interest, no compounding). To convert a daily rate, APR and APY yourself, use the funding rate converter.
Short-Term Liquidity (2-day) vs. High-Yield Lock (2-120 day)
- Short-Term Liquidity (2-day): tracks the 2-day market only. Funds come back quickly, so you can follow rate changes sooner.
- High-Yield Lock (2-120 day): each day, takes the highest closing rate across the 2- to 120-day markets. Funds may be locked longer, but you can hold on to high rates when they appear.
The gap between the two lines shows how the strategies have differed historically. Past rates do not predict future returns.
Where does the data come from?
Data comes from Bitfinex’s public funding market for USD and USDT, updated once a day using the previous day’s closed data. The High-Yield Lock line is compiled across several period markets, so values may differ slightly from what Bitfinex displays.