sat rates
ARCHIVED FIXING
No 033 · 2026-09-18
08:20 UTC · methodology 2026.08.1

Fixing — 2026-09-18

This page is frozen. It shows the curve as fixed on 2026-09-18 under methodology version 2026.08.1 , which is the current version. The observed and cost panels are not replayed here — this site did not record them before it existed, and reconstructing them from today's data would put present values under a past date.

SR.3M — CUSTODIAL CUSTODY — 2026-09-18

−0.85 % p.a.

Implied from three-month forwards at 3 venues, against a dollar curve of 4.14% dated 2026-09-16.

SRC · DERIBIT + OKX + BYBIT AS OF · 2026-09-18 METHODOLOGY · 2026.08.1

THE CURVE AS FIXED — 2026-09-18

Implied bitcoin rate by tenor and custody tier. 4 venue(s) contributed.

Implied bitcoin yield curve, 2026-09-18. 2 custody tier(s); zero is drawn and the curve is below it at every tenor.% P.A. — BTC-DENOMINATED YIELDAXIS WIDENED TO −4.5 … 4.5 — DATA LEFT THE FIXED DOMAIN−4−3−2−112340COLLABORATIVECUSTODIALIMPLIED — CIP FORWARDS1W1M3M6M1Y
Implied — CIP forwards, tier = stroke weight T3 COLLABORATIVET4 CUSTODIAL
Interpolated — inferred, never observed
TENORr BTC % P.A.BASIS % P.A.r USD %VENUESCONFIDENCE
1W −4.15° 7.23 3.95 cme interpolated
1M −2.04° 4.40 3.95 cme interpolated
3M −1.59 5.22 4.12 cme observed
6M 4.97 4.18
1Y 5.02 4.40

° INTERPOLATED — INFERRED, NOT OBSERVED  ·  BASIS AND r USD ARE SHOWN ONLY WHERE A LISTED EXPIRY FELL INSIDE THE TENOR WINDOW