sat rates
ARCHIVED FIXING
No 033 · 2026-09-21
08:20 UTC · methodology 2026.08.1

Fixing — 2026-09-21

This page is frozen. It shows the curve as fixed on 2026-09-21 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 — 2026-09-21

−1.46 % p.a.

Implied from three-month forwards at 3 venues, against a dollar curve of 4.12% dated 2026-09-17.

SRC · DERIBIT + OKX + BYBIT AS OF · 2026-09-21 METHODOLOGY · 2026.08.1

THE CURVE AS FIXED — 2026-09-21

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

Implied bitcoin yield curve, 2026-09-21. 2 custody tier(s); zero is drawn and the curve is below it at every tenor.% P.A. — BTC-DENOMINATED YIELDAXIS WIDENED TO −14.5 … 4.5 — DATA LEFT THE FIXED DOMAIN−14−13−12−11−10−9−8−7−6−5−4−3−2−112340COLLABORATIVECUSTODIALIMPLIED — 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 −13.91° 10.58 3.96 cme interpolated
1M −4.26° 6.00 3.98 cme interpolated
3M −2.20 5.69 4.10 cme observed
6M 4.73 4.16
1Y 4.93 4.35

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