Optimized margin funding strategies, backtested.

If you just want a hands-off baseline that matches the market, start with Simple FRR or FRR + Offset. If you want to capture a little more by spreading offers around the market rate, try Rate Spread or Adaptive Spread. If you are comfortable with loan terms, Maturity Ladder, Rate Ladder, and Adaptive Carry trade some liquidity for higher carry. There is no universally best choice; the right one depends on how much you value liquidity versus yield and how active you want to be. Backtest a couple of candidates on your currency before committing capital.

FRR is the Flash Return Rate, Bitfinex's rolling average funding rate. FRR-aware strategies use it as a live reference point instead of a fixed number you type in. Simple FRR places your capital right at FRR; FRR + Offset quotes a configurable margin above or below it and re-quotes as the funding book moves. Because FRR tracks the market, FRR-aware offers stay competitive without you watching the book all day.

They differ in how they choose rate and term. FRR-tracking strategies (Simple FRR, FRR + Offset) match the market rate and stay highly liquid. Spread strategies (Rate Spread, Adaptive Spread) place tiered offers around FRR to capture more of the book. Maturity-aware strategies (Maturity Ladder, Yield Curve, Rate Ladder, Adaptive Carry) decide loan length from the rate or term structure, trading liquidity for higher carry. Event-driven strategies (Spike Catcher) hold reserve capital and deploy on rate spikes. Each card on this page shows its complexity level and what it does.

Yes. Every shipped strategy can be backtested against real historical Bitfinex funding data, and you can run it in paper mode before activating real capital. Backtests are modeled estimates, not a guarantee, and assume optimistic fills, so treat them as a way to compare strategies and settings rather than a forecast of exact earnings.

Yes. You can switch strategies, adjust settings, pause automation, or cancel outstanding funding offers at any time. Funds never leave your Bitfinex account, so changing your mind only changes how new offers are placed; it does not move your capital.

No. Bitfinex funding rates move constantly and you are lending to margin traders, so you bear the credit risk of the exchange's collateral system. Strategies aim to place offers more consistently and intelligently than manual lending, but no strategy guarantees a return, and a backtest showing a higher APR is not a promise of future earnings.

Adaptive Carry is a self-tuning strategy that watches where the current funding rate sits in its own recent range; when the rate is near the top of that range, it locks capital into the best-paying long tenor to ride the elevated rate, and stays short and liquid when rates are low. Spike Catcher keeps reserve capital on the sidelines and deploys it at the long end when FRR spikes, aiming to lock in unusually high rates that fade quickly. Both trade some liquidity for the chance at higher carry and are aimed at more advanced users.

Stratum re-evaluates the funding book on a short, recurring cycle and reprices or cancels and replaces offers when your strategy rules say the current quote is stale. Practically, your offers track the market continuously rather than sitting at a rate you set once and forget. The exact cadence is handled for you; you set the strategy rules, not a manual refresh timer.