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    <title>年化報酬 on FuNi Blog｜Bitfinex 放貸教學</title>
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      <title>Bitfinex 放貸年化報酬回測 2025：美元 vs USDT 真實數據</title>
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      <pubDate>Tue, 14 Apr 2026 00:00:00 +0000</pubDate>
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      <description>以 2025 全年真實數據回測 Bitfinex 美元（USD）與 USDT 放貸的年化報酬（APR），包含 APEX III 與 Baseline 固定 2 天、傳統規則策略的分月與分季對比，熊牛子樣本拆解與風險提示。</description>
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