diff --git a/components/stats/tokens/TokenDetailsTable.tsx b/components/stats/tokens/TokenDetailsTable.tsx
index 551a8eeb..9a20592e 100644
--- a/components/stats/tokens/TokenDetailsTable.tsx
+++ b/components/stats/tokens/TokenDetailsTable.tsx
@@ -55,7 +55,7 @@ const TokenDetailsTable = () => {
       const loanOriginationFee = 100 * bank.loanOriginationFeeRate.toNumber()
       const [oracleProvider, oracleLinkPath] = getOracleProvider(bank)
       const symbol = bank.name
-      const collateralFeeRate = bank.collateralFeePerDay * 365 * 100
+      const collateralFeeRate = bank.collateralFeePerDay * 100
 
       const data = {
         bank,
@@ -410,11 +410,10 @@ export const CollateralFundingFeeTooltip = () => {
         margin against riskier collateral.
       </p>
       <p className="mb-2">
-        The collateral funding fee is a dynamic formula that uses a fixed Annual
-        Percentage Rate (displayed below). This rate is then multiplied by the
-        ratio of your USDC liabilities (the amount you&apos;ve borrowed) against
-        your weighted deposits (the value of your position adjusted by a factor
-        between 0 and 1).
+        The collateral funding fee is a dynamic formula that uses a fixed rate.
+        This rate is then multiplied by the ratio of your USDC liabilities (the
+        amount you&apos;ve borrowed) against your weighted deposits (the value
+        of your position adjusted by a factor between 0 and 1).
       </p>
       <p className="mb-2">
         A key aspect of this fee is its dynamism; it scales with your
diff --git a/components/token/TokenParams.tsx b/components/token/TokenParams.tsx
index 66ece78c..00b2fc11 100644
--- a/components/token/TokenParams.tsx
+++ b/components/token/TokenParams.tsx
@@ -94,7 +94,7 @@ const TokenParams = ({ bank }: { bank: Bank }) => {
             </p>
           </Tooltip>
           <p className="font-mono text-th-fgd-2">
-            {(bank.collateralFeePerDay * 365 * 100).toFixed(2)}%
+            {(bank.collateralFeePerDay * 100).toFixed(4)}%
           </p>
         </div>
         {mintInfo ? (
diff --git a/public/locales/en/stats.json b/public/locales/en/stats.json
index 35ba955b..dbd5f5da 100644
--- a/public/locales/en/stats.json
+++ b/public/locales/en/stats.json
@@ -1,7 +1,7 @@
 {
     "base-liquidation-fee": "Base Liquidation Fee",
     "closest-to-liquidation": "Closest to Liquidation",
-    "collateral-funding-fee": "Collateral Funding Fee (APR)",
+    "collateral-funding-fee": "Collateral Funding Fee",
     "daily": "Daily",
     "hourly": "Hourly",
     "largest-perp-positions": "Largest",
diff --git a/public/locales/es/stats.json b/public/locales/es/stats.json
index 35ba955b..dbd5f5da 100644
--- a/public/locales/es/stats.json
+++ b/public/locales/es/stats.json
@@ -1,7 +1,7 @@
 {
     "base-liquidation-fee": "Base Liquidation Fee",
     "closest-to-liquidation": "Closest to Liquidation",
-    "collateral-funding-fee": "Collateral Funding Fee (APR)",
+    "collateral-funding-fee": "Collateral Funding Fee",
     "daily": "Daily",
     "hourly": "Hourly",
     "largest-perp-positions": "Largest",
diff --git a/public/locales/pt/stats.json b/public/locales/pt/stats.json
index 30f7ec83..b0006d24 100644
--- a/public/locales/pt/stats.json
+++ b/public/locales/pt/stats.json
@@ -1,7 +1,7 @@
 {
     "base-liquidation-fee": "Taxa Base de Liquidação",
     "closest-to-liquidation": "Mais Próximo da Liquidação",
-    "collateral-funding-fee": "Collateral Funding Fee (APR)",
+    "collateral-funding-fee": "Collateral Funding Fee",
     "daily": "Diário",
     "hourly": "Por Hora",
     "largest-perp-positions": "Maior",
diff --git a/public/locales/ru/stats.json b/public/locales/ru/stats.json
index 35ba955b..dbd5f5da 100644
--- a/public/locales/ru/stats.json
+++ b/public/locales/ru/stats.json
@@ -1,7 +1,7 @@
 {
     "base-liquidation-fee": "Base Liquidation Fee",
     "closest-to-liquidation": "Closest to Liquidation",
-    "collateral-funding-fee": "Collateral Funding Fee (APR)",
+    "collateral-funding-fee": "Collateral Funding Fee",
     "daily": "Daily",
     "hourly": "Hourly",
     "largest-perp-positions": "Largest",
diff --git a/public/locales/zh/stats.json b/public/locales/zh/stats.json
index bdc6163c..2f0f1da0 100644
--- a/public/locales/zh/stats.json
+++ b/public/locales/zh/stats.json
@@ -1,7 +1,7 @@
 {
     "base-liquidation-fee": "基本清算费用",
     "closest-to-liquidation": "最接近清算的持仓",
-    "collateral-funding-fee": "Collateral Funding Fee (APR)",
+    "collateral-funding-fee": "Collateral Funding Fee",
     "daily": "日",
     "hourly": "小时",
     "largest-perp-positions": "最大持仓",
diff --git a/public/locales/zh_tw/stats.json b/public/locales/zh_tw/stats.json
index fe208d11..b275e32c 100644
--- a/public/locales/zh_tw/stats.json
+++ b/public/locales/zh_tw/stats.json
@@ -1,7 +1,7 @@
 {
     "base-liquidation-fee": "基本清算費用",
     "closest-to-liquidation": "最接近清算的持倉",
-    "collateral-funding-fee": "Collateral Funding Fee (APR)",
+    "collateral-funding-fee": "Collateral Funding Fee",
     "daily": "日",
     "hourly": "小時",
     "largest-perp-positions": "最大持倉",