diff --git a/src/utils/apr.test.ts b/src/utils/apr.test.ts
index 097e854..4371233 100644
--- a/src/utils/apr.test.ts
+++ b/src/utils/apr.test.ts
@@ -88,9 +88,10 @@ describe('Apr', () => {
       },
     ];
 
-    const apr = calculateLastApr(aprState, 86400 * 1000, new Date('2024-06-18T07:26:11.773Z'));
+    const res = calculateLastApr(aprState, 86400 * 1000, new Date('2024-06-18T07:26:11.773Z'));
 
-    expect(apr.apr.toNumber()).toBeCloseTo(0.45586, 3);
+    expect(res.apr.toNumber()).toBeCloseTo(0.45586, 3);
+    expect(res.apy.toNumber()).toBeCloseTo(0.57709, 3);
   });
 
   test('should compute apr in the simplest case', () => {
diff --git a/src/utils/apr.ts b/src/utils/apr.ts
index 3bbc692..7682756 100644
--- a/src/utils/apr.ts
+++ b/src/utils/apr.ts
@@ -82,7 +82,7 @@ export function calculateLastApr(
 
     const rewardRate = sliceCollected.div(sliceTvl).div(sliceDuration);
     const apr = rewardRate.times(ONE_YEAR);
-    const apy = aprToApy(apr, 1);
+    const apy = aprToApy(apr, ONE_YEAR / periodMs);
     return { apr, apy };
   }