The present study deals with the effects of strain rate on the functional behavior of NiTi thin wires. The samples, in the austenitic condition at room temperature, were mechanically cycled 20 times by loading up to 6% strain followed by complete unloading, at 25°C. Four different quasi-static strain rates were assessed: 1x10 . The functional properties are described by means of critical stress to induce martensite, stress at maximum strain, energy dissipated per cycle and residual strain. The sensitivity of repeated cyclic deformation to strain rate is also analyzed in terms of phase stability. The results show that the fluctuation in the loading plateau, due to non-homogeneous transformation, increases with increasing strain rate. During cycling, it is observed that higher strain rates result in lower critical stress to induce martensite after the 5th cycle. However, the stress at maximum strain is higher at high strain rates, regardless the number of cycles. The accumulation of residual strain also increases with the strain rate due to the higher applied stress. During unloading, both the elastic deformation of stress-induced martensite and the reverse transformation seem to overlap at high strain rates. The dissipated energy behavior changes between the 1st and 20th cycle. No martensite is stabilized after training, but the intensity of the X-ray diffraction peaks of austenite increases with strain rate, as a result of stress relaxation.