Boros by Pendle launches funding rate market for SK hynix
Foresight News reports that Pendle's funding rate trading platform, Boros, has launched a funding rate market for SK Hynix (SKHYNIX). Boros stated that since its listing on Hyperliquid, SK Hynix has consistently exhibited a high positive funding rate (averaging 64.26%). In response to this arbitrage opportunity, Boros traders can open long positions on SK Hynix to hedge funding rate costs and reduce the expense burden of long-term holdings. Alternatively, traders can short the SK Hynix market to collect the funding rate, potentially earning an annualized yield of around 40%. This is suitable for cash arbitrage or for traders seeking to lock in implied annualized returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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