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.