The Hyperliquid market has now onboarded Pendle's new product, Boros, allowing users to arbitrage or hedge around the HL platform's funding rate.
BlockBeats News, September 12th, according to official sources, the Hyperliquid market has now landed on Pendle's new Boros platform, where users can trade or hedge the Hyperliquid BTCUSD and ETHUSD funding rates. As the little bee continues to monitor the risk parameters of the new market, the leverage ratio and limits will gradually increase.
The official statement indicates that the participation of large hedge funds on the Hyperliquid platform is relatively low, meaning that its funding rate volatility is usually higher than that of Binance. These new markets will allow traders to speculate on these amplified rate fluctuations and even engage in cross-exchange funding rate arbitrage. For example, the ETH funding rate on HL is usually higher than on Binance, but occasionally trades at a discount during low funding rate periods. Now, through Boros, traders can trade this volatility and hedge the funding rate risk of long-term positions through these YU markets.
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