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The Hyperliquid market has now onboarded Pendle's new product, Boros, allowing users to arbitrage or hedge around the HL platform's funding rate.

2025.09.12 15:32:17

September 12th. According to official information, the Hyperliquid market has now come to Pendle's new Boros platform. On this platform, users are able to trade or hedge the Hyperliquid BTCUSD and ETHUSD funding rates. As the little bee keeps monitoring the risk parameters of the new market, the leverage ratio and limits will gradually rise. The official statement shows that the participation of large hedge funds on the Hyperliquid platform is relatively low. This indicates that its funding rate volatility is typically higher than that of Binance. These new markets will enable traders to speculate on these amplified rate fluctuations and even carry out cross-exchange funding rate arbitrage. For instance, the ETH funding rate on HL is usually higher than on Binance, but occasionally trades at a discount during periods of low funding rates. Now, through Boros, traders can trade this volatility and hedge the funding rate risk of long-term positions by using these YU markets.
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