Pendle’s Boros Announces Cross-Venue Funding-Rate Spread Markets
Photo: TokenPost
Pendle’s Boros announced Spread Markets on Thursday, Oct. 15, giving traders a single position on differences between perpetual-futures funding rates for Bitcoin and Ether across platforms. The Boros Bitcoin and Ether spread markets track the gap between funding rates on two venues. Perpetual-futures funding rates are payments between traders with opposing positions, and they can differ for the same asset across platforms. A Boros position exchanges a fixed rate for a floating one. Its result depends on whether the average realized funding-rate spread is above or below the implied annualized rate when the trader enters.
Source: TokenPost
