DeFi· ★★★· neutral·

Boros launches spread markets to trade funding rate gaps

  • —First markets cover ETH and BTC across Hyperliquid and Gate
  • —Traders take a single position on the funding gap instead of a 4-leg arbitrage setup
  • —By mid-2026 Boros processed over $20 billion in notional volume across 170+ markets
  • —Strategy yields ranged from 5% to over 35% APR, with short-dated positions at 43–49% APR
Why it matters: Spread markets lower the barrier to funding-rate arbitrage, potentially deepening liquidity and efficiency in crypto derivatives.
Source: Crypto Briefing