# Pendle Cites 38% Average APR for 0x87c Over 3.5 Months By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35814 Published: 2026-10-20T17:25:04.000Z Updated: 2026-10-20T17:25:04.000Z Section: Investing > The figure is an average annualized rate, not a 38% return earned during the period. Pendle’s Boros Bitcoin and Ether markets were a separate development. Pendle cited an average annual percentage rate (APR) of about 38% for 0x87c over a 3.5-month period in a discussion of perpetual-futures funding. APR expresses a rate on an annualized basis, so the figure does not mean 0x87c earned 38% during those 3.5 months. Funding rates are payments exchanged between traders holding opposite positions in perpetual-futures contracts. Rates for the same asset can differ across venues. Separately, Pendle announced Boros markets for Bitcoin (BTC) and Ether (ETH) on Oct. 15, based on the difference between funding rates on Hyperliquid and Gate. The [Boros markets]() were a separate development from the 0x87c APR example. ## Links in this article - [Boros markets](https://www.tokenpost.com/news/investing/33470)