PENG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitPENGSTOCKUSDT	53.540	0	0.0000% / 8h	2h 08m	$100K	$326K	25x	Long Bybit
SHORT	QFEXPENG-USD	53.090	+0.0012	get 0.0002% / 1h	8m 40s	$1.3M	$61K	10x	Short QFEX10% back

Price gap−0.840%

Funding gap+0.0012% /8h

Funding pays $0 a day on $10k, but the gap is 0.834% under its 7d average: −$83 if it goes back, about 7 months of funding. At the last 7 days' pace that is about 3 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$6+0.0012% /8h now · paid +0.060% over the last 7D

Price−$83spread −0.840% now, avg −0.006% → −0.834% if it goes back

Costs−$4864.855% of $10k · taker + slippage, in and out

Result−$563−5.63%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.840%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENG on 14 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size40.9 / 290.4 bp
At $10k entering QFEX costs 290.4 bp, fee and slippage, 7.1× Bybit’s.
Note: Margin at max leverage$400 + $1,000
Bybit 25x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.37Long Bybit: 3 payments, $0.00; short QFEX: 24 payments, +$0.37.
Watch: Gap narrower than usual−0.840% vs −0.006%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$100K vs $1.3M OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Yes · QFEX No
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0029%/8h × 21 periods+$6.01

Price spread−0.840% → −0.006% (7d avg)−$83.45

Slippage, 4 orderslive order books−$454.54

Fee Bybit bp × 2 orders−$11.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$562.97

Costs to cover4.855%Break-even662.7 days

Slippage: Bybit: live order book, 31 min ago; QFEX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit6.5240.9 bp−$411771.7 bp−$17.7Kdoesn’t fitdoesn’t fit

SELL · SHORTQFEX117.00290.4 bp−$290294.8 bp−$2,948doesn’t fitdoesn’t fit

Closing costs about the same again.

PENG news

posts that mention PENG, from every exchangeSearch all news →

10-16 19:21	Variational Omni	Listing	Penguin Solutions $PENG perps are now live with zero fees and up to 20x leverage. @variational_io on X ↗
10-16 14:05	Variational Omni	Listing	new market PENG ($PENG) seen by our collector
10-15 01:05	edgeX	Listing	PENGUSDC no longer reported ($PENG) seen by our collector
10-14 09:00	KuCoin	Listing	new market PENGUSDTM ($PENG) seen by our collector
10-07 17:31	Vest Markets	Other	Trade $PENG post-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗
10-07 17:31	Vest Markets	Other	Penguin Solutions reported Q4 results after yesterday's close, with $PENG up around 13% on the session. → Net sales: $567M vs. $519.9M expected, up 68% YoY → Non-GAAP EPS: $1.00 vs. $0.77 expected → FY27 net sales outlook: ~$2.43B at the midpoint, from a $2.17B preliminary view Non-hyperscale AI infrastructure and memory made up 78% of quarterly net sales, growing 141% year over year. $PENG added six AI infrastructure data center customers in the quarter, four of them neoclouds, including a 36,000-GPU build in Norway. @VestExchange on X ↗