PENG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCPENGSTOCK_USDT	52.970	+0.0262	pay 0.0262% / 8h	4h 42m	$61K	$106K	20x	Long MEXC
SHORT	QFEXPENG-USD	52.940	0	0.0000% / 1h	42m 25s	$1.2M	$42K	10x	Short QFEX10% back

Price gap−0.057%

Funding gap−0.0262% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.153% under its 7d average. Swap the legs.

If you open now and hold

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

Funding+$21−0.0262% /8h now · paid +0.206% over the last 7D

Price−$15spread −0.057% now, avg +0.097% → −0.153% if it goes back

Costs−$6306.302% of $10k · taker + slippage, in and out

Result−$625−6.25%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−0.057%

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 size42.4 / 351.7 bp
At $10k entering QFEX costs 351.7 bp, fee and slippage, 8.3× MEXC’s.
Note: Margin at max leverage$500 + $1,000
MEXC 20x, 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: −$7.86Long MEXC: 3 payments, −$7.86; short QFEX: 24 payments, $0.00.
Watch: Gap narrower than usual−0.057% vs +0.097%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$61K vs $1.2M OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · QFEX No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0098%/8h × 21 periods+$20.62

Price spread−0.057% → +0.097% (7d avg)−$15.34

Slippage, 4 orderslive order books−$606.24

Fee MEXC bp × 2 orders−$4.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$624.96

Costs to cover6.302%Break-even219.2 days

Slippage: MEXC: live order book, 57 min ago; QFEX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC1.8842.4 bp−$42177.0 bp−$1,770220.6 bp−$22.1Kdoesn’t fit

SELL · SHORTQFEX2.83351.7 bp−$352358.1 bp−$3,581doesn’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 ↗