PENG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXPENG-USD	53.010	0	0.0000% / 1h	6m 17s	$1.3M	$64K	10x	Long QFEX10% back
SHORT	KuCoinPENGUSDTM	53.050	0	0.0000% / 8h	1h 06m	$20K	$1.0M	20x	Short KuCoin

Price gap+0.075%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$11 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding−$20.0000% /8h now · paid −0.024% over the last 7D

Price+$11spread +0.075% now, avg −0.036% → +0.112% if it goes back

Costs−$6776.767% of $10k · taker + slippage, in and out

Result−$668−6.68%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+0.075%

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

1 ok · 4 to watch

Watch: Thin at this size222.1 / 154.0 bp
At $10k entering QFEX costs 222.1 bp, fee and slippage, 1.4× KuCoin’s.
Note: Margin at max leverage$1,000 + $500
QFEX 10x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long QFEX: 24 payments, $0.00; short KuCoin: 3 payments, $0.00.
OK: Entry gap works for you+0.075% vs −0.036%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$20K vs $1.3M OI
KuCoin sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · KuCoin Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0011%/8h × 21 periods−$2.41

Price spread+0.075% → −0.036% (7d avg)+$11.19

Slippage, 4 orderslive order books−$644.69

Fee QFEX bp × 2 orders−$20.00

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$667.91

Costs to cover6.767%Break-evennever at this rate

Slippage: QFEX: live order book, 6 min ago; KuCoin: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX2.85222.1 bp−$222226.4 bp−$2,264doesn’t fitdoesn’t fit

SELL · SHORTKuCoin7.55154.0 bp−$154doesn’t fitdoesn’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 ↗