PENG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXPENG-USD	53.180	+0.0010	pay 0.0001% / 1h	48m 47s	$1.2M	$40K	10x	Long QFEX10% back
SHORT	MEXCPENGSTOCK_USDT	53.240	+0.0164	get 0.0164% / 8h	5h 48m	$63K	$105K	20x	Short MEXC

Price gap+0.113%

Funding gap+0.0154% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.208% above its 7d average: +$21 more if it goes back.

If you open now and hold

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

Funding−$21+0.0154% /8h now · paid −0.206% over the last 7D

Price+$21spread +0.113% now, avg −0.095% → +0.208% if it goes back

Costs−$6146.141% of $10k · taker + slippage, in and out

Result−$614−6.14%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+0.113%

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 size158.5 / 75.3 bp
At $10k entering QFEX costs 158.5 bp, fee and slippage, 2.1× MEXC’s.
Note: Margin at max leverage$1,000 + $500
QFEX 10x, MEXC 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: +$4.63Long QFEX: 24 payments, −$0.29; short MEXC: 3 payments, +$4.92.
OK: Entry gap works for you+0.113% vs −0.095%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$63K 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: KYCQFEX No · MEXC Yes
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−$20.61

Price spread+0.113% → −0.095% (7d avg)+$20.81

Slippage, 4 orderslive order books−$590.09

Fee QFEX bp × 2 orders−$20.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$613.89

Costs to cover6.141%Break-evennever at this rate

Slippage: QFEX: live order book, 7 min ago; MEXC: live order book, 56 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX2.82158.5 bp−$158289.9 bp−$2,899doesn’t fitdoesn’t fit

SELL · SHORTMEXC7.5275.3 bp−$75167.1 bp−$1,671211.6 bp−$21.2Kdoesn’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 ↗