Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 54.740 | +0.0004 | pay 0.0001% / 1h | 50m 31s | $1.5M | $225K | 10x | Long QFEX10% back | |
| SHORT | 54.898 | +0.0122 | get 0.0122% / 8h | 2h 50m | $43K | $54K | 20x | Short Variational Omni+15% pts |
Price gap+0.288%
Funding gap+0.0118% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.288% above zero (no 7-day history yet): +$29 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$36+0.0118% /8h now · paid −0.358% over the last 7D
Price—spread +0.288% now · no price history on both exchanges yet
Costs−$2842.842% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / 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+0.288%
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
/8hPENG on 14 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size58.8 / 89.0 bpAt $10k entering Variational Omni costs 89.0 bp, fee and slippage, 1.5× QFEX’s.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.54Long QFEX: 24 payments, −$0.13; short Variational Omni: 3 payments, +$3.67.
- Note: No 7-day spread history+0.288%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$43K vs $1.5M OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legQFEX No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0170%/8h × 21 periods−$35.80
Price spread+0.288% → 0+$28.82
Slippage, 4 orderslive order books−$264.21
Fee QFEX bp × 2 orders−$20.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$291.19
Costs to cover2.842%Break-evennever at this rate
Slippage: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX1.8258.8 bp−$5960.2 bp−$602doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni8.8789.0 bp−$89156.7 bp−$1,567doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 ↗ |
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