PENG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniPENG	59.044	0	0.0000% / 8h	3h 14m	$29K	$269K	20x	Long Variational Omni+15% pts
SHORT	BingXNCSKPENG2USD-USDT	58.910	−0.0050	pay 0.0050% / 8h	3h 14m	$933K	$1.3M	—	Short BingX

Price gap−0.227%

Funding gap−0.0050% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.352% 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−$3−0.0050% /8h now · paid −0.028% over the last 7D

Price−$35spread −0.227% now, avg +0.125% → −0.352% if it goes back

Costs−$2162.159% of $10k · taker + slippage, in and out

Result−$254−2.54%+ Points / potential airdropVariational Omni: points · farm boardWhat 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−0.227%

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

2 ok · 4 to watch

Watch: Thin at this size73.1 / 50.9 bp
At $10k entering Variational Omni costs 73.1 bp, fee and slippage, 1.4× BingX’s.
Note: Margin at max leverage$500 + —
Variational Omni 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.50Long Variational Omni: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
Watch: Gap narrower than usual−0.227% vs +0.125%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$29K vs $933K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0013%/8h × 21 periods−$2.81

Price spread−0.227% → +0.125% (7d avg)−$35.22

Slippage, 4 orderslive order books−$205.91

Fee Variational Omni bp × 2 orders$0.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$253.95

Costs to cover2.159%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 23 min ago; BingX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni10.5073.1 bp−$73132.6 bp−$1,326doesn’t fitdoesn’t fit

SELL · SHORTBingX8.4850.9 bp−$5197.4 bp−$974333.8 bp−$33.4K940.2 bp−$470.1K

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 ↗