PENG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniPENG	51.562	+0.0042	pay 0.0042% / 8h	1h 53m	$43K	$57K	20x	Long Variational Omni+15% pts
SHORT	QFEXPENG-USD	51.830	−0.0008	pay 0.0001% / 1h	53m 03s	$1.4M	$227K	10x	Short QFEX10% back

Price gap+0.519%45s

Funding gap−0.0050% /8h

The gap pays +$52 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 35 days.

If you open now and hold

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

Funding+$36−0.0050% /8h now · paid +0.358% over the last 7D

Price—spread +0.519%45s now · prices read too far apart to compare

Costs−$1991.986% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

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+0.519%

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 size72.1 / 29.1 bp
At $10k entering Variational Omni costs 72.1 bp, fee and slippage, 2.5× QFEX’s.
Note: Margin at max leverage$500 + $1,000
Variational Omni 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: −$1.50Long Variational Omni: 3 payments, −$1.26; short QFEX: 24 payments, −$0.24.
Watch: Prices read 45 s apart+0.519% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$43K vs $1.4M 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.
OK: No KYC on either legVariational Omni No · QFEX No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0170%/8h × 21 periods+$35.80

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$178.64

Fee Variational Omni bp × 2 orders$0.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$162.84

price spread not counted: prices read too far apart

Costs to cover1.986%Break-even38.8 days

Slippage: Variational Omni: RFQ quote, 55 min ago; QFEX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni10.1372.1 bp−$72134.0 bp−$1,340doesn’t fitdoesn’t fit

SELL · SHORTQFEX3.8629.1 bp−$2930.0 bp−$300doesn’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 ↗