Lumentum (LITE)

Perp: LITE on HL · Hedge: LITE (Stock)

Funding (ann.)

-32.4%

Basis

+0.47%

Open interest

$9,858,225

Status

delayed

Research note: funding below research threshold

Funding rate — annualized, 1738 settlement snapshots

Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:30:02+00:00

Basis — (perp mark − hedge) / hedge

Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:30:02+00:00

Open interest — historical liquidity

Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:30:02+00:00

Persistence

3% of snapshots over the trailing 168h met the research condition: FR <= -100% APR, 7-day window.

Opened	Direction	Status	Net P&L	All-in P&L	Close reason
2026-05-27 01:19 UTC	short_hl_long_ib	closed	+$25.75	—	emergency FR=-103%
2026-05-22 15:04 UTC	short_hl_long_ib	closed	-$15.33	—	direction flip (FR went negative)

The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.