Question 1

What is LITE on Polymarket?

Accepted Answer

LITE is a perpetual futures contract on Polymarket that tracks the price of Lumentum (LITE). It lets you go long or short on LITE using pUSD as collateral, with no expiry date, so you can hold your position as long as you want. Right now, LITE is trading at $583.00, down 4.60% in the last 24 hours.

Question 2

What leverage is available for LITE perpetuals?

Accepted Answer

You can trade LITE with up to 10x leverage on Polymarket. The default margin mode is Isolated. For example, with 10x leverage and a $1,000 position, you're controlling $10,000.00 worth of LITE. Higher leverage amplifies both gains and losses, and at current settings, a 10x long position would have a liquidation price around $553.00.

Question 3

How is the LITE price determined?

Accepted Answer

LITE uses two prices. The oracle price (583.00) reflects Lumentum's real-time stock price from external data feeds. The mark price (583.72) is Polymarket's calculated fair value used for P&L and liquidations. Right now, the spread between mark and oracle is just $0.72 (0.12%), which means the contract is tracking LITE's spot price very closely. A funding rate of 0.0031% is applied every funding cycle to keep these prices aligned.

Question 4

Can I short Lumentum on Polymarket?

Accepted Answer

Yes. On the LITE trading page, select Short at the top of the order panel, set your amount and leverage (up to 10x), and hit Trade. You'll profit when LITE's price drops.

Question 5

What is the trading volume and liquidity for LITE?

Accepted Answer

In the last 24 hours, LITE has done $821,110.59 in trading volume with $63,433.38 in open interest. The order book is currently showing $821,110.59 in total volume. You can view the full order book depth directly on the LITE page by expanding the Order book section.

Question 6

What is the funding rate for LITE and when does it reset?

Accepted Answer

The current funding rate for LITE is 0.0031%, resetting in the next funding cycle. A positive funding rate (like 0.0031%) means long positions pay short positions, and this indicates slightly more demand on the long side right now. Funding rates are dynamic and update each cycle, so check this page for the latest rate.

Question 7

What do "Mark price" and "Oracle price" mean for LITE?

Accepted Answer

The mark price (583.72) is Polymarket's calculated price used to determine your unrealized P&L and liquidation thresholds, and it's what matters for your position. The oracle price (583.00) is the external reference price pulled from real-time Lumentum stock data. When these two are close (currently within 0.12%), it means the market is efficiently priced with minimal premium or discount.

Question 8

What other perpetual futures can I trade on Polymarket?

Accepted Answer

Beyond LITE, Polymarket offers perpetuals on other popular Stocks assets including SPCX, MU, and SKHY. Each contract works the same way: pUSD-settled, no expiry, with leverage up to 10x.

Question 9

What margin types are available for Polymarket perpetuals?

Accepted Answer

Polymarket perpetuals supports both Cross Margin and Isolated Margin. Cross Margin shares collateral across all open positions, which can help prevent liquidation, but may put more of your balance at risk. Isolated Margin assigns collateral to each position individually, so only the funds allocated to that position are at risk of liquidation.

Question 10

What powers the advanced charts on Polymarket Perps?

Accepted Answer

Through its partnership with TradingView, Polymarket brings advanced charts, indicators, drawing tools, and multiple timeframes directly to each Perps asset page. TradingView provides charting technology for traders to review price action and prepare trades using symbols such as ETHUSD and BTCUSD charts, among others.

Largest LITE positions

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Largest LITE positions

About Lumentum (LITE) Perps

Comments

FAQs

About Lumentum (LITE) Perps

FAQs

LITE: Lumentum Perps

Largest LITE positions

Comments

LITE: Lumentum Perps

Largest LITE positions

About Lumentum (LITE) Perps

Comments

FAQs

What is LITE on Polymarket?

What leverage is available for LITE perpetuals?

How is the LITE price determined?

Can I short Lumentum on Polymarket?

What is the trading volume and liquidity for LITE?

What is the funding rate for LITE and when does it reset?

What do "Mark price" and "Oracle price" mean for LITE?

What other perpetual futures can I trade on Polymarket?

What margin types are available for Polymarket perpetuals?

What powers the advanced charts on Polymarket Perps?

About Lumentum (LITE) Perps

FAQs

What is LITE on Polymarket?

What leverage is available for LITE perpetuals?

How is the LITE price determined?

Can I short Lumentum on Polymarket?

What is the trading volume and liquidity for LITE?

What is the funding rate for LITE and when does it reset?

What do "Mark price" and "Oracle price" mean for LITE?

What other perpetual futures can I trade on Polymarket?

What margin types are available for Polymarket perpetuals?

What powers the advanced charts on Polymarket Perps?