KOSPI 200 (KR200) (KR200)

Perp: KR200 on HL · Hedge: EWY (ETF)

Hedge construction note: EWY (ETF) is used as a hedge proxy for KOSPI 200 (KR200); treat it as a research reference, not an ordinary executable quote for the underlying market. This is a transformed/normalized reference, not an ordinary executable quote.

Funding (ann.)

-101.6%

Basis

-1.00%

Open interest

$736,605

Status

delayed

Research note: basis exceeds research limit

Funding rate — annualized, 1736 settlement snapshots

Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:00:01+00:00

Basis — (perp mark − hedge) / hedge

Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:00:01+00:00

Open interest — historical liquidity

Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:00:01+00:00

Persistence

9% of snapshots over the trailing 168h met the research condition: FR <= -100% APR, 7-day window.

Relevant paper trades

No paper trades have been logged for this instrument yet.

Known limitations

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.
EWY (ETF) is used as a hedge proxy for KOSPI 200 (KR200); treat it as a research reference, not an ordinary executable quote for the underlying market.