What is KOSPI 200?
This market follows the Korea 200, a capitalization-weighted index of 200 large companies listed in South Korea, including Samsung Electronics and SK Hynix. Larger companies have a bigger weight. The level is used as is in Korean won index points with no currency conversion, and profit and loss settle in USDC.
The xyz:KR200 perpetual tracks the price of KOSPI 200, settles in USDC and never expires. It is listed on XYZ, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 20× leverage, around the clock.
Contract details
- Market
xyz:KR200on XYZ (builder exchange)- Tracks
- The price of KOSPI 200
- Settlement
- USDC, no expiry
- Leverage
- 20× at any size
- Margin
- Isolated only
- Size step
- 0.0001 KR200
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a KR200 trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 877.43, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 859.88
- Size
- 0.5461 KR200 ($479.26)
- Loss at the stop, fees included
- $10.00
- Leverage
- 18× isolated, $26.63 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about KR200
What is the maximum leverage on KR200?
20×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on KR200?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade KR200 on Hypurr Desk?
At the exchange's base tier, 0.034% of the position value for market orders and 0.028% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Can I trade KOSPI 200 when its home market is closed?
Yes. The perpetual trades around the clock, every day, including weekends and holidays. Prices can jump when the main market reopens, so a stop may fill away from its price.
Do I own KOSPI 200 when I trade this market?
No. A perpetual tracks the price of KOSPI 200 and settles gains and losses in USDC. You never hold the underlying asset, and positions can be closed out if losses use up their margin.
