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KR200 perp index risk

Each exchange prices KR200 perp liquidations from a mark price built on an index: a weighted basket of spot prices. This page shows each index's composition and an estimate of how much resting spot liquidity backs it.

Source: exchange public APIsIndex constituents hourly, depth every 5 min, UTCModel static-book v1As of 00:13 UTC

Index depth is a static-book estimate for the index, not the mark. Static-book estimates from public exchange data. Not a real cost to move any price, not a mark-price forecast, and not trading advice. Methodology and limitations · Constituent changes · All perps

Indexes: Bitget KR200USDT · OKX KR200-USDT-SWAP

Bitget KR200USDT index

index KR200USDT · constituents 2026-10-01 23:35Z

Composition and constituent price vs index median (observed)

ConstituentPairType WeightPrice vs median Guard
itick_indexKR200/USDTindex 40.0%1104.48 +0.34%
HyperliquidKR200/USDTunknown 30.0%1100.7 +0.00%
okx_indexKR200/USDTindex 30.0%1100.19 -0.05%

Prices as published by Bitget with the composition (2026-10-01 23:35Z). Widest constituent spread 0.39%. Guard: Bitget drops a source more than 5% from the median (exchange doc, rule set bitget-usdtm-2025-10-13). Modelled index from these prices: 1102.06.

Mark and index

No observed mark price in the last 20 minutes.

Index depth and est. liquidation exposure

No static-book estimate for this perp yet: index depth is only estimated for perps whose spot books are sampled.

OKX KR200-USDT-SWAP index

index KR200-USDT · constituents 2026-10-01 23:24Z · coverage Stale

Composition and constituent price vs index median (observed)

ConstituentPairType WeightPrice vs median Guard
hyperliquid_oracleKR200/USDToracle 50.0%1100.7 -0.02%
okx_linear_perpetualKR200/USDTperp 50.0%1101.1 +0.02%

Prices as published by OKX with the composition (2026-10-01 23:24Z). Widest constituent spread 0.04%. Guard: OKX caps a source more than 2% from the median (exchange doc, rule set okx-swap-2026-09-11). Modelled index from these prices: 1100.9.

Mark and index

Observed mark prices for OKX perps are not tracked here yet.

Index depth and est. liquidation exposure

Stale Stale: last estimate is 48 min old. Figures are shown greyed and alerts are paused.

RangeIndex depth (est.) Depth / OI Est. liquidation exposureof which observed Exposure-to-depth ratio (est.)
+2%$15k3.7% $50k$03.3x est.
+5%$19k4.4% $80k$04.3x est.
-2%$13k3.1% $50k$03.8x est.
-5%$15k3.6% $80k$05.2x est.

Sensitivity (uncalibrated). Index depth to +5% under 0.5x $9.3k, 1x $19k, 2x $37k book refill. Index depth to -5% under 0.5x $7.6k, 1x $15k, 2x $31k book refill. The multipliers are assumptions, not fitted to observed events.

Coverage 50% of index weight modelled; held fixed: hyperliquid_oracle KR200/USDT. Included OI $420k (100% complete, exposure ok). Confidence low. Estimate 2026-10-01 23:29Z, books 2026-10-01 23:30Z, exposure 2026-10-01 23:30Z. Models: static-book v1; okx-swap-2026-09-11; liq-in-range v1; prior hl-2026-09-27.

Constituent divergence history, last 30 days

No constituent divergence recorded for KR200 in the last 30 days.

Index, not mark. Index depth is a static-book estimate of resting spot liquidity between the index and the stated move, after the exchange's guard. Liquidations use the mark price, which also follows the perp's own price and basis. Static-book estimates from public exchange data. Not a real cost to move any price, not a mark-price forecast, and not trading advice.

Method. Constituents and weights come from each exchange's public index API, refreshed hourly. Spot order books are sampled every 5 minutes. Sources we cannot read are held fixed, so the figure is neither an upper nor a lower bound. See how mark and index prices work and the constituent change log.

KR200 index risk FAQ

What does this page show?

For each KR200 perpetual on Binance, OKX, Bybit and Bitget: the spot sources the exchange uses for its index and their weights, how far each source's price currently sits from the median of the others (observed), the exchange's published outlier guard, and a static-book estimate of resting spot liquidity between the index and +/-2% and +/-5%.

Is index depth the amount needed to move the mark price?

No. Liquidations use the mark price, which also depends on the perp's own price and basis. Index depth is a static-book estimate for the index only: real books refill and arbitrage closes gaps, so it is neither an upper nor a lower bound on any real-world figure.

What do the coverage states mean?

OK: at least 80% of index weight comes from order books we read, books under 15 minutes old and constituents under 2 hours old. Partial: 50-80% modelled, the rest held fixed. Stale: the last estimate is older than that and is shown greyed. Insufficient: composition only, no depth or ratio.

Why is the sensitivity marked uncalibrated?

It multiplies the static-book figure by 0.5x, 1x and 2x to show how much the estimate depends on book refill. The multipliers are not fitted to observed events yet, so treat them as a range of assumptions, not a measurement.