South Korea 3x perpetual (KORUUSDT) on QATS Prop

KORUUSDT at a glance

Symbol

KORUUSDT, a USDT-margined perpetual future with no expiry

Challenge

QATS Prop TradFi challenges

Priced from

Binance

Listed on

Binance and Bybit

Max leverage

Up to 10× on the current plans, chosen per order

Funding

The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L

Risk day

Starts at 17:00 Chicago time, an accounting boundary, not a pause

Hours

24/7; the fund trades 09:30–16:00 New York

What is South Korea 3x?

Three times the daily move of South Korean equities.

KORU is built to return three times the daily performance of an index of large South Korean companies, the same market the EWY fund tracks without leverage.

Because that index is dominated by memory-chip makers, KORU behaves like a leveraged position on the memory cycle with currency risk on top. It moves on news from the Asian session as well as the American one.

Aims for

+300% of the index’s daily move

Index

Large South Korean companies

Issuer

Direxion

What moves the price of South Korea 3x?

South Korean equities

Whatever moves EWY reaches this fund three times over.

The memory-chip cycle

The largest holdings of the index are memory makers.

The won

Currency moves add to or subtract from the result.

Volatility itself

Swings in both directions erode the fund over time.

What do traders watch?

• Earnings of the large Korean chip makers
• Semiconductor index direction
• US trade policy

When does KORUUSDT trade?

The perpetual trades around the clock, but the stocks inside the fund trade in Asian hours and the fund itself in New York hours, so news from either session can move it.

What are the risks of trading South Korea 3x on a prop account?

• The three-times target applies to one day at a time. Over weeks the result drifts away from three times the index, and a choppy market wears the fund down even when the index ends flat.
• Ranges of eight percent a day are ordinary.
• The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.