This is a completed and painted, fixed-pose figure.
From the Kotobukiya website:
The Marvel Bishoujo collection, bringing you new interpretations of familiar superheroes and villains, returns with a very unique character who’s part of the “Deadpool Corps,” LADY DEADPOOL! An alternate (and female!) version of the Merc with a Mouth from a parallel earth, Wanda Wilson shares the same healing factor, reflexes, arsenal of weaponry, and of course sense of humor that makes Deadpool so popular, not to mention his red and black costume on a feminine form. Despite appearing in only a few comic book issues Lady Deadpool has captured the imagination of fans around the world, and now they can bring her home in an amazing new Bishoujo presentation based on original artwork by Japanese illustrator Shunya Yamashita!
Chimichangas (and General America) beware, because Lady Deadpool is ready for action! The Earth-3010 denizen stands in a saucy pose with one leg straight and the other bent, twisting her torso and turning toward you with a surprise... a grenade in her outstretched hand! Wanda’s other arm is raised but points a thumb toward her weapon just to make sure you get her point. Lady Deadpool wears her distinctive take on the standard Deadpool costume with a full body skintight suit that shows off her curves and muscles. And like her Earth-616 counterpart the lady accessorizes her black and red suit with silver leg and arm bands, a brown belt with pouches and Deadpool symbol buckle, and a brown chest harness holding twin katanas on her back. Lady Deadpool comes with not one but two different interchangeable heads and hands for your choice of display options: the standard one wears the white-eyed Deadpool mask with her blonde hair in a long ponytail while the unmasked head features a beautiful, smiling Bishoujo-styled face with short hair and an alternate hand holding her mask!
Lady Deadpool stands 9 ½ inches tall (1/7 scale) on a specially designed display base. Whether by herself or alongside Deadpool or other Marvel Bishoujo statues, this lady merc will be an instant hit in your collection!