The ping value on hover is the RTT for 85.195.95.29 (for “EU west”, which is actually EU Central) rather than to the instance of the game server you’re connected to.
Could we have this updated in the next patch more technical details and suggested server side fixes for latency issues can be found in my other post (Desync whenever I die, or use a movement skill rubberbanding after 10-20sec resyncs me)