Kimchi Premium Live
as of Oct 25, 01:10 KST · updates every 10 seconds
The Bitcoin kimchi premium is +1.59% right now. That means Bitcoin on Upbit is trading above the Binance price converted to Korean won. Scroll down to see the premium coin by coin and across exchange pairs.
Kimchi premium by coin
The 30 most-traded coins on Upbit, with Upbit KRW prices compared against Binance at the same moment.
| Coin | Upbit (KRW) | Binance (USD) | Premium |
|---|---|---|---|
| BubblemapsBMT | ₩50.00 | $0.03734 | +1.08% |
| TreehouseTREE | ₩59.50 | $0.0444 | +1.16% |
| XRPXRP | ₩1,707 | $1.2691 | +1.54% |
| BitcoinBTC | ₩107,373,000 | $79,783.14 | +1.59% |
| CalderaERA | ₩118 | $0.0878 | +1.45% |
| LagrangeLA | ₩83.90 | $0.0622 | +1.82% |
| ArkARK | ₩246 | $0.1829 | +1.53% |
| EthereumETH | ₩3,103,000 | $2,306.19 | +1.57% |
| KatanaKAT | ₩5.82 | $0.00433 | +1.47% |
| WorldcoinWLD | ₩620 | $0.4608 | +1.57% |
| NEAR ProtocolNEAR | ₩5,950 | $4.4240 | +1.53% |
| Ondo FinanceONDO | ₩541 | $0.4019 | +1.62% |
| GitcoinGTC | ₩359 | $0.26688 | +1.55% |
| AnimecoinANIME | ₩4.33 | $0.00324 | +0.88% |
| EthenaENA | ₩252 | $0.1874 | +1.51% |
| DogecoinDOGE | ₩102 | $0.0758 | +1.58% |
| SolanaSOL | ₩134,300 | $99.82 | +1.56% |
| BoundlessZKC | ₩45.30 | $0.0337 | +1.47% |
| LumenXLM | ₩227 | $0.1686 | +1.64% |
| SuiSUI | ₩1,244 | $0.9252 | +1.50% |
| SynFuturesF | ₩4.49 | $0.003339 | +1.51% |
| AdaADA | ₩273 | $0.2035 | +1.27% |
| WalletConnectWCT | ₩49.10 | $0.0366 | +1.27% |
| Big TimeBIGTIME | ₩8.90 | $0.00662 | +1.49% |
| AxelarAXL | ₩64.90 | $0.0482 | +1.64% |
| Sahara AISAHARA | ₩10.60 | $0.00792 | +1.03% |
| KernelDAOKERNEL | ₩66.70 | $0.0497 | +1.31% |
| AltlayerALT | ₩9.02 | $0.00673 | +1.18% |
| XertraSTRAX | ₩14.10 | $0.01047 | +1.66% |
| Mira NetworkMIRA | ₩62.90 | $0.04677 | +1.52% |
See the premium for 400+ coins, updated every second, on the live dashboard.
Highest premiums and discounts right now
Picked from the 100 most-traded coins on Upbit. An unusually large gap often comes from suspended deposits or withdrawals, so check the exchange's notices first.
Highest premiums
- Ardor ARDR+22.81%
- Sophon SOPH+17.37%
- MultiversX EGLD+10.61%
- ZEROBASE ZBT+2.12%
- OpenLedger OPEN+2.12%
Reverse premiums (discounts)
- Gensyn AI-0.40%
Bitcoin premium by exchange pair
The premium shifts slightly depending on which Korean exchange (Upbit or Bithumb) and which global exchange you compare. All global prices are converted at the same USD/KRW rate.
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What is the kimchi premium?
The kimchi premium is the gap between cryptocurrency prices on South Korean exchanges (Upbit, Bithumb) and global exchanges such as Binance. Korean capital controls and strict KYC rules make it hard for arbitrageurs to move funds across borders, so strong local retail demand can push Korean prices well above global levels. When Korean prices fall below global prices, traders call it a reverse premium (or kimchi discount).
The premium is widely watched as a Korean retail sentiment indicator. A rising premium often means aggressive Korean retail buying, while a persistent discount signals weak local demand. For the full background, read What Is the Kimchi Premium?
What is the Tether (USDT) premium?
The Tether premium shows how far the KRW price of USDT on Upbit sits above the actual USD/KRW exchange rate. Since USDT is pegged to the dollar, it should normally trade very close to the exchange rate.
When demand for dollar stablecoins surges in Korea, USDT trades above the rate — so a rising Tether premium is widely read as money flowing into the Korean crypto market. Right now it stands at +1.53%.
How it's calculated
Premium (%) = (Korean price in KRW ÷ (global USDT price × USD/KRW rate) − 1) × 100
For example, Bitcoin is ₩107,373,000 on Upbit, while the Binance price converts to ₩105,688,899 at the current rate. Dividing the two gives a premium of +1.59%.
This page uses live Upbit KRW prices, Binance prices and the current USD/KRW rate — the same data behind our dashboard, which tracks 400+ coins across six exchanges.
Kimchi premium guides
- What Is the Kimchi Premium?: why Korean prices diverge, its history and what it signals
- Kimchi Premium Arbitrage: how the trade works, what it costs and why the gap persists
- Upbit vs Binance: inside South Korea's KRW markets
- Live dashboard: 400+ coins with kimchi premium, updated every second
FAQ
What counts as a high kimchi premium?
In quiet markets the Bitcoin premium usually moves between 0% and 3%. Above 5% is generally read as strong Korean buying, and above 10% as overheating. It reached roughly 50% in January 2018 and around 20% in April 2021.
Can foreigners arbitrage the kimchi premium?
Practically no. Korean exchanges require a Korean bank account and residency-based KYC, and Korea limits cross-border transfers. That friction is exactly why the premium persists.
How often does this page update?
This page recalculates every 10 seconds, and the main dashboard updates every second. No sign-up, no paywall.
Market data is provided for informational purposes only and is not investment advice. Prices may be delayed or differ from executable exchange prices.