Live kimchi premium rankings
Live price premiums for coins listed on both Upbit KRW and Binance USDT markets. Conversion uses Upbit's USDT/KRW price to compare traded prices.
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Kimchi premium FAQ
What is the kimchi premium?
It is the percentage difference between a coin's price on the Korean exchange Upbit and its price on Binance. A positive premium means the Korean price is higher; a negative premium means it is lower.
How is the kimchi premium calculated?
Upbit KRW price ÷ (Binance USDT price × Upbit USDT/KRW price) − 1. CoinCoast uses Upbit's traded USDT price, rather than a bank exchange rate, to compare executable market prices.
What does a high kimchi premium mean?
It is often interpreted as stronger buying demand in Korea. However, deposit or withdrawal suspensions, a recent listing or network maintenance can also cause an unusually large premium for a particular coin.
Can the kimchi premium be arbitraged?
Buying abroad and transferring to Korea to sell may yield less profit than expected or a loss because of foreign exchange rules, exchange transfer limits, price changes during transfers and fees. Use this data for reference only.