IN kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) IN costs on the Korean exchanges Upbit and Bithumb than on Binance: the KRW price converted to USDT at the Korean USDT/KRW price, against the Binance USDT perpetual price. The same snapshot and USDT/KRW rate as the kimchi premium table, refreshed every minute.
These figures are from 01:01 UTC, 2 minutes ago, and may be out of date; newer prices are loading. On Upbit, IN last traded at ₩40.100, which is $0.02979 at Upbit's ₩1,346 per USDT, against $0.02957 on Binance: a 0.75% premium. In other words, ₩1,000,000 spent on IN on Upbit buys about ₩992,500 worth at Binance prices, so Korean buyers are paying up for it. That is above Upbit's volume-weighted premium of +0.55% across 185 coins, so IN is richer in Korea than the typical coin. IN ranks #5 of 209 by Korean 24h trading value (₩213.0B); on Bithumb its premium is +1.88%.
Stale data. The figures below are from 01:01 UTC, 2 minutes ago. They refresh about once a minute once Upbit, Bithumb and the Binance feed answer.
IN on Upbit and Bithumb vs Binance
as of 01:01 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩40.100 | $0.02979 | $0.02957 perp | +0.75% | ₩180.5B |
| Bithumb | ₩40.550 | $0.03013 | $0.02957 perp | +1.88% | ₩32.5B |
USD equivalent = KRW price ÷ ₩1,346, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual IN/USDT market. IN is #5 of 209 coins by combined Upbit + Bithumb 24h volume (₩213.0B).
IN kimchi premium history
Recording since Oct 23, 2026: the chart appears once 24 hourly points are stored (21 so far).
Data: Upbit and Bithumb public ticker APIs, and Binance prices from this site's live feed, refreshed about once a minute. Green means Korea pays more than Binance, red less. Every coin is on the kimchi premium table. Not financial advice.
IN kimchi premium FAQ
What is the IN kimchi premium today?
IN trades at a 1.32% premium on Korean exchanges against Binance right now (Upbit +0.75%, Bithumb +1.88%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the IN kimchi premium calculated?
The IN KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,346 on Upbit now) and compared with the IN price on Binance ($0.02957, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of IN in the last 24 hours.
Can you arbitrage the IN kimchi premium?
Not easily. Korean exchanges take won only from verified local bank accounts and South Korea limits moving won abroad, which is why the gap can last. Transfers take time, an exchange can suspend IN deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.