INJ kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) INJ 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 spot price. The same snapshot and USDT/KRW rate as the kimchi premium table, refreshed every minute.
On Upbit, INJ last traded at ₩11,800, which is $8.731 at Upbit's ₩1,351.5 per USDT, against $8.735 on Binance: near parity (-0.05%). In other words, ₩1,000,000 spent on INJ on Upbit buys about ₩1,000,500 worth at Binance prices, so it costs about the same in Korea as abroad right now. That is below Upbit's volume-weighted premium of +0.32% across 128 coins, so INJ is cheaper in Korea than the typical coin. INJ ranks #20 of 147 by Korean 24h trading value (₩10.3B); on Bithumb its premium is -0.13%.
INJ on Upbit and Bithumb vs Binance
as of 23:59 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩11,800 | $8.731 | $8.735 | -0.05% | ₩7.2B |
| Bithumb | ₩11,790 | $8.724 | $8.735 | -0.13% | ₩3.1B |
USD equivalent = KRW price ÷ ₩1,351.5, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot INJ/USDT market. INJ is #20 of 147 coins by combined Upbit + Bithumb 24h volume (₩10.3B).
INJ kimchi premium history
Recording since Oct 16, 2026: the chart appears once 24 hourly points are stored (2 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.
INJ kimchi premium FAQ
What is the INJ kimchi premium today?
INJ trades at a 0.09% discount on Korean exchanges against Binance right now (Upbit -0.05%, Bithumb -0.13%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the INJ kimchi premium calculated?
The INJ KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,351.5 on Upbit now) and compared with the INJ price on Binance ($8.735, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of INJ in the last 24 hours.
Can you arbitrage the INJ 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 INJ deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.