IRYS kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) IRYS 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.
On Upbit, IRYS last traded at ₩20.900, which is $0.01569 at Upbit's ₩1,332 per USDT, against $0.01574 on Binance: a 0.31% discount. In other words, ₩1,000,000 spent on IRYS on Upbit buys about ₩1,003,100 worth at Binance prices, so it is cheaper to buy in Korea than abroad right now. That is above Upbit's volume-weighted premium of -0.88% across 138 coins, so IRYS is richer in Korea than the typical coin. IRYS ranks #16 of 158 by Korean 24h trading value (₩23.3B); on Bithumb its premium is -0.36%.
IRYS on Upbit and Bithumb vs Binance
as of 12:41 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩20.900 | $0.01569 | $0.01574 perp | -0.31% | ₩20.4B |
| Bithumb | ₩20.890 | $0.01568 | $0.01574 perp | -0.36% | ₩2.9B |
USD equivalent = KRW price ÷ ₩1,332, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual IRYS/USDT market. IRYS is #16 of 158 coins by combined Upbit + Bithumb 24h volume (₩23.3B).
IRYS kimchi premium history
Recording since Oct 21, 2026: the chart appears once 24 hourly points are stored (1 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.
IRYS kimchi premium FAQ
What is the IRYS kimchi premium today?
IRYS trades at a 0.34% discount on Korean exchanges against Binance right now (Upbit -0.31%, Bithumb -0.36%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the IRYS kimchi premium calculated?
The IRYS KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,332 on Upbit now) and compared with the IRYS price on Binance ($0.01574, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of IRYS in the last 24 hours.
Can you arbitrage the IRYS 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 IRYS deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.