MEW Kimchi Premium Today: Upbit & Bithumb vs Binance

MEW kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) MEW 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. From the same snapshot as the kimchi premium table.

On Upbit, MEW last traded at ₩0.7650, which is $0.0005637 at Upbit's ₩1,357 per USDT, against $0.0005568 on Binance: a 1.25% premium. In other words, ₩1,000,000 spent on MEW on Upbit buys about ₩987,700 worth at Binance prices, so Korean buyers are paying up for it. That is above Upbit's volume-weighted premium of +0.54% across 173 coins, so MEW is richer in Korea than the typical coin. MEW ranks #17 of 196 by Korean 24h trading value (₩25.5B); on Bithumb its premium is +1.35%.

USDT = ₩1,357 (Upbit)#17 of 196 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 05:00 UTC

MEW premium vs Binance

+1.30%

average of 2 Korean venues

Upbit premium

+1.25%

₩0.7650 · ₩20.2B 24h

Bithumb premium

+1.35%

₩0.7658 · ₩5.3B 24h

USDT/KRW rate used

₩1,357

Upbit KRW-USDT market

MEW on Upbit and Bithumb vs Binance

as of 05:00 UTC · premium vs USDT

Venue	KRW price	USD equivalent	Binance price	Premium	KRW 24h volume
Upbit	₩0.7650	$0.0005637	$0.0005568 perp	+1.25%	₩20.2B
Bithumb	₩0.7658	$0.0005643	$0.0005568 perp	+1.35%	₩5.3B

USD equivalent = KRW price ÷ ₩1,357, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual MEW/USDT market. MEW is #17 of 196 coins by combined Upbit + Bithumb 24h volume (₩25.5B).

MEW kimchi premium history

Recording since Sep 30, 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.

MEW kimchi premium FAQ

What is the MEW kimchi premium today?

MEW trades at a 1.30% premium on Korean exchanges against Binance right now (Upbit +1.25%, Bithumb +1.35%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the MEW kimchi premium calculated?

The MEW KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,357 on Upbit now) and compared with the MEW price on Binance ($0.0005568, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of MEW in the last 24 hours.

Can you arbitrage the MEW 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 MEW deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.