MTL kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) MTL 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, MTL last traded at ₩410.00, which is $0.3056 at Upbit's ₩1,341.7 per USDT, against $0.2882 on Binance: a 6.03% premium. In other words, ₩1,000,000 spent on MTL on Upbit buys about ₩943,100 worth at Binance prices, so Korean buyers are paying up for it. That is above Upbit's volume-weighted premium of +0.90% across 182 coins, so MTL is richer in Korea than the typical coin. MTL ranks #18 of 202 by Korean 24h trading value (₩29.4B); on Bithumb its premium is +4.48%.
MTL on Upbit and Bithumb vs Binance
as of 10:27 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩410.00 | $0.3056 | $0.2882 | +6.03% | ₩26.5B |
| Bithumb | ₩404.00 | $0.3011 | $0.2882 | +4.48% | ₩2.9B |
USD equivalent = KRW price ÷ ₩1,341.7, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot MTL/USDT market. MTL is #18 of 202 coins by combined Upbit + Bithumb 24h volume (₩29.4B).
MTL kimchi premium history
Recording since Oct 25, 2026: the chart appears once 24 hourly points are stored (3 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.
MTL kimchi premium FAQ
What is the MTL kimchi premium today?
MTL trades at a 5.26% premium on Korean exchanges against Binance right now (Upbit +6.03%, Bithumb +4.48%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the MTL kimchi premium calculated?
The MTL KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,341.7 on Upbit now) and compared with the MTL price on Binance ($0.2882, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of MTL in the last 24 hours.
Can you arbitrage the MTL 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 MTL deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.