ORCA kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) ORCA 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, ORCA last traded at ₩2,755, which is $2.041 at Upbit's ₩1,350 per USDT, against $2.042 on Binance: a 0.06% discount. In other words, ₩1,000,000 spent on ORCA on Upbit buys about ₩1,000,600 worth at Binance prices, so it is cheaper to buy in Korea than abroad right now. That is below Upbit's volume-weighted premium of +0.06% across 146 coins, so ORCA is cheaper in Korea than the typical coin. ORCA ranks #14 of 171 by Korean 24h trading value (₩24.5B); on Bithumb its premium is -1.00%.
ORCA on Upbit and Bithumb vs Binance
as of 02:20 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩2,755 | $2.041 | $2.042 | -0.06% | ₩21.5B |
| Bithumb | ₩2,729 | $2.021 | $2.042 | -1.00% | ₩3.0B |
USD equivalent = KRW price ÷ ₩1,350, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot ORCA/USDT market. ORCA is #14 of 171 coins by combined Upbit + Bithumb 24h volume (₩24.5B).
ORCA kimchi premium history
Recording since Oct 5, 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.
ORCA kimchi premium FAQ
What is the ORCA kimchi premium today?
ORCA trades at a 0.53% discount on Korean exchanges against Binance right now (Upbit -0.06%, Bithumb -1.00%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the ORCA kimchi premium calculated?
The ORCA KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,350 on Upbit now) and compared with the ORCA price on Binance ($2.042, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ORCA in the last 24 hours.
Can you arbitrage the ORCA 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 ORCA deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.