PYTH kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) PYTH 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, PYTH last traded at ₩127.00, which is $0.09421 at Upbit's ₩1,348 per USDT, against $0.09488 on Binance: a 0.70% discount. In other words, ₩1,000,000 spent on PYTH on Upbit buys about ₩1,007,100 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 +0.56% across 179 coins, so PYTH is cheaper in Korea than the typical coin. PYTH ranks #20 of 206 by Korean 24h trading value (₩16.5B); on Bithumb its premium is -0.70%.
PYTH on Upbit and Bithumb vs Binance
as of 17:15 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩127.00 | $0.09421 | $0.09488 | -0.70% | ₩13.9B |
| Bithumb | ₩127.00 | $0.09421 | $0.09488 | -0.70% | ₩2.6B |
USD equivalent = KRW price ÷ ₩1,348, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot PYTH/USDT market. PYTH is #20 of 206 coins by combined Upbit + Bithumb 24h volume (₩16.5B).
PYTH kimchi premium history
Recording since Oct 12, 2026: the chart appears once 24 hourly points are stored (10 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.
PYTH kimchi premium FAQ
What is the PYTH kimchi premium today?
PYTH trades at a 0.70% discount on Korean exchanges against Binance right now (Upbit -0.70%, Bithumb -0.70%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the PYTH kimchi premium calculated?
The PYTH KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,348 on Upbit now) and compared with the PYTH price on Binance ($0.09488, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of PYTH in the last 24 hours.
Can you arbitrage the PYTH 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 PYTH deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.