Q Kimchi Premium Today: Upbit & Bithumb vs Binance

Q kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) Q 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 Bithumb, Q last traded at ₩33.510, which is $0.02473 at Upbit's ₩1,355 per USDT, against $0.02493 on Binance: a 0.78% discount. In other words, ₩1,000,000 spent on Q on Bithumb buys about ₩1,007,900 worth at Binance prices, so it is cheaper to buy in Korea than abroad right now. That is below Bithumb's volume-weighted premium of -0.19% across 91 coins, so Q is cheaper in Korea than the typical coin. Q ranks #12 of 211 by Korean 24h trading value (₩57.9B).

USDT = ₩1,355 (Upbit)#12 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:34 UTC

Q premium vs Binance

-0.78%

average of 1 Korean venue

Upbit premium

—

under ₩500.0M 24h or not listed

Bithumb premium

-0.78%

₩33.510 · ₩57.9B 24h

USDT/KRW rate used

₩1,355

Upbit KRW-USDT market

Q on Upbit and Bithumb vs Binance

as of 09:34 UTC · premium vs USDT

Venue	KRW price	USD equivalent	Binance price	Premium	KRW 24h volume
Upbit	not shown: under ₩500.0M traded in 24 h, not listed, or excluded
Bithumb	₩33.510	$0.02473	$0.02493 perp	-0.78%	₩57.9B

USD equivalent = KRW price ÷ ₩1,355, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual Q/USDT market. Q is #12 of 211 coins by combined Upbit + Bithumb 24h volume (₩57.9B).

Q kimchi premium history

Recording since Sep 29, 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.

Q kimchi premium FAQ

What is the Q kimchi premium today?

Q trades at a 0.78% discount on Korean exchanges against Binance right now (Bithumb -0.78%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the Q kimchi premium calculated?

The Q KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,355 on Upbit now) and compared with the Q price on Binance ($0.02493, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of Q in the last 24 hours.

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