WET kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) WET 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. The same snapshot and USDT/KRW rate as the kimchi premium table, refreshed every minute.
On Upbit, WET last traded at ₩71.700, which is $0.05339 at Upbit's ₩1,343 per USDT, against $0.05337 on Binance: near parity (+0.03%). In other words, ₩1,000,000 spent on WET on Upbit buys about ₩999,700 worth at Binance prices, so it costs about the same in Korea as abroad right now. That is below Upbit's volume-weighted premium of +0.70% across 187 coins, so WET is cheaper in Korea than the typical coin. WET ranks #17 of 211 by Korean 24h trading value (₩37.0B); on Bithumb its premium is -1.46%.
WET on Upbit and Bithumb vs Binance
as of 12:13 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩71.700 | $0.05339 | $0.05337 perp | +0.03% | ₩30.0B |
| Bithumb | ₩70.630 | $0.05259 | $0.05337 perp | -1.46% | ₩7.0B |
USD equivalent = KRW price ÷ ₩1,343, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual WET/USDT market. WET is #17 of 211 coins by combined Upbit + Bithumb 24h volume (₩37.0B).
WET kimchi premium history
Recording since Oct 24, 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.
WET kimchi premium FAQ
What is the WET kimchi premium today?
WET trades at a 0.71% discount on Korean exchanges against Binance right now (Upbit +0.03%, Bithumb -1.46%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the WET kimchi premium calculated?
The WET KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,343 on Upbit now) and compared with the WET price on Binance ($0.05337, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of WET in the last 24 hours.
Can you arbitrage the WET 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 WET deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.