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ALICE kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) ALICE 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. From the same snapshot as the kimchi premium table.

On Bithumb, ALICE last traded at ₩218.00, which is $0.1609 at Upbit's ₩1,355 per USDT, against $0.1622 on Binance: a 0.81% discount. In other words, ₩1,000,000 spent on ALICE on Bithumb buys about ₩1,008,200 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 -0.03% across 91 coins, so ALICE is cheaper in Korea than the typical coin. ALICE ranks #138 of 211 by Korean 24h trading value (₩1.2B).

USDT = ₩1,355 (Upbit)#138 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:31 UTC

ALICE premium vs Binance
-0.81%
average of 1 Korean venue
Upbit premium
—
under ₩500.0M 24h or not listed
Bithumb premium
-0.81%
₩218.00 · ₩1.2B 24h
USDT/KRW rate used
₩1,355
Upbit KRW-USDT market

ALICE on Upbit and Bithumb vs Binance

as of 09:31 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 ₩218.00 $0.1609 $0.1622 -0.81% ₩1.2B

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 spot ALICE/USDT market. ALICE is #138 of 211 coins by combined Upbit + Bithumb 24h volume (₩1.2B).

ALICE kimchi premium history

Recording since Sep 29, 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; ALICE gets a chart after a day among them.

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.

ALICE kimchi premium FAQ

What is the ALICE kimchi premium today?

ALICE trades at a 0.81% discount on Korean exchanges against Binance right now (Bithumb -0.81%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the ALICE kimchi premium calculated?

The ALICE KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,355 on Upbit now) and compared with the ALICE price on Binance ($0.1622, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ALICE in the last 24 hours.

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