How much more (or less) ARB 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 Upbit, ARB last traded at ₩279.00, which is $0.2058 at Upbit's ₩1,356 per USDT, against $0.2054 on Binance: a 0.17% premium. In other words, ₩1,000,000 spent on ARB on Upbit buys about ₩998,300 worth at Binance prices, so Korean buyers are paying up for it. That is below Upbit's volume-weighted premium of +0.47% across 186 coins, so ARB is cheaper in Korea than the typical coin. ARB ranks #29 of 211 by Korean 24h trading value (₩14.3B); on Bithumb its premium is -0.19%.
USDT = ₩1,356 (Upbit)#29 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:30 UTC
ARB premium vs Binance
-0.01%
average of 2 Korean venues
Upbit premium
+0.17%
₩279.00 · ₩10.8B 24h
Bithumb premium
-0.19%
₩278.00 · ₩3.5B 24h
USDT/KRW rate used
₩1,356
Upbit KRW-USDT market
ARB on Upbit and Bithumb vs Binance
as of 09:30 UTC · premium vs USDT
Venue
KRW price
USD equivalent
Binance price
Premium
KRW 24h volume
Upbit
₩279.00
$0.2058
$0.2054
+0.17%
₩10.8B
Bithumb
₩278.00
$0.2050
$0.2054
-0.19%
₩3.5B
USD equivalent = KRW price ÷ ₩1,356, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot ARB/USDT market. ARB is #29 of 211 coins by combined Upbit + Bithumb 24h volume (₩14.3B).
ARB kimchi premium history
Recording since Sep 29, 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; ARB 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.
ARB kimchi premium FAQ
What is the ARB kimchi premium today?
ARB trades at a 0.01% discount on Korean exchanges against Binance right now (Upbit +0.17%, Bithumb -0.19%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the ARB kimchi premium calculated?
The ARB KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the ARB price on Binance ($0.2054, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ARB in the last 24 hours.
Can you arbitrage the ARB 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 ARB deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.