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ATH kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) ATH 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 Upbit, ATH last traded at ₩8.280, which is $0.006106 at Upbit's ₩1,356 per USDT, against $0.006114 on Binance: a 0.13% discount. In other words, ₩1,000,000 spent on ATH on Upbit buys about ₩1,001,300 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 +0.49% across 182 coins, so ATH is cheaper in Korea than the typical coin. ATH ranks #161 of 206 by Korean 24h trading value (₩830.0M).

USDT = ₩1,356 (Upbit)#161 of 206 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 10:12 UTC

ATH premium vs Binance
-0.13%
average of 1 Korean venue
Upbit premium
-0.13%
₩8.280 · ₩830.0M 24h
Bithumb premium
—
under ₩500.0M 24h or not listed
USDT/KRW rate used
₩1,356
Upbit KRW-USDT market

ATH on Upbit and Bithumb vs Binance

as of 10:12 UTC · premium vs USDT
Venue KRW price USD equivalent Binance price Premium KRW 24h volume
Upbit ₩8.280 $0.006106 $0.006114 perp -0.13% ₩830.0M
Bithumb not shown: under ₩500.0M traded in 24 h, not listed, or excluded

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 USDT perpetual ATH/USDT market. ATH is #161 of 206 coins by combined Upbit + Bithumb 24h volume (₩830.0M).

ATH kimchi premium history

Recording since Sep 29, 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; ATH 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.

ATH kimchi premium FAQ

What is the ATH kimchi premium today?

ATH trades at a 0.13% discount on Korean exchanges against Binance right now (Upbit -0.13%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the ATH kimchi premium calculated?

The ATH KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the ATH price on Binance ($0.006114, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ATH in the last 24 hours.

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