BASED kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) BASED 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 Bithumb, BASED last traded at ₩61.370, which is $0.04518 at Upbit's ₩1,358.3 per USDT, against $0.04541 on Binance: a 0.50% discount. In other words, ₩1,000,000 spent on BASED on Bithumb buys about ₩1,005,100 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 +0.07% across 59 coins, so BASED is cheaper in Korea than the typical coin. BASED ranks #5 of 133 by Korean 24h trading value (₩93.9B).
BASED on Upbit and Bithumb vs Binance
as of 17:50 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 | ₩61.370 | $0.04518 | $0.04541 perp | -0.50% | ₩93.9B |
USD equivalent = KRW price ÷ ₩1,358.3, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual BASED/USDT market. BASED is #5 of 133 coins by combined Upbit + Bithumb 24h volume (₩93.9B).
BASED kimchi premium history
Recording since 6 Nov 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.
BASED kimchi premium FAQ
What is the BASED kimchi premium today?
BASED trades at a 0.50% discount on Korean exchanges against Binance right now (Bithumb -0.50%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the BASED kimchi premium calculated?
The BASED KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,358.3 on Upbit now) and compared with the BASED price on Binance ($0.04541, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of BASED in the last 24 hours.
Can you arbitrage the BASED 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 BASED deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.