CAP kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) CAP 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, CAP last traded at ₩150.00, which is $0.1103 at Upbit's ₩1,360.5 per USDT, against $0.1099 on Binance: a 0.33% premium. In other words, ₩1,000,000 spent on CAP on Upbit buys about ₩996,700 worth at Binance prices, so Korean buyers are paying up for it. That is above Upbit's volume-weighted premium of +0.13% across 116 coins, so CAP is richer in Korea than the typical coin. CAP ranks #20 of 136 by Korean 24h trading value (₩11.1B); on Bithumb its premium is -1.68%.
CAP on Upbit and Bithumb vs Binance
as of 18:48 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩150.00 | $0.1103 | $0.1099 perp | +0.33% | ₩8.8B |
| Bithumb | ₩147.00 | $0.1080 | $0.1099 perp | -1.68% | ₩2.3B |
USD equivalent = KRW price ÷ ₩1,360.5, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual CAP/USDT market. CAP is #20 of 136 coins by combined Upbit + Bithumb 24h volume (₩11.1B).
CAP kimchi premium history
Hourly · Upbit and Bithumb vs Binance · since 1 Oct 2026Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
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.
CAP kimchi premium FAQ
What is the CAP kimchi premium today?
CAP trades at a 0.67% discount on Korean exchanges against Binance right now (Upbit +0.33%, Bithumb -1.68%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the CAP kimchi premium calculated?
The CAP KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,360.5 on Upbit now) and compared with the CAP price on Binance ($0.1099, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of CAP in the last 24 hours.
Can you arbitrage the CAP 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 CAP deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.