CAP Kimchi Premium Today: Upbit & Bithumb vs Binance

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. From the same snapshot as the kimchi premium table.

On Upbit, CAP last traded at ₩75.800, which is $0.05586 at Upbit's ₩1,357 per USDT, against $0.05602 on Binance: a 0.29% discount. In other words, ₩1,000,000 spent on CAP on Upbit buys about ₩1,002,900 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 +0.35% across 189 coins, so CAP is cheaper in Korea than the typical coin. CAP ranks #26 of 213 by Korean 24h trading value (₩19.9B); on Bithumb its premium is -1.14%.

USDT = ₩1,357 (Upbit)#26 of 213 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 08:33 UTC

CAP premium vs Binance

-0.72%

average of 2 Korean venues

Upbit premium

-0.29%

₩75.800 · ₩18.0B 24h

Bithumb premium

-1.14%

₩75.150 · ₩1.8B 24h

USDT/KRW rate used

₩1,357

Upbit KRW-USDT market

CAP on Upbit and Bithumb vs Binance

as of 08:33 UTC · premium vs USDT

Venue	KRW price	USD equivalent	Binance price	Premium	KRW 24h volume
Upbit	₩75.800	$0.05586	$0.05602 perp	-0.29%	₩18.0B
Bithumb	₩75.150	$0.05538	$0.05602 perp	-1.14%	₩1.8B

USD equivalent = KRW price ÷ ₩1,357, 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 #26 of 213 coins by combined Upbit + Bithumb 24h volume (₩19.9B).

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 0.72% discount on Korean exchanges against Binance right now (Upbit -0.29%, Bithumb -1.14%). 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 (₩1,357 on Upbit now) and compared with the CAP price on Binance ($0.05602, 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.