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ELSA kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) ELSA 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, ELSA last traded at ₩77.500, which is $0.05715 at Upbit's ₩1,356 per USDT, against $0.05728 on Binance: a 0.22% discount. In other words, ₩1,000,000 spent on ELSA on Upbit buys about ₩1,002,200 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 186 coins, so ELSA is cheaper in Korea than the typical coin. ELSA ranks #50 of 211 by Korean 24h trading value (₩5.4B).

USDT = ₩1,356 (Upbit)#50 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:29 UTC

ELSA premium vs Binance
-0.22%
average of 1 Korean venue
Upbit premium
-0.22%
₩77.500 · ₩5.4B 24h
Bithumb premium
—
under ₩500.0M 24h or not listed
USDT/KRW rate used
₩1,356
Upbit KRW-USDT market

ELSA on Upbit and Bithumb vs Binance

as of 09:29 UTC · premium vs USDT
Venue KRW price USD equivalent Binance price Premium KRW 24h volume
Upbit ₩77.500 $0.05715 $0.05728 perp -0.22% ₩5.4B
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 ELSA/USDT market. ELSA is #50 of 211 coins by combined Upbit + Bithumb 24h volume (₩5.4B).

ELSA kimchi premium history

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

ELSA kimchi premium FAQ

What is the ELSA kimchi premium today?

ELSA trades at a 0.22% discount on Korean exchanges against Binance right now (Upbit -0.22%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the ELSA kimchi premium calculated?

The ELSA KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the ELSA price on Binance ($0.05728, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ELSA in the last 24 hours.

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