Ethena (ENA) kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) ENA 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 spot price. The same snapshot and USDT/KRW rate as the kimchi premium table, refreshed every minute.
On Upbit, ENA last traded at ₩178.00, which is $0.1303 at Upbit's ₩1,365.9 per USDT, against $0.1302 on Binance: a 0.09% premium. In other words, ₩1,000,000 spent on ENA on Upbit buys about ₩999,100 worth at Binance prices, so Korean buyers are paying up for it. That is in line with Upbit's volume-weighted premium of +0.16% across 108 coins. ENA ranks #14 of 128 by Korean 24h trading value (₩20.9B); on Bithumb its premium is -0.47%.
ENA on Upbit and Bithumb vs Binance
as of 04:49 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩178.00 | $0.1303 | $0.1302 | +0.09% | ₩12.3B |
| Bithumb | ₩177.00 | $0.1296 | $0.1302 | -0.47% | ₩8.6B |
USD equivalent = KRW price ÷ ₩1,365.9, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot ENA/USDT market. ENA is #14 of 128 coins by combined Upbit + Bithumb 24h volume (₩20.9B).
ENA kimchi premium history
Hourly · Upbit and Bithumb vs Binance · since 29 Sep 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.
ENA kimchi premium FAQ
What is the ENA kimchi premium today?
ENA trades at a 0.19% discount on Korean exchanges against Binance right now (Upbit +0.09%, Bithumb -0.47%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the ENA kimchi premium calculated?
The ENA KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,365.9 on Upbit now) and compared with the ENA price on Binance ($0.1302, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ENA in the last 24 hours.
Can you arbitrage the ENA 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 ENA deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.