Ethereum (ETH) kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) ETH 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, ETH last traded at ₩2,639,000, which is $1,938.2 at Upbit's ₩1,361.6 per USDT, against $1,933 on Binance: a 0.26% premium. In other words, ₩1,000,000 spent on ETH on Upbit buys about ₩997,400 worth at Binance prices, so Korean buyers are paying up for it. That is below Upbit's volume-weighted premium of +0.63% across 120 coins, so ETH is cheaper in Korea than the typical coin. ETH ranks #3 of 138 by Korean 24h trading value (₩143.2B); on Bithumb its premium is +0.26%.
ETH on Upbit and Bithumb vs Binance
as of 15:51 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩2,639,000 | $1,938.2 | $1,933 | +0.26% | ₩102.6B |
| Bithumb | ₩2,639,000 | $1,938.2 | $1,933 | +0.26% | ₩40.6B |
USD equivalent = KRW price ÷ ₩1,361.6, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot ETH/USDT market. ETH is #3 of 138 coins by combined Upbit + Bithumb 24h volume (₩143.2B).
ETH kimchi premium history
Hourly · Upbit and Bithumb vs Binance · since 29 Sep 2026Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
ETH recorded hourly premium highs and lows — separate Upbit and Bithumb snapshots, UTC dates and historical USDT/KRW rates.
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.
ETH kimchi premium FAQ
What is the ETH kimchi premium today?
ETH trades at a 0.26% premium on Korean exchanges against Binance right now (Upbit +0.26%, Bithumb +0.26%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the ETH kimchi premium calculated?
The ETH KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,361.6 on Upbit now) and compared with the ETH price on Binance ($1,933, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ETH in the last 24 hours.
Can you arbitrage the ETH 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 ETH deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.