IN Kimchi Premium Today: Upbit & Bithumb vs Binance

IN kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) IN 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, IN last traded at ₩51.300, which is $0.03783 at Upbit's ₩1,356 per USDT, against $0.03795 on Binance: a 0.31% discount. In other words, ₩1,000,000 spent on IN on Upbit buys about ₩1,003,100 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 +0.48% across 182 coins, so IN is cheaper in Korea than the typical coin. IN ranks #86 of 206 by Korean 24h trading value (₩2.2B).

USDT = ₩1,356 (Upbit)#86 of 206 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 10:13 UTC

IN premium vs Binance

-0.31%

average of 1 Korean venue

Upbit premium

-0.31%

₩51.300 · ₩2.2B 24h

Bithumb premium

—

under ₩500.0M 24h or not listed

USDT/KRW rate used

₩1,356

Upbit KRW-USDT market

IN on Upbit and Bithumb vs Binance

as of 10:13 UTC · premium vs USDT

Venue	KRW price	USD equivalent	Binance price	Premium	KRW 24h volume
Upbit	₩51.300	$0.03783	$0.03795 perp	-0.31%	₩2.2B
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 IN/USDT market. IN is #86 of 206 coins by combined Upbit + Bithumb 24h volume (₩2.2B).

IN kimchi premium history

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

IN kimchi premium FAQ

What is the IN kimchi premium today?

IN trades at a 0.31% discount on Korean exchanges against Binance right now (Upbit -0.31%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the IN kimchi premium calculated?

The IN KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the IN price on Binance ($0.03795, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of IN in the last 24 hours.

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