IQ kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) IQ 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, IQ last traded at ₩0.8750, which is $0.0006474 at Upbit's ₩1,351.5 per USDT, against $0.0006400 on Binance: a 1.16% premium. In other words, ₩1,000,000 spent on IQ on Upbit buys about ₩988,500 worth at Binance prices, so Korean buyers are paying up for it. That is above Upbit's volume-weighted premium of +0.42% across 110 coins, so IQ is richer in Korea than the typical coin. IQ ranks #35 of 126 by Korean 24h trading value (₩4.3B); on Bithumb its premium is +0.73%.
IQ on Upbit and Bithumb vs Binance
as of 13:35 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩0.8750 | $0.0006474 | $0.0006400 | +1.16% | ₩3.7B |
| Bithumb | ₩0.8713 | $0.0006447 | $0.0006400 | +0.73% | ₩607.7M |
USD equivalent = KRW price ÷ ₩1,351.5, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot IQ/USDT market. IQ is #35 of 126 coins by combined Upbit + Bithumb 24h volume (₩4.3B).
IQ kimchi premium history
Recording since 12 Nov 2026: the chart appears once 24 hourly points are stored (2 so far).
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.
IQ kimchi premium FAQ
What is the IQ kimchi premium today?
IQ trades at a 0.95% premium on Korean exchanges against Binance right now (Upbit +1.16%, Bithumb +0.73%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the IQ kimchi premium calculated?
The IQ KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,351.5 on Upbit now) and compared with the IQ price on Binance ($0.0006400, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of IQ in the last 24 hours.
Can you arbitrage the IQ 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 IQ deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.