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KAIA kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) KAIA 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. From the same snapshot as the kimchi premium table.

On Bithumb, KAIA last traded at ₩46.900, which is $0.03459 at Upbit's ₩1,356 per USDT, against $0.03450 on Binance: a 0.25% premium. In other words, ₩1,000,000 spent on KAIA on Bithumb buys about ₩997,500 worth at Binance prices, so Korean buyers are paying up for it. That is above Bithumb's volume-weighted premium of -0.07% across 91 coins, so KAIA is richer in Korea than the typical coin. KAIA ranks #109 of 211 by Korean 24h trading value (₩1.6B).

USDT = ₩1,356 (Upbit)#109 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:30 UTC

KAIA premium vs Binance
+0.25%
average of 1 Korean venue
Upbit premium
—
under ₩500.0M 24h or not listed
Bithumb premium
+0.25%
₩46.900 · ₩1.6B 24h
USDT/KRW rate used
₩1,356
Upbit KRW-USDT market

KAIA on Upbit and Bithumb vs Binance

as of 09:30 UTC · premium vs USDT
Venue KRW price USD equivalent Binance price Premium KRW 24h volume
Upbit not shown: under ₩500.0M traded in 24 h, not listed, or excluded
Bithumb ₩46.900 $0.03459 $0.03450 +0.25% ₩1.6B

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 spot KAIA/USDT market. KAIA is #109 of 211 coins by combined Upbit + Bithumb 24h volume (₩1.6B).

KAIA kimchi premium history

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

KAIA kimchi premium FAQ

What is the KAIA kimchi premium today?

KAIA trades at a 0.25% premium on Korean exchanges against Binance right now (Bithumb +0.25%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the KAIA kimchi premium calculated?

The KAIA KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the KAIA price on Binance ($0.03450, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of KAIA in the last 24 hours.

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