MAGMA kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) MAGMA 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. The same snapshot and USDT/KRW rate as the kimchi premium table, refreshed every minute.
On Bithumb, MAGMA last traded at ₩510.00, which is $0.3796 at Upbit's ₩1,343.6 per USDT, against $0.3771 on Binance: a 0.65% premium. In other words, ₩1,000,000 spent on MAGMA on Bithumb buys about ₩993,500 worth at Binance prices, so Korean buyers are paying up for it. That is above Bithumb's volume-weighted premium of +0.02% across 67 coins, so MAGMA is richer in Korea than the typical coin. MAGMA ranks #14 of 150 by Korean 24h trading value (₩24.9B).
MAGMA on Upbit and Bithumb vs Binance
as of 11:26 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 | ₩510.00 | $0.3796 | $0.3771 perp | +0.65% | ₩24.9B |
USD equivalent = KRW price ÷ ₩1,343.6, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual MAGMA/USDT market. MAGMA is #14 of 150 coins by combined Upbit + Bithumb 24h volume (₩24.9B).
MAGMA kimchi premium history
Recording since 5 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.
MAGMA kimchi premium FAQ
What is the MAGMA kimchi premium today?
MAGMA trades at a 0.65% premium on Korean exchanges against Binance right now (Bithumb +0.65%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the MAGMA kimchi premium calculated?
The MAGMA KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,343.6 on Upbit now) and compared with the MAGMA price on Binance ($0.3771, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of MAGMA in the last 24 hours.
Can you arbitrage the MAGMA 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 MAGMA deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.