ME kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) ME 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, ME last traded at ₩57.200, which is $0.04202 at Upbit's ₩1,361.4 per USDT, against $0.04210 on Binance: a 0.20% discount. In other words, ₩1,000,000 spent on ME on Upbit buys about ₩1,002,000 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 +0.37% across 117 coins, so ME is cheaper in Korea than the typical coin. ME ranks #123 of 135 by Korean 24h trading value (₩614.2M).
ME on Upbit and Bithumb vs Binance
as of 16:12 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩57.200 | $0.04202 | $0.04210 | -0.20% | ₩614.2M |
| Bithumb | not shown: under ₩500.0M traded in 24 h, not listed, or excluded | ||||
USD equivalent = KRW price ÷ ₩1,361.4, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot ME/USDT market. ME is #123 of 135 coins by combined Upbit + Bithumb 24h volume (₩614.2M).
ME kimchi premium history
Recording since 29 Sep 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; ME 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.
ME kimchi premium FAQ
What is the ME kimchi premium today?
ME trades at a 0.20% discount on Korean exchanges against Binance right now (Upbit -0.20%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the ME kimchi premium calculated?
The ME KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,361.4 on Upbit now) and compared with the ME price on Binance ($0.04210, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ME in the last 24 hours.
Can you arbitrage the ME 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 ME deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.