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PENGU kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) PENGU 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 Upbit, PENGU last traded at ₩13.100, which is $0.009661 at Upbit's ₩1,356 per USDT, against $0.009625 on Binance: a 0.37% premium. In other words, ₩1,000,000 spent on PENGU on Upbit buys about ₩996,300 worth at Binance prices, so Korean buyers are paying up for it. That is in line with Upbit's volume-weighted premium of +0.47% across 186 coins. PENGU ranks #35 of 211 by Korean 24h trading value (₩11.7B); on Bithumb its premium is -0.01%.

USDT = ₩1,356 (Upbit)#35 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:30 UTC

PENGU premium vs Binance
+0.18%
average of 2 Korean venues
Upbit premium
+0.37%
₩13.100 · ₩7.5B 24h
Bithumb premium
-0.01%
₩13.050 · ₩4.2B 24h
USDT/KRW rate used
₩1,356
Upbit KRW-USDT market

PENGU 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 ₩13.100 $0.009661 $0.009625 +0.37% ₩7.5B
Bithumb ₩13.050 $0.009624 $0.009625 -0.01% ₩4.2B

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 PENGU/USDT market. PENGU is #35 of 211 coins by combined Upbit + Bithumb 24h volume (₩11.7B).

PENGU kimchi premium history

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

PENGU kimchi premium FAQ

What is the PENGU kimchi premium today?

PENGU trades at a 0.18% premium on Korean exchanges against Binance right now (Upbit +0.37%, Bithumb -0.01%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the PENGU kimchi premium calculated?

The PENGU KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the PENGU price on Binance ($0.009625, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of PENGU in the last 24 hours.

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