PHA Kimchi Premium Today: Upbit & Bithumb vs Binance

PHA kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) PHA 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, PHA last traded at ₩88.380, which is $0.06518 at Upbit's ₩1,356 per USDT, against $0.06560 on Binance: a 0.64% discount. In other words, ₩1,000,000 spent on PHA on Bithumb buys about ₩1,006,500 worth at Binance prices, so it is cheaper to buy in Korea than abroad right now. That is below Bithumb's volume-weighted premium of -0.06% across 91 coins, so PHA is cheaper in Korea than the typical coin. PHA ranks #55 of 211 by Korean 24h trading value (₩4.5B).

USDT = ₩1,356 (Upbit)#55 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:29 UTC

PHA premium vs Binance

-0.64%

average of 1 Korean venue

Upbit premium

—

under ₩500.0M 24h or not listed

Bithumb premium

-0.64%

₩88.380 · ₩4.5B 24h

USDT/KRW rate used

₩1,356

Upbit KRW-USDT market

PHA on Upbit and Bithumb vs Binance

as of 09:29 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	₩88.380	$0.06518	$0.06560	-0.64%	₩4.5B

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 PHA/USDT market. PHA is #55 of 211 coins by combined Upbit + Bithumb 24h volume (₩4.5B).

PHA kimchi premium history

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

PHA kimchi premium FAQ

What is the PHA kimchi premium today?

PHA trades at a 0.64% discount on Korean exchanges against Binance right now (Bithumb -0.64%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the PHA kimchi premium calculated?

The PHA KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the PHA price on Binance ($0.06560, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of PHA in the last 24 hours.

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