PONS kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) PONS 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 Upbit, PONS last traded at ₩485.00, which is $0.3523 at Upbit's ₩1,376.5 per USDT, against $0.3538 on Binance: a 0.41% discount. In other words, ₩1,000,000 spent on PONS on Upbit buys about ₩1,004,100 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 +0.02% across 162 coins, so PONS is cheaper in Korea than the typical coin. PONS ranks #8 of 195 by Korean 24h trading value (₩68.5B); on Bithumb its premium is -0.41%.
PONS on Upbit and Bithumb vs Binance
as of 02:15 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩485.00 | $0.3523 | $0.3538 perp | -0.41% | ₩61.2B |
| Bithumb | ₩485.00 | $0.3523 | $0.3538 perp | -0.41% | ₩7.2B |
USD equivalent = KRW price ÷ ₩1,376.5, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual PONS/USDT market. PONS is #8 of 195 coins by combined Upbit + Bithumb 24h volume (₩68.5B).
PONS kimchi premium history
Recording since Oct 9, 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.
PONS kimchi premium FAQ
What is the PONS kimchi premium today?
PONS trades at a 0.41% discount on Korean exchanges against Binance right now (Upbit -0.41%, Bithumb -0.41%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the PONS kimchi premium calculated?
The PONS KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,376.5 on Upbit now) and compared with the PONS price on Binance ($0.3538, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of PONS in the last 24 hours.
Can you arbitrage the PONS 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 PONS deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.