RED Kimchi Premium Today: Upbit & Bithumb vs Binance

RED kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) RED 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, RED last traded at ₩219.00, which is $0.1614 at Upbit's ₩1,357 per USDT, against $0.1620 on Binance: a 0.38% discount. In other words, ₩1,000,000 spent on RED on Upbit buys about ₩1,003,800 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 +0.29% across 189 coins, so RED is cheaper in Korea than the typical coin. RED ranks #157 of 214 by Korean 24h trading value (₩915.5M).

USDT = ₩1,357 (Upbit)#157 of 214 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 08:52 UTC

RED premium vs Binance

-0.38%

average of 1 Korean venue

Upbit premium

-0.38%

₩219.00 · ₩915.5M 24h

Bithumb premium

—

under ₩500.0M 24h or not listed

USDT/KRW rate used

₩1,357

Upbit KRW-USDT market

RED on Upbit and Bithumb vs Binance

as of 08:52 UTC · premium vs USDT

Venue	KRW price	USD equivalent	Binance price	Premium	KRW 24h volume
Upbit	₩219.00	$0.1614	$0.1620	-0.38%	₩915.5M
Bithumb	not shown: under ₩500.0M traded in 24 h, not listed, or excluded

USD equivalent = KRW price ÷ ₩1,357, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot RED/USDT market. RED is #157 of 214 coins by combined Upbit + Bithumb 24h volume (₩915.5M).

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.

RED kimchi premium FAQ

What is the RED kimchi premium today?

RED trades at a 0.38% discount on Korean exchanges against Binance right now (Upbit -0.38%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the RED kimchi premium calculated?

The RED KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,357 on Upbit now) and compared with the RED price on Binance ($0.1620, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of RED in the last 24 hours.

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