SHELL kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) SHELL 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 Bithumb, SHELL last traded at ₩52.490, which is $0.03849 at Upbit's ₩1,363.8 per USDT, against $0.03923 on Binance: a 1.89% discount. In other words, ₩1,000,000 spent on SHELL on Bithumb buys about ₩1,019,300 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 -0.38% across 73 coins, so SHELL is cheaper in Korea than the typical coin. SHELL ranks #14 of 137 by Korean 24h trading value (₩17.0B).
SHELL on Upbit and Bithumb vs Binance
as of 22:45 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 | ₩52.490 | $0.03849 | $0.03923 | -1.89% | ₩17.0B |
USD equivalent = KRW price ÷ ₩1,363.8, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot SHELL/USDT market. SHELL is #14 of 137 coins by combined Upbit + Bithumb 24h volume (₩17.0B).
SHELL kimchi premium history
Recording since 13 Nov 2026: the chart appears once 24 hourly points are stored (3 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.
SHELL kimchi premium FAQ
What is the SHELL kimchi premium today?
SHELL trades at a 1.89% discount on Korean exchanges against Binance right now (Bithumb -1.89%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the SHELL kimchi premium calculated?
The SHELL KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,363.8 on Upbit now) and compared with the SHELL price on Binance ($0.03923, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of SHELL in the last 24 hours.
Can you arbitrage the SHELL 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 SHELL deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.