TRUST kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) TRUST 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 Bithumb, TRUST last traded at ₩66.250, which is $0.04876 at Upbit's ₩1,358.6 per USDT, against $0.04894 on Binance: a 0.36% discount. In other words, ₩1,000,000 spent on TRUST on Bithumb buys about ₩1,003,600 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 -0.23% across 71 coins, so TRUST is cheaper in Korea than the typical coin. TRUST ranks #10 of 141 by Korean 24h trading value (₩27.7B); on Upbit its premium is -0.29%.
TRUST on Upbit and Bithumb vs Binance
as of 12:49 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩66.300 | $0.04880 | $0.04894 perp | -0.29% | ₩720.6M |
| Bithumb | ₩66.250 | $0.04876 | $0.04894 perp | -0.36% | ₩27.0B |
USD equivalent = KRW price ÷ ₩1,358.6, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual TRUST/USDT market. TRUST is #10 of 141 coins by combined Upbit + Bithumb 24h volume (₩27.7B).
TRUST kimchi premium history
Recording since 24 Oct 2026: the chart appears once 24 hourly points are stored (10 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.
TRUST kimchi premium FAQ
What is the TRUST kimchi premium today?
TRUST trades at a 0.32% discount on Korean exchanges against Binance right now (Upbit -0.29%, Bithumb -0.36%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the TRUST kimchi premium calculated?
The TRUST KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,358.6 on Upbit now) and compared with the TRUST price on Binance ($0.04894, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of TRUST in the last 24 hours.
Can you arbitrage the TRUST 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 TRUST deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.