USELESS kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) USELESS 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, USELESS last traded at ₩175.00, which is $0.1285 at Upbit's ₩1,361.4 per USDT, against $0.1311 on Binance: a 1.97% discount. In other words, ₩1,000,000 spent on USELESS on Bithumb buys about ₩1,020,100 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 -0.19% across 66 coins, so USELESS is cheaper in Korea than the typical coin. USELESS ranks #135 of 135 by Korean 24h trading value (₩502.4M).
USELESS on Upbit and Bithumb vs Binance
as of 16:12 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 | ₩175.00 | $0.1285 | $0.1311 perp | -1.97% | ₩502.4M |
USD equivalent = KRW price ÷ ₩1,361.4, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual USELESS/USDT market. USELESS is #135 of 135 coins by combined Upbit + Bithumb 24h volume (₩502.4M).
USELESS kimchi premium history
Recording since 29 Sep 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; USELESS 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.
USELESS kimchi premium FAQ
What is the USELESS kimchi premium today?
USELESS trades at a 1.97% discount on Korean exchanges against Binance right now (Bithumb -1.97%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the USELESS kimchi premium calculated?
The USELESS KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,361.4 on Upbit now) and compared with the USELESS price on Binance ($0.1311, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of USELESS in the last 24 hours.
Can you arbitrage the USELESS 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 USELESS deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.