VIRTUAL kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) VIRTUAL 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, VIRTUAL last traded at ₩1,105, which is $0.8155 at Upbit's ₩1,355 per USDT, against $0.8156 on Binance: a 0.01% discount. In other words, ₩1,000,000 spent on VIRTUAL on Upbit buys about ₩1,000,100 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 +0.51% across 186 coins, so VIRTUAL is cheaper in Korea than the typical coin. VIRTUAL ranks #24 of 211 by Korean 24h trading value (₩19.2B); on Bithumb its premium is +0.08%.
USDT = ₩1,355 (Upbit)#24 of 211 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 09:31 UTC
VIRTUAL premium vs Binance
+0.03%
average of 2 Korean venues
Upbit premium
-0.01%
₩1,105 · ₩10.0B 24h
Bithumb premium
+0.08%
₩1,106 · ₩9.3B 24h
USDT/KRW rate used
₩1,355
Upbit KRW-USDT market
VIRTUAL on Upbit and Bithumb vs Binance
as of 09:31 UTC · premium vs USDT
Venue
KRW price
USD equivalent
Binance price
Premium
KRW 24h volume
Upbit
₩1,105
$0.8155
$0.8156
-0.01%
₩10.0B
Bithumb
₩1,106
$0.8162
$0.8156
+0.08%
₩9.3B
USD equivalent = KRW price ÷ ₩1,355, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot VIRTUAL/USDT market. VIRTUAL is #24 of 211 coins by combined Upbit + Bithumb 24h volume (₩19.2B).
VIRTUAL kimchi premium history
Recording since Sep 29, 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; VIRTUAL 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.
VIRTUAL kimchi premium FAQ
What is the VIRTUAL kimchi premium today?
VIRTUAL trades at a 0.03% premium on Korean exchanges against Binance right now (Upbit -0.01%, Bithumb +0.08%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the VIRTUAL kimchi premium calculated?
The VIRTUAL KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,355 on Upbit now) and compared with the VIRTUAL price on Binance ($0.8156, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of VIRTUAL in the last 24 hours.
Can you arbitrage the VIRTUAL 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 VIRTUAL deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.