ZEST kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) ZEST 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, ZEST last traded at ₩235.00, which is $0.1742 at Upbit's ₩1,349 per USDT, against $0.1762 on Binance: a 1.14% discount. In other words, ₩1,000,000 spent on ZEST on Bithumb buys about ₩1,011,600 worth at Binance prices, so it is cheaper to buy in Korea than abroad right now. That is in line with Bithumb's volume-weighted premium of -1.18% across 104 coins. ZEST ranks #10 of 197 by Korean 24h trading value (₩59.6B).
ZEST on Upbit and Bithumb vs Binance
as of 12:00 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 | ₩235.00 | $0.1742 | $0.1762 perp | -1.14% | ₩59.6B |
USD equivalent = KRW price ÷ ₩1,349, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the USDT perpetual ZEST/USDT market. ZEST is #10 of 197 coins by combined Upbit + Bithumb 24h volume (₩59.6B).
ZEST kimchi premium history
Recording since Oct 12, 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.
ZEST kimchi premium FAQ
What is the ZEST kimchi premium today?
ZEST trades at a 1.14% discount on Korean exchanges against Binance right now (Bithumb -1.14%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the ZEST kimchi premium calculated?
The ZEST KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,349 on Upbit now) and compared with the ZEST price on Binance ($0.1762, USDT perpetual): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ZEST in the last 24 hours.
Can you arbitrage the ZEST 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 ZEST deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.