Kimchi Premium Live — BTC, ETH, SOL, XRP and USDT in Korea

How much more (or less) crypto costs in Korean won than on a US dollar market, shown two ways: against the reference KRW/USD rate and against the USDT price in Korea. The table refreshes every 30 seconds while the page is open.

By CoinPop Market Desk · Formula and data sources shown below · Editorial policy

Loading prices.

The fields start with the BTC row from the table. Swap in prices from Upbit, Binance, OKX or any other market you want to compare. Put the reference exchange rate in the third field for the FX-basis premium, or the USDT price in won for the USDT-basis premium.

The two premiums differ by roughly the tether premium. If BTC trades 1.2% above the FX-basis price and USDT itself trades 1.1% above the reference rate in Korea, the USDT-basis premium shrinks to about 0.1%. The USDT basis is the closer match for someone moving stablecoins between markets; the FX basis shows how Korean prices compare with the official exchange rate.

A positive figure means coins are dearer in Korea (the kimchi premium). A negative figure means they are cheaper there, often called a reverse premium.

• Korean won price: the current price on Bithumb's KRW market from its public ticker API. The USDT price in won comes from the same source.
• US dollar price: the Coinbase public API spot price in USD.
• KRW/USD rate: the reference rate published through Frankfurter. Frankfurter says these are reference rates, not live market quotes, issued once or a few times a day by the source institutions, so they can differ from bank or intraday rates.
• Refresh: CoinPop's server caches prices briefly and this page reloads them every 30 seconds. If one source does not respond, the previous value may be used, so check the timestamp under the table.

Korean won markets and global dollar or USDT markets have largely different participants. Trading on Korean won markets requires a verified account linked to a Korean bank, and moving coins or money between the two sides means exchange withdrawals, withdrawal fees, transfer time and Korea's foreign-exchange rules. Because of that friction, a price gap can open when Korean demand runs hot (or cold) and can stay open for a while.

That is why traders watch the premium as a gauge of retail sentiment in Korea. A single percentage is a weak timing signal on its own, and the figure changes with the exchange and the exchange-rate basis you choose.

Liquidation price calculator · Futures breakeven calculator · Official fee comparison (OKX, Bybit, MEXC) · Top assets by market cap

Prices: Bithumb public API, Coinbase public API. Exchange rate: Frankfurter (reference rate, not a live quote). Figures are calculated for information only and are not investment advice or a recommendation to arbitrage. Crypto trading and cross-border transfers carry risk of loss and are subject to local rules.