How CoinGaja’s kimchi premium is calculated, and which values are left out or marked separately. If the kimchi premium is new to you, read What is the kimchi premium? Meaning and calculation first.
Bitcoin now (as of Oct 29 22:44 KST): Upbit ₩107,377,000, Binance $79,998.01 × ₩1,338.28 = ₩107,059,737 → premium +0.30%
The premium is calculated separately for each of the four Korean exchanges - Upbit, Bithumb, Coinone and Digital X - from their live prices.
By default it is Binance’s USDT market, with 1 USDT counted as 1 USD. You can switch to another overseas exchange with "Base" above the table.
After the premium is calculated for each of the four Korean exchanges, the median of those with fresh prices is the main premium. Unlike an average, it is not pulled away when one exchange jumps. Bitcoin’s main premium now is +0.28%.
Converted with Upbit’s tether (USDT) price in won instead of the exchange rate. It takes the dollar rate out and shows whether the coin itself is dear or cheap in Korea.
The market rate from Yahoo Finance, checked every minute. Now ₩1,338.28.
| Overseas price (Binance) | 79,998.01 USDT |
|---|---|
| KRW/USD rate | ₩1,338.28 |
| In won | ₩107,059,737 |
| Upbit price | ₩107,377,000 |
| Premium | +0.30% |
The top 120 coins by combined 24-hour trading value on the four Korean exchanges are covered; the list is redone every 10 minutes. Binance always comes right after the four Korean exchanges; the other overseas exchanges follow in order of CoinGecko spot volume (30-day average). The order does not change by itself when volumes change, and every table on the site uses the same order.
If a Korean exchange’s or Binance’s price has not updated for over 20 seconds (45 seconds for the other overseas exchanges), no premium is shown. A Korean exchange whose prices stop for over 2 minutes is taken out of the table.
On Kraken, BTC Markets, HTX, Bitfinex, Gate and Bitget, a last trade price more than 3% away from the median of the other exchanges is treated as stale and left out of the comparison. On any overseas exchange, a price more than 25% away is not shown.
When Upbit and Binance give a symbol different names and the prices are far apart (over 2 times, or over 5% from the large overseas exchanges), they are treated as different coins and not compared with Binance. E.g. Upbit AI (Gensyn) and Binance AI (Sleepless AI).
When the price step (tick size) alone could move the premium by more than 1%p, no premium is shown.
A premium beyond ±15% is treated as bad data and not shown.
The deposit and withdrawal status that each exchange gives is checked every 5 minutes and shown as No deposits No withdrawals No deposits/withdrawals. When transfers are blocked, the premium can widen a lot. If an exchange does not answer for over 30 minutes, the marks are taken off so they cannot be wrong.
When a whole exchange stops, its last price is shown faded as "maintenance" (up to 12 hours) and is not used for the premium.
The premium moves all day. The CoinGaja Kimchi Premium Index is recalculated every minute and recorded every 5 minutes; see its chart on the index page.
A high premium means coins cost more in Korea than abroad. It usually happens when:
News or good tidings bring strong buying in Korea
Prices fall abroad while Korean prices fall less
The KRW/USD rate falls while prices in won stay the same
For a coin with blocked transfers, the trades that bring prices together are hard, so its premium can widen a lot.
A low or negative (−) premium means coins cost less in Korea than abroad. It usually happens when:
Fear or similar brings heavy selling in Korea
Prices rise abroad while Korean prices rise less
The KRW/USD rate rises while prices in won stay the same
These are the calculation rules of CoinGaja’s price tables, not investment advice. Before you trade, check each exchange’s notices and the market as well.When a rule changes, it is written here with the date. Last updated: October 28, 2026 · See the Bitcoin premium
Sign up to get 50P · kimchi premium alerts · posting & comments
| 1 | 홍길동만세 | 730 pts |
| 2 | 코린이 | 255 pts |
| 3 | 간식 | 245 pts |
| 4 | 쭉쭉이 | 210 pts |
| 5 | 차트보는고래 | 135 pts |
| 6 | 코인고래 | 125 pts |
| 7 | 상어코인 | 125 pts |
| 8 | 한국이 | 60 pts |
