Kimchi Premium Tracker
Track real-time crypto price spread between Korean and global exchanges.
BTC Premium
0.00%
Average spread across domestic exchanges
Global Sentiment
Neutral
Fear & Greed Index: 54 / 100
Arbitrage Alert
Low Risk
Spread is within standard bounds
| Asset | Upbit (USD) | Binance (USD) | Premium | 24h Change |
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Understanding the Crypto 'Kimchi Premium' and Price Gaps
Overview
A crypto premium is the price gap for the same coin between two markets — most famously the 'kimchi premium', where Bitcoin often trades higher on Korean exchanges than global ones. This tool compares prices across markets to show the premium (or discount) as a percentage, so you can see where a coin is trading rich or cheap. It fetches live prices and computes the gap in your browser.
How to Use (Step by Step)
- 1
Pick the markets to compare
Choose the two exchanges or regions whose prices you want to compare.
- 2
Read the premium
See the percentage gap and which market the coin trades higher on.
- 3
Interpret in context
Consider fees, transfer limits, and capital controls before treating a premium as an opportunity.
How It Works
The tool pulls the current price of a coin from two or more markets (for example, a Korean exchange in KRW and a global exchange in USD), converts them to a common currency using the exchange rate, and expresses the difference as a percentage premium. A positive premium means the coin is more expensive on the first market; a negative one means cheaper. The comparison updates from live data.
When to Use This
Checking the current kimchi premium or a gap between any two exchanges. Understanding why a coin's price differs across markets. Gauging local demand or capital-flow pressure that drives a premium. Watching how the premium changes over time as a market sentiment signal. Being aware of price gaps before buying or transferring across exchanges. Studying how arbitrage and capital controls shape crypto markets.
Frequently Asked Questions
Mainly local demand plus barriers to moving money and crypto across borders. Capital controls, limited arbitrage, and strong retail buying can push Korean prices above global ones, creating a persistent gap that widens and narrows with sentiment.
Important Notes
A premium reflects real barriers (capital controls, transfer limits, fees) that usually make it hard to arbitrage safely. This tool is informational, not trading advice — crypto is volatile and prices, along with the premium, can change in seconds.