Mid% = kimchi-style premium: + means USDT is dearer locally than official FX implies. 1H = median premium, last hour.
Median mid premium per currency. Click a tile, or type its code, for the currency page.
Commands
Type anywhere to reach the command line. Keys 1–7 switch functions, / jumps to the filter, Esc goes back.
What it measures
premium(ccy, venue) = USDT price in ccy / official ccy-per-USD − 1
The kimchi premium (Upbit KRW-USDT vs the won rate) applied to every currency with a USDT market: exchange order books where they exist, Binance P2P for the rest (about 85 fiats).
Forward cycle · USDT at a premium
USD → buy USDT on a US venue (ask) → send → sell locally (bid) → local fiat ▲ │ └──────── remittance partner wires it back at FX mid − remit cost ◀──┘
Reverse cycle · USDT at a discount
USD → remit to local fiat → buy USDT locally (ask) → send → sell on a US venue (bid) → USD
Columns
- Premium% / Discount%
- Gross edge of the local price against the USD price of USDT, before any fee.
- Net% · Net $
- What the cycle returns on the notional after every cost in the panel.
- BE remit%
- The most your remittance partner can charge, all-in, for the cycle to break even.
Caveats
- Top of book only. A $100k sale moves thin books; depth is not modelled.
- The remittance leg is priced at the official daily mid minus your cost assumption, not a live partner quote.
- Not modelled: settlement time, KYC and outbound limits, capital controls, tax.
- Where a parallel FX market exists, the premium mostly measures that gap, not an arbitrage.
- P2P quotes depend on payment method and size; books wider than the spread limit are dropped.